Grant Management Software Market to Grow at a CAGR of 12.0% to reach US$ 2907.4 Million from 2020 to 2027

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Technology, Media and Telecommunications Grant Management Software Market
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Grant Management Software Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Component (Solution and Services), Deployment Type (Cloud and On-Premise), Organization Size (SMEs and Large Enterprises), and End-User (Educational Institutes, Government, Banks, Non-Profit Organizations, and Others)

Publication Month: Sep 2020 | Report Code: TIPRE00007315 | No. of Pages: 202 | Category: Technology, Media and Telecommunications | Status: Published

The grant management software market expected to grow from US$ 1316.9 million in 2020 to US$ 2907.4 million by 2027; it is estimated to grow at a CAGR of 12.0% from 2020 to 2027.

Implementation of AI with grant management software is attributing to the growth of the market. The artificial intelligence (AI) has a vital role in any foundation or non-profit organization. The ability of AI to provide quick mathematical calculations to augment the vital abilities of human intelligence is anticipated to generate the greatest growth opportunity for the grant management software market in the near future. AI has proven to be efficient in high volume data management, and to outlines forecast and risk more effortlessly and even with a less skilled workforce. Several grant management software providers have already integrated their existing solutions with AI techniques for improvising their analytical abilities. In the forthcoming years, as the end-users’ expectation regarding analytics and forecasting capabilities increases, the collaboration of existing grant management software with advanced analytical technologies is expected to drive the growth of the grant management software market

Impact of COVID-19 Pandemic on Grant Management Software Market

The COVID-19 outbreak resulted in business shutdown across the globe leading to economic slowdown in 2020 and in 2021 also. However, the COVID-19 crisis positively impacted the growth of some sectors, such as software and technology. The demand for digital solutions, especially has grown at a high rate in the past few months. A significant number of government agencies and banks have taken significant initiatives to provide grants to the affected end-users. As a result, the adoption rate of grant management solutions is expected to grow in the coming years to manage all documents and reduce paperwork.

Lucrative Regions in Grant Management Software Market


Lucrative Regions in Grant Management Software Market

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Market Insights–Grant Management Software Market

Growing Awareness and Demand in Developing Countries

Developing countries are experiencing a rise in the number of SMEs, which are inclined toward adopting software-based automated solutions. The demand for grant management software is on the rise due to the fact that SMEs are increasingly emphasizing on automated solutions to enhance business operations. Grant management software analytics also enables us to understand the budget forecast and grant budget reports. There is an increase in awareness related to grant management software benefits among the companies in developing regions. These factors are offering lucrative business opportunities for grant management software market players.

Rising awareness about the benefits of using grant management software among the companies in the developing countries is creating a lucrative opportunity. This factor boosts the growth of the grant management software market. APAC is one of the fastest-growing areas across the globe in terms of NGOs and associations.

Countries such as India, South Korea, Singapore, and Malaysia lead the grant management software market's growth path. Growing number of companies offering grant management software, increasing demand for a cloud-based solution, and rising number of service providers are expected to catalyze the growth of the grant management software market during the forecast period.

Component-Based Insights

Based on component, the grant management software market is segmented into solution and services. The solution segment held the largest market share in 2019.

Strategic Insights

Report Coverage - Grant Management Software Market
Report CoverageDetails
Market Size Value inUS$ 1316.9 Million in 2020
Market Size Value byUS$ 2907.4 Million by 2027
Growth rateCAGR of 12.0% from 2019-2027
Forecast Period2019-2027
Base Year2019
No. of Pages202
No. of Tables115
No. of Charts & Figures90
Historical data availableYes
Segments coveredComponent , Deployment Type , Organization Size , and End-User
Regional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scopeUS, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
Free Sample Copy Available

Players operating in the grant management software market are mainly focused on the development of advanced and efficient products.

