Asia Newswire and Press release service
About Us | Contact Us

 


Asia News & Press Release Distribution

Home | News Headlines | Press Release Distribution

Unlimited Press Release Distribution

Unlimited press release service

News Media

Asia One
Asia Correspondent
Asian Image
Asia Times
Asia Today
Asianews.it
China.org
CNN Asia
BBC Asia
Channel News Asia
Financial Times
India Express
IRIN News
Weird Asia News
Digi Times
Japan Times
The Chosun Ilbo, Korea
Today Online
Tech Asia
Telecom Asia
The Economist, Asia
The WSJ, Asia
The Straits Times
UCANews.com
Yahoo Asia
Yohap News Agency

Asia Newsire: Press releases on Asia

Innovation Management Market to Witness Robust Expansion throughout the Forecast Period 2020-2025

(AsiaNewsWire.Net, March 25, 2021 ) According to a research report "Innovation Management Market by Function (Product Development & Business Processes), Type (Solutions & Services), Deployment Mode, Enterprise Size, Vertical (Healthcare & Pharmaceuticals, IT & Telecommunications), and Region - Global Forecast to 2025", published by MarketsandMarkets, the global innovation management market size to grow from USD 918 million in 2020 to USD 1,663 million by 2025, at a Compound Annual Growth Rate (CAGR) of 12.6% during the forecast period.

The major growth factors for the market include the increasing demand for crowdsourcing innovation across verticals and changing work culture in enterprises. However, the mindset of leaders towards traditional approaches may restrain the market growth.

Browse
• 114 market data Tables
• 36 Figures
• 164 Pages

Download PDF Brochure - https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=238981272

IT and telecommunications vertical to hold the largest market size during the forecast period

The innovation management market is segregated into various verticals, including aerospace and defense, Banking, Financial Services, and Insurance (BFSI), healthcare and pharmaceuticals, government, retail and eCommerce, IT and telecommunications, manufacturing, transportation and logistics, and others (education, media and entertainment, legal, construction, agriculture, energy and utilities, and Non Profit Organizations [NPOs]). These verticals are expected to witness high adoption of innovation management solutions to achieve benefits, such as optimized storage information resources, lower risks, improved enterprise efficiency, and transparency in innovation of enterprises.

Among these verticals, the IT and telecommunications vertical is expected to grow at the highest growth rate, due to the growing need for creative and innovative ideas is considered important for the growth of the IT and telecommunications vertical. Also, new and innovative ideas for this vertical have led telcos from all regions to engage themselves in activities Within or outside their companies.

System integration segment to hold the highest market share during the forecast period

The type segment of the innovation management market is subsegmented into solutions and services. The services segment is further segmented into consulting; system integration; and training, support, and maintenance. Among these services, the system integration segment is expected to hold the highest market share during the forecast period. These services efficiently implement and integrate Innovation management solutions with existing IT infrastructure systems. Moreover, they cater to the integration of essential software to assemble scattered systems of devices that remain effectually linked to IT infrastructures.

Asia Pacific to grow at the highest growth rate during the forecast period
Asia Pacific (APAC) is expected to grow at the highest growth rate in the global innovation management market. Many countries in APAC are increasingly moving toward the digitalization of their processes, resulting in a larger generation of data. There is a rise in competition in the innovation management market, due to the increasing enterprise information by large enterprises as well as Small and Medium-sized Enterprises (SMEs). Innovation management solutions are playing an important role in addressing the demand for storage devices and reducing the cost of IT infrastructure.

The major innovation management vendors operating in the market include Accenture (Ireland), SAP (Germany), Sopheon (US), Planview (US), Qmarkets (Israel), Brightidea (US), Planbox (Canada), HYPE (Germany), IdeaScale (US), innosabi (Germany), Viima (Finland), Exago (Portugal), inno360 (US), KPMG (Netherlands), InnovationCast (Portugal), Nosco (Denmark), Salesforce (US), and InnoCentive (US).

Request Sample - https://www.marketsandmarkets.com/requestsampleNew.asp?id=238981272


MarketsandMarkets™

Mr. Aashish Mehra

1-888-600-6441

raviraj.tak@marketsandmarkets.com

Source: EmailWire.Com


Asia News by Country
  • North Korea
  • South Korea
  • Laos
  • Lebanon
  • Malaysia
  • Maldives
  • Mongolia
  • Nepal
  • Oman
  • Pakistan
  • Philippines
  • Qatar
  • Russia
  • Saudi Arabia
  • Singapore
  • Sri Lanka
  • Syria
  • Taiwan
  • Vietnam


  • Asia Marketplace

    Press release service Unlimited press release service

    For unlimited press release distribution for $99 per month, call (281) 645-4086 or start posting your press releases online at EmailWire.com.
    Copyright 2007 GroupWeb Media LLC
    GroupWeb Media Network

    Aviation-NewsWire | ArtNewsWire | Auction NewsWire | CRM NewsWire | ePhotoNewsWire | Energy Industry | EstateNewsWire | Entertainment-NewsWire.com | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | i-Homeland Security.Com | iMac-NewsWire.Com | i-Press-Release-Service | i-SoftwareNews.com | iT-NewsWire.Com
    | i-TravelNewsWire.Com | MoneyNewsWire.Net | Movie-Stars-News.Com | MSNewsWire.Net | PharmaNewsWire.Com | Publishing-NewsWire.Com | RSSNewsWire.Net | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com | VoIPNewsWire.Net | XSportsWorld.Net
    AsiaNewswire.Net - Newswire and Press Release service of GroupWeb Media LLC