North America Innovation Management Market Size, Share & Industry Trends Analysis Report By Component (Services (Professional Services, Managed Services), and Solution), By Function, By Tools, By Vertical, By Country and Growth Forecast, 2023 - 2030

The North America Innovation Management Market would witness market growth of 8.9% CAGR during the forecast period (2023-2030).

The impact of risk mitigation on the demand for innovation management is significant and underscores the vital role that innovation management solutions play in managing and reducing the inherent risks associated with the innovation process. Innovation often involves substantial financial investments in research, development, and market entry. Effective innovation management helps organizations assess the financial feasibility of innovation projects and allocate resources efficiently. By identifying potential risks and challenges early in the process, innovation management solutions help organizations avoid costly failures.

Digital innovation management platforms provide the ability to adapt to emerging risks and challenges quickly. As innovation projects progress, unforeseen risks may arise. Innovation management solutions allow organizations to adjust their strategies and risk mitigation plans in real time, ensuring that innovation projects stay on course. This adaptability in risk management has become more critical in today's rapidly changing business environment.

North America is a very open and competitive market for adopting innovation management systems across healthcare, IT, aerospace, and manufacturing industries. It is the region where innovation management strategies are adopted the quickest. Recent technological advancements have been well received, such as combining mobile, cloud, and AI technologies with traditional innovation management systems.

The US market dominated the North America Innovation Management Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $604.3 million by 2030. The Canada market is experiencing a CAGR of 11.4% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 10.4% 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 U.S., Mexico, Canada, and Rest of North America.

Free Valuable Insights: The Innovation Management Market is Predict to reach $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

• US
• Canada
• Mexico
• Rest of North America

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

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Innovation Management Market, by Component
1.4.2 North America Innovation Management Market, by Function
1.4.3 North America Innovation Management Market, by Tools
1.4.4 North America Innovation Management Market, by Vertical
1.4.5 North America Innovation Management Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints

Chapter 4. Competition Analysis – Global
4.1 Market Share Analysis, 2022
4.2 Porter’s Five Force Analysis

Chapter 5. North America Innovation Management Market by Component
5.1 North America Services Market by Region
5.2 North America Innovation Management Market by Services Type
5.2.1 North America Professional Services Market by Country
5.2.2 North America Managed Services Market by Country
5.3 North America Solution Market by Region

Chapter 6. North America Innovation Management Market by Function
6.1 North America Product Development Market by Country
6.2 North America Business Processes Market by Country

Chapter 7. North America Innovation Management Market by Tools
7.1 North America Project Management Platforms Market by Country
7.2 North America Marketing Platforms Market by Country
7.3 North America Design Platforms Market by Country
7.4 North America Idea Management Platforms Market by Country
7.5 North America Collective Intelligence & Prediction Platforms Market by Country
7.6 North America Human Resources Platforms Market by Country
7.7 North America Others Market by Country

Chapter 8. North America Innovation Management Market by Vertical
8.1 North America IT & ITeS Market by Country
8.2 North America Manufacturing Market by Country
8.3 North America Transportation Market by Country
8.4 North America Energy & Utilities Market by Country
8.5 North America BFSI Market by Country
8.6 North America Retail & Ecommerce Market by Country
8.7 North America Healthcare & Lifesciences Market by Country
8.8 North America Others Market by Country

Chapter 9. North America Innovation Management Market by Country
9.1 US Innovation Management Market
9.1.1 US Innovation Management Market by Component
9.1.1.1 US Innovation Management Market by Services Type
9.1.2 US Innovation Management Market by Function
9.1.3 US Innovation Management Market by Tools
9.1.4 US Innovation Management Market by Vertical
9.2 Canada Innovation Management Market
9.2.1 Canada Innovation Management Market by Component
9.2.1.1 Canada Innovation Management Market by Services Type
9.2.2 Canada Innovation Management Market by Function
9.2.3 Canada Innovation Management Market by Tools
9.2.4 Canada Innovation Management Market by Vertical
9.3 Mexico Innovation Management Market
9.3.1 Mexico Innovation Management Market by Component
9.3.1.1 Mexico Innovation Management Market by Services Type
9.3.2 Mexico Innovation Management Market by Function
9.3.3 Mexico Innovation Management Market by Tools
9.3.4 Mexico Innovation Management Market by Vertical
9.4 Rest of North America Innovation Management Market
9.4.1 Rest of North America Innovation Management Market by Component
9.4.1.1 Rest of North America Innovation Management Market by Services Type
9.4.2 Rest of North America Innovation Management Market by Function
9.4.3 Rest of North America Innovation Management Market by Tools
9.4.4 Rest of North America Innovation Management Market by Vertical

