The global innovation management market size was US$ 1.0 billion in 2021. The global innovation management market size is forecast to reach US$ 3.25 billion by 2030, growing at a compound annual growth rate (CAGR) of 14% during the forecast period from 2022 to 2030.

The idea of innovation management is to manage an organization's innovation process from ideation to implementation, from the very beginning to the end. A strategy for innovation encompasses the decisions, activities, and practices involved in developing and implementing it. Due to the emergence of digital transformation, organizations have to innovate more and innovate faster than ever before. Innovation drives business growth and allows organizations to stay on top of their game. Innovation management assists in generating new business models and creating new products, services, and technologies for the changing market. It also improves customer satisfaction and employee engagement.

Factors Influencing Market Growth

• Due to the intense competition on the market, enterprises strive for the first-mover advantage, thus increasing the demand for open innovation or crowdsourcing innovation. Globally, this is forecast to drive the growth of the innovation management market.
• Enterprises' inability to track reliable ROI from innovation management solutions may slow down the growth of the innovation management market.
• As R&D spending rises across the globe, product lifecycle management spending rises, and organizational innovation grows, the innovation management market will see new opportunities.

Impact Analysis of COVID-19

Robots, rockets, self-driving cars, virtual reality, and artificial intelligence can function as innovations. Innovating happens every day, at all levels, in all kinds of enterprises. A consistent outcome of innovation is the ability to solve customer problems. The COVID-19 has affected all enterprises across industries, but innovation within enterprises has not slowed down. Nevertheless, the COVID-19 pandemic has impacted the global innovation management market for a short time.

Regional Insight

North America dominated the market in terms of share of the global innovation management market and is forecast to continue dominating the market. As a result of the strong presence of solution providers, high adoption of new technology, and internet infrastructure, the market is forecast to thrive in the region.

Leading Competitors

The leading prominent companies profiled in the global innovation management market are:

• Accenture plc
• SAP SE
• Sopheon Corporation
• Planview
• Qmarkets
• Brightidea
• Planbox
• IdeaScale
• innosabi GmbH
• Viima Solutions Oy
• Exago Incorporated
• InnovationCast
• Nosco, Incorporated
• Salesforce
• InnoCentive
• Medallia
• Deloitte Touche Tohmatsu Limited
• Boston Consulting Group (BCG)
• Inno360, Incorporated
• Idea Drop
• ITONICS
• Other Prominent Players

Scope of the Report

The global innovation management market segmentation focuses on Component, Deployment Mode, Organization Size, Industry Verticals, and Region.

Segmentation based on Component

• Solution
• Services

Segmentation based on Deployment Mode

• On-premises
• Cloud

Segmentation based on Organization Size

• Large Enterprises
• Small and Medium-Sized Enterprises (SMEs)

Segmentation based on Industry Verticals

• BFSI
• Retail and eCommerce
• Healthcare and pharmaceuticals
• Manufacturing
• IT and telecommunications
• Transportation and logistics
• Others (Energy And Utilities, Manufacturing, Media and Entertainment, and Education)

Segmentation based on Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • Western Europe
    • The UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Western Europe
  • Eastern Europe
    • Poland
    • Russia
    • Rest of Eastern Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Australia & New Zealand
  • ASEAN
  • Rest of Asia Pacific
• Middle East & Africa (MEA)
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA
• South America
  • Brazil
  • Argentina
  • Rest of South America

[TABLE OF CONTENTS]

1 INTRODUCTION OF GLOBAL INNOVATION MANAGEMENT MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES

4 GLOBAL INNOVATION MANAGEMENT MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE MODEL
4.4 VALUE CHAIN ANALYSIS

5 GLOBAL INNOVATION MANAGEMENT MARKET, BY COMPONENT
5.1 OVERVIEW
5.2 SOLUTIONS
5.3 SERVICES        

6 GLOBAL INNOVATION MANAGEMENT MARKET, BY DEPLOYMENT MODE
6.1 OVERVIEW
6.2 ON-PREMISES
6.3 CLOUD

7 GLOBAL INNOVATION MANAGEMENT MARKET, BY ORGANIZATIONAL SIZE
7.1 OVERVIEW
7.2 LARGE ENTERPRISES
7.2 SMES (SMALL AND MEDIUM-SIZED ENTERPRISES)

8 GLOBAL INNOVATION MANAGEMENT MARKET, BY INDUSTRY VERTICAL
8.1 OVERVIEW
8.2 BFSI
8.2 RETAIL AND ECOMMERCE
8.4 HEALTHCARE AND PHARMACEUTICALS
8.5 MANUFACTURING
8.6 IT AND TELECOMMUNICATIONS
8.7 TRANSPORTATION AND LOGISTICS
8.8 OTHERS (ENERGY AND UTILITIES, MANUFACTURING, MEDIA AND ENTERTAINMENT, AND EDUCATION)

9 GLOBAL INNOVATION MANAGEMENT MARKET, BY GEOGRAPHY
9.1 OVERVIEW

9.2 NORTH AMERICA
9.2.1 NORTH AMERICA MARKET SNAPSHOT
9.2.2 U.S.
9.2.3 CANADA
9.2.4 MEXICO

9.3 EUROPE
9.3.1 EUROPE MARKET SNAPSHOT
9.3.2 WESTERN EUROPE
9.3.2.1 THE UK
9.3.2.2 GERMANY
9.3.2.3 FRANCE
9.3.2.4 ITALY
9.3.2.5 SPAIN
9.3.2.6 REST OF WESTERN EUROPE
9.3.3 EASTERN EUROPE
9.3.3. 1 POLAND
9.3.3.2 RUSSIA
9.3.3.3 REST OF EASTERN EUROPE

