Global Innovation Management Market worth USD 2,815.37 Million by 2024

Global Innovation Management Market worth USD 2,815.37 Million by 2024

Pune, India, October 22, 2018 -- /360iResearch/ -- The report "Global Innovation Management Market - Premium Insight, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2024 (Q3 2018 Update)", published by 360iResearch, states that the global market was valued at USD 351.20 million in 2016 and is projected to reach USD 2,815.37 million by 2024, growing at a CAGR of 29.72% from 2016 to 2024.

The major forces driving the growth of the innovation management market include the continuous innovation to gain competitive advantage and people driven innovation process. Moreover, improved employee engagement is also one of the factors that is driving the market growth. However limited ability to offer great user experience, and uncertain roi may hinder the market growth. In the middle of difficulty lies opportunity such as the automated innovation management process, and scalability and security of the innovation process. The possible challenges for the market growth are lack of organization support and innovation culture, and being blinded by science. But key players in the market are overcoming the challenges with continual improvement and innovation.

Based on industry, the global innovation management market is studied across Aerospace & Defense, Automotive & Transportation, 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 global innovation management market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.

The report features a competitive scenario of the innovation management market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are Brightidea, Inc., CogniStreamer SA, Exago, Inc., Glint Innovation, IdeaScale Corporation, Inno360, Inc., InnoCentive, Inc., Innovation Cloud, Inteum Co LLC, Oracle Corporation, Planbox, Inc., Propel PLM,, Ltd., Spigit, Inc., and Wazoku, Ltd..

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