Chapter 10. Company Profiles
10.1 Accenture PLC
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Segmental and Regional Analysis
10.1.4 Research & Development Expenses
10.1.5 Recent strategies and developments:
10.1.5.1 Acquisition and Mergers:
10.1.6 SWOT Analysis
10.2 Planview, Inc.
10.2.1 Company Overview
10.2.2 SWOT Analysis
10.3 SAP SE
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Segmental and Regional Analysis
10.3.4 Research & Development Expense
10.3.5 Recent strategies and developments:
10.3.5.1 Partnerships, Collaborations, and Agreements:
10.3.6 SWOT Analysis
10.4 Salesforce, Inc.
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Regional Analysis
10.4.4 Research & Development Expense
10.4.5 Recent strategies and developments:
10.4.5.1 Product Launches and Product Expansions:
10.4.6 SWOT Analysis
10.5 Boston Consulting Group
10.5.1 Company Overview
10.5.2 SWOT Analysis
10.6 Medallia, Inc. (Thoma Bravo)
10.6.1 Company Overview
10.6.2 SWOT Analysis
10.7 Deloitte Touche Tohmatsu Limited
10.7.1 Company Overview
10.7.2 SWOT Analysis
10.8 HYPE Softwaretechnik GmbH (HYPE Innovation) (Main Capital Partners)
10.8.1 Company Overview
10.8.2 SWOT Analysis
10.9 IdeaScale
10.9.1 Company Overview
10.9.2 SWOT Analysis
10.10. InnovationCast
10.10.1 Company Overview
10.10.2 SWOT Analysis

