Product Code: TC 7434
"Growing demand to automate the grant process and need to ensure regulatory compliance with advanced reporting to drive the overall growth of the grant management software market"
The global grant management software market size is expected to grow from USD 1.1 billion in 2019 to USD 1.9 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 10.5% during the forecast period. The grant management software market is driven by various factors, such as reducing administrative time and costs, automating report creations and managing complex budgets and performance. However, the integration of grant management solutions with existing communication systems can hinder the growth of the market.
Among grant management software functions, application tracking segment to grow at the highest CAGR during the forecast period
Application tracking helps organizations that receive funds to keep track of grant-related tasks and submit the results to the respective grantors. These tasks mainly include creating and maintaining award documentation, formulating budgets, and ensuring that the funds are utilized in adherence with grantor compliance. Varied end users around the globe are formulating grant management strategies that will help them to manage the entire lifecycle of grants.
Web platform segment to hold the highest market share during the forecast period
The grant management software can be used to develop web-based applications and mobile applications. Web-based applications have several benefits, such as they run on web browsers, and there is no need to create multiple applications for various platforms. Moreover, web-based applications can be used on any browser, regardless of the Operating System (OS) on which the browser is running.
APAC to record the highest growth rate during the forecast period
APAC is expected to grow at the highest CAGR during the forecast period, due to the increase in demand for grant management software and services. Grant management software enables an organization to fine-tune the grant process so that it can align perfectly with the journey of prospects. The APAC region is expected to experience extensive growth opportunities during the forecast period. China, Japan, and Australia have emerged as undisputed leaders in the grant management software market. Meanwhile, North America is projected to hold the largest market size during the forecast period.
In-depth interviews were conducted with Chief Executive Officers (CEOs), directors, other innovation and technology directors, and executives from various key organizations operating in the grant management software market.
- By company type: Tier 1 - 15%, Tier 2 - 42%, and Tier 3 - 43%
- By designation: C-level - 62%, Director-level - 20%, and Others - 18%
- By region: North America - 40%, Europe - 30%, APAC - 20%, MEA- 5% and Latin America- 5%
Major vendors offering grant management software and services across the globe include: WizeHive (US), Submittable (US), Oracle (US), Workday (US), Salesforce (US), eCivis (US), Benevity (Canada), SmarterSelect (US), Foundant Technologies (US), Blackbaud (US), Sage (England), SurveyMonkey(Canada), Fluxx (US), Award Force (Australia), Evalto (Spain), Fluent Technology (UK), HTC Global Services (US), ZoomGrants (US), CyberGrants (US) and Altum (US).
