Grant Management Software Market Size Report – Trends & Forecasts 2028

Grant Management Software Market Forecast to 2028 - Global Analysis By Component (Software and Services), Deployment Type (Cloud and On-Premise), Organization Size (SMEs and Large Enterprises), and End User (Educational Institutes, Government, BFSI, Non-Profit Organization, and Healthcare)

Publication Month : May 2023

  • Report Code : TIPRE00007315
  • Category : Technology, Media and Telecommunications
  • Status : Published
  • No. of Pages : 197
Inquire Before Buy

PRICING

$4550

$3640

[Research Report] The grant management software market is projected to grow from US$ 1,588.37 million in 2022 to US$ 3,366.20 million by 2028; it is estimated to record a CAGR of 13.8% from 2023 to 2028.

Grant management has always been a crucial procedure for most companies. It mainly involves administrative tasks such as grant reporting, funding, and program execution. Grant management software helps manage and automate the entire grant process for fund-seeking organizations, including universities and nonprofit organizations. The administrator of grant process management must follow the current standards set by donors. Grant management software also enables organizations to collect detailed online data and provide both online and grant-tracking capabilities in a single package. Increasing demand for grant management software among companies is one of the main factors driving the grant management software market growth. Further, grant management software helps streamline the application process and efficiently create descriptions of several funding programs. The software allows organizations to monitor performance; speed up procedures such as reporting; and improve accounting performance, monitoring, and audits properly. However, the lack of a universal standard procedure is restricting the grant management software market growth.

The grant management software market in North America is segmented into Canada, the US, and Mexico. In 2022, the US accounted for the largest share of the market in North America. The growing investments by organizations in advanced technologies such as analytics and AI across various industries, including BFSI and governments, are anticipated to drive grant management software adoption during the forecast period. Further, the increased merger and acquisition activities by key market players are expected to boost the US grant management software market growth in the coming years. In August 2020, Submittable Holdings, Inc. partnered with the US-based GrantWatch, Inc. to reach a wider variety of grants and improve the quality and quantity of applications for grantmakers. In December 2018, eCivis partnered with Questica, a leading public sector budgeting provider. Through this collaboration, organizations aim to provide their customers a consolidated and coordinated budgeting, grant management, and cost allocation. WizeHive partnered with eCivis, a part of GTY, a leading Software-as-a-Service (SaaS) public sector company, in April 2018. The purpose of the partnership is to centralize and streamline the process of application intake, assessment, and grant award across the entire state of Arizona.

Customize Research To Suit Your Requirement

We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.

Grant Management Software Market: Strategic Insights

grant-management-software-market
Market Size Value inUS$ 1,588.37 million in 2022
Market Size Value byUS$ 3,366.20 million by 2028
Growth rateCAGR of 13.8% from 2023 to 2028
Forecast Period2023-2028
Base Year2022
Analyst Image

Naveen

Have a question?

Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

Analyst Image  Speak to Analyst

Impact of COVID-19 Pandemic on European Grant Management Software Market

The COVID-19 pandemic severely impacted European countries, including Italy, Spain, France, and Germany, with Italy being the most affected. The grant management software market in Europe has experienced various effects of the COVID-19 pandemic. First, the pandemic significantly increased the demand for funding, placing pressure on grant management software suppliers to provide quick and effective solutions. Second, due to the pandemic, many grantmaking organizations now use digital platforms for grant management and application. As a result, software developers had to upgrade their software products to accommodate remote access and online collaborations to meet the clients' changing needs. Grant management software suppliers have taken several actions to address these issues. Healthcare have concentrated on simplifying the application process to make it easier and productive. All such factors significantly impacted the European grant management software market growth.

  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities
Market Insights – Grant Management Software Market

Emergence of AI in Grant Management Software to Drive Grant Management Software Market Growth in Coming Years

Artificial intelligence (AI) is vital to any foundation or nonprofit organization. The ability of AI to provide quick Artificial intelligence (AI)-based grant management software is vital in any foundation or nonprofit organization. AI can provide quick mathematical calculations to increase the of human intelligence. AI-based software can manage high-volume data efficiently and outlines forecasts and risks more effortlessly, even with a less skilled workforce. Several grant management software providers are integrating their existing solutions with AI techniques to improve analytical abilities of the software. AI algorithms can be used to automatically score grant applications based on specific criteria. This can save time for the grant administration and ensure a fair and objective evaluation process. AI can be used to analyze past grant applications and outcomes to predict which applications are most likely to be successful. As expectations of end users regarding analytics and forecasting capabilities increase, the integration of existing grant management software with AI is expected to drive the growth of the grant management software market in the coming years.

  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities

End User-Based Grant Management Software Market Insights

Based on end user, the grant management software market is segmented into educational institutes, governments, BFSI, nonprofit organizations, and others. In 2022, the government segment dominated the grant management software market share. Government bodies of numerous countries across the globe are among the leading adopters of grant management software products. This is due to the fact that the majority of governments are grantmakers and are required to utilize robust and advanced solutions to simplify the grant processes. In addition, government bodies are increasingly emphasizing and propelling digitalization, which is another key catalyst for the grant management software market. The grand processing or grantmaking government departments require significant database management solutions to manage large volumes of data. As a result, the grant processing departments have been at the forefront of adopting grant management solutions with the objective of streamlining the process of any applicant. Further, the continuous growth in the number of grant seekers is boosting the adoption of grant management solutions, which is propelling the grant management software market in the government segment.

Market players mainly adopt inorganic growth strategies to stay competitive in the grant management software market ecosystem.

  • In 2023, Momentive Global Inc launched three new survey creation features for SurveyMonkey. The new features include a language personalization feature, additional best/worst question types, and a multilingual email collector.
  • 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.

Players profiled in the grant management software market report are:

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

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Component, Deployment Type, Organization Size, and End User

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


What will be the grant management software market size by 2028?

The grant management software market is expected to reach US$ 3366.20 Mn by 2028.

Which key players hold the major market share of the grant management software market?

The key players holding majority shares in the grant management software market include Oracle, Sage Group plc, Salesforce.org, Workday, Inc., and Momentive.

Which is the fastest-growing regional market?

APAC is anticipated to grow with the highest CAGR over the forecast period.

Which countries are registering a high growth rate during the forecast period?

The country anticipated to grow with the highest CAGR are US, Germany, and China.

What is the estimated global market size for the grant management software market in 2023?

The grant management software market was estimated to be US$ 1764.2 Mn million in 2023 and is expected to grow at a CAGR of 13.8 % from 2023 to 2028.

What are the future trends of the grant management software market?

The integration of existing grant management software with AI is expected to drive the growth of the grant management software market in the coming years.

Which country holds the major market share of the grant management software market?

The US held the largest market share in 2022, followed by Germany.

What are the driving factors impacting the grant management software market?

The increasing number of grant funding across countries, such as China, Germany, the US, the UK, India, Australia, Mexico, and others is driving the global grant management software market growth.

The List of Companies - Grant Management Software Market

  1. StreamLink Software Inc
  2. CyberGrants LLC
  3. Workday Inc
  4. Fluxx Labs Inc
  5. Oracle Corp
  6. Salesforce Inc
  7. Sage Group Plc
  8. Submittable Holdings Inc
  9. Momentive Global Inc
  10. WizeHive, Inc.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Trends and growth analysis reports related to Grant Management Software Market