Innovation Management Market - Forecast 2020 - 2025
Innovation Management Market Overview: Global Innovation Management Market size is expected to reach $1.97 billion by 2025, growing at a CAGR of 24.58% during 2020-2025. With the growing research and development activities in enterprises, companies are looking for streamlined approach to capture the ideas generated from various brainstorming sessions. Moreover, the company also needs a platform through which it can track the ROI generated from the innovative ideas. This leads to rising demand for the innovation management market. R&D spending by large companies worldwide has increased by 6.12% to reach $780 billion in 2018. Similarly, various countries such as the U.S., the U.K, France, Germany, India, and China are giving tax benefits to the companies, who carry out R&D activities. These initiatives leads to greater number of R&D activities and innovation in major countries, thereby creating an opportunity for innovation management market. Key Takeaways North America domi...