The Europe Innovation Management Market would witness market growth of 9.9% CAGR during the forecast period (2023-2030).
Organizations can raise their profitability, enhance employee satisfaction, and reduce costs by using innovation management. From concept inception to commercialization, organizations employ a variety of procedures and activities to generate, develop, and execute new concepts. Open innovation is the sharing of knowledge, skills, or ideas between employees of businesses, business partners, and customers to develop products, business processes, and services for enhanced revenue generation and improved customer experience.
Technology supports the development of creative business models and advances innovative goods, services, and expertise. Robotics, self-driving cars, virtual reality, artificial intelligence, and other new technologies can all be integrated with innovation management strategies. Demand for innovation management solutions has grown among end users along with the expansion of digital technology use and industry acceptance. With the exponential rise of digital technology and the massive volumes of data it produces, data must be stored and processed faster.
In the United Kingdom, the adoption of innovation management technology is driven by several key factors. One significant factor is the country's strong emphasis on research and development (R&D) and innovation. The UK government offers various grants, tax incentives, and support programs to encourage businesses to invest in innovation. This has created a fertile environment for the adoption of innovation management technology as organizations seek to streamline their innovation processes, access funding opportunities, and drive product development.
The Germany market dominated the Europe Innovation Management Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $163.1 million by 2030. The UK market is exhibiting a CAGR of 8.9% during (2023 - 2030). Additionally, The France market would experience a CAGR of 10.7% during (2023 - 2030).
Based on Component, the market is segmented into Services (Professional Services, Managed Services), and Solution. Based on Function, the market is segmented into Product Development, and Business Processes. Based on Tools, the market is segmented into Project Management Platforms, Marketing Platforms, Design Platforms, Idea Management Platforms, Collective Intelligence & Prediction Platforms, Human Resources Platforms, and Others. Based on Vertical, the market is segmented into IT & ITeS, Manufacturing, Transportation, Energy & Utilities, BFSI, Retail & Ecommerce, Healthcare & Lifesciences, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Innovation Management Market will Hit $2.5 Billionn by 2030, at a CAGR of 10.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Accenture PLC, Planview, Inc., SAP SE, Salesforce, Inc., Boston Consulting Group, Medallia, Inc. (Thoma Bravo), Deloitte Touche Tohmatsu Limited, HYPE Softwaretechnik GmbH (HYPE Innovation) (Main Capital Partners), IdeaScale, and InnovationCast
Scope of the Study
Market Segments Covered in the Report:
By Component
- Services
- Professional Services
- Managed Services
- Solution
By Function
- Product Development
- Business Processes
By Tools
- Project Management Platforms
- Marketing Platforms
- Design Platforms
- Idea Management Platforms
- Collective Intelligence & Prediction Platforms
- Human Resources Platforms
- Others
By Vertical
- IT & ITeS
- Manufacturing
- Transportation
- Energy & Utilities
- BFSI
- Retail & Ecommerce
- Healthcare & Lifesciences
- Others
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Accenture PLC
- Planview, Inc.
- SAP SE
- Salesforce, Inc.
- Boston Consulting Group
- Medallia, Inc. (Thoma Bravo)
- Deloitte Touche Tohmatsu Limited
- HYPE Softwaretechnik GmbH (HYPE Innovation) (Main Capital Partners)
- IdeaScale
- InnovationCast
TABLE 1 Europe Innovation Management Market, 2019 - 2022, USD Million
TABLE 2 Europe Innovation Management Market, 2023 - 2030, USD Million
TABLE 3 Europe Innovation Management Market by Component, 2019 - 2022, USD Million
TABLE 4 Europe Innovation Management Market by Component, 2023 - 2030, USD Million
TABLE 5 Europe Services Market by Country, 2019 - 2022, USD Million
TABLE 6 Europe Services Market by Country, 2023 - 2030, USD Million
