According to HTF MI, “Global Strategic Planning Software Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030”. The Global Strategic Planning Software Market is anticipated to grow at a compound annual growth rate (CAGR) of 18.1% from 2024 to 2030, reaching USD 1.7 Billion in 2024 and USD 3.6 Billion by 2030.
The organization short- and long-term goals may be defined using strategic planning software. Although they are constrained by the restraining factors of cost and budget constraints along with data quality and integration challenges, the driving forces of the growing complexity of the business environment and the need for integrated planning processes are the primary factors shaping the market dynamics of strategic planning software. However, it is anticipated that the market will continue to rise, propelled by the sizable potential prospects provided by the potent aspects of rising acceptance of digital transformation and emphasis on data-driven decision-making.
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Key and developing players who have been highlighted as part of the coverage include Oracle Corporation (United States), SAP SE (Germany), IBM Corporation (United States), Microsoft Corporation (United States), Anaplan, Inc. (United States), Planview, Inc. (United States), Workday, Inc. (United States), Adaptive Insights (a Workday company) (United States), OneStream Software LLC (United States), SAS Institute Inc. (United States), Board International (Switzerland), Prophix Software Inc. (Canada).
Strategic Planning Software
Market Drivers
- The requirement for integrated planning procedures and the complexity of the corporate environment are the two main factors propelling the market for strategic planning software. Complexity, ambiguity, and quick changes characterise the contemporary corporate environment. For organisations to negotiate these complexity and make wise decisions, they need powerful strategic planning tools. Advanced features and functions offered by strategic planning software assist organisations in data analysis, scenario analysis, and strategic plan development. The integration of diverse planning processes inside an organisation is facilitated by strategic planning software
Market Opportunities
- For the purpose of improving their strategic planning procedures, organisations from all sectors are adopting digital transformation efforts. The use of strategic planning software allows for the optimisation of resource allocation while streamlining and automating planning processes. Strategic Planning Software can be adopted in a favourable context thanks to the rising desire for digital transformation. Organisations are increasingly recognising the importance of using data to drive strategic objectives, which is why data-driven decision-making is becoming more popular. Organisations are empowered to get insights, spot patterns, and make wise decisions via strategic planning software that enables data analysis, visualisation, and predictive modelling. A significant potential for software vendors in the market for strategic planning is the capacity to utilise data efficiently.
Market Restraints
- The market expansion of strategic planning software is being hampered by cost and budget restrictions, as well as issues with data quality and integration. Software licences, implementation expenses, training expenses, and continuing maintenance are frequently included in the cost of strategic planning software. Adoption may be hampered for smaller companies or those with tighter budgets by the price of purchasing and maintaining the software. The analytical and decision-making capabilities of strategic planning software depend on accurate and trustworthy data. Data quality assurance, integrating data from diverse sources, and maintaining data consistency throughout the planning process may provide issues for organisations. Data that is erroneous or incomplete might make the programme less effective.
Market Challenges
- Rapidly evolving technological landscape, requiring continuous updates and innovation.
- Resistance to change and adoption of new software solutions within organizations.
- Data security and privacy concerns, especially when dealing with sensitive strategic information.
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Key Market Segmentation:
The report has categorized the Strategic Planning Software market based on type, distribution channel, and region.
Market Breakdown by Applications:
- Cloud-Based, On-Premise
Market Breakdown by Types:
- Large Enterprise, Small and Medium Enterprise (SMEs)
Report Scope
The Market size value in 2024 (USD 1.7 Billion)
Revenue Forecast by 2033 (USD 3.6 Billion)
Growth Rate CAGR Of (18.1%)
Historical Years (2019-2023)
Base Year (2023)
Estimated Year (2024)
Short-Term Projection Year (2030)
Regions Covered (North America, Europe, the Middle East and Africa, Latin America, and the rest of the world)
Note: With the help of the Growth Overview Charts, Historical Period Analysis, Forecast Period Analysis, Main Market Segmentation, Leading Key Market Players, TOC, List of Figures, and List of Tables in this report, you can get a thorough overview of the market.
Competitive Landscape:
Along with studying the profiles of the key players, the industry’s competitive environment has also been examined. Players profiled are Oracle Corporation (United States), SAP SE (Germany), IBM Corporation (United States), Microsoft Corporation (United States), Anaplan, Inc. (United States), Planview, Inc. (United States), Workday, Inc. (United States), Adaptive Insights (a Workday company) (United States), OneStream Software LLC (United States), SAS Institute Inc. (United States), Board International (Switzerland), Prophix Software Inc. (Canada)
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Key highlights of the report:
- Strategic Planning Software Market Performance (2019-2023)
- Strategic Planning Software Market Outlook (2024-2030)
- Strategic Planning Software Market Trends
- Strategic Planning Software Market Drivers and Success Factors
- SWOT Analysis
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
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