About Grant Management Software
Grant management software is a program or application that assists fund-seeking organizations such as non-profits and universities in administering and automating the grant process. It is designed to facilitate best practice grants management and ensure transparency in managing government-funded programs. It can help customers find grants by automatically searching known funding sources and alerting users when applicable grant opportunities are available. Grant management tools mainly work to optimize the entire lifecycle of a grant with just a single system.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Grant Management Software market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Grant Management Software market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Grant Management Software market throughout the forecasted period. 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.
Salesforce.com (United States), Sage Intacct (United States), Award Force (France), WizeHive (United States), Evalato (Spain), Quick Base (United States), Salsa Labs (United States), Blackbaud (United States), HTC Global Services (United States) and Benevity (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Jungle Lasers (United States), Seabrooks (United States), GivingData (United States), CyberGrants (United States), ZoomGrants Inc. (United States) and Streamlyne (United States).
Segmentation Overview
AMA Research has segmented the market of Global Grant Management Software market by , Application (Grant Discovery, Grant Application Management, Grant Award Tracking and Others) and Region.
On the basis of geography, the market of Grant 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). If we see Market by Deployment Type, the sub-segment i.e. Cloud-based will boost the Grant Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Platform, the sub-segment i.e. IOS will boost the Grant Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Subscription Mode, the sub-segment i.e. One Time License will boost the Grant Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organisation Size, the sub-segment i.e. Large Organisation will boost the Grant Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Non Profit Organizations will boost the Grant Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Integration of Grant Management Software with Non-Profit CRM or Fundraising Solutions and Customization of Software to Determine ROI of Philanthropic Investments
Market Growth Drivers:
Growing need to find and manage grants to achieve fundraising goals by a non-profit organization and real-time visibility and advanced reporting capabilities are some of the key factors driving the demand of the market., Numerous Functions Offered by Grant Management Software and Real-Time Program Performance & Transparency
Challenges:
Lack of Skilled and Trained Workforce and Integration with Other Systems
Restraints:
Subscription Cost of the Software owing to Functionality and Popularity of Social Media Platforms
Opportunities:
Innovation in Technology and Growing Number of Non-profit Organisation
Market Leaders and their expansionary development strategies
In 2018, Salesforce.org acquired RoundCorner, which provided fundraising and grant-making solutions, and industry expertise to meet the needs of the largest global organizations.
In May 2019, Salesforce.org, the philanthropic arm of Salesforce, has announced it will offer Foundation Connect, a next-generation grants management system that enables foundations and public charities to seamlessly manage the entire lifecycle of philanthropic giving.
Key Target Audience
Grant Management Service Providers, Software Developers and Integrators, Small, Medium, and Large Organisation, Government and Universities, Software & IT Firms 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.