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Proposal management is a process that involves implementing specific techniques and actions in an effort to improve team collaboration and proposal quality. However, in today’s fast paced business environment, managers require efficient tools to effectively create proposals. For such managers, proposal management software or solutions help in creating, storing and managing proposals quickly and in a refined way.
The global proposal management software market size is anticipated to reach approximately USD 4.1 billion by 2025. This can be attributed to ongoing automation across organizations and sales teams’ effort to automate proposal making process, increase sales efficiency and conversion. Also, the integration of AI is proving to be important factor in the growing demand for proposal management software.
However, most of the recent proposal management software are cloud based which raises measure security concern over confidential business data. This is a key factor to hamper the proposal management software market growth. Furthermore, increasing number of SMEs and startups are expected to create lucrative opportunities for the market in the forthcoming years.
Key Segments of the Global Proposal Management Software Market
Component Overview, 2018-2025 (USD Billion)
Deployment Mode Overview, 2018-2025 (USD Billion)
Enterprise Size Overview, 2018-2025 (USD Billion)
Industry vertical Overview, 2018-2025 (USD Billion)
Regional Overview, 2018-2025 (USD Billion)
North America
Europe
Asia Pacific
Middle East and Africa
South America
Reasons for the study
What does the report include?
Who should buy this report?
Today, the markets have become highly competitive. With the ongoing digital transformation, organizations are digitizing and automating every possible business function or process. The proposals and contract management are the key processes in sales, and sales teams are always looking to improve sales efficiency and increase conversion rates. The proposal management software is a key solution for such sales teams, as such software reduce the turnaround time once the RFP is generated. Also, with the availability of AI and cloud based solutions the proposal management process becoming highly effective and conversion rates are comparatively higher. With the rise in number of SME’s and developing startup, there will be significant demand for proposal management software in future.
Component Segment
Based on the component segment, the market is divided into software and services. In 2019, the software segment gathered the highest market revenue and it is anticipated to dominate the proposal management software market throughout the forecast period. However, the services segment is expected to gather the highest growth throughout the forecast period.
Industry Vertical Segment
Based on industry vertical, the market is bifurcated into IT & telecom, BFSI, retail, healthcare, government and defense, manufacturing, and others. In 2019, the IT & Telecom segment captured the highest market revenue and is anticipated to dominate the proposal management software market throughout the forecast period. The growth of this segment is mainly attributed to the higher level of awareness and early adoption of such solutions.
The North America region dominated the overall market in 2019 and it is expected to do so throughout the forecast period 2020-2025. The dominance of this region mainly attributed to the presence of major market players such as Microsoft, Icertis, Deltek, Proposify, and others in this region. Also, early awareness and adoption is also the key market driver for this region. However, the Asia-Pacific region is anticipated to experience the highest growth during the forecast period. The growth of this region is mainly accredited to rapid digital transformation in the region as well as presence of large number of SMEs.
The major players of the global proposal management software market are Icertis, Microsoft, Deltek, WeSuite, GetAccept, Nusii, iQuoteXpress, Sofon, Tilkee and Proposify. The recognized companies are coming up with updated solutions and services, especially in integration with Artificial Intelligence and cloud. The leading companies are investing into both organic as well as in-organic growth strategies.
Proposal management is a process that involves implementing specific techniques and actions in an effort to improve team collaboration and proposal quality. However, in today’s fast paced business environment, managers require efficient tools to effectively create proposals. For such managers, proposal management software or solutions help in creating, storing and managing proposals quickly and in a refined way.
The global proposal management software market size is anticipated to reach approximately USD 4.1 billion by 2025. This can be attributed to ongoing automation across organizations and sales teams’ effort to automate proposal making process, increase sales efficiency and conversion. Also, the integration of AI is proving to be important factor in the growing demand for proposal management software.
However, most of the recent proposal management software are cloud based which raises measure security concern over confidential business data. This is a key factor to hamper the proposal management software market growth. Furthermore, increasing number of SMEs and startups are expected to create lucrative opportunities for the market in the forthcoming years.
Key Segments of the Global Proposal Management Software Market
Component Overview, 2018-2025 (USD Billion)
Deployment Mode Overview, 2018-2025 (USD Billion)
Enterprise Size Overview, 2018-2025 (USD Billion)
Industry vertical Overview, 2018-2025 (USD Billion)
Regional Overview, 2018-2025 (USD Billion)
North America
Europe
Asia Pacific
Middle East and Africa
South America
Reasons for the study
What does the report include?
