The Latin America, Middle East and Africa Award Management Software Market would witness market growth of 16.3% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Award Management Software Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $29.9 million by 2031. The Argentina market is expected to witness a CAGR of 17% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 15.1% during (2024 - 2031).
Innovation has been a driving force in the development of Award Management Software. As technology evolves, so do the capabilities of AMS platforms, resulting in increasingly sophisticated tools for managing award programs. AI and ML are integrated into award management software to enhance the selection and judging processes. These technologies can help analyze vast amounts of data, identify patterns, and assist in decision-making, ensuring that awards are given to the most deserving candidates based on merit.
Innovations in live streaming and real-time voting capabilities have revolutionized how award ceremonies are conducted. Participants and attendees can now vote in real-time during live events, and the results can be instantly displayed, enhancing audience engagement and interaction. Blockchain technology is being explored in award management software to increase transparency and ensure the integrity of the voting and judging processes. By creating immutable records of nominations, votes, and selections, blockchain can reduce the risk of fraud and ensure fairness in the process.
The UAE’s thriving tourism and hospitality sector, including brands like Atlantis the Palm and Jumeirah Group, often hosts awards to honor the best service, customer satisfaction, and innovation in the industry. The growing number of hospitality-related awards in the region drives the need for effective AMS solutions to handle the nomination and award distribution processes. The World Travel Awards for the Middle East region is held annually in Dubai, recognizing excellence in travel and tourism across multiple categories. AMS software is crucial for managing these global awards' voting and nomination processes.
The award management software market in South Africa is witnessing growth driven by a unique set of factors that reflect the country’s evolving corporate, governmental, and cultural landscape. South Africa emphasizes gender equality and diversity in various sectors, with numerous awards recognizing women and diverse groups in business, politics, and social development. AMS helps nominate and evaluate candidates from diverse backgrounds, ensuring inclusivity in the award process. The Women of the Year Awards in South Africa, which recognize the contributions of women across various fields, utilize AMS to manage nominations and streamline the selection process, supporting the inclusion of diverse voices. In conclusion, the growth of the award management software market in Brazil, the UAE, and South Africa is driven by corporate recognition, government initiatives, and digital solutions for enhanced transparency.
Free Valuable Insights: The Worldwide Award Management Software Market is Projected to reach USD 1.6 Billion by 2031, at a CAGR of 13.6%
Based on Component, the market is segmented into Solution and Services. Based on Deployment, the market is segmented into Cloud and On-Premise. Based on Vertical, the market is segmented into Corporation, Government, Industry Association, Educational Institute, Philanthropic Organization, and Other Vertical. Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
- SurveyMonkey Inc. (STG Partners, LLC)
- WizeHive, Inc.
- Submittable Holdings, Inc.
- Award Force
- Blackbaud, Inc.
- OpenWater
- Evalato
- Judgify Ltd.
- RhythmQ Inc
- AcclaimWorks Ltd.
LAMEA Award Management Software Market Report Segmentation
By Component
By Deployment
By Vertical
- Corporation
- Government
- Industry Association
- Educational Institute
- Philanthropic Organization
- Other Vertical
By Organization Size
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
TABLE 1 LAMEA Award Management Software Market, 2020 - 2023, USD Million
TABLE 2 LAMEA Award Management Software Market, 2024 - 2031, USD Million
TABLE 3 LAMEA Award Management Software Market by Component, 2020 - 2023, USD Million
TABLE 4 LAMEA Award Management Software Market by Component, 2024 - 2031, USD Million
TABLE 5 LAMEA Solution Market by Country, 2020 - 2023, USD Million
TABLE 6 LAMEA Solution Market by Country, 2024 - 2031, USD Million
TABLE 7 LAMEA Services Market by Country, 2020 - 2023, USD Million
TABLE 8 LAMEA Services Market by Country, 2024 - 2031, USD Million
TABLE 9 LAMEA Award Management Software Market by Deployment, 2020 - 2023, USD Million
TABLE 10 LAMEA Award Management Software Market by Deployment, 2024 - 2031, USD Million
TABLE 11 LAMEA Cloud Market by Country, 2020 - 2023, USD Million
TABLE 12 LAMEA Cloud Market by Country, 2024 - 2031, USD Million
TABLE 13 LAMEA On-Premise Market by Country, 2020 - 2023, USD Million
