About Donor Prospect Software
Donor prospect software is used to find potential donors. It enables nonprofits to identify major donor prospects within their supporters, based on wealth markers and philanthropic indicators. Increasing implementation of the software among organizations to increase accuracy, boost efficiency, develops stronger predictions and built better relationships.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Global Donor Prospect Software is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching Software. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Instrumentl (United States), DonorSearch (United States), Bloomerang (United States), Tessitura (United States), Salesforce.org (United States), DonorScape (United States), EverTrue (United States), WealthEngine, Inc. (United States) and iWave Systems (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Donor Prospect Software market by , Application (Education, Healthcare, Nonprofits, Faith-based and Others) and Region.
On the basis of geography, the market of Donor Prospect Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Pricing, the sub-segment i.e. Subscription-based will boost the Donor Prospect Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. Cloud-Based will boost the Donor Prospect Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Features, the sub-segment i.e. Administration will boost the Donor Prospect Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Shift toward Digital Advancement and Introduction and Innovation of Advanced AI Capabilities
Market Growth Drivers:
Growing Demand for Donor Prospect Software from Nonprofits Organizations and Increasing Technology Challenges among Nonprofit Organizations like Huge Payment Processing System
Challenges:
Lack of Awareness among some Industries
Restraints:
High Cost Associated with the Donor Prospect Software
Opportunities:
Rising Implementation of the Donor Prospect Software among Nonprofits Organizations to deliver more Predictive and Strategic Donor Prospects across all Fundraising Initiatives
Market Leaders and their expansionary development strategies
On 1st March 2022, EverTrue announced the acquisition of The Solas Group. Through this acquisition, EverTrue can improve its legendary fundraising intelligence platform with the user-friendly, on-demand tools for which Solas is known. and On 28th October 2021, EverTrue announced the merger with ThankView. The combination is supported by a strategic majority investment from Rubicon Technology Partners. Both companies serve around 2,000 nonprofit customers such as over 1,000 universities, colleges, and independent schools. With this combination of the companies, customers can unlock insights and engage donors in a harmonious and data-based.
On 2nd February 2021, DonorSearch unveiled DonorSearch Aristotle. It is a breakthrough innovation that embeds advanced AI capabilities in the DonorSearch Platform. With the help of a new solution, nonprofits can deliver more predictive and strategic donor prospects across all fundraising initiatives.
Key Target Audience
Donor Prospect Software Developers, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.