The study includes an in-depth competitive analysis of these key players in the grant management software market, with their company profiles, recent developments, and key market strategies.
Research Coverage:
The market study covers the grant management software market size across segments. It aims at estimating the market size and the growth potential of this market across different segments, namely, component (solution and services), functions, deployment type, organization size, end-users, and region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of Buying the Report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall grant management software market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities
TABLE OF CONTENTS
1 INTRODUCTION
- 1.1 OBJECTIVES OF THE STUDY
- 1.2 MARKET DEFINITION
- 1.2.1 INCLUSIONS AND EXCLUSIONS
- 1.3 MARKET SCOPE
- 1.3.1 MARKET SEGMENTATION
- 1.3.2 REGIONS COVERED
- 1.4 YEARS CONSIDERED FOR THE STUDY
- 1.5 CURRENCY CONSIDERED
- 1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY
- 2.1 RESEARCH DATA
- 2.1.1 SECONDARY DATA
- 2.1.2 PRIMARY DATA
- 2.1.2.1 Breakup of primary profiles
- 2.1.2.2 Key industry insights
- 2.2 MARKET BREAKUP AND DATA TRIANGULATION
- 2.3 MARKET SIZE ESTIMATION
- 2.3.1 TOP-DOWN APPROACH
- 2.3.2 BOTTOM-UP APPROACH
- 2.4 MARKET FORECAST
- 2.5 ASSUMPTIONS FOR THE STUDY
- 2.6 LIMITATIONS OF THE STUDY
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
- 4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE GRANT MANAGEMENT SOFTWARE MARKET
- 4.2 GRANT MANAGEMENT SOFTWARE MARKET, BY PLATFORM (2019 VS. 2024)
- 4.3 GRANT MANAGEMENT SOFTWARE MARKET, BY FUNCTION (2019 VS. 2024)
- 4.4 GRANT MANAGEMENT SOFTWARE MARKET, BY ORGANIZATION SIZE (2019 VS. 2024)
- 4.5 GRANT MANAGEMENT SOFTWARE MARKET, BY END USER (2019 VS. 2024)
- 4.6 MARKET INVESTMENT SCENARIO
5 MARKET OVERVIEW
- 5.1 INTRODUCTION
- 5.2 MARKET DYNAMICS
- 5.2.1 DRIVERS
- 5.2.1.1 Increased demand for automating grant processes
- 5.2.1.2 Accessibility to vital information anytime, anywhere, on any device
- 5.2.2 RESTRAINTS
- 5.2.2.1 Lack of a universal standard procedure
- 5.2.3 OPPORTUNITIES
- 5.2.3.1 Integration of AI-enabled tools with grant management solutions
- 5.2.4 CHALLENGES
- 5.2.4.1 Integration between federal, state, and local grant systems
- 5.2.4.2 Integration of grant management solutions with existing communication systems
6 GRANT MANAGEMENT SOFTWARE MARKET, BY COMPONENT
- 6.1 INTRODUCTION
- 6.2 SOLUTION
- 6.2.1 NEED TO AUTOMATE GRANT PROCESSES TO DRIVE THE DEMAND FOR GRANT MANAGEMENT SOLUTION
- 6.3 SERVICES
- 6.3.1 IMPLEMENTATION AND INTEGRATION
- 6.3.1.1 Simplified implementation, ease of maintenance, and maximum return on investment to drive the demand for grant management
- 6.3.2 TRAINING AND EDUCATION
- 6.3.2.1 Increasing shift toward digital grant applications to drive the demand for training and education services in the grant management software market
- 6.3.3 SUPPORT AND MAINTENANCE
- 6.3.3.1 Growing demand for on-time assistance by customers to spur the demand for support and maintenance services
7 GRANT MANAGEMENT SOFTWARE MARKET, BY FUNCTION
- 7.1 INTRODUCTION
