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Major companies operating in the innovation management industry are:
Accenture and SAP are dominating the innovation management industry. To grow in the market, these companies make plans and act. They run strong marketing campaigns, make their products better, and work hard to reach more customers. They also watch what their competitors are doing and quickly adapt to new trends. They focus on pleasing their customers to stand out and become bigger in the market.
In 2022, the software segment was over USD 1.1 billion as the software streamlines idea generation, collaboration, and project tracking, making innovation processes more efficient.
The market size of innovation management reached USD 1.6 billion in 2022 and is set to expand at a CAGR of 9% between 2023 and 2032, propelled by an increasing emphasis on innovation.
Accenture, Planview, Questel, SAP SE, Sopheon, Qmarkets, Brightidea, Planbox, HYPE Innovation, and IdeaScale.
North America market size was valued at 34% in 2022, as the region boasts a strong ecosystem of technology startups and established corporations, fostering a culture of innovation.