The organizational 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.
Organizational 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 organizational change management software market size has grown rapidly in recent years. It will grow from $2.49 billion in 2023 to $2.92 billion in 2024 at a compound annual growth rate (CAGR) of 17.5%. The growth in the historic period can be attributed to globalization, complexity of change initiatives, employee engagement and satisfaction, cost reduction and efficiency, organizational culture and leadership.
The organizational change management software market size is expected to see rapid growth in the next few years. It will grow to $5.61 billion in 2028 at a compound annual growth rate (CAGR) of 17.7%. The growth in the forecast period can be attributed to digital transformation, remote work and distributed teams, AI and automation, cybersecurity and data privacy concerns, cultural transformation, health and well-being initiatives. Major trends in the forecast period include AI and machine learning integration, enhanced user experience, integration with collaboration tools, focus on employee well-being, agile and iterative approaches.
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Scope Of Organizational 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.
Organizational Change Management Software Market Overview
Market Drivers –
The need for remote management is expected to propel the growth of the organizational change management software market going forward. Remote management refers to the process of overseeing and controlling resources, systems, devices, or operations from a distant location, typically facilitated through remote access tools and technologies. The increasing demand for remote management is driven by trends towards remote work, technological advancements, and the need for cost savings and business continuity. Organizational change management software assists in evaluating the impact of incorporating remote access, monitoring, and administration capabilities into existing processes, identifying potential stakeholder resistance, and devising strategies to align procedures with remote management objectives. For instance, in April 2023, according to the Bureau of Labor Statistics, a US-based government agency, the percentage of remote working employees was 42.2% in 2022, up from 37.4% in 2021. Therefore, the need for remote management is driving the growth of the organizational change management software market.
Market Trends –
Major companies operating in the organizational change management software market are increasingly integrating specialized modules or features, such as regulatory change management, to address regulatory compliance requirements and streamline change management processes. These integrated RCM capabilities enable organizations to manage regulatory updates, assess their impact on business operations, and implement necessary changes seamlessly as part of broader change management initiatives. For instance, in July 2022, Onspring, a US-based software company, launched the Regulatory Change Management (RCM) solution. It is uniquely designed to offer immediate visibility and control over regulatory changes and their compliance implications for enterprises. It notifies compliance teams of regulatory changes and current obligations in real-time, allowing for the activation of impact assessments to evaluate associated risks and their necessary corrective actions. Organizations can implement a structured, integrated, and automated approach to tackle regulatory change, by using Onspring’s RCM solution.
The organizational change management software market covered in this report is segmented –
1) By Product: Cloud-based, On-premises
2) By Application: Small And Medium Enterprises (SMEs), Large Enterprises
3) By End User: Banking, Financial Services, And Insurance (BFSI), Information Technology (IT) And Telecom, Government And Public Administration, Healthcare, Education, Retail, Energy And Utilities, Manufacturing, Construction And Real Estate, Other End Users
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Regional Insights –
North America was the largest region in the organizational change management software market in 2023. The regions covered in the organizational change management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the organizational change management software market are Microsoft Corporation, Accenture Plc, International Business Machines Corporation, Deloitte Touche Tohmatsu Limited, Oracle Corporation, SAP SE, Salesforce Inc., ServiceNow Inc., Bain & Company Inc, Change Compass Inc., OpenText Corporation, ManageEngine, Freshworks Inc., Praxis, ServiceAide Inc., Nakisa Inc., Whatfix Inc., SysAid Technologies Ltd., Cognician Inc., SmartSolve LLC, FluentPro Software Corp, Orgmapper, Canfigure, Gensuite, jTask Inc.
Table of Contents
1. Executive Summary
2. Organizational Change Management Software Market Report Structure
3. Organizational Change Management Software Market Trends And Strategies
4. Organizational Change Management Software Market – Macro Economic Scenario
5. Organizational Change Management Software Market Size And Growth
…..
27. Organizational 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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