What Has Been the Growth of the Strategy Management Software Market So Far?
The strategy management software market has seen considerable growth due to a variety of factors.
• The market size for strategy management software has seen significant expansion in the past few years. The forecast suggests an upsurge from $2.79 billion in 2024 to $3.16 billion in 2025, registering a compound annual growth rate (CAGR) of 13.3%.
The historic development can be traced back to the growing concentration on strategic design and implementation, the emergence of project management and OKR (objectives and key results) frameworks, swift digitization and the incorporation of cutting-edge technologies, rising demand for efficient time control, scalability, and adaptability, and an heightened focus on strategic planning and execution.
What Are the Future Growth Projections for the Strategy Management Software Market?
The strategy management software market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, a sharp rise is anticipated in the market size of strategy management software, with expectation to reach $5.27 billion in 2029 at a Compound Annual Growth Rate (CAGR) of 13.6%.
The expected growth during the forecast period is due to increasing competition and customer disruption, heightened focus of businesses on enhancing efficiency and maintaining openness, as well as a growing need for strategy management software across various sectors. The increasing need for businesses to have a central administration system is also driving the growth. Key developing trends during the forecast period include continuous progression in the realm of artificial intelligence, technological advancements, the adoption of cloud-based solutions, focus on employee engagement, and product innovation.
What Are The Core Factors Supporting Growth In The Strategy Management Software Market?
The strategy management software market is predicted to expand significantly due to the escalating need for remote work. Remote work, also referred to as telecommuting or telework, is the ability to perform tasks outside the traditional office environment, typically from a location not directly linked to the employer's primary workspace. By enabling organizations to perform strategic planning and meetings virtually, remote work eliminates the necessity for physical travel, accommodating team members located at differing locations. Strategy management software props up remote crews to execute these sessions efficiently by offering a collective platform for discussion, idea proliferation, and decision-making. As an example, Upwork Inc., an American freelancing platform, predicted in August 2023 that approximately 22%, or 36.2 million, of American workers are anticipated to be working from home by 2025. As a result, the surging requirement for remote work is fuelling the growth of the strategy management software market.
What Are The Major Segments Within The Global Strategy Management Software Market?
The strategy management software market covered in this report is segmented –
1) By Type: Cloud-Based, On-Premise
2) By Component: Solutions, Services
3) By Platform: Mobile Devices, Desktops
4) By End-user: Banking, Financial Services and Insurance (BFSI), Automobile, Healthcare, Government, Logistics and Transportation, Manufacturing, Media and Entertainment, Information Technology and Telecom
Subsegments:
1) By Cloud-Based: Public Cloud, Private Cloud, Hybrid Cloud
2) By On-Premise: Installed Software, Licensed Software
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Which Emerging Market Trends Are Altering The Strategy Management Software Industry?
In an effort to deliver reliable services to their clients, leading corporations within the strategy management software marketplace are focusing on creating strategic partnerships. Such partnerships are mutually beneficial alliances between two or more bodies, typically businesses. For example, in March 2022, The International Business Machines Corporation (IBM), an American tech firm, teamed up with Flexera Software LLC, an American computer software firm, to introduce AIOps Solutions that further enhance AI-powered automation strategy. IBM AIOps bolsters businesses by ensuring application performance while cutting down IT costs. AIOps Solutions harness AI capabilities such as anomaly detection, predictive analytics, and event correlation to enhance the effectiveness and efficiency of IT operations. They achieve this by identifying patterns, automatically pinpointing and solving IT operation problems, and providing insights to improve IT operations, all while facilitating the augmentation of routine tasks and procedures.
Who Are the Key Players In The Strategy Management Software Market?
Major companies operating in the strategy management software market report are:
• United Parcel Service Inc.
• Accenture Plc
• Kuehne + Nagel International AG
• Oracle Corporation
• SAP SE
• Schenker AG
• C.H. Robinson Worldwide Inc.
• Tagetik Software Srl
• Werner Enterprises Inc.
• Rhythm Systems
• Kaufman Dolowich & Voluck LLP
• JDA Software Inc.
• Hall and Associates
• Planview Inc.
• BluJay Solutions Inc.
• Ceva Logistics Inc.
• MercuryGate International Inc.
• Prophix Software Inc.
• McLeod Software
• Riege Software International GmbH
• Responsis Pty Ltd.
• SmartDraw Software LLC
• Logisuite Corporation
• Envisio Solutions Inc.
• M3 Planning Inc.
• Linbis Inc.
• Footage Firm Inc.
What Is The Most Dominant Region In The Strategy Management Software Market?
North America was the largest region in the strategy management software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the strategy management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