TABLE 14 LAMEA On-Premise Market by Country, 2024 - 2031, USD Million
TABLE 15 LAMEA Award Management Software Market by Vertical, 2020 - 2023, USD Million
TABLE 16 LAMEA Award Management Software Market by Vertical, 2024 - 2031, USD Million
TABLE 17 LAMEA Corporation Market by Country, 2020 - 2023, USD Million
TABLE 18 LAMEA Corporation Market by Country, 2024 - 2031, USD Million
TABLE 19 LAMEA Government Market by Country, 2020 - 2023, USD Million
TABLE 20 LAMEA Government Market by Country, 2024 - 2031, USD Million
TABLE 21 LAMEA Industry Association Market by Country, 2020 - 2023, USD Million
TABLE 22 LAMEA Industry Association Market by Country, 2024 - 2031, USD Million
TABLE 23 LAMEA Educational Institute Market by Country, 2020 - 2023, USD Million
TABLE 24 LAMEA Educational Institute Market by Country, 2024 - 2031, USD Million
TABLE 25 LAMEA Philanthropic Organization Market by Country, 2020 - 2023, USD Million
TABLE 26 LAMEA Philanthropic Organization Market by Country, 2024 - 2031, USD Million
TABLE 27 LAMEA Other Vertical Market by Country, 2020 - 2023, USD Million
TABLE 28 LAMEA Other Vertical Market by Country, 2024 - 2031, USD Million
TABLE 29 LAMEA Award Management Software Market by Organization Size, 2020 - 2023, USD Million
TABLE 30 LAMEA Award Management Software Market by Organization Size, 2024 - 2031, USD Million
TABLE 31 LAMEA Large Enterprises Market by Country, 2020 - 2023, USD Million
TABLE 32 LAMEA Large Enterprises Market by Country, 2024 - 2031, USD Million
TABLE 33 LAMEA SMEs Market by Country, 2020 - 2023, USD Million
TABLE 34 LAMEA SMEs Market by Country, 2024 - 2031, USD Million
TABLE 35 LAMEA Award Management Software Market by Country, 2020 - 2023, USD Million
TABLE 36 LAMEA Award Management Software Market by Country, 2024 - 2031, USD Million
TABLE 37 Brazil Award Management Software Market, 2020 - 2023, USD Million
TABLE 38 Brazil Award Management Software Market, 2024 - 2031, USD Million
TABLE 39 Brazil Award Management Software Market by Component, 2020 - 2023, USD Million
TABLE 40 Brazil Award Management Software Market by Component, 2024 - 2031, USD Million
TABLE 41 Brazil Award Management Software Market by Deployment, 2020 - 2023, USD Million
TABLE 42 Brazil Award Management Software Market by Deployment, 2024 - 2031, USD Million
TABLE 43 Brazil Award Management Software Market by Vertical, 2020 - 2023, USD Million
TABLE 44 Brazil Award Management Software Market by Vertical, 2024 - 2031, USD Million
TABLE 45 Brazil Award Management Software Market by Organization Size, 2020 - 2023, USD Million
TABLE 46 Brazil Award Management Software Market by Organization Size, 2024 - 2031, USD Million
TABLE 47 Argentina Award Management Software Market, 2020 - 2023, USD Million
TABLE 48 Argentina Award Management Software Market, 2024 - 2031, USD Million
TABLE 49 Argentina Award Management Software Market by Component, 2020 - 2023, USD Million
TABLE 50 Argentina Award Management Software Market by Component, 2024 - 2031, USD Million
TABLE 51 Argentina Award Management Software Market by Deployment, 2020 - 2023, USD Million
TABLE 52 Argentina Award Management Software Market by Deployment, 2024 - 2031, USD Million
TABLE 53 Argentina Award Management Software Market by Vertical, 2020 - 2023, USD Million
TABLE 54 Argentina Award Management Software Market by Vertical, 2024 - 2031, USD Million
TABLE 55 Argentina Award Management Software Market by Organization Size, 2020 - 2023, USD Million
TABLE 56 Argentina Award Management Software Market by Organization Size, 2024 - 2031, USD Million
TABLE 57 UAE Award Management Software Market, 2020 - 2023, USD Million
TABLE 58 UAE Award Management Software Market, 2024 - 2031, USD Million
TABLE 59 UAE Award Management Software Market by Component, 2020 - 2023, USD Million
TABLE 60 UAE Award Management Software Market by Component, 2024 - 2031, USD Million
TABLE 61 UAE Award Management Software Market by Deployment, 2020 - 2023, USD Million
TABLE 62 UAE Award Management Software Market by Deployment, 2024 - 2031, USD Million
TABLE 63 UAE Award Management Software Market by Vertical, 2020 - 2023, USD Million
TABLE 64 UAE Award Management Software Market by Vertical, 2024 - 2031, USD Million
TABLE 65 UAE Award Management Software Market by Organization Size, 2020 - 2023, USD Million
TABLE 66 UAE Award Management Software Market by Organization Size, 2024 - 2031, USD Million
TABLE 67 Saudi Arabia Award Management Software Market, 2020 - 2023, USD Million
TABLE 68 Saudi Arabia Award Management Software Market, 2024 - 2031, USD Million
TABLE 69 Saudi Arabia Award Management Software Market by Component, 2020 - 2023, USD Million
TABLE 70 Saudi Arabia Award Management Software Market by Component, 2024 - 2031, USD Million
TABLE 71 Saudi Arabia Award Management Software Market by Deployment, 2020 - 2023, USD Million
TABLE 72 Saudi Arabia Award Management Software Market by Deployment, 2024 - 2031, USD Million
