Innovation Management Market - Global
Industry Insights, Trends, Outlook, and
Opportunity Analysis, 2018–2026
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.
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Innovation Management Market Taxonomy
On the basis of vertical, the global innovation management market is segmented into:
•Aerospace & Defense
•Automotive & Manufacturing
•Banking, Financial Services, and Insurance
•Healthcare & Pharmaceuticals
•IT, Media, and Communication Technology
•Public Sector & Education
•Retail & Consumer Goods
•Transportation & Logistics
•Others
Among verticals, the retail & consumer goods segment holds a dominant position in the global
innovation management market. Increasing adoption of innovation management solutions by