Americas Innovation Management Market worth USD 1,049.19 Million by 2023

The report "Americas Innovation Management Market - Trends Analysis, Product Usability Profiles & Forecasts to 2023", published by 360iResearch, states that the americas market was valued at USD 174.32 million in 2016 and is projected to reach USD 1,049.19 million by 2023, growing at a CAGR of 29.23% from 2016 to 2023.

The major forces driving the growth of the innovation management market include the need to deploy efficient idea management process and adoption of collaborative idea management. However certain factors such as the lack of engagement and motivation among end-users may hinder the market growth. In the middle of difficulty lies opportunity such as the innovation cloud. The possible challenges for the market growth is lack of commitment to flourish the idea exploitation process. But key players in the market are overcoming the challenges with continual improvement and innovation.

Based on industry, the americas innovation management market is studied across aerospace & defense, automotive & transportation & logistics, banking, financial services & insurance, building, construction & real estate, consumer goods & retail, education, energy & utilities, government & public sector, healthcare & life sciences, information technology, manufacturing, media & entertainment, telecommunication, and travel & hospitality. Based on geography, the americas innovation management market is studied across United States, Brazil, Canada, Mexico, and Argentina.

The report features a competitive scenario of the innovation management market and provides inclusive analysis of key growth strategies adopted by major players. Key products profiled in the study are Brightidea Platform, Direct Care Innovations, Exago Smart, IdeaScale, Inteum, Oracle Innovation Management Cloud, PropelPLM Suite, Qmarkets Innovation Management Solutions, SPIGIT Idea Management, and inno360 Enterprise Innovation Management Platform.

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