Change Management Software - Global Market Outlook (2019 -2027)
According to Stratistics MRC, the Global Change Management Software Market is accounted for $1,397.11 million in 2019 and is expected to reach $4,156.29 million by 2027 growing at a CAGR of 14.6% during the forecast period. Increase in digital transformation and automation of IT processes and applications are the major factors propelling the market growth. However, complexities involved in the integration of technologies and toolsets are hampering the market growth.
Change management software provides plans, procedures, and other related artifacts necessary for establishing an effective change management program to complete the documentation set to support it. The software helps in improving performance, minimize resistance, reduce costs, enhance innovation, improve work productivity and simplify complete IT change management process. Moreover, change can be difficult, but investing some thoughts, time and money into change management helps an organization ensure effective implementation of a new enterprise software system. The major benefits associated with change management software serve as motivators and assessment of progress. The main purpose of change management software is to implement the approved changes into the project with minimal amount of disruption.
Based on the deployment type, the cloud-based segment is going to have a lucrative growth during the forecast period due to the increase in the number of mobile devices and surge in cloud-based and IoT applications. Moreover, shift from traditional systems to cloud-first approach among enterprise application buyers is expected to further propel the change management software market. Less maintenance and low costs associated with the cloud-based change management software solutions drives the cloud-based segment globally.
By geography, North America is going to have a lucrative growth during the forecast period due to the presence of prominent players such as International Business Machines Corp., BMC Software, Inc., Ivanti, Microsoft Corporation, Oracle Corporation, etc. Expansion of the change management software market in North America is attributed to increase in cyber security threats, especially among the government and banking sectors. Moreover U.S. dominated the North America change management software market and likely to continue its supremacy throughout the forecast period.
Some of the key players profiled in the Change Management Software Market include Axios Systems, BMC Software, Inc, CA Technologies, Cherwell Software, LLC, EasyVista Inc, IBM Corporation, Ivanti, Micro Focus International Plc, ServiceNow Corporation, Zoho Corporation, Sparta Systems, Inc., Honeywell, Alloy Software, Inc., ScienceSoft USA Corporation, and SysAid Technologies Ltd.
• Standalone Software
• Formal Assessment
• Designing & Testing
• Change Documentation
• Final Assessment
• Implementation & Review
Deployment Types Covered:
Organization Sizes Covered:
• Large Enterprizes
• Small and Medium Enterprizes
• Training Management
• Task Management
• Compliance Management
• Change Planning
• Change Calendar
• Audit Trail
• Approval Workflow
End Users Covered:
• Health Care
• Telecom and IT
• Life Sciences
• Medical Device
• Consumer Goods
• Food & Beverages
• Energy & Utilities
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019 2020, 2024, and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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o Comprehensive profiling of additional market players (up to 3)
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• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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