TABLE 73 Saudi Arabia Award Management Software Market by Vertical, 2020 - 2023, USD Million
TABLE 74 Saudi Arabia Award Management Software Market by Vertical, 2024 - 2031, USD Million
TABLE 75 Saudi Arabia Award Management Software Market by Organization Size, 2020 - 2023, USD Million
TABLE 76 Saudi Arabia Award Management Software Market by Organization Size, 2024 - 2031, USD Million
TABLE 77 South Africa Award Management Software Market, 2020 - 2023, USD Million
TABLE 78 South Africa Award Management Software Market, 2024 - 2031, USD Million
TABLE 79 South Africa Award Management Software Market by Component, 2020 - 2023, USD Million
TABLE 80 South Africa Award Management Software Market by Component, 2024 - 2031, USD Million
TABLE 81 South Africa Award Management Software Market by Deployment, 2020 - 2023, USD Million
TABLE 82 South Africa Award Management Software Market by Deployment, 2024 - 2031, USD Million
TABLE 83 South Africa Award Management Software Market by Vertical, 2020 - 2023, USD Million
TABLE 84 South Africa Award Management Software Market by Vertical, 2024 - 2031, USD Million
TABLE 85 South Africa Award Management Software Market by Organization Size, 2020 - 2023, USD Million
TABLE 86 South Africa Award Management Software Market by Organization Size, 2024 - 2031, USD Million
TABLE 87 Nigeria Award Management Software Market, 2020 - 2023, USD Million
TABLE 88 Nigeria Award Management Software Market, 2024 - 2031, USD Million
TABLE 89 Nigeria Award Management Software Market by Component, 2020 - 2023, USD Million
TABLE 90 Nigeria Award Management Software Market by Component, 2024 - 2031, USD Million
TABLE 91 Nigeria Award Management Software Market by Deployment, 2020 - 2023, USD Million
TABLE 92 Nigeria Award Management Software Market by Deployment, 2024 - 2031, USD Million
TABLE 93 Nigeria Award Management Software Market by Vertical, 2020 - 2023, USD Million
TABLE 94 Nigeria Award Management Software Market by Vertical, 2024 - 2031, USD Million
TABLE 95 Nigeria Award Management Software Market by Organization Size, 2020 - 2023, USD Million
TABLE 96 Nigeria Award Management Software Market by Organization Size, 2024 - 2031, USD Million
TABLE 97 Rest of LAMEA Award Management Software Market, 2020 - 2023, USD Million
TABLE 98 Rest of LAMEA Award Management Software Market, 2024 - 2031, USD Million
TABLE 99 Rest of LAMEA Award Management Software Market by Component, 2020 - 2023, USD Million
TABLE 100 Rest of LAMEA Award Management Software Market by Component, 2024 - 2031, USD Million
TABLE 101 Rest of LAMEA Award Management Software Market by Deployment, 2020 - 2023, USD Million
TABLE 102 Rest of LAMEA Award Management Software Market by Deployment, 2024 - 2031, USD Million
TABLE 103 Rest of LAMEA Award Management Software Market by Vertical, 2020 - 2023, USD Million
TABLE 104 Rest of LAMEA Award Management Software Market by Vertical, 2024 - 2031, USD Million
TABLE 105 Rest of LAMEA Award Management Software Market by Organization Size, 2020 - 2023, USD Million
TABLE 106 Rest of LAMEA Award Management Software Market by Organization Size, 2024 - 2031, USD Million
TABLE 107 Key Information – SurveyMonkey Inc.
TABLE 108 Key Information – WizeHive, Inc.
TABLE 109 Key Information – Submittable Holdings, Inc.
TABLE 110 Key Information – Award Force
TABLE 111 Key Information – Blackbaud, Inc.
TABLE 112 Key Information – OpenWater
TABLE 113 Key Information – Evalato
TABLE 114 Key Information – Judgify Ltd.
TABLE 115 Key Information – RhythmQ Inc.
TABLE 116 Key Information – AcclaimWorks Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 LAMEA Award Management Software Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Award Management Software Market
FIG 4 Porter’s Five Forces Analysis – Award Management Software Market
FIG 5 LAMEA Award Management Software Market share by Component, 2023
FIG 6 LAMEA Award Management Software Market share by Component, 2031
FIG 7 LAMEA Award Management Software Market by Component, 2020 - 2031, USD Million
FIG 8 LAMEA Award Management Software Market share by Deployment, 2023
FIG 9 LAMEA Award Management Software Market share by Deployment, 2031
FIG 10 LAMEA Award Management Software Market by Deployment, 2020 - 2031, USD Million
FIG 11 LAMEA Award Management Software Market share by Vertical, 2023
FIG 12 LAMEA Award Management Software Market share by Vertical, 2031
FIG 13 LAMEA Award Management Software Market by Vertical, 2020 - 2031, USD Million
FIG 14 LAMEA Award Management Software Market share by Organization Size, 2023
FIG 15 LAMEA Award Management Software Market share by Organization Size, 2031
FIG 16 LAMEA Award Management Software Market by Organization Size, 2020 - 2031, USD Million
FIG 17 LAMEA Award Management Software Market share by Country, 2023
FIG 18 LAMEA Award Management Software Market share by Country, 2031
FIG 19 LAMEA Award Management Software Market by Country, 2020 - 2031, USD Million