TABLE 7 Europe Innovation Management Market by Services Type, 2019 - 2022, USD Million
TABLE 8 Europe Innovation Management Market by Services Type, 2023 - 2030, USD Million
TABLE 9 Europe Professional Services Market by Country, 2019 - 2022, USD Million
TABLE 10 Europe Professional Services Market by Country, 2023 - 2030, USD Million
TABLE 11 Europe Managed Services Market by Country, 2019 - 2022, USD Million
TABLE 12 Europe Managed Services Market by Country, 2023 - 2030, USD Million
TABLE 13 Europe Solution Market by Country, 2019 - 2022, USD Million
TABLE 14 Europe Solution Market by Country, 2023 - 2030, USD Million
TABLE 15 Europe Innovation Management Market by Function, 2019 - 2022, USD Million
TABLE 16 Europe Innovation Management Market by Function, 2023 - 2030, USD Million
TABLE 17 Europe Product Development Market by Country, 2019 - 2022, USD Million
TABLE 18 Europe Product Development Market by Country, 2023 - 2030, USD Million
TABLE 19 Europe Business Processes Market by Country, 2019 - 2022, USD Million
TABLE 20 Europe Business Processes Market by Country, 2023 - 2030, USD Million
TABLE 21 Europe Innovation Management Market by Tools, 2019 - 2022, USD Million
TABLE 22 Europe Innovation Management Market by Tools, 2023 - 2030, USD Million
TABLE 23 Europe Project Management Platforms Market by Country, 2019 - 2022, USD Million
TABLE 24 Europe Project Management Platforms Market by Country, 2023 - 2030, USD Million
TABLE 25 Europe Marketing Platforms Market by Country, 2019 - 2022, USD Million
TABLE 26 Europe Marketing Platforms Market by Country, 2023 - 2030, USD Million
TABLE 27 Europe Design Platforms Market by Country, 2019 - 2022, USD Million
TABLE 28 Europe Design Platforms Market by Country, 2023 - 2030, USD Million
TABLE 29 Europe Idea Management Platforms Market by Country, 2019 - 2022, USD Million
TABLE 30 Europe Idea Management Platforms Market by Country, 2023 - 2030, USD Million
TABLE 31 Europe Collective Intelligence & Prediction Platforms Market by Country, 2019 - 2022, USD Million
TABLE 32 Europe Collective Intelligence & Prediction Platforms Market by Country, 2023 - 2030, USD Million
TABLE 33 Europe Human Resources Platforms Market by Country, 2019 - 2022, USD Million
TABLE 34 Europe Human Resources Platforms Market by Country, 2023 - 2030, USD Million
TABLE 35 Europe Others Market by Country, 2019 - 2022, USD Million
TABLE 36 Europe Others Market by Country, 2023 - 2030, USD Million
TABLE 37 Europe Innovation Management Market by Vertical, 2019 - 2022, USD Million
TABLE 38 Europe Innovation Management Market by Vertical, 2023 - 2030, USD Million
TABLE 39 Europe IT & ITeS Market by Country, 2019 - 2022, USD Million
TABLE 40 Europe IT & ITeS Market by Country, 2023 - 2030, USD Million
TABLE 41 Europe Manufacturing Market by Country, 2019 - 2022, USD Million
TABLE 42 Europe Manufacturing Market by Country, 2023 - 2030, USD Million
TABLE 43 Europe Transportation Market by Country, 2019 - 2022, USD Million
TABLE 44 Europe Transportation Market by Country, 2023 - 2030, USD Million
TABLE 45 Europe Energy & Utilities Market by Country, 2019 - 2022, USD Million
TABLE 46 Europe Energy & Utilities Market by Country, 2023 - 2030, USD Million
TABLE 47 Europe BFSI Market by Country, 2019 - 2022, USD Million
TABLE 48 Europe BFSI Market by Country, 2023 - 2030, USD Million
TABLE 49 Europe Retail & Ecommerce Market by Country, 2019 - 2022, USD Million
TABLE 50 Europe Retail & Ecommerce Market by Country, 2023 - 2030, USD Million
TABLE 51 Europe Healthcare & Lifesciences Market by Country, 2019 - 2022, USD Million
TABLE 52 Europe Healthcare & Lifesciences Market by Country, 2023 - 2030, USD Million
TABLE 53 Europe Others Market by Country, 2019 - 2022, USD Million
TABLE 54 Europe Others Market by Country, 2023 - 2030, USD Million
TABLE 55 Europe Innovation Management Market by Country, 2019 - 2022, USD Million
TABLE 56 Europe Innovation Management Market by Country, 2023 - 2030, USD Million
TABLE 57 Germany Innovation Management Market, 2019 - 2022, USD Million
TABLE 58 Germany Innovation Management Market, 2023 - 2030, USD Million
TABLE 59 Germany Innovation Management Market by Component, 2019 - 2022, USD Million
TABLE 60 Germany Innovation Management Market by Component, 2023 - 2030, USD Million
TABLE 61 Germany Innovation Management Market by Services Type, 2019 - 2022, USD Million