- 7.2 PERFORMANCE AND OUTCOMES MEASUREMENT
- 7.2.1 GROWING NEED TO MEASURE THE SUCCESS OF GRANT APPLICATIONS AMONG ENTERPRISES TO DRIVE THE GROWTH OF PERFORMANCE AND OUTCOMES MEASUREMENT FUNCTION
- 7.3 DOCUMENT MANAGEMENT
- 7.3.1 INCREASING NEED TO ARRANGE AND SORT DOCUMENTS FOR EFFECTIVE MANAGEMENT OF GRANT APPLICATIONS TO DRIVE THE ADOPTION OF DOCUMENT MANAGEMENT FUNCTION
- 7.4 REPORTING
- 7.4.1 INCREASING FOCUS OF ORGANIZATIONS TO MAKE DATA-DRIVEN DECISIONS TO DRIVE THE ADOPTION OF REPORTING FUNCTION
- 7.5 APPLICATION TRACKING
- 7.5.1 NEED TO KEEP TRACK OF THE RECEIVED FUNDS TO DRIVE THE ADOPTION OF APPLICATION TRACKING FUNCTION
- 7.6 COLLABORATION
- 7.6.1 GROWING NEED TO KEEP THE TEAM MEMBERS UPDATED TO DRIVE THE ADOPTION OF COLLABORATION FUNCTION
- 7.7 GRANT DISCOVERY
- 7.7.1 NEED TO IDENTIFY RELEVANT GRANT PROSPECTS IN MINIMUM TIME TO DRIVE THE ADOPTION OF GRANT DISCOVERY FUNCTION
- 7.8 OTHERS
8 GRANT MANAGEMENT SOFTWARE MARKET, BY PLATFORM
- 8.1 INTRODUCTION
- 8.2 WEB
- 8.2.1 FREEDOM TO ACCESS APPLICATIONS OVER ANY BROWSER TO DRIVE THE ADOPTION OF WEB-BASED GRANT MANAGEMENT SOLUTION
- 8.3 MOBILE
- 8.3.1 PROLIFERATION OF MOBILE DEVICES TO FUEL THE GROWTH OF MOBILE-BASED GRANT MANAGEMENT SOLUTION
9 GRANT MANAGEMENT SOFTWARE MARKET, BY DEPLOYMENT TYPE
- 9.1 INTRODUCTION
- 9.2 ON-PREMISES
- 9.2.1 CONCERN FOR THE SECURITY OF DATA AMONG ENTERPRISES TO DRIVE THE ADOPTION OF ON-PREMISES GRANT MANAGEMENT
- 9.3 CLOUD
- 9.3.1 ON-DEMAND AVAILABILITY OF ENHANCED AND ORGANIZED STORAGE TO DRIVE THE ADOPTION OF CLOUD-BASED GRANT MANAGEMENT SOLUTION
10 GRANT MANAGEMENT SOFTWARE MARKET, BY ORGANIZATION SIZE
- 10.1 INTRODUCTION
- 10.2 LARGE ENTERPRISES
- 10.2.1 GROWING NEED TO DEAL WITH THE HUGE AMOUNT OF DATA ON A DAILY BASIS TO DRIVE THE ADOPTION OF GRANT MANAGEMENT SOLUTIONS AMONG LARGE ENTERPRISES
- 10.3 SMALL AND MEDIUM-SIZED ENTERPRISES
- 10.3.1 SCALABILITY, FLEXIBILITY, AND COST EFFECTIVENESS ARE MAJOR DRIVERS FOR THE ADOPTION OF GRANT MANAGEMENT SOLUTIONS IN SMALL AND MEDIUM-SIZED ENTERPRISES
11 GRANT MANAGEMENT SOFTWARE MARKET, BY END USER
- 11.1 INTRODUCTION
- 11.2 GOVERNMENT
- 11.2.1 NEED TO STREAMLINE GRANT PROCESSES TO DRIVE THE ADOPTION OF GRANT MANAGEMENT SOLUTION AMONG GOVERNMENT ORGANIZATIONS
- 11.3 HEALTHCARE AND HUMAN SERVICES
- 11.3.1 NEED TO MANAGE ENTIRE GRANT MANAGEMENT LIFECYCLE TO DRIVE THE ADOPTION OF GRANT MANAGEMENT SOLUTION AMONG HEALTHCARE AND HUMAN SERVICE ORGANIZATIONS
- 11.4 EDUCATIONAL INSTITUTIONS
- 11.4.1 NEED TO MANAGE COMPLEX POST-AWARD REPORTING TO DRIVE THE ADOPTION OF GRANT MANAGEMENT SOLUTION AMONG EDUCATIONAL INSTITUTES
- 11.5 CORPORATIONS
- 11.5.1 NEED TO STREAMLINE WORKFLOW, PAYMENTS, AND REPORTING TO DRIVE THE ADOPTION OF GRANT MANAGEMENT SOLUTIONS AND SERVICES AMONG CORPORATIONS
- 11.6 INTERNATIONAL AND NATIONAL ORGANIZATIONS
- 11.6.1 NEED TO MEET THE COMPLIANCE REQUIREMENT TO DRIVE THE ADOPTION OF GRANT MANAGEMENT SOLUTIONS AMONG INTERNATIONAL AND NATIONAL ORGANIZATIONS
- 11.7 PHILANTHROPIC ORGANIZATIONS
- 11.7.1 NEED TO PLAN FUND STRATEGIES TO DRIVE THE ADOPTION OF GRANT MANAGEMENT SOLUTIONS AMONG PHILANTHROPIC ORGANIZATIONS
- 11.8 OTHERS
12 GRANT MANAGEMENT SOFTWARE MARKET, BY REGION
- 12.1 INTRODUCTION
- 12.2 NORTH AMERICA
- 12.2.1 UNITED STATES
