Strategy and Innovation Roadmapping Tools Market Scope
Strategy and innovation road-mapping tools enable EA and technology innovation leaders to visualize the relationship between strategy, innovation, and the state of execution over time. The graphical nature of the user interface and its ability to dynamically represent complex relationships and dependencies when analytical lenses are supported make the use of strategy and innovation road-mapping tools powerful. "Roadmapping" is a term that describes the activities involved in developing a roadmap. The combination of time over strategic levels (e.g. market, products, and services, technology) distinguishes road-mapping from innovation management alone, which aims at generating ideas, and the various selection, planning, and execution phases of these ideas. Strategy and innovation road-mapping tools not only support the creation of roadmaps but also include different levels of analysis. Strategy and innovation analysis techniques can be directed both outwards and inwards.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Strategy and Innovation Roadmapping Tools market throughout the predicted period.
ProductPlan (United States), Roadmunk (Canada), Aha! (United States), Productboard (United States), airfocus (Germany), Aha Labs, Inc. (United States), SharpCloud (United Kingdom), ITONICS (Unites States) and Sopheon (United States) are some of the key players that are part of study coverage.
Segmentation Overview
The study have segmented the market of Global Strategy and Innovation Roadmapping Tools market by Type (Cloud Based and Web Based), by Application (Large Enterprises and SMEs) and Region with country level break-up.
On the basis of geography, the market of Strategy and Innovation Roadmapping Tools 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).
Influencing Trend:
Rising Usage of Big Data Analytics, Rising Trend of Visually Mapping Complex Ideas and Relationships and Need For Quality Check and Automation Is Increasing
Market Growth Drivers:
Improving Computing Power and Declining Hardware Cost, Increase in the Creation of Roadmaps That Chart an Idea or Project over Time and The Increasing Adoption of Cloud-Based Technology
Challenges:
Lack of User Awareness
Restraints:
Lack of Technical Expertise
Opportunities:
Growing AI Adoption, An Upsurge in Providing Tools to Analyze Strategies and Projects and The Advancements in Technology and IoT
Market Leaders and their Expansionary Development Strategies
In May 2022, Sopheon, a leading international provider of software and services for enterprise innovation management solutions, acquired the business and assets of Solverlink Limited. Solverboard is a UK-based company specializing in front-end innovation management. Solverboard's cloud-native products accelerate time-to-value by enabling companies to dynamically find, sort, test, and deliver the best innovations and product ideas from employees and customers. Companies often suffer from low success rates in innovation and product development programs.
In October 2022 SharpCloud, a powerful visual tool for strategic business alignment becomes an Oracle PartnerNetwork member. As a partner member, SharpCloud provides data-driven visualization and collaboration solutions to help project-led companies align project work with long-term business goals. SharpCloud complements Oracle's enterprise-grade project management product system.
Key Target Audience
Providers of Strategy and Innovation Roadmapping Tools, End-Users, Potential Investors, Market Research Firms and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.