TABLE 62 Germany Innovation Management Market by Services Type, 2023 - 2030, USD Million
TABLE 63 Germany Innovation Management Market by Function, 2019 - 2022, USD Million
TABLE 64 Germany Innovation Management Market by Function, 2023 - 2030, USD Million
TABLE 65 Germany Innovation Management Market by Tools, 2019 - 2022, USD Million
TABLE 66 Germany Innovation Management Market by Tools, 2023 - 2030, USD Million
TABLE 67 Germany Innovation Management Market by Vertical, 2019 - 2022, USD Million
TABLE 68 Germany Innovation Management Market by Vertical, 2023 - 2030, USD Million
TABLE 69 UK Innovation Management Market, 2019 - 2022, USD Million
TABLE 70 UK Innovation Management Market, 2023 - 2030, USD Million
TABLE 71 UK Innovation Management Market by Component, 2019 - 2022, USD Million
TABLE 72 UK Innovation Management Market by Component, 2023 - 2030, USD Million
TABLE 73 UK Innovation Management Market by Services Type, 2019 - 2022, USD Million
TABLE 74 UK Innovation Management Market by Services Type, 2023 - 2030, USD Million
TABLE 75 UK Innovation Management Market by Function, 2019 - 2022, USD Million
TABLE 76 UK Innovation Management Market by Function, 2023 - 2030, USD Million
TABLE 77 UK Innovation Management Market by Tools, 2019 - 2022, USD Million
TABLE 78 UK Innovation Management Market by Tools, 2023 - 2030, USD Million
TABLE 79 UK Innovation Management Market by Vertical, 2019 - 2022, USD Million
TABLE 80 UK Innovation Management Market by Vertical, 2023 - 2030, USD Million
TABLE 81 France Innovation Management Market, 2019 - 2022, USD Million
TABLE 82 France Innovation Management Market, 2023 - 2030, USD Million
TABLE 83 France Innovation Management Market by Component, 2019 - 2022, USD Million
TABLE 84 France Innovation Management Market by Component, 2023 - 2030, USD Million
TABLE 85 France Innovation Management Market by Services Type, 2019 - 2022, USD Million
TABLE 86 France Innovation Management Market by Services Type, 2023 - 2030, USD Million
TABLE 87 France Innovation Management Market by Function, 2019 - 2022, USD Million
TABLE 88 France Innovation Management Market by Function, 2023 - 2030, USD Million
TABLE 89 France Innovation Management Market by Tools, 2019 - 2022, USD Million
TABLE 90 France Innovation Management Market by Tools, 2023 - 2030, USD Million
TABLE 91 France Innovation Management Market by Vertical, 2019 - 2022, USD Million
TABLE 92 France Innovation Management Market by Vertical, 2023 - 2030, USD Million
TABLE 93 Russia Innovation Management Market, 2019 - 2022, USD Million
TABLE 94 Russia Innovation Management Market, 2023 - 2030, USD Million
TABLE 95 Russia Innovation Management Market by Component, 2019 - 2022, USD Million
TABLE 96 Russia Innovation Management Market by Component, 2023 - 2030, USD Million
TABLE 97 Russia Innovation Management Market by Services Type, 2019 - 2022, USD Million
TABLE 98 Russia Innovation Management Market by Services Type, 2023 - 2030, USD Million
TABLE 99 Russia Innovation Management Market by Function, 2019 - 2022, USD Million
TABLE 100 Russia Innovation Management Market by Function, 2023 - 2030, USD Million
TABLE 101 Russia Innovation Management Market by Tools, 2019 - 2022, USD Million
TABLE 102 Russia Innovation Management Market by Tools, 2023 - 2030, USD Million
TABLE 103 Russia Innovation Management Market by Vertical, 2019 - 2022, USD Million
TABLE 104 Russia Innovation Management Market by Vertical, 2023 - 2030, USD Million
TABLE 105 Spain Innovation Management Market, 2019 - 2022, USD Million
TABLE 106 Spain Innovation Management Market, 2023 - 2030, USD Million
TABLE 107 Spain Innovation Management Market by Component, 2019 - 2022, USD Million
TABLE 108 Spain Innovation Management Market by Component, 2023 - 2030, USD Million
TABLE 109 Spain Innovation Management Market by Services Type, 2019 - 2022, USD Million
TABLE 110 Spain Innovation Management Market by Services Type, 2023 - 2030, USD Million
TABLE 111 Spain Innovation Management Market by Function, 2019 - 2022, USD Million
TABLE 112 Spain Innovation Management Market by Function, 2023 - 2030, USD Million
TABLE 113 Spain Innovation Management Market by Tools, 2019 - 2022, USD Million
TABLE 114 Spain Innovation Management Market by Tools, 2023 - 2030, USD Million
TABLE 115 Spain Innovation Management Market by Vertical, 2019 - 2022, USD Million