- 12.2.1.1 Increasing investment by organizations in advanced technologies, such as analytics and AI, to drive the adoption of grant solution
- 12.2.2 CANADA
- 12.2.2.1 Need to align with information governance to drive the adoption of grant management solution in Canada
- 12.3 EUROPE
- 12.3.1 UNITED KINGDOM
- 12.3.1.1 Increasing adoption of predictive coding among end users in the UK to drive the adoption of grant management solution
- 12.3.2 GERMANY
- 12.3.2.1 Increasing use of grant management solution for grant discovery practices in Germany
- 12.3.3 FRANCE
- 12.3.3.1 Need to meet the grant compliance to lead to the adoption of grant management solution in France
- 12.3.4 REST OF EUROPE
- 12.4 ASIA PACIFIC
- 12.4.1 CHINA
- 12.4.1.1 Globalization of businesses to drive the adoption of grant management solution in China
- 12.4.2 JAPAN
- 12.4.2.1 Benefits of cost effectiveness and data management to drive the overall market of grant management software in Japan
- 12.4.3 AUSTRALIA
- 12.4.3.1 Increasing focus of enterprises to review grant documents efficiently encouraging the deployment of grant management solution in Australia
- 12.4.4 SINGAPORE
- 12.4.4.1 Increasing demand of grant management services from financial organizations operating in the country to drive the adoption of grant management solution in Singapore
- 12.4.5 REST OF ASIA PACIFIC
- 12.5 MIDDLE EAST AND AFRICA
- 12.5.1 SAUDI ARABIA
- 12.5.1.1 Increasing investment by oil giants in advanced technologies to drive the grant management software market in Saudi Arabia
- 12.5.2 UNITED ARAB EMIRATES
- 12.5.2.1 Ned for reducing manual administrative tasks to encourage the adoption of grant management solution in the UAE
- 12.5.3 SOUTH AFRICA
- 12.5.3.1 Growing demand for the availability of data anywhere and anytime to drive the adoption of grant management solution in South Africa
- 12.5.4 REST OF MIDDLE EAST AND AFRICA
- 12.6 LATIN AMERICA
- 12.6.1 BRAZIL
- 12.6.1.1 Increasing investments by government to drive the adoption of grant management solution in Brazil
- 12.6.2 MEXICO
- 12.6.2.1 Increasing focus of enterprises to protect information to drive the adoption of grant management solution in Mexico
- 12.6.3 REST OF LATIN AMERICA
13 COMPETITIVE LANDSCAPE
- 13.1 INTRODUCTION
- 13.2 COMPETITIVE SCENARIO
- 13.2.1 NEW PRODUCT LAUNCHES/PRODUCT ENHANCEMENTS
- 13.2.2 PARTNERSHIPS
- 13.2.3 ACQUISITIONS
14 COMPANY PROFILES
- 14.1 INTRODUCTION
- 14.2 BLACKBAUD
(Business Overview, Solutions and Services Offered, Recent Developments, and MNM View)*
- 14.3 SALESFORCE
- 14.4 ORACLE
- 14.5 WORKDAY
- 14.6 WIZEHIVE
- 14.7 SUBMITTABLE
- 14.8 SAGE
- 14.9 ECIVIS
- 14.10 CYBERGRANTS
- 14.11 HTC GLOBAL SERVICES
- 14.12 SURVEYMONKEY
- 14.13 BENEVITY
- 14.14 SMARTERSELECT
- 14.15 FLUXX
- 14.16 AWARD FORCE
- 14.17 EVALTO
- 14.18 FLUENT TECHNOLOGY
- 14.19 ZOOMGRANTS
- 14.20 ALTUM
- 14.21 FOUNDANT
Details on Business Overview, Solutions and Services Offered, Recent Developments, and MNM View might not be captured in case of unlisted companies.
15 APPENDIX
- 15.1 DISCUSSION GUIDE
- 15.2 KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
- 15.3 AVAILABLE CUSTOMIZATIONS
- 15.4 AUTHOR DETAILS
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