Award Management Software Market Growth, Trends, Industry Statistics 2022-2030

The global Award Management Software market size is expected to be worth around US$ 5.1 billion by 2030, according to a new report by Vision Research Reports.

The global Award Management Software market size was valued at US$ 652.1 million in 2020 and is anticipated to grow at a CAGR of 9.2% during forecast period 2021 to 2030.

Download Exclusive Sample of Report@ https://www.visionresearchreports.com/report/sample/39058

Report Coverage

Report Scope Details
Market Size US$ 5.1 billion by 2030
Growth Rate CAGR of 9.2% From 2021 to 2030
Largest Market North America
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Component, Deployment, Organization, End-user
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned AcclaimWorks; Alpha Awards; Award Force; AwardStage; Blackbaud; Currinda; Evalato; Impexium Inc.; Judgify; Reviewr; RhythmQ; Submit.com; Submittable; WIZEHIVE; Zealous Solutions Ltd.

Growth Factors

The rising need among enterprises to improve the overall award process by accelerating award application review is expected to drive the growth of the market. The capabilities of award management software to automate report creation to keep the record of the award process, screen large volumes of entries, reduce the time to scrutinize, and subsequently, reduce administrative costs are expected to drive the adoption of award management software over the forecast period.

Award management software allows enterprises to manage and streamline various aspects of the award process. Enterprises typically utilize the software to create award programs, invite applications, review and evaluate entries, and compile and record the entire award management process to maintain transparency.

By Component Analysis

Based on component, the market has been further segmented into solution and service. The solution segment dominated the market in 2020 and accounted for a revenue share of over 60%.

The efficient tools award management software facilitates for professionals to effectively engage with the applicants, reviewers, sponsors, and award organizers also bode well for the growth of the segment.

The service segment is anticipated to expand at the second-highest CAGR over the forecast period. Award management services comprise implementation and integration, training and education, and support and maintenance.

By Deployment Analysis

The cloud segment dominated the market in 2020 with a revenue share of 50.8%. Opting for cloud-based award management software provides a unified way to integrate the systems and components with both mobile apps and web applications.

The cloud segment is also expected to register the highest CAGR over the forecast period. Organizations are aggressively switching to cloud-based solutions to exploit various benefits, such as enhanced collaboration, flexibility, scalability, and cost-effectiveness, associated with cloud-based software.

By Organization Analysis

Based on organization, the market has been further segmented into small and medium enterprise and large enterprise. The large enterprise segment dominated the market in 2020 with a revenue share of around 60%. Large enterprises have to maintain and process large volumes of data as part of their award process.

The large enterprise segment is also estimated to expand at the highest CAGR from 2021 to 2030. The growth of the segment can be attributed to the large number of applications large enterprises have to scrutinize to make effective decisions on providing awards.

By End-user Analysis

Based on end-user, the market has been further segmented into government, educational institutes, corporations, industry associations, philanthropic organizations, and others. The corporation segment dominated the market in 2020 with a revenue share of around 24%.

The current competitive market is prompting both large and small enterprises to award deserving employees as part of the efforts to attract new talent while encouraging and retaining the incumbent talented professionals.

The educational institute segment is expected to expand at the highest CAGR over the forecast period. Colleges and universities often have to manage the list of programs over multiple systems and software.

By Regional Analysis

North America accounted for the highest revenue share of 27.8% in 2020. Developed economies in North America, such as the U.S. and Canada, are considered early adopters of the latest technologies. North America is home to some of the major market players, which bodes well for the growth of the regional market.

Advances in technology, the growing population, and the growing concerns over efficient management of the award process among organizations in Asia Pacific countries, such as India, China, and Japan, are expected to boost the adoption of award management software in the region.

Key Players

  • AcclaimWorks
  • Alpha Awards
  • Award Force
  • AwardStage
  • Blackbaud
  • Currinda
  • Evalato
  • Impexium Inc.
  • Judgify
  • Reviewr
  • RhythmQ
  • Submit.com
  • Submittable
  • WIZEHIVE
  • Zealous Solutions Ltd.

Market Segmentation

  • By Component
    • Solution
    • Service
  • By Deployment
    • Cloud
    • On-Premise
  • By Organization
    • Small and Medium Enterprise
    • Large Enterprise
  • By End-user
    • Government
    • Educational Institute
    • Corporation
    • Industry Association
    • Philanthropic Organization
    • Others
  • Regional
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
    • Asia Pacific
      • China
      • Japan
      • India
    • Latin America
      • Brazil
      • Mexico
    • Middle East & Africa

Buy this Research Report study@ https://www.visionresearchreports.com/report/cart/39058

Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Organization Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Award Management Software Market, By Component

7.1.  Award Management Software Market, by Component, 2021-2030

7.1.1.    Solution

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Service

7.1.2.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Award Management Software Market, By Deployment