9.4 ASIA PACIFIC
9.4.1 ASIA PACIFIC MARKET SNAPSHOT
9.4.2 CHINA
9.4.3 JAPAN
9.4.4 INDIA
9.4.5 AUSTRALIA & NEW ZEALAND
9.4.6 ASEAN
9.4.7 REST OF ASIA PACIFIC

9.5 MIDDLE EAST & AFRICA
9.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
9.5.2 UAE
9.5.3 SAUDI ARABIA
9.5.4 SOUTH AFRICA
9.5.5 REST OF MEA

9.6 SOUTH AMERICA
9.6.1 SOUTH AMERICA MARKET SNAPSHOT
9.6.2 BRAZIL
9.6.3 ARGENTINA
9.6.4 REST OF SOUTH AMERICA

10 GLOBAL DATA SCIENCE PLATFORM MARKET COMPETITIVE LANDSCAPE
10.1 OVERVIEW
10.2 COMPANY MARKET RANKING
10.3 KEY DEVELOPMENT STRATEGIES

11 COMPANY PROFILES

11.1 QMARKETS
11.1.1 OVERVIEW
11.1.2 FINANCIAL PERFORMANCE
11.1.3 PRODUCT OUTLOOK
11.1.4 KEY DEVELOPMENTS

11.2 BRIGHTIDEA
11.2.1 OVERVIEW
11.2.2 FINANCIAL PERFORMANCE
11.2.3 PRODUCT OUTLOOK
11.2.4 KEY DEVELOPMENTS

11.3 PLANBOX
11.3.1 OVERVIEW
11.3.2 FINANCIAL PERFORMANCE
11.3.3 PRODUCT OUTLOOK
11.3.4 KEY DEVELOPMENTS

11.4 IDEASCALE
11.4.1 OVERVIEW
11.4.2 FINANCIAL PERFORMANCE
11.4.3 PRODUCT OUTLOOK
11.4.4 KEY DEVELOPMENTS

11.5 INNOSABI GMBH
11.5.1 OVERVIEW
11.5.2 FINANCIAL PERFORMANCE
11.5.3 PRODUCT OUTLOOK
11.5.4 KEY DEVELOPMENTS

11.6 VIIMA SOLUTIONS OY
11.6.1 OVERVIEW
11.6.2 FINANCIAL PERFORMANCE
11.6.3 PRODUCT OUTLOOK
11.6.4 KEY DEVELOPMENTS

11.7 EXAGO INCORPORATED
11.7.1 OVERVIEW
11.7.2 FINANCIAL PERFORMANCE
11.7.3 PRODUCT OUTLOOK
11.7.4 KEY DEVELOPMENTS

11.8 INNOVATIONCAST
11.8.1 OVERVIEW
11.8.2 FINANCIAL PERFORMANCE
11.8.3 PRODUCT OUTLOOK
11.8.4 KEY DEVELOPMENTS

11.9 NOSCO, INCORPORATED
11.9.1 OVERVIEW
11.9.2 FINANCIAL PERFORMANCE
11.9.3 PRODUCT OUTLOOK
11.9.4 KEY DEVELOPMENTS

11.10 SALESFORCE
11.10.1 OVERVIEW
11.10.2 FINANCIAL PERFORMANCE
11.10.3 PRODUCT OUTLOOK
11.10.4 KEY DEVELOPMENTS

11.11 INNOCENTIVE
11.11.1 OVERVIEW
11.11.2 FINANCIAL PERFORMANCE
11.11.3 PRODUCT OUTLOOK
11.11.4 KEY DEVELOPMENTS

11.12 MEDALLIA
11.12.1 OVERVIEW
11.12.2 FINANCIAL PERFORMANCE
11.12.3 PRODUCT OUTLOOK
11.12.4 KEY DEVELOPMENTS

11.13 DELOITTE TOUCHE TOHMATSU LIMITED
11.13.1 OVERVIEW
11.13.2 FINANCIAL PERFORMANCE
11.13.3 PRODUCT OUTLOOK
11.13.4 KEY DEVELOPMENTS

11.14 BOSTON CONSULTING GROUP (BCG)
11.14.1 OVERVIEW
11.14.2 FINANCIAL PERFORMANCE
11.14.3 PRODUCT OUTLOOK
11.14.4 KEY DEVELOPMENTS

11.15 INNO360, INCORPORATED
11.15.1 OVERVIEW
11.15.2 FINANCIAL PERFORMANCE
11.15.3 PRODUCT OUTLOOK
11.15.4 KEY DEVELOPMENTS

11.16 IDEA DROP
11.16.1 OVERVIEW
11.16.2 FINANCIAL PERFORMANCE
11.16.3 PRODUCT OUTLOOK
11.16.4 KEY DEVELOPMENTS

11.17 ITONICS
11.17.1 OVERVIEW
11.17.2 FINANCIAL PERFORMANCE
11.17.3 PRODUCT OUTLOOK
11.17.4 KEY DEVELOPMENTS