North America Innovation Management Market Size, Share & Industry Trends Analysis Report By Component (Services (Professional Services, Managed Services), and Solution), By Function, By Tools, By Vertical, By Country and Growth Forecast, 2023 - 2030
The North America Innovation Management Market would witness market growth of 8.9% CAGR during the forecast period (2023-2030).
The impact of risk mitigation on the demand for innovation management is significant and underscores the vital role that innovation management solutions play in managing and reducing the inherent risks associated with the innovation process. Innovation often involves substantial financial investments in research, development, and market entry. Effective innovation management helps organizations assess the financial feasibility of innovation projects and allocate resources efficiently. By identifying potential risks and challenges early in the process, innovation management solutions help organizations avoid costly failures.
Digital innovation management platforms provide the ability to adapt to emerging risks and challenges quickly. As innovation projects progress, unforeseen risks may arise. Innovation management solutions allow organizations to adjust their strategies and risk mitigation plans in real time, ensuring that innovation projects stay on course. This adaptability in risk management has become more critical in today's rapidly changing business environment.
North America is a very open and competitive market for adopting innovation management systems across healthcare, IT, aerospace, and manufacturing industries. It is the region where innovation management strategies are adopted the quickest. Recent technological advancements have been well received, such as combining mobile, cloud, and AI technologies with traditional innovation management systems.
The US market dominated the North America Innovation Management Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $604.3 million by 2030. The Canada market is experiencing a CAGR of 11.4% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 10.4% during (2023 - 2030).
Based on Component, the market is segmented into Services (Professional Services, Managed Services), and Solution. Based on Function, the market is segmented into Product Development, and Business Processes. Based on Tools, the market is segmented into Project Management Platforms, Marketing Platforms, Design Platforms, Idea Management Platforms, Collective Intelligence & Prediction Platforms, Human Resources Platforms, and Others. Based on Vertical, the market is segmented into IT & ITeS, Manufacturing, Transportation, Energy & Utilities, BFSI, Retail & Ecommerce, Healthcare & Lifesciences, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Accenture PLC, Planview, Inc., SAP SE, Salesforce, Inc., Boston Consulting Group, Medallia, Inc. (Thoma Bravo), Deloitte Touche Tohmatsu Limited, HYPE Softwaretechnik GmbH (HYPE Innovation) (Main Capital Partners), IdeaScale, and InnovationCast
Scope of the Study
Market Segments covered in the Report:
By Component
- Services
- Professional Services
- Managed Services
- Solution
- Product Development
- Business Processes
- Project Management Platforms
- Marketing Platforms
- Design Platforms
- Idea Management Platforms
- Collective Intelligence & Prediction Platforms
- Human Resources Platforms
- Others
- IT & ITeS
- Manufacturing
- Transportation
- Energy & Utilities
- BFSI
- Retail & Ecommerce
- Healthcare & Lifesciences
- Others
- US
- Canada
- Mexico
- Rest of North America
- Accenture PLC
- Planview, Inc.
- SAP SE
- Salesforce, Inc.
