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Global Proposal Management Software Market Share, Size, Analysis, Forecast: By Component: Software, Service; By Deployment Model: On-Premises, Cloud; By Enterprise Size: Large Enterprises, Small and Medium Enterprises; By Industry Vertical; Regional Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Global Proposal Management Software Market Outlook
The global proposal management software market size reached a value of approximately USD 2.49 billion in 2023. The growth is expected at a CAGR of 14.5% between 2024 and 2032, reaching a value of 8.42 USD billion by 2032.
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Key Trends in the Market
Proposal management software is a type of software that is used to aid users in creating, tracking, and managing various proposals as well as responses to requests for proposal. This software is commonly used across industries by the sales teams of companies, project managers, and freelancers, among others, as it is useful in managing proposals, particularly in large volumes.
- Rising adoption of electronic devices has positively impacted the proposal management software market growth as working individuals are now using a wide range of devices for preparing and managing proposals, increasing the market demand.
- Advantages of proposal management software such as time saving, quick updating of proposals and documents, sale boosting, increasing document hit rate, and acceptance of secure and legally binding electronic signatures, among others, are boosting the demand for proposal management software.
- Increasing focus on developing industry-specific products along with product innovation platforms is one of the major proposal management software market trends. This development will increase the demand and suitability of proposal management software among specific industries, influencing the growth of the market.
Global Proposal Management Software Market Analysis
Based on component, the market is bifurcated into software and service. On the basis of deployment model, the market is categorised into on-premises and cloud. By enterprise size, the market is segmented into large enterprises and small and medium enterprises. On the basis of industry vertical, the market is divided into government, transportation and logistics, healthcare and life science, BFSI, retail and e-commerce, manufacturing, and IT and telecom, among others. Based on region, the market is segregated into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global proposal management software market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Microsoft Corporation
- Icertis, Inc
- GetAccept Inc.
- Earthlingsoft, LLC (Bidsketch)
- Deltek, Inc.
- Nusii Proposals, S.L.
- Practice Ignition Pty Ltd
- RFPIO, Inc
- Proposify Inc
- PandaDoc Inc.
- Others
Global Proposal Management Software Market Share by Deployment Model
On-premises deployment model is anticipated to hold a large share of the market for proposal management software as these solutions offer greater security, confidentiality support, and are provided with a service agreement and a one-time licensing fee. On-premises deployment model is considered cost-efficient and is widely adopted by a large number of small and medium enterprises. Meanwhile cloud deployment model is anticipated to grow significantly over the forecast period due to their advanced reliability and flexibility along with the ability to remove the hassle of updating systems.
Global Proposal Management Software Market Share by Region
North America accounted for a large share in the market for proposal management software and is expected to witness steady growth in the forecast period due to the high rate of adoption of new and emerging technologies. Meanwhile, the market in the Asia Pacific region is also expected to grow significantly in the forecast period owing to the presence of a substantial industrial base in countries like China. Furthermore, the propelling economic state of countries such as Japan and India is also aiding the expansion of the market for proposal management software in the region.
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Competitive Landscape
Microsoft Corporation is a technology company that was founded in 1975 and headquartered in Washington, United States. It is known for its software and hardware services and products, such as Microsoft Cloud, Microsoft 365, and Microsoft Security, among others.
Icertis, Inc was established in 2009 and has its headquarters in Wahington, United States. It is a software development company that specialises in enterprise contract management, contract intelligence, contract analytics, risk management, contract compliance, and enterprise contract management software.
GetAccept Inc. was founded in 2015 and is based out of California in the United States. The company develops online sales tools for purposes like marketing, sales, and tracking, among other applications.
