Proposal Management Software Market
Growth Factors of Proposal Management Software Market
The Proposal Management Software market size was valued at USD 2.33 billion in 2023, and the market is now projected to grow from USD 2.59 billion in 2024 to USD 5.81 billion by 2032, exhibiting a CAGR of 12.2% during the forecast period of 2024-2032.
In the middle of the supply chain and market ruptures caused by the havoc of pandemic, the year 2021 started to turn the corner, and numerous companies were able to return to commerce as regular. Request for proposition (RFP) and deals recommendations, as well as income, begun to stream once more. The computer program empowered businesses to oversee income and handle time-sensitive RFPs in an individualized, convenient way. The computer program was made to assist clients progress the speed and adequacy of their proposition, coming about in more wins and more revenue-generating openings which further inflated the proposal management software market growth.
Integration with progressive advancements, ascribed as artificial intelligence (AI), upgrades the software's capacity to utilize auto-propagation capacities and reactions to supply quick answers to questions. The wide extend of tools and highlights accessible within the proposition administration permits businesses to effectively set up records in different report groups, counting MS Word. Proposition administration program permits clients to personalize their entries, which makes a difference to advance an organization's brand to potential clients around the globe.
As RFP competition was anticipated to skyrocket in 2021, the capacity to personalize proposition substance will be a key differentiator that helps organizations near bargains in future. The contribution towards tech and mechanization is as it were consistent as proposition and deals groups ended up more progressed, and as the group develops and shines the operations, proposition quality moves forward drastically. Clients anticipate more understanding and customization than ever some time recently.
Comprehensive Analysis of Proposal Management Software Market
The market on the deployment bifurcation, is partitioned into cloud and on-premises. The ruling segment cloud was playing on a rage as the work was shifting towards the cloud. On the setting of venture sort, the proposition administration program marketplace is dented into large ventures and Small and Mid-sized Enterprises (SMEs). The market structure was termed to take lead by the large enterprises segment. By industry, the advertise is categorized into BFSI, IT & telecom, retail and e-commerce, healthcare, instruction, government, fabricating, and others (media and entertainment). The market share of the government division overwhelmed the showcase.
In terms of proposal management software market share, the revenue holdings were calculated as USD 0.78 billion making the North American territory the dominant one in the global market. North America may be a region that's open to receiving unused innovations. Moreover, due to its solid monetary position, North America has the opportunity to contribute intensely to embracing the foremost up-to-date and cutting-edge apparatuses and advances to guarantee effective trade operations.
Best market players center on a few item headways, securing methodologies and associations. A few of the driving companies are Xait (Norway), Deltek Inc. (U.S.), QorusDocs Ltd. (U.S.), Conga Inc. (U.S.), Sofon B.V.) The Netherland), Icertis Solutions Pvt. Ltd. (U.S.), GetAceept Inc. (U.S.), Salesforce Inc. (U.S.), Nusii Proposal S.L. (Spain), PandaDoc Inc. (Poland) and others. These strategies will bolster companies in boosting their worldwide nearness and giving flighty administrations to end-users or businesses.
In September 2023, the company Icertis propelled Icertis GovCon, an AI-driven contract insights arrangement outlined for endeavors serving the U.S. Government Government. Icertis GovGon makes a difference commerce advancement groups create more effective capture plans, screen opportunity pipelines, and make recommendations that progress contract win rates with a standardized stage and up-to-date dashboards.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2017–2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023–2030
Historical Period 2017–2021
Growth Rate CAGR of 12.2% from 2023 to 2030
Unit Value (USD billion)
Segmentation By Deployment
Cloud
On-premises
By Enterprise Type
Small and Mid-sized Enterprises (SMEs)
Large Enterprises
By Industry
BFSI
IT & Telecom
Retail and E-commerce
Healthcare
Education
Government
Manufacturing
Others (Media and Entertainment)
By Region
North America (By Deployment, By Enterprise Type, By Industry, and By Country)
- U.S. (By Industry)
- Canada (By Industry)
- Mexico (By Industry)
- Brazil (By Industry)
- Argentina (By Industry)
- Rest of South America
- U.K. (By Industry)
- Germany (By Industry)
- France (By Industry)
- Italy (By Industry)
- Spain (By Industry)
- Russia (By Industry)
- Benelux (By Industry)
- Nordics (By Industry)
- Rest of Europe
- Turkey (By Industry)
- Israel (By Industry)
- GCC (By Industry)
- North Africa (By Industry)
- South Africa (By Industry)
- Rest of the Middle East & Africa
- China (By Industry)
- India (By Industry)
- Japan (By Industry)
- South Korea (By Industry)
- ASEAN (By Industry)
- Oceania (By Industry)
- Rest of Asia Pacific
Please Note: It will take 5-6 business days to complete the report upon order confirmation.
- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 3.3. Impact of COVID-19
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Global Proposal Management Software Key Players Market Share/Ranking, 2022
- 5. Global Proposal Management Software Market Size Estimates and Forecasts, By Segments, 2017-2030
- 5.1. Key Findings
- 5.2. By Deployment (USD)
- 5.2.1. Cloud
- 5.2.2. On-premises
- 5.3. By Enterprise Type (USD)
- 5.3.1. Small and Mid-sized Enterprises (SMEs)
- 5.3.2. Large Enterprises
- 5.4. By Industry (USD)
- 5.4.1. BFSI
- 5.4.2. IT & Telecom
- 5.4.3. Retail and E-commerce
- 5.4.4. Healthcare
- 5.4.5. Education
- 5.4.6. Government
- 5.4.7. Manufacturing
- 5.4.8. Others (Media and Entertainment, etc.)
- 5.5. By Region (USD)
- 5.5.1. North America
- 5.5.2. South America
- 5.5.3. Europe
- 5.5.4. Middle East & Africa
- 5.5.5. Asia Pacific
- 6. North America Proposal Management Software Market Size Estimates and Forecasts, By Segments, 2017-2030
- 6.1. Key Findings
- 6.2. By Deployment (USD)
- 6.2.1. Cloud
- 6.2.2. On-premises
- 6.3. By Enterprise Type (USD)
- 6.3.1. Small and Mid-sized Enterprises (SMEs)
- 6.3.2. Large Enterprises
- 6.4. By Industry (USD)
- 6.4.1. BFSI
- 6.4.2. IT & Telecom
- 6.4.3. Retail and E-commerce
- 6.4.4. Healthcare
- 6.4.5. Education
- 6.4.6. Government
- 6.4.7. Manufacturing
- 6.4.8. Others (Media and Entertainment, etc.)
- 6.5. By Country (USD)
- 6.5.1. United States
- 6.5.1.1. By Industry
- 6.5.2. Canada
- 6.5.2.1. By Industry
- 6.5.3. Mexico
- 6.5.3.1. By Industry
- 7. South America Proposal Management Software Market Size Estimates and Forecasts, By Segments, 2017-2030
- 7.1. Key Findings
- 7.2. By Deployment (USD)
- 7.2.1. Cloud
- 7.2.2. On-premises
- 7.3. By Enterprise Type (USD)
- 7.3.1. Small and Mid-sized Enterprises (SMEs)
- 7.3.2. Large Enterprises
- 7.4. By Industry (USD)
- 7.4.1. BFSI
- 7.4.2. IT & Telecom
- 7.4.3. Retail and E-commerce
- 7.4.4. Healthcare
- 7.4.5. Education
- 7.4.6. Government
- 7.4.7. Manufacturing
- 7.4.8. Others (Media and Entertainment, etc.)
