Overview and Scope
Strategy management software is a type of software application that helps organizations develop, implement, and monitor their strategies. It provides a centralized platform for defining goals, objectives, and initiatives, as well as tracking progress and measuring results.
Sizing and Forecast
The strategy management software market size has grown rapidly in recent years. It will grow from $2.44 billion in 2023 to $2.79 billion in 2024 at a compound annual growth rate (CAGR) of 14.1%. The growth in the historic period can be attributed to increased focus on strategic planning and execution, rise of project management and OKR (objectives and key results) frameworks, rapid digitization and adoption of advanced technologies, increased demand for effective time management, scalability, and flexibility, increased focus on strategic planning and execution.
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Segmentation & Regional Insights
The strategy management software market covered in this report is segmented –
1) By Type: Cloud-Based, On-Premise
2) By Component: Solutions, Services
3) By Platform: Mobile Devices , Desktops
4) By End-user: Banking, Financial Services and Insurance (BFSI), Automobile, Healthcare, Government, Logistics and Transportation, Manufacturing, Media and Entertainment, Information Technology and Telecom
North America was the largest region in the strategy management software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the strategy management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing demand for remote work is expected to propel the growth of the strategy management software market going forward. Remote work, also known as telecommuting or telework, refers to the practice of performing work outside of a traditional office setting, typically from a location other than the employer’s physical workplace. Remote work allows organizations to conduct virtual strategy sessions and planning meetings, bringing together team members from different locations without the need for travel. Strategy management software enables remote teams to facilitate these sessions efficiently, providing a centralized platform for brainstorming, idea sharing, and decision-making. For instance, in August 2023, according to Upwork Inc., a US-based freelancing platform, in the United States, 26% of workers and 1 in 4 citizens worked remotely as of 2021. It is projected that around 22% of American workers, or 36.2 million people, are expected to work from home by 2025. Therefore, the increasing demand for remote work is driving the growth of the strategy management software market.
Key Industry Players
Major companies operating in the strategy management software market report are United Parcel Service Inc., Accenture Plc, Kuehne + Nagel International AG, Oracle Corporation, SAP SE, Schenker AG, C.H. Robinson Worldwide Inc., Tagetik Software Srl, Werner Enterprises Inc., Rhythm Systems, Kaufman Dolowich & Voluck LLP, JDA Software Inc., Hall and Associates, Planview Inc., BluJay Solutions Inc., Ceva Logistics Inc., MercuryGate International Inc., Prophix Software Inc., McLeod Software , Riege Software International GmbH, Responsis Pty Ltd., SmartDraw Software LLC, Logisuite Corporation, Envisio Solutions Inc., M3 Planning Inc., Linbis Inc., Footage Firm Inc.
The strategy management software market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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