In terms of revenue, the global award management software market was estimated to be US$ 516.50 Mn in 2020 and is expected to reach US$ 1053.83 by 2030 growing at a CAGR of 9.2%. Absolute Markets Insights has recently announced the addition of new statistical data titled as, Award Management Software Market to its intensifying repository, which helps to make informative decisions in the businesses. It highlights the existing scenario of recent businesses along with historical records to get crucial information. This research report has been aggregated on the basis of static and dynamic aspects of the businesses. Primary and secondary research methodologies have been used to analyze the target data effectively.
Leading key players such as AwardForce, Awards Absolute Pty Ltd, AwardStage, Currinda, eAwards, Evalato, Eventsforce, eVision, Fluid Review, Fluxx, Judgify, omniCONTESTS, OpenWater, reviewr, RhythmQ, Stream Link Software Inc. (AmpliFund), VYPER, WizeHive,Inc have been mentioned along with the feedback from various industry experts to improve the performance of existing businesses.
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The award management software market is expected to gain momentum in Asia Pacific region due to its inclination towards leveraging upcoming technologies to unlock new possibilities of automation. This is also partially attributed to the large number of social media users in Asia Pacific as compared to other regions. As a large number of global contests and reward programs use social media as the most preferred channel, the user base provides noteworthy competitive edge over the other regions.
Award management is an important process for organizations of all sizes. It is a motivational practice that companies follow to reward their employees for their accomplishments. Traditionally, managing the award process was quite time consuming and hectic, however with the implementation of award management software the entire process has been streamlined. This software helps to manage data effectively, saving workforce time and making award process simple and accurate. It is an all in one software that offers features such as workflow automations, application tracking, reporting, role-based management along with superior security & privacy amongst others. This in turn is driving the award management software market.
Competitive Landscape
The report provides both, qualitative and quantitative research of award management software market, as well as provides comprehensive insights and development methods adopted by the key contenders. The report also offers extensive research on the key players in this market and details on the competitiveness of these players. Key business strategies such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts adopted by these major market participants are also recognized and analyzed in the report. For each company, the report studies their global presence, competitors, service offerings and specification amongst others.
Award Management Software Market:
By Deployment
- Cloud-based
- On-Premise
By Organizational Size
- Small and Medium Enterprises
- Large Enterprises
By End Users
- Private and Family Foundations
- Community Foundations and Fundraising Organizations
- Corporate Foundations
- Associations
- Education Institutions
- Government Institutions
- Non-Profits and Charities
- Others
By Region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
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