- 7.5. By Country (USD)
- 7.5.1. Brazil
- 7.5.1.1. By Industry
- 7.5.2. Argentina
- 7.5.2.1. By Industry
- 7.5.3. Rest of South America
- 8. Europe Proposal Management Software Market Size Estimates and Forecasts, By Segments, 2017-2030
- 8.1. Key Findings
- 8.2. By Deployment (USD)
- 8.2.1. Cloud
- 8.2.2. On-premises
- 8.3. By Enterprise Type (USD)
- 8.3.1. Small and Mid-sized Enterprises (SMEs)
- 8.3.2. Large Enterprises
- 8.4. By Industry (USD)
- 8.4.1. BFSI
- 8.4.2. IT & Telecom
- 8.4.3. Retail and E-commerce
- 8.4.4. Healthcare
- 8.4.5. Education
- 8.4.6. Government
- 8.4.7. Manufacturing
- 8.4.8. Others (Media and Entertainment, etc.)
- 8.5. By Country (USD)
- 8.5.1. United Kingdom
- 8.5.1.1. By Industry
- 8.5.2. Germany
- 8.5.2.1. By Industry
- 8.5.3. France
- 8.5.3.1. By Industry
- 8.5.4. Italy
- 8.5.4.1. By Industry
- 8.5.5. Spain
- 8.5.5.1. By Industry
- 8.5.6. Russia
- 8.5.6.1. By Industry
- 8.5.7. Benelux
- 8.5.7.1. By Industry
- 8.5.8. Nordics
- 8.5.8.1. By Industry
- 8.5.9. Rest of Europe
- 9. Middle East & Africa Proposal Management Software Market Size Estimates and Forecasts, By Segments, 2017-2030
- 9.1. Key Findings
- 9.2. By Deployment (USD)
- 9.2.1. Cloud
- 9.2.2. On-premises
- 9.3. By Enterprise Type (USD)
- 9.3.1. Small and Mid-sized Enterprises (SMEs)
- 9.3.2. Large Enterprises
- 9.4. By Industry (USD)
- 9.4.1. BFSI
- 9.4.2. IT & Telecom
- 9.4.3. Retail and E-commerce
- 9.4.4. Healthcare
- 9.4.5. Education
- 9.4.6. Government
- 9.4.7. Manufacturing
- 9.4.8. Others (Media and Entertainment, etc.)
- 9.5. By Country (USD)
- 9.5.1. Turkey
- 9.5.1.1. By Industry
- 9.5.2. Israel
- 9.5.2.1. By Industry
- 9.5.3. GCC
- 9.5.3.1. By Industry
- 9.5.4. North Africa
- 9.5.4.1. By Industry
- 9.5.5. South Africa
- 9.5.5.1. By Industry
- 9.5.6. Rest of MEA
- 10. Asia Pacific Proposal Management Software Market Size Estimates and Forecasts, By Segments, 2017-2030
- 10.1. Key Findings
- 10.2. By Deployment (USD)
- 10.2.1. Cloud
- 10.2.2. On-premises
- 10.3. By Enterprise Type (USD)
- 10.3.1. Small and Mid-sized Enterprises (SMEs)
- 10.3.2. Large Enterprises
- 10.4. By Industry (USD)
- 10.4.1. BFSI
- 10.4.2. IT & Telecom
- 10.4.3. Retail and E-commerce
- 10.4.4. Healthcare
- 10.4.5. Education
- 10.4.6. Government
- 10.4.7. Manufacturing
- 10.4.8. Others (Media and Entertainment, etc.)
- 10.5. By Country (USD)
- 10.5.1. China
- 10.5.1.1. By Industry
- 10.5.2. India
- 10.5.2.1. By Industry
- 10.5.3. Japan
- 10.5.3.1. By Industry
- 10.5.4. South Korea
- 10.5.4.1. By Industry
- 10.5.5. ASEAN
- 10.5.5.1. By Industry
- 10.5.6. Oceania
- 10.5.6.1. By Industry
- 10.5.7. Rest of Asia Pacific
- 11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
- 11.1. QorusDocs Ltd.
