Market Snapshot:
Requirements Management software helps companies align practical needs with IT functionality during the systems development or upgrade process. Rising demand in various end-user industries will help to boost global requirements management’s software market in the forecasted market period. Requirements management is the procedure of documenting, analyzing, tracing, prioritizing and agreeing on necessities and then controlling change and communicating to related investors.
Highlights from Requirements Management Software Market Study
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
The key Players profiled in the report are IBM (United States), Visure Solutions, Inc. (United States), ReQtest (Sweden), Jama Software (Netherlands), PTC (United States), Accompa, Inc. (United States), Vitech Corporation (United States), SPEC Innovations (United States), Xebrium Inc. (United States) and Kovair Software, Inc. (India). Additionally, other players that are part of this comprehensive study are The Reuse Company (Spain), Perforce Software, Inc. (United States), iRise (United States) and Seilevel (United States).
Geographic Breakdown and Segment Analysis
The Global Requirements Management Software market presents a comprehensive analysis of the Requirements Management Software market by end-user/application (BFSI, Retail, Public Sectors, Manufacturing & Automotive, Telecom, Healthcare, Service Provider and Other), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Requirements Management Software industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest. For instance, while the North America holds majority of market share of the Requirements Management Software market, the Europe has emerged as a crucial market for several Requirements Management Software brands.
Analyst at AMA have segmented the market study of Global Requirements Management Software market by Type, Application and Region.
Influencing Trend:
Growing Demand for Cloud based Software and Increasing demand of Mobile Platform
Market Growth Drivers:
Growing demand in Various End User Industries
Challenges:
Lack of Awareness among the User
Restraints:
High Cost and Complexity of Software’s
Opportunities:
Increasing Demand in Emerging Countries
In Nov 2020, Jama Software, the leading requirements management solution for building complex products and integrated systems, today introduced Jama Connect for Airborne Systems, a solution designed to help systems engineering teams reduce barriers to the compliance process for their aircraft and aviation systems development process.
Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings.
Key Target Audience
Government Research Organization, Private Research Organization, Government Regulatory Bodies, Industry Association, Downstream Vendors and Others