8.1.  Award Management Software Market, by Deployment, 2021-2030

8.1.1.    Cloud

8.1.1.1.        Market Revenue and Forecast (2017-2030)

8.1.2.    On-Premise

8.1.2.1.        Market Revenue and Forecast (2017-2030)

Chapter 9.  Global Award Management Software Market, By Organization

9.1.  Award Management Software Market, by Organization, 2021-2030

9.1.1.    Small and Medium Enterprise

9.1.1.1.        Market Revenue and Forecast (2017-2030)

9.1.2.    Large Enterprise

9.1.2.1.        Market Revenue and Forecast (2017-2030)

Chapter 10.      Global Award Management Software Market, By End-use

10.1.        Award Management Software Market, by End-use, 2021-2030

10.1.1.  Government

10.1.1.1.      Market Revenue and Forecast (2017-2030)

10.1.2.  Educational Institute

10.1.2.1.      Market Revenue and Forecast (2017-2030)

10.1.3.  Corporation

10.1.3.1.      Market Revenue and Forecast (2017-2030)

10.1.4.  Industry Association

10.1.4.1.      Market Revenue and Forecast (2017-2030)

10.1.5.  Philanthropic Organization

10.1.5.1.      Market Revenue and Forecast (2017-2030)

Chapter 11.      Global Award Management Software Market, Regional Estimates and Trend Forecast

11.1.        North America

11.1.1.  Market Revenue and Forecast, by Component (2017-2030)

11.1.2.  Market Revenue and Forecast, by Deployment (2017-2030)

11.1.3.  Market Revenue and Forecast, by Organization (2017-2030)

11.1.4.  Market Revenue and Forecast, by End-use (2017-2030)

11.1.5.  U.S.

11.1.5.1.      Market Revenue and Forecast, by Component (2017-2030)

11.1.5.2.      Market Revenue and Forecast, by Deployment (2017-2030)

11.1.5.3.      Market Revenue and Forecast, by Organization (2017-2030)

11.1.5.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.1.6.  Rest of North America

11.1.6.1.      Market Revenue and Forecast, by Component (2017-2030)

11.1.6.2.      Market Revenue and Forecast, by Deployment (2017-2030)

11.1.6.3.      Market Revenue and Forecast, by Organization (2017-2030)

11.1.6.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.2.        Europe

11.2.1.  Market Revenue and Forecast, by Component (2017-2030)

11.2.2.  Market Revenue and Forecast, by Deployment (2017-2030)

11.2.3.  Market Revenue and Forecast, by Organization (2017-2030)

11.2.4.  Market Revenue and Forecast, by End-use (2017-2030)

11.2.5.  UK

11.2.5.1.      Market Revenue and Forecast, by Component (2017-2030)

11.2.5.2.      Market Revenue and Forecast, by Deployment (2017-2030)

11.2.5.3.      Market Revenue and Forecast, by Organization (2017-2030)

11.2.5.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.2.6.  Germany

11.2.6.1.      Market Revenue and Forecast, by Component (2017-2030)

11.2.6.2.      Market Revenue and Forecast, by Deployment (2017-2030)

11.2.6.3.      Market Revenue and Forecast, by Organization (2017-2030)

11.2.6.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.2.7.  France

11.2.7.1.      Market Revenue and Forecast, by Component (2017-2030)

11.2.7.2.      Market Revenue and Forecast, by Deployment (2017-2030)

11.2.7.3.      Market Revenue and Forecast, by Organization (2017-2030)

11.2.7.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.2.8.  Rest of Europe