Who should buy this report?
Chapter 1 Introduction
1.1 Introduction to the Study
1.2 Market Definition and Scope
1.3 Units, Currency, Conversions and Years Considered
1.4 Key Stakeholders
1.5 Key Questions Answered
Chapter 2 Research Methodology
2.1 Introduction
2.2 Data Capture Sources
2.2.1 Primary Sources
2.2.2 Secondary Sources
2.3 Market Size Estimation
2.4 Market Forecast
2.5 Data Triangulation
2.6 Assumptions and Limitations
Chapter 3 Executive Summary
Chapter 4 Market Outlook
4.1 Introduction
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.1.1 To increase sales efficiency and sales conversion rate
4.3.1.2 Integration of AI and Cloud
4.3.2 Restraints
4.3.2.1 Higher data security and privacy concerns
4.3.3 Opportunities
4.3.3.1 Developing startup ecosystem and rising number of SMEs
4.4 Porter’s Five Forces Analysis
4.5 PEST Analysis
Chapter 5 Proposal Management Software Market by Component
5.1 Introduction
5.1.1 Software
5.1.2 Services
5.1.2.1 Deployment and Integration
5.1.2.2 Consulting
5.1.2.3 Support and Maintenance
Chapter 6 Proposal Management Software Market by Deployment Mode
6.1 Introduction
6.1.1 On-premise
6.1.2 Cloud
Chapter 7 Proposal Management Software Market by Enterprise Size
7.1 Introduction
7.1.1 Large Enterprise
7.1.2 SME
Chapter 8 Proposal Management Software Market by Industry Vertical
8.1 Introduction
8.1.1 IT & Telecom
8.1.2 BFSI
8.1.3 Retail
8.1.4 Healthcare
8.1.5 Government and Defense
8.1.6 Others
Chapter 9 Proposal Management Software Market by Region
9.1 Introduction
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.3 Europe
9.3.1 Germany
9.3.2 France
9.3.3 UK
9.3.4 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 Rest of Asia Pacific
9.5 Middle East & Africa
9.5.1 UAE
9.5.2 South Africa
9.5.3 Rest of Middle East & Africa
9.6 South America
9.6.1 Brazil
9.6.2 Rest of South America
Chapter 10 Competitive Landscape
10.1 Overview
10.2 Strategic Initiatives
10.2.1 Mergers & Acquisitions
10.2.2 New Product Launch
10.2.3 Investments
10.2.4 Expansion
10.2.5 Others
Chapter 11 Company Profiles
11.1 Icertis
11.1.1 Overview
11.1.2 Products and Services Portfolio
11.1.3 Recent Initiatives
11.1.4 Company Financials
11.1.5 SWOT
11.2 Microsoft
11.2.1 Overview
11.2.2 Products and Services Portfolio
11.2.3 Recent Initiatives
11.2.4 Company Financials
11.2.5 SWOT
11.3 Deltek
11.3.1 Overview
11.3.2 Products and Services Portfolio
11.3.3 Recent Initiatives
11.3.4 Company Financials
11.3.5 SWOT
11.4 WeSuite
11.4.1 Overview
11.4.2 Products and Services Portfolio
11.4.3 Recent Initiatives
11.4.4 Company Financials
11.4.5 SWOT
11.5 GetAccept
11.5.1 Overview
11.5.2 Products and Services Portfolio
11.5.3 Recent Initiatives
11.5.4 Company Financials
11.5.5 SWOT
11.6 Nusii
11.6.1 Overview
11.6.2 Products and Services Portfolio
11.6.3 Recent Initiatives
11.6.4 Company Financials
11.6.5 SWOT
11.7 iQuoteXpress
11.7.1 Overview
11.7.2 Products and Services Portfolio
11.7.3 Recent Initiatives
11.7.4 Company Financials
11.7.5 SWOT
11.8 Sofon
11.8.1 Overview
11.8.2 Products and Services Portfolio
11.8.3 Recent Initiatives
11.8.4 Company Financials
11.8.5 SWOT
11.9 Tilkee
11.9.1 Overview
11.9.2 Products and Services Portfolio
11.9.3 Recent Initiatives
11.9.4 Company Financials
11.9.5 SWOT
11.10 Practice Ignition
11.10.1 Overview
11.10.2 Products and Services Portfolio
11.10.3 Recent Initiatives
11.10.4 Company Financials
11.10.5 SWOT
11.11 Other Companies