The change management software global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Change Management Software Market, 2024 report by The Business Research Company
offers comprehensive insights into the current state of the market and
highlights future growth opportunities.
Market Size -
The change management software market size has grown rapidly in recent years.
It will grow from $1.80 billion in 2023 to $2.01 billion in 2024 at a compound
annual growth rate (CAGR) of 11.9%. The
growth in the historic period can be attributed to the rise in growth of the IT
and telecommunication sector, increasing complexity of business operations,
increasing globalization, regulatory requirements, and growing focus on
employee engagement.
The change management software market size is expected to see rapid growth in
the next few years. It will grow to $3.20 billion in 2028 at a compound annual
growth rate (CAGR) of 12.3%. The growth
in the forecast period can be attributed to growing demand for cloud-based
solutions, increasing need for remote work collaboration tools, rising adoption
of agile methodologies, emphasis on digital transformation initiatives, and
growing internet facilities with advanced speed. Major trends in the forecast
period include AI-driven change management, focus on employee engagement,
integration with collaboration tools, emphasis on data analytics, and agile
methodologies adoption.
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Scope Of Change Management Software Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Change Management Software Market Overview
Market Drivers -
The increase in cyberattacks on businesses is expected to propel the change
management software market going forward. Cyber-attacks refer to malicious
attempts to disrupt, damage, or gain unauthorized access to computer systems,
networks, or data. The increase in cyberattacks on businesses is primarily due
to the growing reliance on digital technologies, the expanding attack surface,
and the evolving sophistication of cybercriminal tactics. Change management
software enables organizations to conduct risk assessments and evaluations of
proposed IT systems and infrastructure changes by providing risk mitigation
strategies, such as testing, validation, and rollback procedures. For instance,
according to the Federal Bureau of Investigation, a US-based law enforcement
agency, complaints about business investment fraud increased by 127%, from
$1.45 billion in 2021 to $3.31 billion in 2022. Further, there were 183% more
charges of bitcoin investment fraud, from $907 million in 2021 to $2.57 billion
in 2022. Therefore, the increase in cyberattacks on businesses is driving the
growth of the change management software market.
Market Trends -
Major companies operating in the bus dispatch management systems software
market are focused on developing innovative solutions, such as Operations, to
gain competitive advantages in the market. Operations is a real-time tracking
and predictive analytics software tool that enables transit agencies to improve
public transportation systems' efficiency, reliability, and responsiveness,
ultimately enhancing the passenger experience and promoting sustainable
mobility. For instance, in June 2022, Lufthansa Systems, an Israel-based
developer of an AI-enabled SaaS platform for planning and operating public
transportation, launched Operations, a real-time cloud-native solution designed
to mitigate driver-related service disruptions in public transportation
planning and management. This software helps public transport operators address
staffing issues by improving driver and vehicle allocation, detecting potential
depot disruptions in real-time, and suggesting solutions to challenges like
driver call-outs or delays.
The change management software market covered in this report is segmented –
1) By Component: Software, Services
2) By Deployment Type: On-Premise,
Cloud-Based
3) By Organization Size: Small And Medium-Sized Enterprises (SMEs), Large
Enterprise
4) By End Use Industry: Banking, Financial Services, And Insurance (BFSI),
Healthcare And Life Sciences, Education, Government And Public Sector, Telecom
And IT (Information Technology), Retail And Consumer Packaged Goods, Other End
Use Industries
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Regional Insights -
North America was the largest region in the change management software market
in 2023. Asia-Pacific is expected to be the fastest-growing region in the
forecast period. The regions covered in the change management software market
report are Asia-Pacific, Western Europe, Eastern Europe, North America, South
America, Middle East and Africa.
Key Companies -
Major companies operating in the change management software market are
Microsoft Corporation, Microsoft Corporation, IBM Corporation, Broadcom Inc.,
Sunview Software, ServiceNow Inc., BMC Software Inc., Micro Focus International
plc, Zoho Corporation, Solarwinds Worldwide LLC, Ivanti, Freshworks, Sparta
Systems Inc., Chef Software, The Puppet Company, Whatfix, Cherwell Software
LLC, EasyVista Inc., CA Technologies Inc., Integrify, Axios Systems plc,
OMNINET, SysAid Technologies Ltd., NetZoom Inc., Cognician, Pointel, Canfigure,
ideas4all Innovation, Kinvey Inc., The Change Compass
Table of Contents
1. Executive Summary
2. Change Management Software Market Report Structure
3. Change Management Software Market Trends And Strategies
4. Change Management Software Market – Macro Economic Scenario
5. Change Management Software Market Size And Growth
…..
27. Change Management Software Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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