Techno World Innovation-Management-Market | Page 2

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.
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.
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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.
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
Key companies operating in the global innovation management market include Brightidea,
Incorporated, CogniStreamer, Crowdicity Ltd., Exago Inc., Hype Innovation, Inc., Ideascale,
Imaginatik PLC, Inno360, Inc., Innosabi GmbH, Planbox, Inc., Qmarkets, SAP SE and Spigit, Inc.
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