TABLE 116 Spain Innovation Management Market by Vertical, 2023 - 2030, USD Million
TABLE 117 Italy Innovation Management Market, 2019 - 2022, USD Million
TABLE 118 Italy Innovation Management Market, 2023 - 2030, USD Million
TABLE 119 Italy Innovation Management Market by Component, 2019 - 2022, USD Million
TABLE 120 Italy Innovation Management Market by Component, 2023 - 2030, USD Million
TABLE 121 Italy Innovation Management Market by Services Type, 2019 - 2022, USD Million
TABLE 122 Italy Innovation Management Market by Services Type, 2023 - 2030, USD Million
TABLE 123 Italy Innovation Management Market by Function, 2019 - 2022, USD Million
TABLE 124 Italy Innovation Management Market by Function, 2023 - 2030, USD Million
TABLE 125 Italy Innovation Management Market by Tools, 2019 - 2022, USD Million
TABLE 126 Italy Innovation Management Market by Tools, 2023 - 2030, USD Million
TABLE 127 Italy Innovation Management Market by Vertical, 2019 - 2022, USD Million
TABLE 128 Italy Innovation Management Market by Vertical, 2023 - 2030, USD Million
TABLE 129 Rest of Europe Innovation Management Market, 2019 - 2022, USD Million
TABLE 130 Rest of Europe Innovation Management Market, 2023 - 2030, USD Million
TABLE 131 Rest of Europe Innovation Management Market by Component, 2019 - 2022, USD Million
TABLE 132 Rest of Europe Innovation Management Market by Component, 2023 - 2030, USD Million
TABLE 133 Rest of Europe Innovation Management Market by Services Type, 2019 - 2022, USD Million
TABLE 134 Rest of Europe Innovation Management Market by Services Type, 2023 - 2030, USD Million
TABLE 135 Rest of Europe Innovation Management Market by Function, 2019 - 2022, USD Million
TABLE 136 Rest of Europe Innovation Management Market by Function, 2023 - 2030, USD Million
TABLE 137 Rest of Europe Innovation Management Market by Tools, 2019 - 2022, USD Million
TABLE 138 Rest of Europe Innovation Management Market by Tools, 2023 - 2030, USD Million
TABLE 139 Rest of Europe Innovation Management Market by Vertical, 2019 - 2022, USD Million
TABLE 140 Rest of Europe Innovation Management Market by Vertical, 2023 - 2030, USD Million
TABLE 141 Key Information – Accenture PLC
TABLE 142 Key Information – Planview, Inc.
TABLE 143 Key Information – SAP SE
TABLE 144 Key Information – Salesforce, Inc.
TABLE 145 Key Information – Boston Consulting Group
TABLE 146 Key Information – Medallia, Inc.
TABLE 147 Key Information – Deloitte Touche Tohmatsu Limited
TABLE 148 Key Information – HYPE Softwaretechnik GmbH
TABLE 149 Key Information – IdeaScale
TABLE 150 Key Information – InnovationCast
List of Figures
FIG 1 Methodology for the research
FIG 2 Europe Innovation Management Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting the Innovation Management Market
FIG 4 Market Share Analysis, 2022
FIG 5 Porter’s Five Force Analysis: Innovation Management Market
FIG 6 Europe Innovation Management Market share by Component, 2022
FIG 7 Europe Innovation Management Market share by Component, 2030
FIG 8 Europe Innovation Management Market by Component, 2019 - 2030, USD Million
FIG 9 Europe Innovation Management Market share by Function, 2022
FIG 10 Europe Innovation Management Market share by Function, 2030
FIG 11 Europe Innovation Management Market by Function, 2019 - 2030, USD Million
FIG 12 Europe Innovation Management Market share by Tools, 2022
FIG 13 Europe Innovation Management Market share by Tools, 2030
FIG 14 EUROPE INNOVATION MANAGEMENT MARKET BY TOOLS, 2019 - 2030, USD MILLION
FIG 15 Europe Innovation Management Market share by Vertical, 2022
FIG 16 Europe Innovation Management Market share by Vertical, 2030
FIG 17 Europe Innovation Management Market by Vertical, 2019 - 2030, USD Million
FIG 18 Europe Innovation Management Market share by Country, 2022
FIG 19 Europe Innovation Management Market share by Country, 2030
FIG 20 Europe Innovation Management Market by Country, 2019- 2030, USD Million
FIG 21 SWOT Analysis: Accenture PLC
FIG 22 SWOT Analysis: Planview, Inc.
FIG 23 SWOT Analysis: SAP SE
FIG 24 SWOT Analysis: Salesforce, Inc.
FIG 25 SWOT Analysis: Boston Consulting Group
FIG 26 SWOT Analysis: Medallia, Inc.
FIG 27 SWOT Analysis: Deloitte Touche Tohmatsu Limited
FIG 28 SWOT Analysis: HYPE Softwaretechnik GmbH
FIG 29 SWOT Analysis: IdeaScale
FIG 30 SWOT Analysis: InnovationCast