The award management software market share should rise by USD 235.37 million from 2021 to 2025 at a CAGR of 8.21%.
This award management software market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by technology (cloud and on-premise) and geography (North America, Europe, APAC, South America, and MEA). The award management software market report also offers information on several market vendors, including AwardStage, Blackbaud Inc., Creative Force Ltd., Currinda Pty Ltd., Judgify, OpenWater Inc., Submittable Co., Weemss Ltd., and Wizehive Co among others.
What will the Award Management Software Market Size be in 2021?
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Award Management Software Market: Key Drivers and Trends
The growing need among enterprises to improve the award process is notably driving the award management software market growth, although factors such as lack of universal standard procedure may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the award management software industry. The holistic analysis of the drivers will help in predicting end goals and refining marketing strategies to gain a competitive edge.
This award management software market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Who are the Major Award Management Software Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- AwardStage
- Blackbaud Inc.
- Creative Force Ltd.
- Currinda Pty Ltd.
- Judgify
- OpenWater Inc.
- Submittable Co.
- Weemss Ltd.
- Wizehive Co
The vendor landscape of the award management software market entails successful business strategies deployed by the vendors. The award management software market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the award management software market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Which are the Key Regions for Award Management Software Market?
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31% of the market’s growth will originate from North America during the forecast period. The US is the key market for award management software in North America.
The report offers an up-to-date analysis of the geographical composition of the market. North America has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. Price reduction due to cloud-based software, storage, and technical staff will facilitate the award management software market growth in North America over the forecast period. The report offers an up-to-date analysis of the geographical composition of the market, competitive intelligence, and regional opportunities in store for vendors.
What are the Revenue-generating Technology Segments in the Award Management Software Market?
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The award management software market share growth by the cloud segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency.
This report provides an accurate prediction of the contribution of all the segments to the growth of the award management software market size. Furthermore, our analysts have indicated actionable market insights on post COVID-19 impact on each segment, which is crucial to predict change in consumer demand.
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Award Management Software Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8.21% |
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Market growth 2021-2025 |
USD 235.37 million |
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Market structure |
Fragmented |
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YoY growth (%) |
5.97 |
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Regional analysis |
North America, Europe, APAC, South America, and MEA |
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Performing market contribution |
North America at 31% |
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Key consumer countries |
US, UK, China, Germany, and Japan |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Companies profiled |
AwardStage, Blackbaud Inc., Creative Force Ltd., Currinda Pty Ltd., Judgify, OpenWater Inc., Submittable Co., Weemss Ltd., and Wizehive Co |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Factors Covered in this Award Management Software Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive award management software market growth during the next five years
- Precise estimation of the award management software market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the award management software market across North America, Europe, APAC, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of award management software market vendors
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