- 11.1.1. Overview
- 11.1.1.1. Key Management
- 11.1.1.2. Headquarters
- 11.1.1.3. Offerings/Business Segments
- 11.1.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.1.2.1. Employee Size
- 11.1.2.2. Past and Current Revenue
- 11.1.2.3. Geographical Share
- 11.1.2.4. Business Segment Share
- 11.1.2.5. Recent Developments
- 11.2. Xait
- 11.2.1. Overview
- 11.2.1.1. Key Management
- 11.2.1.2. Headquarters
- 11.2.1.3. Offerings/Business Segments
- 11.2.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.2.2.1. Employee Size
- 11.2.2.2. Past and Current Revenue
- 11.2.2.3. Geographical Share
- 11.2.2.4. Business Segment Share
- 11.2.2.5. Recent Developments
- 11.3. Conga Inc.
- 11.3.1. Overview
- 11.3.1.1. Key Management
- 11.3.1.2. Headquarters
- 11.3.1.3. Offerings/Business Segments
- 11.3.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.3.2.1. Employee Size
- 11.3.2.2. Past and Current Revenue
- 11.3.2.3. Geographical Share
- 11.3.2.4. Business Segment Share
- 11.3.2.5. Recent Developments
- 11.4. Icertis Solutions Pvt. Ltd.
- 11.4.1. Overview
- 11.4.1.1. Key Management
- 11.4.1.2. Headquarters
- 11.4.1.3. Offerings/Business Segments
- 11.4.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.4.2.1. Employee Size
- 11.4.2.2. Past and Current Revenue
- 11.4.2.3. Geographical Share
- 11.4.2.4. Business Segment Share
- 11.4.2.5. Recent Developments
- 11.5. Deltek Inc.
- 11.5.1. Overview
- 11.5.1.1. Key Management
- 11.5.1.2. Headquarters
- 11.5.1.3. Offerings/Business Segments
- 11.5.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.5.2.1. Employee Size
- 11.5.2.2. Past and Current Revenue
- 11.5.2.3. Geographical Share
- 11.5.2.4. Business Segment Share
- 11.5.2.5. Recent Developments
- 11.6. GetAccept Inc.
- 11.6.1. Overview
- 11.6.1.1. Key Management
- 11.6.1.2. Headquarters
- 11.6.1.3. Offerings/Business Segments
- 11.6.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.6.2.1. Employee Size
- 11.6.2.2. Past and Current Revenue
- 11.6.2.3. Geographical Share
- 11.6.2.4. Business Segment Share
- 11.6.2.5. Recent Developments
- 11.7. Sofon B.V.
- 11.7.1. Overview
- 11.7.1.1. Key Management
- 11.7.1.2. Headquarters
- 11.7.1.3. Offerings/Business Segments
- 11.7.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.7.2.1. Employee Size
- 11.7.2.2. Past and Current Revenue
- 11.7.2.3. Geographical Share
- 11.7.2.4. Business Segment Share
- 11.7.2.5. Recent Developments
- 11.8. Nusii Proposal S.L.
- 11.8.1. Overview
- 11.8.1.1. Key Management
- 11.8.1.2. Headquarters
- 11.8.1.3. Offerings/Business Segments
- 11.8.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.8.2.1. Employee Size
- 11.8.2.2. Past and Current Revenue
- 11.8.2.3. Geographical Share
- 11.8.2.4. Business Segment Share
- 11.8.2.5. Recent Developments
- 11.9. PandaDoc Inc.
- 11.9.1. Overview
- 11.9.1.1. Key Management
- 11.9.1.2. Headquarters
- 11.9.1.3. Offerings/Business Segments
- 11.9.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.9.2.1. Employee Size
- 11.9.2.2. Past and Current Revenue
- 11.9.2.3. Geographical Share
- 11.9.2.4. Business Segment Share
- 11.9.2.5. Recent Developments
- 11.10. Salesforce, Inc.
- 11.10.1. Overview
- 11.10.1.1. Key Management
- 11.10.1.2. Headquarters
- 11.10.1.3. Offerings/Business Segments
- 11.10.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.10.2.1. Employee Size
- 11.10.2.2. Past and Current Revenue
- 11.10.2.3. Geographical Share
- 11.10.2.4. Business Segment Share
- 11.10.2.5. Recent Developments
- 12. Key Takeaways
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook