Wilmington, May 5, 2021: Axiom Market Research & Consulting™ added a report on global award management software market which includes study on product component, deployment type, organization size, and end user across various countries of key regions across the globe. The global award management software market was projected to grow at a CAGR of 9.12% for the forecast period 2021 to 2027. The global market is estimated and forecasted in terms of revenue (USD Million) generated by the award management software market.
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The study analyses the award management software market based on component, deployment type, organization size, end-users, and geography. The components of the award management software are solution and services. By deployment type the award management software is bifurcated into the cloud-based and on-premises deployment type. Based on the organizational size award management software market is segmented into large organizations and small & medium-sized organizations. Major end-users of the award management software market covered in the study are government, healthcare and human services, educational institutes and others.
The key competitors of the award management software market Blackbaud (US), WizeHive (US), Submittable (US), Evalato (Spain), Award Force (Australia), SmarterSelect (US), Reviewr (US), Eventsforce (UK), Currinda (Australia), AwardStage (UK), AcclaimWorks (England), Judgify (Singapore), Untap Compete (Egypt), OpenWater (US), omniCONTESTS (US), eAwards (Philippines), alpha awards (Austria), Omnipress (US), Submit.com (Ireland) and RhythmQ (Canada).among others.
Award Management Software Market Regional Trends
North America held the largest market share of the award management software market. Technological advancements, growing number of workforce in the industries and increasing adoption of grant management software in the growing countries of North America supports the growth of award management software in the region.
Award Management Software Market Segmental Highlights
- The features of cloud based deployment such as elimination of extra cost related to infrastructure and unlimited storage and easy back up facilities impacted positively on cloud based award management software.
- The demand for award management software is higher in the large organizations as they are deal with the massive data daily. The affordability of large enterprises also impacts positively on the growth of large enterprises segment in the award management software market.
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Research Objectives of Award Management Software Market Report:
- Analysing the outlook of the market with the recent trends and Porter’s five forces analysis.
- Market dynamics, which essentially consider the factors that are impelling the present market scenario, along with growth prospects of the market over the forecast period.
- Market segmentation analysis, including qualitative and quantitative research, incorporating the impact of economic and non-economic aspects.
- Country-level analysis, integrating the demand and supply forces that are influencing the growth of the award management software Market.
- Competitive landscape involving the market share of major players, along with the key strategies adopted for development over the past five years.
- Comprehensive company profiles, covering the product offerings, key financial information, recent developments and strategies employed by the major market players
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