The global proposal management software market is estimated to secure a market value of US$ 6.7 Billion by 2032 while expanding at a CAGR of 11.1% during the aforementioned timeframe, concludes Future Market Insights. The market’s expansion can be ascribed to two factors: the quick digitization of businesses and the rising demand to streamline corporate operations. Additionally, it is anticipated that the industry will soon have lucrative chances as a result of the incorporation of contemporary technologies like AI-based solutions.
Additionally, the introduction of new items to the market is probably going to fuel market growth throughout the anticipated era. Frequence, a well-known participant in advertising sales automation and a supplier of workflow software, announced the introduction of SmartProposals in August 2021.
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SmartProposals is a groundbreaking system that offers and enhances local-market media campaign suggestions by using real-time deal-close and campaign performance data. Millions of data points from several media campaigns are analysed to develop abled campaign suggestions that empower media sellers to generate increased revenue. Such activities would probably cause the market to grow significantly throughout the forecast period.
Key Takeaways from the Market Study:
- The software segment to expand at a CAGR of 10.9% by 2032
- The on-premises segment to exhibit a CAGR of 10.1% during the forecast period
- Market in the U.S to secure a value of US$ 2.3 Billion by 2032
- Chinese market to expand at a CAGR of 10.4% during the forecast period
- South Korea to record a CAGR of 8.8% by 2032
- Market in the U.K to exhibit a growth rate of 10.1% in the assessment tenure
Competitive Analysis
Key players in the global proposal management software market are Microsoft, WeSuite, Icertis, Deltek, and GetAccept.
- In August 2021, Deltek, an eminent provider of software and solutions for project-based solutions, disclosed that it had secured ArchiSnapper. The initiative would assist architects and engineers to make their business more efficient with better tool management services.
- In March 2022, Deltek, a renowned provider of software and solutions for project-based businesses, and Qarbon Aerospace disclosed the accomplishment of enterprise-wide business systems transformation from Qarbon Aerospace’s legacy solution SAP to Deltek Costpoint.
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More Valuable Insights
Future Market Insights, in its new offering, presents an unbiased analysis of the global proposal management software market, presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.
The study reveals essential insights on the basis of component (software and services), deployment (on-premises and cloud), enterprise size (large enterprises and small and medium-sized enterprises), and vertical (government, retail and e-commerce, healthcare and life sciences, BFSI, transportation and logistics, manufacturing, telecom & IT and other verticals) across five major regions (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America)
Key Segments Profiled In The Proposal Management Software Market Report
Proposal Management Software Market by Component:
- Proposal Management Software
- Proposal Management Services
Proposal Management Software Market by Deployment:
- On-Premises Proposal Management Software
- Cloud-based Proposal Management Software
Proposal Management Software Market by Enterprise Size:
- Proposal Management Software for Large Enterprises
- Proposal Management Software for Small and Medium-Sized Enterprises
Proposal Management Software Market by Vertical:
- Proposal Management Software for Government
- Proposal Management Software for Retail and E-Commerce
- Proposal Management Software for Healthcare and Lifesciences
- Proposal Management Software for BFSI
- Proposal Management Software for Transportation and Logistics
- Proposal Management Software for Manufacturing
- Proposal Management Software for Telecom & IT
- Proposal Management Software for Other Verticals (Energy and Utilities, Media & Entertainment, and Education)
Proposal Management Software Market by Region:
- North America Proposal Management Software Market
- Europe Proposal Management Software Market
- Asia Pacific Proposal Management Software Market
- Middle East & Africa Proposal Management Software Market
- Latin America Proposal Management Software Market
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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