The proposal management software is the software it turns into a simple process of sending a proposal in less time. The on-premises deployment type refers to the use of proposal management software on the premises of the organization rather than a remote facility. The growth of the on-premises deployment type affected the growth of the proposal management software market. Increasing enterprises across the globe also shifting toward cloud-based technologies, leads to the growth of the proposal management software market.
MARKET SCOPE
The "Global Proposal Management Software Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the proposal management software market with detailed market segmentation by component, deployment type, enterprise size, industry vertical, and geography. The report provides key statistics on the market status of the leading proposal management software market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on component, the global proposal management software market is segmented into software and service.
- On the basis of deployment type, the market is segmented into on-premises and cloud.
- Based on enterprise size, the market is segmented into large enterprises and small and medium-size enterprises.
- Based on industry vertical, the market is segmented into government, healthcare and life sciences, BFSI, IT and telecom, retail and ecommerce, transportation and logistics, and others.
MARKET DYNAMICS
Drivers:
- Proposal management software is the tool that helps to send a proposal in less time, which helps the company to increase its efficiency. Additionally, this software makes the process simple by merging content, self-document generation, sales content repository.
- Increasing digitalization and rising demand for the automated process also propel the growth of the proposal management market.
- A growing number of the organization, banking sector, financial services, healthcare, and among others, are expected to drive the growth of the proposal management market.
Restraints:
- Lack of awareness may hinder the growth of the proposal management market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The proposal management software market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the proposal management software market in these regions.
IMPACT OF COVID-19 ON PROPOSAL MANAGEMENT SOFTWARE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the proposal management software market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from proposal management software market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the proposal management software market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Bidsketch
- GetAccept Inc.
- Icertis
- iQuoteXpress, Inc.
- Nusii Proposal S.L.
- PandaDoc Inc.
- Practice Ignition
- SOFON B.V.
- WeSuite
- Xait