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Global Award Management Software Market: By Type: Services, Solution; By Deployment Type: On-premises, Cloud; By Function: Judging Management, Entry Management, Others; By End User; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Award Management Software Market Outlook

The global award management software market is expected to grow at a CAGR of 8.6% during the period 2022-2027. The market is expected to be driven by organizations’ need to effectively manage their award processes. North America and Europe are expected to be key markets.

 

Global Market Likely to be Driven by the Need to Effectively Manage Award Processes

Award management software are used by firms to manage awards processes, including submission, collection, nomination, judging and awarding. All types of organizations use award management solutions to manage every phase of the awards process. Schools, educational institutions and businesses use management software to accept and examine applications, judge submissions, and release results to participants through a single platform. Such solutions lessen the challenges associated with running an awards program and having to bring together multiple solutions. Users may communicate with applicants, vote on submissions, and generate reports on the awards process.

Award management software consolidate data pertinent to awards processes. Award management solutions often contain grant management features. Solutions in this category also offer data integration features, and are often used in combination with non-profit software.

 

Modern Solutions Catering to Different Types of Organizations Expected to Stimulate the Global Award Management Software Market

To qualify for inclusion in the Awards Management category, a product must have the capacity to manage awards opportunity pipelines, accept awards submissions, provide communication channels between applicants and firm (or business), contain award life-cycle management features (such as planning, judging, award results), and contain reporting features. Some popular award management software include Award Force, SurveyMonkey Apply, Submittable, OpenWater App & Review Cloud, Evalato, WizeHive Zengine, and Zealous.

Modern solutions include cloud software for organisers of awards, employee recognition, grants, scholarships and pitch competitions to manage submission, evaluation and award of results, online. These solutions are designed for performance and function, and are fast, secure, and deliver superior experience for program participants. Such solutions may bae used for awards management, staff excellence / employee recognition, grant application management, accelerator program intake, incubator program intake, venture or seed capital. Such software are used by different types of organizations, including arts and cultural organizations, companies, faith communities, foundations, healthcare organizations, schools and higher education institutions, non-profit organizations.

 

Cloud Based Solutions that are Easily Accessible from Any Device, and that Offer Superior Performance are Likely to Boost Global Award Management Software Market Growth

Modern solutions may be readily accessed from any device, help automate processes, keep users up to date, and offer real-time insights into applications. Such solutions provide users the tools to launch, measure, and grow social impact programs, locally as well as globally. These solutions assist in grants, scholarships, awards and CSR programs. The start-to-finish platforms make workflows smarter and more efficient, enabling better decisions and larger impact.

 

Market Segmentation

By type, the market is classified into:

  • Services
  • Solution

By deployment type, the market is segmented into:

  • On-premises
  • Cloud

By function, the market is divided into:

  • Judging Management
  • Entry Management
  • Application Tracking
  • Reporting And Analytics
  • Others

By end user, the market is segmented into:

  • Government
  • Corporations
  • Educational Institutions
  • Industry Associations
  • Non-Profit Organizations
  • Others

By region, the market is classified into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

 

Key Industry Players in the Global Award Management Software Market

The report presents a detailed analysis of the following key players in the market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Eventsforce Solutions Ltd 
  • Submit.com
  • GlobalSign.in Pte Ltd
  • Blackbaud, Inc.
  • Submittable Holdings, Inc.
  • Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Award Management Software Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Award Management Software Historical Market (2017-2021) 
    8.3    Global Award Management Software Market Forecast (2022-2027)
    8.4    Global Award Management Software Market by Type
        8.4.1    Services
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Solution
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
    8.5    Global Award Management Software Market by Deployment Type
        8.5.1    On-premises
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Cloud
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
    8.6    Global Award Management Software Market by Function
        8.6.1    Judging Management
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Entry Management
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
        8.6.3    Application Tracking
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2017-2021)
            8.6.3.3    Forecast Trend (2022-2027)
        8.6.4    Reporting And Analytics
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2017-2021)
            8.6.4.3    Forecast Trend (2022-2027)
        8.6.5    Others
    8.7    Global Award Management Software Market by End User
        8.7.1    Government
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2017-2021)
            8.7.1.3    Forecast Trend (2022-2027)
        8.7.2    Corporations
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2017-2021)
            8.7.2.3    Forecast Trend (2022-2027)
        8.7.3    Educational Institutions
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2017-2021)
            8.7.3.3    Forecast Trend (2022-2027)
        8.7.4    Industry Associations
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2017-2021)
            8.7.4.3    Forecast Trend (2022-2027)
        8.7.5    Non-Profit Organizations
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2017-2021)
            8.7.5.3    Forecast Trend (2022-2027)
        8.7.6    Others
    8.8    Global Award Management Software Market by Region
        8.8.1    Market Share
            8.8.1.1    North America
            8.8.1.2    Europe
            8.8.1.3    Asia Pacific
            8.8.1.4    Latin America
            8.8.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
11    Competitive Landscape
    11.1    Market Structure
    11.2    Company Profiles
        11.2.1    Eventsforce Solutions Ltd 
            11.2.1.1    Company Overview
            11.2.1.2    Product Portfolio
            11.2.1.3    Demographic Reach and Achievements
            11.2.1.4    Certifications
        11.2.2    Submit.com
            11.2.2.1    Company Overview
            11.2.2.2    Product Portfolio
            11.2.2.3    Demographic Reach and Achievements
            11.2.2.4    Certifications
        11.2.3    GlobalSign.in Pte Ltd
            11.2.3.1    Company Overview
            11.2.3.2    Product Portfolio
            11.2.3.3    Demographic Reach and Achievements
            11.2.3.4    Certifications
        11.2.4    Blackbaud, Inc.
            11.2.4.1    Company Overview
            11.2.4.2    Product Portfolio
            11.2.4.3    Demographic Reach and Achievements
            11.2.4.4    Certifications
        11.2.5    Submittable Holdings, Inc.
            11.2.5.1    Company Overview
            11.2.5.2    Product Portfolio
            11.2.5.3    Demographic Reach and Achievements
            11.2.5.4    Certifications
        11.2.6    Others
12    Industry Events and Developments

