North America Business Plan Software Market is expected to reach US$ 70810.77 Mn in 2027

Published Date: 13 Aug 2020

Report : North America Business Plan Software Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Platform (iOS, Windows, and Others), Deployment Type (On-Premise and Cloud), and Subscription Type (One-time, Monthly, and Annual)

Others Segment to Dominate North America Business Plan Software Market during 2019–2027

According to The Insight Partners market research study on “North America Business Plan Software Market Forecast to 2027 – COVID-19 Impact and Analysis and Forecast by Platform, Deployment Type, and Subscription Type” is expected to reach US$ 70810.77 Mn by 2027 from US$ 47454.11 Mn in 2019. The market is estimated to grow at a CAGR of 5.52% from 2020 to 2027. The report provides trends prevailing in the North America business plan software market along with the drivers and restraints pertaining to the market growth. Accentuating number of start-ups is the major factor driving the growth of the North America business plan software market. However, high reliance on traditional business planning tools hinder the growth of North America business plan software market. Furthermore, the US is the worst-hit country in North America. The continuous growth of infected individuals has led the government to impose lockdown across the nation’s borders. As the outbreak of COVID-19 continues to spread throughout the country, stricter containment measures are being put into place. Funding in start-ups have decline significantly during the Q1 2020, mostly in New York and Boston. However, Silicon Valley was stronger. In Boston, many significant investors were discouraged in Q1’20, after participating in first in Q4’19, CRV, Accel, Index Ventures, refrained from signing first checks.

The market for business plan software market is segmented into platform, deployment type, subscription type, and country. Based on platform, the market is segmented into iOS, windows, and others. In 2019, the others segment held the largest share in North America business plan software market. On the basis of deployment type the market is divided into cloud, and on-premise. The cloud segment accounts for largest market share in the 2019. Similarly, based on subscription type the market is segmented into one-time, monthly, and annual. The annual subscription segment contributed a substantial share in 2019. Also the COVID-19 has been very devastating in the North America region. US has the higher number of confirmed cases of coronavirus, as, compared to Canada and Mexico. The fast increase in the number of confirmed cases and rising reported deaths are likely to impact the businesses operating in this region.

Simpleplanning, Tarkenton.com, Palo Alto Software, Inc., PlanGuru, LLC, Startups.com LLC, Atlas Business Solutions, Inc., enloop, Inc., and StratPad Inc. are among the leading companies in the North America business plan software market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2018, Atlas Business Solutions, Inc. announced that it gained its recognition in software magazine's software 500 ranking of the world's largest software and service providers. This was the tenth time Atlas Business Solutions appeared on the top 500 list in 2018, which was 36th year of the annual ranking.

                                             Europe Business Plan Software Market, By Country, 2019 and 2027 (%)

                                          Europe Business Plan Software Market, By Country, 2019 and 2027 (%)

The report segments the North America business plan software market as follows:

Business Plan Software Market – By Platform

  • iOS
  • Windows
  • Others

Business Plan Software Market – By Deployment Type

  • On-Premise
  • Cloud

Business Plan Software Market – By Subscription Type

  • One-Time
  • Monthly
  • Annual

Business Plan Software Market – By Country

  • US
  • Canada
  • Mexico
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