Other market players include Earthlingsoft, LLC (Bidsketch), Deltek, Inc. Nusii Proposals, S.L., Practice Ignition Pty Ltd, RFPIO, Inc, Proposify Inc, and PandaDoc Inc., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Component |
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| Breakup by Deployment Model |
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| Breakup by Enterprise Size |
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| Breakup by Industry Vertical |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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 Opportunities and Challenges in the Market
8 Global Proposal Management Software Market Analysis
8.1 Key Industry Highlights
8.2 Global Proposal Management Software Historical Market (2018-2023)
8.3 Global Proposal Management Software Market Forecast (2024-2032)
8.4 Global Proposal Management Software Market by Component
8.4.1 Software
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Service
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Proposal Management Software Market by Deployment Model
8.5.1 On-Premises
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Cloud
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Proposal Management Software Market by Enterprise Size
8.6.1 Large Enterprises
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Small and Medium Enterprises
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Proposal Management Software Market by Industry Vertical
8.7.1 Government
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Transportation and Logistics
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Healthcare and Life Science
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 BFSI
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Retail and E-Commerce
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
8.7.6 Manufacturing
8.7.6.1 Historical Trend (2018-2023)
8.7.6.2 Forecast Trend (2024-2032)
8.7.7 IT and Telecom
8.7.7.1 Historical Trend (2018-2023)
8.7.7.2 Forecast Trend (2024-2032)
8.7.8 Others
8.8 Global Proposal Management Software Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Proposal Management Software Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Proposal Management Software Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Proposal Management Software Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Proposal Management Software Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Proposal Management Software Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Microsoft Corporation
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Icertis,Inc
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 GetAccept Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Earthlingsoft, LLC (Bidsketch)
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Deltek, Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Nusii Proposals, S.L.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Practice Ignition Pty Ltd
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 RFPIO, Inc
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Proposify Inc
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 PandaDoc Inc.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Proposal Management Software Market: Key Industry Highlights, 2018 and 2032
2. Global Proposal Management Software Historical Market: Breakup by Component (USD Million), 2018-2023
3. Global Proposal Management Software Market Forecast: Breakup by Component (USD Million), 2024-2032
4. Global Proposal Management Software Historical Market: Breakup by Deployment Model (USD Million), 2018-2023
5. Global Proposal Management Software Market Forecast: Breakup by Deployment Model (USD Million), 2024-2032
6. Global Proposal Management Software Historical Market: Breakup by Enterprise Size (USD Million), 2018-2023
7. Global Proposal Management Software Market Forecast: Breakup by Enterprise Size (USD Million), 2024-2032
8. Global Proposal Management Software Historical Market: Breakup by Industry Vertical (USD Million), 2018-2023
9. Global Proposal Management Software Market Forecast: Breakup by Industry Vertical (USD Million), 2024-2032
10. Global Proposal Management Software Historical Market: Breakup by Region (USD Million), 2018-2023
11. Global Proposal Management Software Market Forecast: Breakup by Region (USD Million), 2024-2032
12. North America Proposal Management Software Historical Market: Breakup by Country (USD Million), 2018-2023
13. North America Proposal Management Software Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Europe Proposal Management Software Historical Market: Breakup by Country (USD Million), 2018-2023
15. Europe Proposal Management Software Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Asia Pacific Proposal Management Software Historical Market: Breakup by Country (USD Million), 2018-2023
17. Asia Pacific Proposal Management Software Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Latin America Proposal Management Software Historical Market: Breakup by Country (USD Million), 2018-2023
19. Latin America Proposal Management Software Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Middle East and Africa Proposal Management Software Historical Market: Breakup by Country (USD Million), 2018-2023
21. Middle East and Africa Proposal Management Software Market Forecast: Breakup by Country (USD Million), 2024-2032
22. Global Proposal Management Software Market Structure
Key Questions Answered in the Report
The market for proposal management software reached a value of USD 2.49 billion in 2023.
The market is expected to grow at a CAGR of 14.5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 8.42 billion by 2032.
Growing adoption of electronic devices, integration of artificial intelligence in sales, and cost-efficiency of proposal management software are the major drivers of the market.
The key trends of the market are rising focus on developing improved software products and growing knowledge about the advantages associated with proposal management software.
The regional markets can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The primary components of proposal management software are software and service.
The key players in the proposal management software market are Microsoft Corporation, Icertis, Inc, GetAccept Inc., Earthlingsoft, LLC (Bidsketch), Deltek, Inc. Nusii Proposals, S.L., Practice Ignition Pty Ltd, RFPIO, Inc, Proposify Inc, and PandaDoc Inc., among others.
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