Change Management Software Market to Reach US$ 4.8 Billion, Globally by 2033 at 8.9% CAGR: Future Market Insights, Inc.

Between 2023 and 2033, the market for change management software is projected to grow at a healthy CAGR of 8.9%. By 2033, the market is anticipated to hold a market share of US$ 4.8 billion, while its estimated value in 2023 is US$ 2.06 billion.

The market for software solutions that assist organisations in managing and navigating changes to their operations, procedures, and systems is referred to as the “change management software market.” In order to ensure seamless transitions, reduce disruptions, and maximise the success of organisational changes, these software tools are used to streamline and automate the procedures involved in change management.

The reduced downtime, enhanced time-to-value graph, and smooth deployment of any new change make it the perfect platform for a structure-based corporation. Additionally, additional tools like visual analytics and reporting, on-demand and controlled access, and personalized content and document sharing make it a desirable tool.

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Automation in corporate structures with the adoption of advanced problem-solving software empowered by artificial intelligence, machine learning, and big data is highly adaptive. Monitoring employees, systems, and projects adopting the change becomes a critical and integral part of any modern management.

The improved risk management enabled coordination, and facilitated communications between technical teams and users also helped small startups. The expanding startup companies are adopting systems that integrate their network while increasing productivity.

Key Points

  • The United States market leads the change management software market in terms of market share in North America. The United States region held a market share of 18.1% in 2023. The growth in this region is attributed to the higher adoption of smart technologies, key economic activities, and vendors working on problem-solving functions. The North American region held a substantial market share of 26.6% in 2022.
  • Germany’s market is another successful market in the European region. The market holds a market share of 6.5% in 2022. The growth is attributed to expanding corporate structure and high-end software research. Though, the European region held a market share of 21.2% in 2022
  • The Indian change management software market booms at a CAGR of 9.4% during the forecast period. The market’s growth is attributed to higher innovation, increased outsourcing businesses, and innovation.
  • The Chinese market also thrives at a CAGR of 9.6% between 2023 and 2033.
  • Based on deployment mode, the on-premise change management software segment held the leading market share of 58.7% in 2022.
  • Based on component type, the software segment performs well as it held a leading market share of 63.4% in 2022.

Competitive Landscape

The key vendors focus on providing additional tools, better support, and smooth integration in their change management software. Key competitors and also merge, acquire, and partner with other companies to increase their supply chain, and distribution channel.

Key Players

  • BMC Software
  • IBM Corporation
  • Broadcom Inc.
  • Cherwell Software, LLC.
  • Ivanti

Recent Market Developments

  • Freshworks has introduced its IT service management software, Fresh Service which helps corporate structures in rolling out their changes with effective tracking. The platform also keeps each section of the team in the loop.
  • IBM has added its application management service with a hybrid cloud for smooth file sharing, data transfer, and enterprise application management.

Key Segments Covered

By Component:

  • Software
  • Services

By Deployment Type:

  • On-Premise
  • Cloud-based

By Organization Size:

  • SMEs
  • Large Enterprises

By Industry Type:

  • BFSI (Banking, Financial Services, and Insurance)
  • Healthcare and Life Science
  • Education
  • Government and Public Sector
  • Telecom and IT
  • Retail and Consumer Packaged Goods
  • Others

Key Regions Covered:

  • North America
  • Latin America
  • Europe
  • Japan
  • Asia Pacific Excluding Japan
  • The Middle East and Africa

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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