Award management software offers the centralised platform for managing the entire lifecycle of awards process. It streamlines the process of accepting the award applications, engaging with applicants and judges, evaluating entries, analysing the submissions, generating in-depth analysis and releasing unbiased results to participants. It makes the award management process versatile, super customizable, highly scalable and higher secure.
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AWARD MANAGEMENT SOFTWARE MARKET OUTLOOK
The centralised platform offered by the award management software manages every process related to grant lifecycle. The advancement in the award management software like AI, reporting and analytics boosts the growth of award management software globally. The growing adoption of grant management software also fuels the growth of global award management software.
AWARD MANAGEMENT SOFTWARE MARKET SEGMENTAL OVERVIEW
The study analyses the award management software market based on component, deployment type, organization size, end-users, and geography.
AWARD MANAGEMENT SOFTWARE MARKET BY COMPONENT
The components of the award management software are solution and services. The services segment of the grant management software mainly includes implementation and integration, training and education, support and maintenance services.
AWARD MANAGEMENT SOFTWARE MARKET BY DEPLOYMENT TYPE
By deployment type the award management software is bifurcated into the cloud-based and on-premises deployment type. The cloud based deployment type is expected to drive the growth of award management software market. The features of cloud based deployment such as elimination of extra cost related to infrastructure and unlimited storage and easy back up facilities positively impacts on the demand of cloud based award management software.
AWARD MANAGEMENT SOFTWARE MARKET BY ORGANIZATION SIZE
Based on the organizational size award management software market is segmented into large organizations and small & medium-sized organizations. Large enterprises are expected to contribute the largest share in the growth of award management software market. The demand of award management software is higher in the large organization as they deal with the massive amount of data daily. Affordability is also the major factor which boosts the demand of award management software in large enterprises.
AWARD MANAGEMENT SOFTWARE MARKET BY END-USER
Major end-users of the award management software market covered in the study are government, healthcare and human services, educational institutes and others.
AWARD MANAGEMENT SOFTWARE MARKET BY KEY PLAYER
The key competitors of the grant management software market Blackbaud (US), WizeHive (US), Submittable (US), Evalato (Spain), Award Force (Australia), SmarterSelect (US), Reviewr (US), Eventsforce (UK), Currinda (Australia), AwardStage (UK), AcclaimWorks (England), Judgify (Singapore), Untap Compete (Egypt), OpenWater (US), omniCONTESTS (US), eAwards (Philippines), alpha awards (Austria), Omnipress (US), Submit.com (Ireland) and RhythmQ (Canada).among others.
AWARD MANAGEMENT SOFTWARE MARKET BY GEOGRAPHY
Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific and the Rest of the World. North America held the largest market share of the award management software market. The advancement in the technologies and increasing adoption of award management software in the growing countries of North America supports the growth of award management software in the region.
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