 

List of Figures and Tables

1.    Global Award Management Software Market: Key Industry Highlights, 2017 and 2027
2.    Global Award Management Software Historical Market: Breakup by Type (USD Million), 2017-2021
3.    Global Award Management Software Market Forecast: Breakup by Type (USD Million), 2022-2027
4.    Global Award Management Software Historical Market: Breakup by Deployment Type (USD Million), 2017-2021
5.    Global Award Management Software Market Forecast: Breakup by Deployment Type (USD Million), 2022-2027
6.    Global Award Management Software Historical Market: Breakup by Function (USD Million), 2017-2021
7.    Global Award Management Software Market Forecast: Breakup by Function (USD Million), 2022-2027
8.    Global Award Management Software Historical Market: Breakup by End-User (USD Million), 2017-2021
9.    Global Award Management Software Market Forecast: Breakup by End-User (USD Million), 2022-2027
10.    Global Award Management Software Historical Market: Breakup by Region (USD Million), 2017-2021
11.    Global Award Management Software Market Forecast: Breakup by Region (USD Million), 2022-2027
12.    North America Award Management Software Historical Market: Breakup by Country (USD Million), 2017-2021
13.    North America Award Management Software Market Forecast: Breakup by Country (USD Million), 2022-2027
14.    Europe Award Management Software Historical Market: Breakup by Country (USD Million), 2017-2021
15.    Europe Award Management Software Market Forecast: Breakup by Country (USD Million), 2022-2027
16.    Asia Pacific Award Management Software Historical Market: Breakup by Country (USD Million), 2017-2021
17.    Asia Pacific Award Management Software Market Forecast: Breakup by Country (USD Million), 2022-2027
18.    Latin America Award Management Software Historical Market: Breakup by Country (USD Million), 2017-2021
19.    Latin America Award Management Software Market Forecast: Breakup by Country (USD Million), 2022-2027
20.    Middle East and Africa Award Management Software Historical Market: Breakup by Country (USD Million), 2017-2021
21.    Middle East and Africa Award Management Software Market Forecast: Breakup by Country (USD Million), 2022-2027
22.    Global Award Management Software Market Structure

Key Questions Answered in the Report

The global award management software market is projected to grow at a CAGR of 8.6% between 2022 and 2027.

The major drivers of the market include the advances in technology, growing population, growing concerns over efficient management, growing adoption of cloud-based solutions, and rising awareness about the benefits offered by award management software.

The growing need among enterprises to accelerate the award application review and growing adoption by both corporations and government organisations are the key industry trends propelling the market's growth.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major types are services and solution.

Based on deployment type, the market is segmented into on-premises and cloud.

The different functions of the market are judging management, entry management, application tracking, reporting and analytics, among others.

The end-users of the market are government, corporations, educational institutions, industry associations, and non-profit organisations, among others.

The major players in the industry are Eventsforce Solutions Ltd, Submit.com, GlobalSign.in Pte Ltd, Blackbaud, Inc., and Submittable Holdings, Inc., among others.

Analyst Review

The global award management software market was driven by the growing need among enterprises to accelerate the award application review in the historical period. Aided by the growing concerns over efficient management and rising awareness about the benefits offered by award management software, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 8.6%.

EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The major types are services and solution. Based on deployment type, the market is segmented into on-premises and cloud. The different functions of the market are judging management, entry management, application tracking, reporting and analytics, among others. The end-users of the market are government, corporations, educational institutions, industry associations, and non-profit organisations, among others. The major regional markets for award management software are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The major players in the industry are Eventsforce Solutions Ltd, Submit.com, GlobalSign.in Pte Ltd, Blackbaud, Inc., and Submittable Holdings, Inc., among others.

EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.

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