Global Proposal Management Software Market is valued approximately at USD 1.31 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 14.5% over the forecast period 2019-2026. The proposal management software aims at automating the primary proposal management operations for improved sales results. The growth in the proposal management software market is attributed to the increase in popularity of cloud-based technologies. Further, growing focus on developing smart factories is expected to drive the market growth. For instance, Audi invested over €1 billion, GE invested USD 200 million and Faurecia’s invested € 57 million for the development of their smart plants.
Moreover, increasing need to build a product innovation platform to support proposal management software-enabled applications is a major factor expected to drive the market growth over the forecast period. Growing demand among small and mid-size enterprises (SMES) creates growth opportunities for proposal management software market in future. Also, initiatives to protect environment from organizations to reduce paper use and wastage is expected to boost the software sales. However, privacy and security concerns for business processes and confidential data are few factors anticipated to hinder the growth of global proposal management software market during the forecast period.
The regional analysis of global Proposal Management Software Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to countries such as North America and Canada region due to its openness to the adoption of new and emerging technologies. Moreover, its robust financial position allows it to spend heavily in the adoption of the latest tools and technologies for ensuring valuable business operations.
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Major market player included in this report are:
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Enterprise Size:
Small and Medium-Sized Enterprises
By Deployment Type:
Retail and Ecommerce
Healthcare and Life Sciences
Banking, Financial Services and Insurance
Transportation and Logistics
IT and Telecom
Rest of the World