Scope of the Study
The global change management software market is expected to witness healthy growth during the forecast period, according to the AMA study. The growing automation & digitization as operational changes across different end-use industries and increasing demand to keep the version control of IT software platforms are some of the major factors aiding into the growth of the market.
The market study is being classified, by Application (Approval Workflow, Audit Trail, Change Calendar, Change Planning, Compliance Management, Prioritization, Task Management and Training Management) and major geographies with country level break-up.
Sparta Systems, Inc. (United States), Pilgrim Quality Solutions (United States), AssurX, Inc. (United States), Gensuite (United States), Freshworks Inc. (United States), Cognician (Pty) Ltd. (South Africa), ScienceSoft USA Corporation (United States), SunView Software (United States), BMC Software, Inc. (United States), WHATFIX (United States), Engage Your Team (United States), SolarWinds Worldwide, LLC. (United States), Micro Focus (United Kingdom), SysAid Technologies Ltd. (Israel), Alloy Software, Inc. (United States) and Honeywell (United States) are some of the key players profiled in the study.
The vendors in this market are majorly focusing on the development of new and innovative solutions and upgrading their existing versions of solutions in order to remain competitive in the global market. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Change Management Software market throughout the predicted period.
Segment Analysis
AdvanceMarketAnalytics has segmented the market of Global Change Management Software market by Type, Application and Region.
On the basis of geography, the market of Change Management Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Demand from Rising Automation & Digitization in Operational Changes Among Different Enterprises in Order to Achieve Effective Management
- Increasing Demand to Keep Version Control of Platform
- Increasing Demand for Governance, Auditing, and Analysis
Market Trend
- Transforming End-Use industries
- Implementation of Artificial Intelligence in Change Management Solutions
Restraints
Opportunities
- Opportunity for Market Vendors to Diversify into Other End-Use Industries Apart from Existing End-Users
Challenges
- IT Management Challenges Related to Digitization
In April 2019, Honeywell announced that it has launched the latest version of its change management software Honeywell Trace R130 which will offer the users across the process industries performance benefits & time savings
Key Target Audience
Change Management Software Developers, New Entrants/Investors, Analysts and Strategic Business Planners and Providers, Venture Capitalists and Private Equity Firms and Government Regulatory and Research Organizations
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