DUBLIN, Nov. 13, 2019 /PRNewswire/ — The “Proposal Management Software Market by Software, Service (Deployment and Integration, Consulting, Support and Maintenance), Deployment Type (On-Premises and Cloud), Organization Size, Vertical, and Region – Global Forecast to 2024” report has been added to ResearchAndMarkets.com’s offering.

The global proposal management software market is expected to grow from USD 1,579 million in 2019 to USD 3,160 million by 2024, at a CAGR of 14.9% during the forecast period.

This growth is fueled by the demand for efficient proposal management to manage the ever-rising proposal volumes across the globe. Major factors expected to drive the growth of the proposal management software market include increasing shift to cloud-based technologies, proposal management becoming an effective tool to increase the winning rate of business deals, and integration of AI-enabled tools with proposal management software.

Proposal management software is a comprehensive proposal management service that caters to the needs of a wide range of industries. With its tools, such as document generation, sales content repository, and merging content, proposal management software aims to automate the key proposal management operations for improved sales results. A lot of financial organizations, health care institutes, legal firms, manufacturing, and service sectors use proposal management software to develop their sales proposals and streamline their Request for Proposal (RFP)-response generation.

The growth of the proposal management software market can be attributed to several factors, such as increasing demand for agile proposal management and the availability of cloud-based deployments of proposal management software. However, the primary driving factors for the proposal management software market are the benefits, such as consistency, tracking, and reduced time to draft the proposal ensuring Return on Investment (RoI). This complete process of managing proposals can be costly and timeconsuming sometimes, but the use of proposal management software simplifies this process by providing templates and automating the proposal management process.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Global Proposal Management Software Market
4.2 Market By Component, 2019 Vs. 2024
4.3 Market By Vertical, 2019-2024
4.4 Market Investment Scenario (2019-2024)

5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Proposal Management is Becoming an Effective Tool to Increase the Winning Rate of Business Deals
5.2.1.2 Increasing Shift to Cloud-Based Technologies
5.2.1.3 Integration of Ai-Enabled Tools With Proposal Management Software
5.2.1.4 Benefits Such as Consistency, Tracking, and Reduced Time to Draft the Proposal Ensuring Roi
5.2.2 Restraints
5.2.2.1 Security and Privacy Concerns for Confidential Data and Business Processes
5.2.3 Opportunities
5.2.3.1 Initiatives From Organizations to Reduce Paper Wastage
5.2.3.2 Growing Demand Among SMEs
5.2.4 Challenges
5.2.4.1 Lack of Standard Procedures and Integration Concerns With Traditional Architectures
5.3 Use Cases
5.3.1 Use Case 1: Healthcare
5.3.2 Use Case 2: Government
5.3.3 Use Case 3: Service Industry
5.4 Impact of Disruptive Technologies
5.4.1 Artificial Intelligence
5.4.2 Robotic Process Automation
5.4.3 Blockchain

6 Proposal Management Software Market By Component
6.1 Introduction
6.2 Software
6.2.1 Proposal Management Software to Ensure Compliance Adherence and Significantly Reduce Contract Related Expenses
6.3 Services
6.3.1 Deployment and Integration
6.3.1.1 Growing Demand for Deployment Services to Help Reduce Complexities in Configuring Software in Existing Systems
6.3.2 Consulting
6.3.2.1 Need for Technical Expertise, Especially in Latin America and Mea, to Drive the Demand for Consulting Services
6.3.3 Support and Maintenance
6.3.3.1 Customer Service Assurance to Fuel the Demand for Support and Maintenance Services

7 Market By Enterprise Size
7.1 Introduction
7.2 Large Enterprises
7.2.1 High Volumes of Contracts to Boost the Demand for Proposal Management Software for Large Enterprises
7.3 Small and Medium-Sized Enterprises
7.3.1 Cost-Effectiveness of Cloud-Based Proposal Management Software to Drive the Demand Among Small and Medium-Sized Enterprises

8 Proposal Management Software Market By Deployment Type
8.1 Introduction
8.2 On-Premises
8.2.1 Security Concerns to Drive the Demand for On-Premises Proposal Management Software
8.3 Cloud
8.3.1 Small and Medium-Sized Enterprises to Drive the Demand for Cloud-Based Proposal Management Software

9 Market By Vertical
9.1 Introduction
9.2 Government
9.2.1 Increased Demand for Transparency and Visibility in the Government Sector to Boost the Need for Proposal Management Software in the Coming Years
9.3 Retail and Ecommerce
9.3.1 Growing Number of Contracts Between Retail and Ecommerce Companies and Supporting Service Industries to Drive the Growth of the Market in the Retail and Ecommerce Vertical
9.4 Healthcare and Life Sciences
9.4.1 Growing Need to Manage a Large Number of Health Systems and Related Services to Drive the Proposal Management Market
9.5 Banking, Financial Services, and Insurance
9.5.1 Digitalization in the BFSI Sector to Drive the Adoption of the Proposal Management Software
9.6 Transportation and Logistics
9.6.1 Increasing Need for Improving Business Operations to Drive the Market in the Transportation and Logistics Vertical
9.7 Manufacturing
9.7.1 Growing Demand to Overcome the Complexity in the Proposal Management Process Among Manufacturing Enterprises
9.8 IT and Telecom
9.8.1 Use of Proposal Management Software for Reducing Transactional Costs to Drive the Adoption in the IT and Telecom Vertical
9.9 Others

10 Proposal Management Software Market By Region
10.1 Introduction
10.2 North America
10.2.1 United States
10.2.1.1 Increasing Need for Enterprises to Automate the Proposal Management Process to Drive the Growth of Proposal Management in the United States
10.2.2 Canada
10.2.2.1 Deployment of Proposal Management Solutions to Get Actionable Insights to Fuel the Market Growth in Canada
10.3 Europe
10.3.1 United Kingdom
10.3.1.1 Increasing Demand for Digital Transformation in Business Operations to Boost the Market in the United Kingdom
10.3.2 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.1.1 High Adoption of Ai and Automation Technologies in the Proposal Workflow in China to Drive the Proposal Management Software Market
10.4.2 Rest of Asia Pacific
10.5 Rest of the World

Company Profiles

• Aarav Software
• Better Proposals
• Bidrik
• Bidsketch
• Deltek
• GetAccept
• Icertis
• iQuoteXpress
• Microsoft
• Nibaal
• Nusii
• PandaDoc
• Practice Ignition
• Privia
• Proposify
• RFPIO
• Sofon
• Tilkee
• WeSuite
• Zbizlink

For more information about this report visit https://www.researchandmarkets.com/r/iw00vv

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