Business Plan Software Market Size, Trends and Growth Analysis by 2027

The business plan software market is projected to experience significant revenue growth, reaching approximately US$ 137,871.4 thousand by the year 2027, up from US$ 82,730.3 thousand in 2019. This growth trajectory indicates a compound annual growth rate (CAGR) of around 7.0% throughout the forecast period.

A key driver of this market expansion is the increasing number of start-ups globally, which is creating a heightened demand for business plan software. Additionally, the affordability of such software compared to traditional consulting services is another significant factor contributing to the market's growth. However, the persistent reliance on conventional business planning methods may pose challenges to the market's advancement.

The remarkable surge in global industrialization is closely linked to the proliferation of start-ups, small and medium enterprises (SMEs), and large corporations across various sectors. The current landscape is characterized by a thriving start-up ecosystem that is invigorating the economies of nations worldwide. New entrepreneurs are actively seeking business planning solutions to evaluate their business opportunities effectively. In developed countries, many emerging entrepreneurs are increasingly aware of the advantages offered by software-based business planning, leading to a notable rise in demand for business plan software among firms that provide these services. This trend is positively impacting the overall growth of the business plan software market.

The market for business plan software is categorized based on several criteria, including platform, deployment type, subscription model, and geographical region. In terms of platform, the market is divided into iOS, Windows, and others. The Windows segment captured the largest market share in 2019. When considering deployment types, the market is split into on-premise and cloud solutions, with the cloud segment leading the market in 2019 and expected to maintain its dominance throughout the forecast period. Subscription types are categorized into one-time, monthly, and annual options.

Geographically, the market is segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and South America. In 2019, North America held the largest market share and is anticipated to sustain its leading position until 2027.

The overall size of the business plan software market has been determined through a combination of primary and secondary research methodologies. The research process commenced with extensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data relevant to the market. This approach not only provides a comprehensive overview and forecast for the business plan software market across all segments but also offers insights into the global market based on the five major regions: North America, Europe, Asia Pacific, the Middle East and Africa, and South America.

Furthermore, primary interviews were conducted with industry stakeholders and experts to validate the data and gain deeper analytical insights into the market dynamics. Participants in these interviews included industry professionals such as Vice Presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in business plan software.

Notable companies operating within the global business plan software market include Atlas Business Solutions Inc., Enloop Inc., Palo Alto Software, Planguru LLC, StratPad, Inc., Startups.com LLC, The Business Plan Shop Ltd., Tarkenton.com, Simpleplanning, and Upmetrics.