11.2.8.1.      Market Revenue and Forecast, by Component (2017-2030)

11.2.8.2.      Market Revenue and Forecast, by Deployment (2017-2030)

11.2.8.3.      Market Revenue and Forecast, by Organization (2017-2030)

11.2.8.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.3.        APAC

11.3.1.  Market Revenue and Forecast, by Component (2017-2030)

11.3.2.  Market Revenue and Forecast, by Deployment (2017-2030)

11.3.3.  Market Revenue and Forecast, by Organization (2017-2030)

11.3.4.  Market Revenue and Forecast, by End-use (2017-2030)

11.3.5.  India

11.3.5.1.      Market Revenue and Forecast, by Component (2017-2030)

11.3.5.2.      Market Revenue and Forecast, by Deployment (2017-2030)

11.3.5.3.      Market Revenue and Forecast, by Organization (2017-2030)

11.3.5.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.3.6.  China

11.3.6.1.      Market Revenue and Forecast, by Component (2017-2030)

11.3.6.2.      Market Revenue and Forecast, by Deployment (2017-2030)

11.3.6.3.      Market Revenue and Forecast, by Organization (2017-2030)

11.3.6.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.3.7.  Japan

11.3.7.1.      Market Revenue and Forecast, by Component (2017-2030)

11.3.7.2.      Market Revenue and Forecast, by Deployment (2017-2030)

11.3.7.3.      Market Revenue and Forecast, by Organization (2017-2030)

11.3.7.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.3.8.  Rest of APAC

11.3.8.1.      Market Revenue and Forecast, by Component (2017-2030)

11.3.8.2.      Market Revenue and Forecast, by Deployment (2017-2030)

11.3.8.3.      Market Revenue and Forecast, by Organization (2017-2030)

11.3.8.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.4.        MEA

11.4.1.  Market Revenue and Forecast, by Component (2017-2030)

11.4.2.  Market Revenue and Forecast, by Deployment (2017-2030)

11.4.3.  Market Revenue and Forecast, by Organization (2017-2030)

11.4.4.  Market Revenue and Forecast, by End-use (2017-2030)

11.4.5.  GCC

11.4.5.1.      Market Revenue and Forecast, by Component (2017-2030)

11.4.5.2.      Market Revenue and Forecast, by Deployment (2017-2030)

11.4.5.3.      Market Revenue and Forecast, by Organization (2017-2030)

11.4.5.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.4.6.  North Africa

11.4.6.1.      Market Revenue and Forecast, by Component (2017-2030)

11.4.6.2.      Market Revenue and Forecast, by Deployment (2017-2030)

11.4.6.3.      Market Revenue and Forecast, by Organization (2017-2030)

11.4.6.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.4.7.  South Africa

11.4.7.1.      Market Revenue and Forecast, by Component (2017-2030)

11.4.7.2.      Market Revenue and Forecast, by Deployment (2017-2030)

11.4.7.3.      Market Revenue and Forecast, by Organization (2017-2030)

11.4.7.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.4.8.  Rest of MEA

11.4.8.1.      Market Revenue and Forecast, by Component (2017-2030)

11.4.8.2.      Market Revenue and Forecast, by Deployment (2017-2030)

11.4.8.3.      Market Revenue and Forecast, by Organization (2017-2030)

11.4.8.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.5.        Latin America

11.5.1.  Market Revenue and Forecast, by Component (2017-2030)

11.5.2.  Market Revenue and Forecast, by Deployment (2017-2030)

11.5.3.  Market Revenue and Forecast, by Organization (2017-2030)

11.5.4.  Market Revenue and Forecast, by End-use (2017-2030)

11.5.5.  Brazil

11.5.5.1.      Market Revenue and Forecast, by Component (2017-2030)

11.5.5.2.      Market Revenue and Forecast, by Deployment (2017-2030)

11.5.5.3.      Market Revenue and Forecast, by Organization (2017-2030)

11.5.5.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.5.6.  Rest of LATAM

11.5.6.1.      Market Revenue and Forecast, by Component (2017-2030)

11.5.6.2.      Market Revenue and Forecast, by Deployment (2017-2030)

11.5.6.3.      Market Revenue and Forecast, by Organization (2017-2030)

11.5.6.4.      Market Revenue and Forecast, by End-use (2017-2030)

Chapter 12.  Company Profiles

12.1.              AcclaimWorks

12.1.1.  Company Overview

12.1.2.  Component Offerings

12.1.3.  Financial Performance

12.1.4.  Recent Initiatives

12.2.              Alpha Awards

12.2.1.  Company Overview

12.2.2.  Component Offerings

12.2.3.  Financial Performance

12.2.4.  Recent Initiatives

12.3.              Award Force

12.3.1.  Company Overview

12.3.2.  Component Offerings

12.3.3.  Financial Performance

12.3.4.  Recent Initiatives

12.4.              AwardStage

12.4.1.  Company Overview

12.4.2.  Component Offerings

12.4.3.  Financial Performance

12.4.4.  Recent Initiatives

12.5.              Blackbaud

12.5.1.  Company Overview

12.5.2.  Component Offerings

12.5.3.  Financial Performance

12.5.4.  Recent Initiatives

12.6.              Currinda

12.6.1.  Company Overview

12.6.2.  Component Offerings

12.6.3.  Financial Performance

12.6.4.  Recent Initiatives

12.7.              Evalato

12.7.1.  Company Overview

12.7.2.  Component Offerings

12.7.3.  Financial Performance

12.7.4.  Recent Initiatives

12.8.              Impexium Inc.

12.8.1.  Company Overview

12.8.2.  Component Offerings

12.8.3.  Financial Performance

12.8.4.  Recent Initiatives

12.9.              Judgify

12.9.1.  Company Overview

12.9.2.  Component Offerings

12.9.3.  Financial Performance

12.9.4.  Recent Initiatives

12.10.           Reviewr

12.10.1.               Company Overview

12.10.2.               Component Offerings

12.10.3.               Financial Performance

12.10.4.               Recent Initiatives

Chapter 13.  Research Methodology

13.1.              Primary Research

13.2.              Secondary Research

13.3.              Assumptions

Chapter 14.  Appendix

14.1.              About Us

Glossary of Terms

Buy this Research Report study@ https://www.visionresearchreports.com/report/cart/39058

Contact Us:

Vision Research Reports

Call: +1 9197 992 333

Email: sales@visionresearchreports.com