Global Innovation Management Market Research Report 2017Posted by Bharat Book on December 16th, 2017 The Global Innovation Management Market to grow from USD 351.22 million in 2016 to USD 2004.35 million by 2023, at a CAGR of 28.25%. The year 2016 has been considered as the base year, while the forecast period is up-to 2023. Innovation management defines practices, actions, and results that connect an idea for the purpose of generating business values. The process in idea management connects the idea to production; generate opportunities for generating customer value and; release that idea to the market to grow and sustain the business. Innovation management is an inclusive approach to derive business strategies by involving experience and knowledge of the employees in the decision-making process. Crowdsourced innovation leverages the power of collective intelligence thereby understanding the potential in the market to improvise business strategy. Request a free sample copy of Innovation Management Market Report @ The major forces driving the growth of the innovation management market include the need for continuous innovation to gain competitive advantage/ to stay ahead in competition and need to maintain pace with evolving technology. Moreover, need to maintain sustainability and continuous process improvement to increase productivity are also some of the factors that are driving the market growth. However complexity in managing ideas frim heterogeneous sources, and uncertain roi may hinder the market growth. In the middle of difficulty lies opportunity such as the crowdsourcing of ideas, cloud generation, collaboration with social media platforms, and using design thinking for iot innovation and cross industry learning. The possible challenges for the market growth are building an innovation culture, and processing ideas efficiently. But key players in the market are overcoming the challenges with continual improvement and innovation. Based on industry, the global innovation management market is studied across aerospace & defense, banking, financial services & insurance, consumer goods & retail, education, energy & utilities, government, healthcare & life sciences, information technology, manufacturing, media & entertainment, telecommunication, transportation & logistics, and travel & hospitality. Based on geography, the global innovation management market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific. Report Highlights: Reasons to Buy: Browse our full report with Table of Contents : About Bharat Book Bureau: Contact us at: Follow us on : Twitter, Facebook, LinkedIn, Google Plus Like it? Share it!More by this author |