The Europe Proposal Management Software Market would witness market growth of 12.5% CAGR during the forecast period (2022-2028).
It is difficult for the sales team to be present physically in front of the customers, due to which it becomes crucial for them to provide the documents that are capable of reflecting the organization’s personality. The automation of the proposal process equips the user organization to apply the brand into templates, making it easy and quick to reflect the organization’s personality through the documents themselves.
By using sophisticated proposal management software, AI becomes capable enough to identify question in RFP document and pass it to natural language processing technology that interprets the questions and respond with the best possible answer. Also, the software itself inserts the answer at the accurate position in a document, thereby eliminating the need to perform manual steps while producing a document.
Nowadays, various modern proposal management software is offered by vendors who could even help the user to know whether the produced proposal or response is engaging enough or not. In addition, such software gives insight that enables the user to see whether the recipient has actually gone through the document provided and understood the content within it.
The technologies such as AI and big data are increasingly being used in the European healthcare industry. The European Commission has formulated an AI Act intending to increase the adoption of AI across European nations. This has encouraged the EU’s member nations to align their AI legislations, ensuring clear and consistent rules that support the accessibility of medical technology. In addition, the adoption of Ai will further support the usage of proposal management software across the region.
The Germany market dominated the Europe Proposal Management Software Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $250.7 million by 2028.The UK market is anticipated to grow at a CAGR of 11.5% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 13.3% during (2022 - 2028).
Based on Component, the market is segmented into Software (Without Services) and Services. Based on Vertical, the market is segmented into Government, IT & Telecom, Manufacturing, Retail & Ecommerce, BFSI, Healthcare & Life Sciences, Tranportation & Logistics and Others. Based on Organization size, the market is segmented into Large Enterprises and SMEs. Based on Deployment Mode, the market is segmented into On-premise and Cloud. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Proposal Management Software Market will Hit $3.9 Billion by 2028, at a CAGR of 13.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Microsoft Corporation, Icertis, Inc., Deltek, Inc. (Roper Technologies, Inc.), WeSuite, LLC, GetAccept, Inc., Nusii Proposals S.L., iQuoteXpress, Inc., Sofon B.V. (Revalize, Inc.), Aarav Solutions Pvt. Ltd., and Practice Ignition Pty Ltd. (Ignition)
By Component
By Vertical
By Organization size
By Deployment Mode
By Country
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