TABLE 1 North America Innovation Management Market, 2019 - 2022, USD Million
TABLE 2 North America Innovation Management Market, 2023 - 2030, USD Million
TABLE 3 North America Innovation Management Market by Component, 2019 - 2022, USD Million
TABLE 4 North America Innovation Management Market by Component, 2023 - 2030, USD Million
TABLE 5 North America Services Market by Region, 2019 - 2022, USD Million
TABLE 6 North America Services Market by Region, 2023 - 2030, USD Million
TABLE 7 North America Innovation Management Market by Services Type, 2019 - 2022, USD Million
TABLE 8 North America Innovation Management Market by Services Type, 2023 - 2030, USD Million
TABLE 9 North America Professional Services Market by Country, 2019 - 2022, USD Million
TABLE 10 North America Professional Services Market by Country, 2023 - 2030, USD Million
TABLE 11 North America Managed Services Market by Country, 2019 - 2022, USD Million
TABLE 12 North America Managed Services Market by Country, 2023 - 2030, USD Million
TABLE 13 North America Solution Market by Region, 2019 - 2022, USD Million
TABLE 14 North America Solution Market by Region, 2023 - 2030, USD Million
TABLE 15 North America Innovation Management Market by Function, 2019 - 2022, USD Million
TABLE 16 North America Innovation Management Market by Function, 2023 - 2030, USD Million
TABLE 17 North America Product Development Market by Country, 2019 - 2022, USD Million
TABLE 18 North America Product Development Market by Country, 2023 - 2030, USD Million
TABLE 19 North America Business Processes Market by Country, 2019 - 2022, USD Million
TABLE 20 North America Business Processes Market by Country, 2023 - 2030, USD Million
TABLE 21 North America Innovation Management Market by Tools, 2019 - 2022, USD Million
TABLE 22 North America Innovation Management Market by Tools, 2023 - 2030, USD Million
TABLE 23 North America Project Management Platforms Market by Country, 2019 - 2022, USD Million
TABLE 24 North America Project Management Platforms Market by Country, 2023 - 2030, USD Million
TABLE 25 North America Marketing Platforms Market by Country, 2019 - 2022, USD Million
TABLE 26 North America Marketing Platforms Market by Country, 2023 - 2030, USD Million
TABLE 27 North America Design Platforms Market by Country, 2019 - 2022, USD Million
TABLE 28 North America Design Platforms Market by Country, 2023 - 2030, USD Million
TABLE 29 North America Idea Management Platforms Market by Country, 2019 - 2022, USD Million
TABLE 30 North America Idea Management Platforms Market by Country, 2023 - 2030, USD Million
TABLE 31 North America Collective Intelligence & Prediction Platforms Market by Country, 2019 - 2022, USD Million
TABLE 32 North America Collective Intelligence & Prediction Platforms Market by Country, 2023 - 2030, USD Million
TABLE 33 North America Human Resources Platforms Market by Country, 2019 - 2022, USD Million
TABLE 34 North America Human Resources Platforms Market by Country, 2023 - 2030, USD Million
TABLE 35 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 36 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 37 North America Innovation Management Market by Vertical, 2019 - 2022, USD Million
TABLE 38 North America Innovation Management Market by Vertical, 2023 - 2030, USD Million
TABLE 39 North America IT & ITeS Market by Country, 2019 - 2022, USD Million
TABLE 40 North America IT & ITeS Market by Country, 2023 - 2030, USD Million
TABLE 41 North America Manufacturing Market by Country, 2019 - 2022, USD Million
TABLE 42 North America Manufacturing Market by Country, 2023 - 2030, USD Million
TABLE 43 North America Transportation Market by Country, 2019 - 2022, USD Million
TABLE 44 North America Transportation Market by Country, 2023 - 2030, USD Million
TABLE 45 North America Energy & Utilities Market by Country, 2019 - 2022, USD Million
TABLE 46 North America Energy & Utilities Market by Country, 2023 - 2030, USD Million
TABLE 47 North America BFSI Market by Country, 2019 - 2022, USD Million
TABLE 48 North America BFSI Market by Country, 2023 - 2030, USD Million
TABLE 49 North America Retail & Ecommerce Market by Country, 2019 - 2022, USD Million
TABLE 50 North America Retail & Ecommerce Market by Country, 2023 - 2030, USD Million
TABLE 51 North America Healthcare & Lifesciences Market by Country, 2019 - 2022, USD Million
TABLE 52 North America Healthcare & Lifesciences Market by Country, 2023 - 2030, USD Million
TABLE 53 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 54 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 55 North America Innovation Management Market by Country, 2019 - 2022, USD Million
TABLE 56 North America Innovation Management Market by Country, 2023 - 2030, USD Million
TABLE 57 US Innovation Management Market, 2019 - 2022, USD Million
TABLE 58 US Innovation Management Market, 2023 - 2030, USD Million
TABLE 59 US Innovation Management Market by Component, 2019 - 2022, USD Million
TABLE 60 US Innovation Management Market by Component, 2023 - 2030, USD Million
TABLE 61 US Innovation Management Market by Services Type, 2019 - 2022, USD Million
TABLE 62 US Innovation Management Market by Services Type, 2023 - 2030, USD Million
TABLE 63 US Innovation Management Market by Function, 2019 - 2022, USD Million
