Global Proposal Management Software Market to Reach $8.9 Billion by 2030
The global market for Proposal Management Software estimated at US$3.4 Billion in the year 2023, is expected to reach US$8.9 Billion by 2030, growing at a CAGR of 14.8% over the period 2023-2030. Proposal Management Software, one of the segments analyzed in the report, is expected to record 14.2% CAGR and reach US$5 Billion by the end of the analysis period. Growth in the Proposal Management Services segment is estimated at 15.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1 Billion, While China is Forecast to Grow at 14.2% CAGR
The Proposal Management Software market in the U.S. is estimated at US$1 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.5 Billion by the year 2030 trailing a CAGR of 14.2% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13% and 12.7% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 10.7% CAGR.
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