Innovation Management Market
                     Innovation Management Market key vendors, trends, analysis, segmentation, forecast to 2026 
Market Overview 
Innovation management is a set of tools that enables managers and engineers to cooperate with a 
common understanding of processes and goals. This management system refers innovations for 
business processes, products, and industrial operations. Various organizations are increasingly adopting 
innovation management software and solutions to innovate or improve their existing products, 
depending on the specific demand of customers. Moreover, growing demand for open or crowdsourcing 
innovations and increasing demand for innovative products is expected to increase growth of the 
innovation management market globally. 
Among verticals, the retail & consumer goods segment holds a dominant position in the global 
innovation management market. Increasing adoption of innovation management solutions by retailers 
to help improve distribution or sales of the product and innovate new business ideas, which helps to 
improve the customer relations. This in turn, is boosting demand for innovation management. Moreover 
the healthcare and pharmaceutical segment is projected to grow with significantly over the forecast 
period due to changing patient demand and digitalization. 
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Market Dynammics 
Among applications, the product research & development platforms segment holds a dominant position 
in the global innovation management market. Increasing demand for advanced product and changing 
requirement of the customers is influencing companies to adopt innovation management solutions to 
innovate new product. Moreover, the collective intelligence & prediction platforms segment is expected 
to exhibit significant growth, owing to open and crowdsourcing innovation to help generate new ideas. 
Among deployment model, the cloud-based model is expected witness highest growth during the 
forecast period, owing to low cost in terms of maintenance, licensing, and deployment, allowing remote 
location access, in turn, boosting demand for cloud-based innovation management market globally. 
The Small & Medium Enterprises segment is expected to hold the largest market share during the 
forecast period. These enterprises majorly focus on improvement to suffice the demand for their 
customers, in turn increasingly adopting innovation management software and solutions. 
On the basis of geography, global innovation management market is segmented into North America, 
Europe, Asia Pacific, Latin America, Middle East, and Africa. North America held a dominant position in 
2016 and is projected to retain its dominance throughout the forecast period. Due to the strong 
presence of solution providers, highly adoption of new technology, and internet infrastructure, the 
market is expected to witness substantial growth in the region. 
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Key companies operating in the global innovation management market include Brightidea, 
Incorporated, CogniStreamer, Crowdicity Ltd., Exago Inc., Hype Innovation, Inc., Ideascale, Imaginatik 
PLC, Inno360, Inc., Innosabi GmbH, Planbox, Inc., Qmarkets, SAP SE and Spigit, Inc. 
 
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