Friday, November 27th, 2020 - The Insight Partners

Grant Management Software market report 2020-2027 offers key drivers that propel the growth of Grant Management Software Industry. These insights help market players in devising strategies to gain market presence. The research also outlined the restraints of the market. Insights on opportunities are mentioned to assist market players in taking further steps by determining the potential in untapped regions.

The grant management software market was valued at US$ 1217.7 million in 2019 and is expected to reach US$ 2907.4 million by 2027; it is estimated to grow at a CAGR of 12.0% during 2020–2027.

Key Players Mentioned in Grant Management Software Market are - AmpliFund, CyberGrants, LLC, Fluxx Labs Inc., Oracle Corporation, The Sage Group plc, Salesforce.com, Inc., Submittable Holdings, Inc., SurveyMonkey, WizeHive, Inc., Workday, Inc.

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Impact of COVID-19 Pandemic in North America Grant Management Software Market

The US is a prominent market for grant management software that is used in banks, government organizations, and educational institutes. The huge increase in the number of confirmed COVID-19 cases and reported deaths in the country has affected software providers to some extent due to the decrease in demand for their products. The shutdowns of businesses as well as educational institutes across the US, Canada, and Mexico are impacting the adoption of the grant management software in North America. North America is home to a large number of technology companies, and the impact of the COVID-19 outbreak is anticipated to be moderate in 2020 and likely in persist till the first quarter of 2021.

Increasing Number of Start-ups and Adoption of Automated Solutions in Developing Countries Fuel Grant Management Software Market Growth

Increasing number of NGOs, associations, research projects in universities, and other CSR activities in developing countries, such as Mexico, China, India, Australia, and other South East Asian countries, is one of the key factors driving the global grant management software market. Several companies in developing countries offer customized software for both grantors and grant recipients. Also, several untapped and highly unorganized markets in South East Asian countries provide significant opportunities for grant seekers to grow. Furthermore, increasing use of new technologies is recognized as one of the significant market driver for grant management software. For example, by automating and digitizing the entire grants process, there is an excellent opportunity to measure and reduce grantors and grant recipients' risk. Implementing advanced technologies, such as machine learning (ML) technology and other analytics, enables data-driven decisions to help return on grant investments. 

Strategic Insights

The grant management software market players focus on new product innovations and developments to achieve sustainable growth as well as to distinguish themselves from competitors in the highly competitive marketplace. 

  • In 2020, Indian government, through NITI Aayog project, announced the deployment of Oracle Corporation's wide range of cloud solutions that would assist district magistrates to improve overall performance and quality of life in aspiring districts in the country.
  • In 2019, Salesforce.org launched foundationConnect, a next generation grants management system. It enables foundations and public charities to manage the entire lifecycle of philanthropic.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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The Insight Partners


The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.


Sameer Joshi
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Keywords

Grant Management Software Market, Grant Management Software Market 2020, Grant Management Software Market 2027, 2020 Grant Management Software Market, 2027 Grant Management Software Market, Grant Management Software

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