Hackathon management software is used to engage hundreds or thousands of people at a time within the company. Hackathon management is a large, online, problem solving event which is used to harness the shared intelligence of progressive management technologists and practitioners across the world by using social networking platforms to collaborate.
The COVID-19 outbreak has been the main catalyst for the growth and adoption of hackathon management software. Educational organizations, enterprises, and governments are now focused on adopting online hackathon across the world due to the pandemic outbreak. This is expected to enhance the demand for hackathon management software among government and commercial enterprises, so as to ensure a robust platform to manage all communications between participants.
Growing need to ensure security and protection of data across small & medium and large enterprises across both developed and developing countries is projected to drive the growth of the hackathon management software market.
Rising adoption of Artificial Intelligence (AI), Internet of Things (IoT), and Machine Learning (ML) for security systems is expected to drive the demand for hackathon management software across the world. Besides, the increasing adoption of trending technologies such as data analytics, data mining, and business intelligence is expected to trigger the growth of the hackathon management software market. These technologies play an important role in hackathon management, which can help organizations handle high volume of ideas and projects.
Growing trend of single sign-on (SSO) among organizations or enterprises is expected to boost the growth of the hackathon management software market.
One of the negative factors hampering the growth of the hackathon management software market is the rising data security threats and cyber-attacks among enterprises.
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Fred Williams Joined: May 7th, 2020 Articles Posted: 371
