Strategy Management Software Market Size, Share Global Analysis Report, 2022 – 2028

Industry Insights

[231+ Pages Report]  According to the report published by Facts & Factors, the global strategy management software market was worth USD 2,381.50 million in 2021 and is estimated to grow to USD 5,091.27 million by 2028, with a compound annual growth rate (CAGR) of approximately 13.50 percent over the forecast period. The report analyzes the strategy management software market's drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the strategy management software market.

Market Overview

A strategic planning tool, strategy management software assists users in growing their companies and achieving their goals. This comprises the ongoing arrangement, monitoring, and assessment of crucial indicators to accomplish the various aims of a business. A business must continuously plan, monitor, analyze, and evaluate its requirements to achieve its goals and objectives. This is what strategic management entails. Businesses will need to regularly review their success strategies due to changes in the business environment. Businesses can examine their current situation, create plans, put them into action, and assess the success of their management strategies with the help of the strategic management process. The increased adoption of laptops, smartphones, and smart devices in different sectors, including government, healthcare, banking, finance & insurance, manufacturing, and many others, is expected to boost demand for strategic planning software throughout the forecast period.

COVID-19 Impact:

Most firms have switched to a work-from-home model due to rising COVID-19 cases worldwide. Almost all enterprises have experienced a major drop in production; it has been noted. Companies use strategic management software to lessen the effects of COVID-19 and maintain market competitiveness.

Key Insights

• As per the analysis shared by our research analyst, the global strategy management software market value is expected to grow at a CAGR of 13.50% over the forecast period.
• In terms of revenue, the global strategy management software market size was valued at around USD 2,381.50 million in 2021 and is projected to reach USD 5091.27 million by 2028.
• The increased adoption of laptops, smartphones, and smart devices in different sectors, including government, healthcare, banking, finance and insurance, manufacturing, and many others, is expected to boost demand for strategic planning software throughout the forecast period.
• By deployment, the cloud-based category dominated the market in 2021.
• By organization size, the small and medium-sized enterprises category dominated the market in 2021.
• North America dominated the global strategy management software market in 2021.

Growth Drivers

• The growing need for businesses to centrally control and monitor workflow drives the market growth

One of the factors propelling the expansion of the global strategy management software market is the growing need for businesses to control and monitor workflow centrally. With the aid of strategy management software, organizations may carry out various activities effectively. The benefits of strategic management software, including competent task administration, scalability & adaptability, efficient time management, and dependability, are anticipated to drive the global market for strategy management software. It is anticipated that continued technological advancements, as well as advancements in artificial intelligence and machine learning, will create new growth opportunities for businesses in the strategy management software sector.

Restraints

• Lack of understanding of the benefits of strategic management software may hinder the market growth

In the anticipated time, market limitations for strategy management software include a lack of understanding of the benefits of strategic management software and cyber-attack concerns in rising regions.

Segmentation Analysis

The global strategy management software market has been segmented into component, deployment, organization size, end-user, and business function.

The strategy management software market is segregated into solutions and services based on components. In 2021, the services segment dominated the global market. This is because services such as schedule management, business growth, monitoring, and business assessment offer a variety of advantages.

Based on the deployment, the strategy management software market is segregated into cloud-based and on-premises. In 2021, the cloud-based category dominated the global strategy management software market because it has a wider reach, can be used and priced more arbitrarily, and requires less upkeep. The primary factors driving the development of the strategy management software market are the expansion of the cloud-based segment in the adoption of business analytics software by many companies and the surge in demand for cloud-based business software among small and medium enterprises.

Based on organization size, the strategy management software market is divided into large enterprises and small & medium-sized enterprises. In 2021, small & medium-sized enterprises dominated the global market. Small and medium-sized enterprises use managed services to run their network setup, security services, and the rest of their corporate infrastructure. Focused on implementing business management software (BMS) across the entire corporation, which has become more affordable for smaller organizations.

Based on end-user, the strategy management software market is segmented into BFSI, automobile, healthcare, government, logistics & transportation, manufacturing, media & entertainment, IT & telecom, and others. In 2021, the IT & telecom segment dominated the global strategy management software market. Growing demand for enterprises to manage workflow centrally, flexibility, scalability, efficient time management, and wide applications with IoT development aid in segmental expansion.

Based on business function, the strategy management software market is segmented into finance/accounting, human resources, marketing, and operational. In 2021, the finance/accounting segment dominated the global market. The main causes driving the expansion of the finance/accounting sector are the increased requirement to monitor and manage consumer money worldwide.

Report Scope

Regional Landscape

• North America dominated the strategy management software market in 2021

In 2021, North America dominated the global strategy management software market. Due to the major market players' nationwide business expansion, this local market will also likely benefit from their growth. Additionally, it is predicted that advantages provided by strategy management software, such as competent job management, operational phase management, and dependability, will spur innovation in the industry.

Additionally, the market for strategy management software is boosted by the presence of developed nations like the U.S. and Canada, strategic market developments such as mergers, acquisitions, and the introduction of new technologies, as well as the growing demand for governments, to centrally manage purposes. The expansion of the key players in the industry in the area is also likely to support the strategic management software market's future growth.

Competitive Landscape

• Sheetless Ltd 
• AchieveIt 
• Planview Inc. 
• MPOWR (SupplyCore Inc.) 
• StrategyBlocks Limited 
• Datadog 
• Perforce Software Inc. 
• SmartBear Software 
• Riverbed Technology.

Global Strategy Management Software Market is segmented as follows:

By Component

• Solutions
• Services

By Deployment

• Cloud-based
• On-premises

By Organization Size

• Large Enterprises
• Small and Medium-sized Enterprises

By End-user

• BFSI
• Automobile
• Healthcare
• Government
• Logistics and Transportation
• Manufacturing
• Media and Entertainment
• IT & Telecom
• Others

By Business Function

• Finance/Accounting
• Human Resources
• Marketing
• Operational
• Others

By Regional Segment Analysis

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America