Grants Management Software Market
Adoption of cloud-based solutions is increasing to support the growth of the grant management software market over the next few years.North America Leads Market in 2019
NEW YORK, United States, Feb. 1, 2023 /EINPresswire.com/ — The Insight Partners presents the market for “Grants Management Software Market Size, Share, Growth, Demand, Industry Trends, and Forecasts to 2027.” Announced the release of the evaluation report. COVID-19 Impact and Global Analysis – Components (Solutions and Services), Deployment Types (Cloud and On-Premises), Organization Sizes (SMBs and Enterprises), and End Users (Educational Institutions, Governments, Banks, Non-Profits) ) per organization, and others), the market was valued at USD 1,316.9 million in 2020 and is expected to reach USD 2,907.4 million by 2027. It is estimated to grow at a CAGR of 12.0% from 2020 to 2027. The report presents an in-depth analysis of the market covering current growth drivers, careful opinions, facts, industry-verified market data, and future trends. This report presents market share, size, trends, growth, trends, applications, competitive analysis, development patterns, and correlations between market dynamics and forecasts for the time frame from 2020 to 2027.
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Reporting scope:
USD 1,316.9 million market size in 2020
Market size worth US$2,907.4 million by 2027
Growth rate CAGR from 2019 to 2027 is 12.0%
Forecast period 2019-2027
Base year 2019
202 pages
115 tables
Number of charts 90
Historical data available Yes
The major players in the global grant management software market are:
• Amplifund
• CyberGrants, LLC
• Fluxx Labs Inc.
• Oracle
• The Sage Group plc
• Salesforce.com, Inc.
• Submittable Holdings, Inc.
• Survey Monkey
• …..
Players operating in the grant management software market are primarily focused on developing advanced and efficient products.
• In 2020, the SurveyMonkey Apply web-based platform will help organizations and government agencies collect and review data-intensive applications for grants, awards, scholarships, and other programs during the COVID-19 pandemic. increase.
• In 2019, AmpliFund partnered with two states, Illinois and the Commonwealth of Puerto Rico, to implement grant management systems and automate infrastructure in two states. This partnership helps increase grant funding, drive compliance, and reduce risk for all grants.
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This report categorizes the global grant management software market as follows:
By component
• Resolution
• service
By deployment type
• on the premises
• clouds
By organization size
• Small and medium-sized enterprises
• large company
By end user
• Educational institutions
• Government
• Bank
• non-profit organizations
• others
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With constant technological development, there is a high demand for cloud technology all over the world. The cost of cloud-based solutions is part of the operational expenditures of businesses, industries, and non-profit organizations. Cloud solutions are delivered in an all-in-one package with fully controlled and predictable costs for uptime, hosting, software licenses, support, maintenance, software patches, bug fixes, and more. Cloud-based grant management software can be deployed in minimal time. Depending on the degree of customization, these solutions are deployed in days or weeks. Clients can use their existing devices such as tablets and phones to access cloud-based software. This software eliminates the need to develop secure remote connections such as speed throttling virtual private networks. Hence, the low cost of deployment and maintenance of cloud-based variants is driving the ground management software market significantly in developed as well as developing countries. Seabrooks provides an easy-to-use cloud-based community impact management system. PyanGo provides software for educational institutions and nonprofits that is fully integrated with the Oracle NetSuite cloud platform.
This report covers the current scenario and growth prospects of the Global Grant Management Software Market for the period 2020-2027. of tables that provide statistics for real-world scenarios in the industry and serve as a valuable guide to the direction of companies and individuals interested in the domain.
Increasing demand for grants management and donor management software is one of the major factors driving the grants management software market. Additionally, these software streamline the application process and help you efficiently create descriptions for multiple funding programs. Grants management software enables organizations to better monitor the performance and pace of procedures such as reporting, financial performance improvement, monitoring and auditing.
Impact of COVID-19 on Grants Management Software Market
The United States is a significant market for grants management software used by banks, government agencies, and educational institutions. A significant increase in the number of confirmed COVID-19 cases and reported deaths in the country has had some impact on software providers due to reduced demand for their products. and educational institution closures are impacting the adoption of grant management software in North America. European member states such as Italy, Spain and Germany have implemented drastic measures, travel restrictions and school and university closures to limit the spread of her COVID-19 among their citizens. . However, the crisis has positively impacted some sectors such as software and technology. Demand for digital solutions, in particular, has grown rapidly in the last few months. A significant number of government agencies and banks have taken significant initiatives to provide subsidies to affected end-users. As a result, the adoption rate of grants management solutions is expected to continue increasing in the coming years.
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Insight Partners
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