TABLE 64 US Innovation Management Market by Function, 2023 - 2030, USD Million
TABLE 65 US Innovation Management Market by Tools, 2019 - 2022, USD Million
TABLE 66 US Innovation Management Market by Tools, 2023 - 2030, USD Million
TABLE 67 US Innovation Management Market by Vertical, 2019 - 2022, USD Million
TABLE 68 US Innovation Management Market by Vertical, 2023 - 2030, USD Million
TABLE 69 Canada Innovation Management Market, 2019 - 2022, USD Million
TABLE 70 Canada Innovation Management Market, 2023 - 2030, USD Million
TABLE 71 Canada Innovation Management Market by Component, 2019 - 2022, USD Million
TABLE 72 Canada Innovation Management Market by Component, 2023 - 2030, USD Million
TABLE 73 Canada Innovation Management Market by Services Type, 2019 - 2022, USD Million
TABLE 74 Canada Innovation Management Market by Services Type, 2023 - 2030, USD Million
TABLE 75 Canada Innovation Management Market by Function, 2019 - 2022, USD Million
TABLE 76 Canada Innovation Management Market by Function, 2023 - 2030, USD Million
TABLE 77 Canada Innovation Management Market by Tools, 2019 - 2022, USD Million
TABLE 78 Canada Innovation Management Market by Tools, 2023 - 2030, USD Million
TABLE 79 Canada Innovation Management Market by Vertical, 2019 - 2022, USD Million
TABLE 80 Canada Innovation Management Market by Vertical, 2023 - 2030, USD Million
TABLE 81 Mexico Innovation Management Market, 2019 - 2022, USD Million
TABLE 82 Mexico Innovation Management Market, 2023 - 2030, USD Million
TABLE 83 Mexico Innovation Management Market by Component, 2019 - 2022, USD Million
TABLE 84 Mexico Innovation Management Market by Component, 2023 - 2030, USD Million
TABLE 85 Mexico Innovation Management Market by Services Type, 2019 - 2022, USD Million
TABLE 86 Mexico Innovation Management Market by Services Type, 2023 - 2030, USD Million
TABLE 87 Mexico Innovation Management Market by Function, 2019 - 2022, USD Million
TABLE 88 Mexico Innovation Management Market by Function, 2023 - 2030, USD Million
TABLE 89 Mexico Innovation Management Market by Tools, 2019 - 2022, USD Million
TABLE 90 Mexico Innovation Management Market by Tools, 2023 - 2030, USD Million
TABLE 91 Mexico Innovation Management Market by Vertical, 2019 - 2022, USD Million
TABLE 92 Mexico Innovation Management Market by Vertical, 2023 - 2030, USD Million
TABLE 93 Rest of North America Innovation Management Market, 2019 - 2022, USD Million
TABLE 94 Rest of North America Innovation Management Market, 2023 - 2030, USD Million
TABLE 95 Rest of North America Innovation Management Market by Component, 2019 - 2022, USD Million
TABLE 96 Rest of North America Innovation Management Market by Component, 2023 - 2030, USD Million
TABLE 97 Rest of North America Innovation Management Market by Services Type, 2019 - 2022, USD Million
TABLE 98 Rest of North America Innovation Management Market by Services Type, 2023 - 2030, USD Million
TABLE 99 Rest of North America Innovation Management Market by Function, 2019 - 2022, USD Million
TABLE 100 Rest of North America Innovation Management Market by Function, 2023 - 2030, USD Million
TABLE 101 Rest of North America Innovation Management Market by Tools, 2019 - 2022, USD Million
TABLE 102 Rest of North America Innovation Management Market by Tools, 2023 - 2030, USD Million
TABLE 103 Rest of North America Innovation Management Market by Vertical, 2019 - 2022, USD Million
TABLE 104 Rest of North America Innovation Management Market by Vertical, 2023 - 2030, USD Million
TABLE 105 Key Information – Accenture PLC
TABLE 106 Key Information – Planview, Inc.
TABLE 107 Key Information – SAP SE
TABLE 108 Key Information – Salesforce, Inc.
TABLE 109 Key Information – Boston Consulting Group
TABLE 110 Key Information – Medallia, Inc.
TABLE 111 Key Information – Deloitte Touche Tohmatsu Limited
TABLE 112 Key Information – HYPE Softwaretechnik GmbH
TABLE 113 Key Information – IdeaScale
TABLE 114 Key Information – InnovationCast

List of Figures
FIG 1 Methodology for the research
FIG 2 North America 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 North America Innovation Management Market share by Component, 2022
FIG 7 North America Innovation Management Market share by Component, 2030
FIG 8 North America Innovation Management Market by Component, 2019- 2030, USD Million
FIG 9 North America Innovation Management Market share by Function, 2022
FIG 10 North America Innovation Management Market share by Function, 2030
FIG 11 North America Innovation Management Market by Function, 2019 - 2030, USD Million
FIG 12 North America Innovation Management Market share by Tools, 2022
FIG 13 North America Innovation Management Market share by Tools, 2030
FIG 14 North America Innovation Management Market by Tools, 2019 - 2030, USD Million
FIG 15 North America Innovation Management Market share by Vertical, 2022
FIG 16 North America Innovation Management Market share by Vertical, 2030
FIG 17 North America Innovation Management Market by Vertical, 2019 - 2030, USD Million
FIG 18 North America Innovation Management Market share by Country, 2022
FIG 19 North America Innovation Management Market share by Country, 2030
FIG 20 North America 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