- Boston Consulting Group
- Medallia, Inc. (Thoma Bravo)
- Deloitte Touche Tohmatsu Limited
- HYPE Softwaretechnik GmbH (HYPE Innovation) (Main Capital Partners)
- IdeaScale
- InnovationCast
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- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Innovation Management Market, by Component
- 1.4.2 North America Innovation Management Market, by Function
- 1.4.3 North America Innovation Management Market, by Tools
- 1.4.4 North America Innovation Management Market, by Vertical
- 1.4.5 North America Innovation Management Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- Chapter 4. Competition Analysis – Global
- 4.1 Market Share Analysis, 2022
- 4.2 Porter’s Five Force Analysis
- Chapter 5. North America Innovation Management Market by Component
- 5.1 North America Services Market by Region
- 5.2 North America Innovation Management Market by Services Type
- 5.2.1 North America Professional Services Market by Country
- 5.2.2 North America Managed Services Market by Country
- 5.3 North America Solution Market by Region
- Chapter 6. North America Innovation Management Market by Function
- 6.1 North America Product Development Market by Country
- 6.2 North America Business Processes Market by Country
- Chapter 7. North America Innovation Management Market by Tools
- 7.1 North America Project Management Platforms Market by Country
- 7.2 North America Marketing Platforms Market by Country
- 7.3 North America Design Platforms Market by Country
- 7.4 North America Idea Management Platforms Market by Country
- 7.5 North America Collective Intelligence & Prediction Platforms Market by Country
- 7.6 North America Human Resources Platforms Market by Country
- 7.7 North America Others Market by Country
- Chapter 8. North America Innovation Management Market by Vertical
- 8.1 North America IT & ITeS Market by Country
- 8.2 North America Manufacturing Market by Country
- 8.3 North America Transportation Market by Country
- 8.4 North America Energy & Utilities Market by Country
- 8.5 North America BFSI Market by Country
- 8.6 North America Retail & Ecommerce Market by Country
- 8.7 North America Healthcare & Lifesciences Market by Country
- 8.8 North America Others Market by Country
- Chapter 9. North America Innovation Management Market by Country
- 9.1 US Innovation Management Market
- 9.1.1 US Innovation Management Market by Component
- 9.1.1.1 US Innovation Management Market by Services Type
- 9.1.2 US Innovation Management Market by Function
- 9.1.3 US Innovation Management Market by Tools
- 9.1.4 US Innovation Management Market by Vertical
- 9.2 Canada Innovation Management Market
- 9.2.1 Canada Innovation Management Market by Component
- 9.2.1.1 Canada Innovation Management Market by Services Type
- 9.2.2 Canada Innovation Management Market by Function
- 9.2.3 Canada Innovation Management Market by Tools
- 9.2.4 Canada Innovation Management Market by Vertical
- 9.3 Mexico Innovation Management Market
- 9.3.1 Mexico Innovation Management Market by Component
- 9.3.1.1 Mexico Innovation Management Market by Services Type
- 9.3.2 Mexico Innovation Management Market by Function
- 9.3.3 Mexico Innovation Management Market by Tools
- 9.3.4 Mexico Innovation Management Market by Vertical
- 9.4 Rest of North America Innovation Management Market
- 9.4.1 Rest of North America Innovation Management Market by Component
- 9.4.1.1 Rest of North America Innovation Management Market by Services Type
- 9.4.2 Rest of North America Innovation Management Market by Function
- 9.4.3 Rest of North America Innovation Management Market by Tools
- 9.4.4 Rest of North America Innovation Management Market by Vertical
- Chapter 10. Company Profiles
- 10.1 Accenture PLC
- 10.1.1 Company Overview
- 10.1.2 Financial Analysis
- 10.1.3 Segmental and Regional Analysis
- 10.1.4 Research & Development Expenses
- 10.1.5 Recent strategies and developments:
- 10.1.5.1 Acquisition and Mergers:
- 10.1.6 SWOT Analysis
- 10.2 Planview, Inc.
- 10.2.1 Company Overview
- 10.2.2 SWOT Analysis
- 10.3 SAP SE
- 10.3.1 Company Overview
- 10.3.2 Financial Analysis
- 10.3.3 Segmental and Regional Analysis
- 10.3.4 Research & Development Expense
- 10.3.5 Recent strategies and developments:
- 10.3.5.1 Partnerships, Collaborations, and Agreements:
- 10.3.6 SWOT Analysis
- 10.4 Salesforce, Inc.
- 10.4.1 Company Overview
- 10.4.2 Financial Analysis
- 10.4.3 Regional Analysis
- 10.4.4 Research & Development Expense
- 10.4.5 Recent strategies and developments:
- 10.4.5.1 Product Launches and Product Expansions:
- 10.4.6 SWOT Analysis
- 10.5 Boston Consulting Group
- 10.5.1 Company Overview
- 10.5.2 SWOT Analysis
- 10.6 Medallia, Inc. (Thoma Bravo)
- 10.6.1 Company Overview
- 10.6.2 SWOT Analysis
- 10.7 Deloitte Touche Tohmatsu Limited
- 10.7.1 Company Overview
- 10.7.2 SWOT Analysis
- 10.8 HYPE Softwaretechnik GmbH (HYPE Innovation) (Main Capital Partners)
- 10.8.1 Company Overview
- 10.8.2 SWOT Analysis
- 10.9 IdeaScale
- 10.9.1 Company Overview
- 10.9.2 SWOT Analysis
- 10.10. InnovationCast
- 10.10.1 Company Overview
- 10.10.2 SWOT Analysis
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