Christy Publications Innovation Management Market | Seite 2

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.
On the basis of application, the global innovation management market is segmented into:
•Collective Intelligence & Prediction Platforms
•Human Resource Platforms
•Marketing, Design, and Idea Platforms
•Product Research & Development Platforms
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.
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On the basis of deployment model, the global innovation management market is segmented into:
•Cloud-based model
•On-premises model
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.
On the basis of organization size, the global innovation management market is segmented into:
•Large Enterprises
•Small & Medium Enterprises
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 revenue type, the global innovation management market is segmented into:
•Software
•Services
North America holds the largest market share of the global innovation management market
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.
Key companies of global innovation management market