Business Plan Software Market Growth Drivers and Forecast by 2027

The business plan software market was valued at US$ 82,730.3 thousand in 2019 and is projected to reach US$ 13,7871.4 thousand by 2027. The Business plan software market is expected to grow at a CAGR of 7.00% during the forecast period of 2020 to 2027.

The business plan software market is gaining prominence over the years across the globe. Both the developed countries and developing countries are experiencing significant growth in the number of emerging start-ups with tech-savvy entrepreneurs. The demand for business plan software is maximum among the new entrepreneurs in the developed countries; however, the emerging entrepreneurs are gaining awareness related to the benefits of software based business plan software. This is catalyzing the growth of the business plan software market. The business plan software available in the market is also used by several consultancies that offer business planning services. These consultancies experience a huge number of entrepreneurs annually seeking robust business plans across industries. Pertaining to the rise in demand for business plans from diversified industry verticals, the consultancies opt for software-based plans which facilitate them with a wide array of business plan samples. This helps them to gain a huge customer base and pay the subscription amount. This factor propels the growth of the business plan software market.

While there are diverse viewpoints on the damage, which COVID-19 may cause, the fact remains that COVID-19 is spreading worldwide. New cases are rising in locations including, the US, Canada, Europe, Africa, the Middle East, India, Australia, South Korea, India, and Japan, among several other countries. Though the impacts on diverse businesses are well-known, the technology sector is also facing the largest disruption in recent remembrance

The global business plan software market is segmented on the basis of parameters such as platform, deployment type, subscription type, and geography. On the basis of platform, the market has been categorized as iOS, Windows, and others. The deployment type segment has been bifurcated into on-premise and cloud. The subscription type segment is classified as one-time, monthly, and annual. Geographically, the business plan software is segmented as North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America (SAM).

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Business Plan Software Market: Strategic Insights

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Business plan software Market Insights

Accentuating Number of Start-ups

The stupendous growth in global industrialization is a result of the rising number of start-ups, small and medium enterprises (SMEs), and large organizations across industries. The start-up ecosystem is booming in the current scenario across the world and is driving the economy of every country. The new entrepreneurs are seeking businessplanning services to assess their business prospects. Considering the fact, that majority of the emerging entrepreneurs in the developed countries are well aware of the benefits of software-based business planning, the demand for business plan software among the companies providing business planning services is surging. This parameter is positively influencing the growth of the business plan software market.

Platform -Based Market Insights

The business planning software developing companies are significantly focusing on the development of their products for various platforms. The iOS, Windows, Linux, web-based software are available in abundance to facilitate the new entrepreneurs or new business owners to determine and assess respective business roadmap. The others (web-based and Linux) segment dominates the business plan software market, followed by the windows segment and iOS segment.

Deployment Type -Based Market Insights

The cloud-based business plan software, as well as on-premise business plan software, are gaining popularity among new entrepreneurs and consultancies offering business planning services. The cloud segment generates the majority of the demand since it is comparatively less expensive and due to strong network infrastructure in developed countries. In addition, the business plan software developing companies are concentrating heavily on designing a high-level security patch in order to eliminate the risk of cyber-attack. This factor is also creating significant demand from the end users, thereby driving the business plan software market.

Subscription Type -Based Market Insights

The global start-up ecosystem is surging, and every new business owner seek an appropriate business roadmap plan. This has led to an upsurge in the count of business plan software developers across the globe. These developers roll out their products on a subscription basis such as a one-time subscription, monthly subscription, and annual subscription. The demand for each of the subscription types mentioned above is at a constant rise among different end users. The annual subscription type segment dominates the business plan software market, followed by the one-time segment and monthly segment.  

Players operating in the Business plan software market focus on strategies, such as market initiatives, acquisitions, and product launches, to maintain their positions in the Business plan software market. A few developments by key players of the Business plan software market are:

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Business Plan Software Market Regional Insights

The regional trends and factors influencing the Business Plan Software Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Business Plan Software Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Business Plan Software Market Report Scope

Business Plan Software Market Players Density: Understanding Its Impact on Business Dynamics

The Business Plan Software Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Business Plan Software Market – by Deployment

• On-premise
• Cloud

Business Plan Software Market – by Platform

• Windows
• iOS
• Others

Business Plan Software Market – by Subscription Type

• One-Time
• Monthly
• Annual

Business Plan Software Market – by Geography

• North America

  • US
  • Canada
  • Mexico

• Europe

  • France
  • Germany
  • Russia
  • UK
  • Italy
  • Rest of Europe

• Asia Pacific (APAC)

  • China
  • India
  • Japan
  • Australia
  • Rest of APAC

• MEA

  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of MEA

• SAM

  • Brazil
  • Argentina
  • Rest of SAM

Business Plan Software Market – Company Profiles

• Atlas Business Solutions, Inc.
• enloop, Inc.
• Palo Alto Software, Inc.
• PlanGuru, LLC
• Simpleplanning
• Startups.com LLC
• StratPad Inc.
• Tarkenton.com
• The Business Plan Shop Ltd.
• UpMetrics