  • In 2020, SurveyMonkey Apply web-based platform helping organizations and government agencies to collect and review data-intensive applications for grants, awards, scholarships, and other programs during the COVID-19 pandemic.
  • In 2019, AmpliFund entered into a partnership with both states of Illinois and the Commonwealth of Puerto Rico to automate their infrastructure by implementing grant management systems in two states. This partnership helps to increase grant funding, drive compliance, and reduce the risk of all grant funding.

The grant management software market has been segmented as follows:

Grant Management Software Market – by Component

  • Solution
  • Services

Grant Management Software Market – by Deployment Type

  • Cloud
  • On-Premise

Grant Management Software Market – by Organization Size

  • SMEs
  • Large Enterprises

Grant Management Software Market – by End-User

  • Educational Institutes
  • Government
  • Banks
  • Non-Profit Organizations
  • Others

Grant Management Software Market – by Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Italy
    • Russia
    • U.K
    • Rest of Europe
  • Asia Pacific (APAC)
    • Japan
    • China
    • Australia
    • India
    • South Korea
    • Rest of APAC
  • Middle East and Africa (MEA)
    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of MEA
  • South America (SAM)
    • Brazil
    • Argentina
    • Rest of SAM

Grant Management Software Market – Company Profiles

  • AmpliFund
  • CyberGrants, LLC
  • Fluxx Labs Inc.
  • Oracle Corporation
  • The Sage Group plc
  • Salesforce.com, Inc.
  • Submittable Holdings, Inc.
  • SurveyMonkey
  • WizeHive, Inc.
  • Workday, Inc.

Frequently Asked Questions

Which deployment type led the grant management software market?
During the forecast period, the cloud segment led the grant management software market.In the cloud-based deployment model, softwareis hosted on a third-party infrastructure and services are provided to end-users via a network.Some of the major benefits that company have in choosing cloud-based solutions are the low CAPEX that company require in establishing new infrastructure and limited cost for new software licensing and new services. The cloud-based deployment of solutions helps companies to adopt pay-as-you-grow model and proving them benefits such as high scalability, elasticity and efficient metering of the services.
Which factor is driving the grant management software market?
Increasing number of NGOs, associations, research projects in universities, and other CSR activities in developing countries, such as Mexico, China, India, Australia, and other South East Asian countries, is one of the key factors driving the global grant management software market. Several companies in developing countries offer customized software for both grantors and grant recipients. Also, several untapped and highly unorganized markets in South East Asian countries provide significant opportunities for grant seekers to grow. Furthermore, increasing use of new technologies is recognized as one of the significant market driver for grant management software.
Which region led grant management market?
North America led the grant management software market in 2019, and the growth is majorly driven by the increasing number of grant projects and follows standardized regulations, compared to other regions. In addition, enormous amount of data is generated by organizations and companies operating in in North America. This is due to rising adoption of new technologies, which leads to increasing adoption of grant management solutions. Moreover, the presence of leading market players in North America, such as WizeHive, Submittable, Oracle, Workday, Salesforce, eCivis, Benevity, SmarterSelect, Foundant Technologies, Blackbaud, SurveyMonkey, Fluxx, HTC Global Services, ZoomGrants, CyberGrants, and Altum, is anticipated to propel the market growth during the forecast period

The List of Companies - Grant Management Software Market

  1. AmpliFund
  2. CyberGrants, LLC
  3. Fluxx Labs Inc.
  4. Oracle Corporation
  5. The Sage Group plc
  6. Salesforce.com, Inc.
  7. Submittable Holdings, Inc.
  8. SurveyMonkey
  9. WizeHive, Inc.
  10. Workday, Inc.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the grant management software market.

  • Highlights key business priorities in order to assist companies to realign their business strategies.

  • The key findings and recommendations highlight crucial progressive industry trends in the grant management software market, thereby allowing players across the value chain to develop effective long-term strategies.

  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

  • Scrutinize in-depth globalmarket trends and outlook coupled with the factors driving the market, as well as those hindering it.

  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
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