Organizational Change Management Software Global Market Report 2024

The organizational change management software market size has grown rapidly in recent years. It will grow from $2.49 billion in 2023 to $2.92 billion in 2024 at a compound annual growth rate (CAGR) of 17.5%. The expansion observed in the historical period can be attributed to several factors. These include globalization, which has led to increased complexity in change initiatives as organizations adapt to new markets and environments. Additionally, there has been a focus on employee engagement and satisfaction, as well as efforts aimed at cost reduction and efficiency improvement. Organizational culture and leadership have also played significant roles in driving growth during this period.

The organizational change management software market size is expected to see rapid growth in the next few years. It will grow to $5.61 billion in 2028 at a compound annual growth rate (CAGR) of 17.7%. The anticipated growth in the forecast period can be attributed to several key factors. These include the ongoing digital transformation initiatives across industries, the increasing prevalence of remote work and distributed teams, the adoption of AI and automation technologies, heightened concerns regarding cybersecurity and data privacy, efforts towards cultural transformation within organizations, and a growing emphasis on health and well-being initiatives for employees. Major trends expected in the forecast period include the integration of AI and machine learning technologies to enhance organizational processes, a focus on enhancing user experience within organizational change management software, integration with collaboration tools to facilitate remote work and team collaboration, an increased focus on employee well-being initiatives, and the adoption of agile and iterative approaches to change management.

The organizational change management software market is poised for growth driven by the increasing demand for remote management solutions. Remote management, characterized by overseeing operations from a distant location through remote access tools, is gaining traction due to trends towards remote work and technological advancements. This demand is further fueled by the imperative for cost savings and business continuity. Organizational change management software plays a pivotal role in evaluating the impact of remote access integration, identifying stakeholder resistance, and devising strategies to align processes with remote management objectives. For instance, as reported by the Bureau of Labor Statistics in April 2023, the percentage of remote working employees surged to 42.2% in 2022, highlighting the significance of remote management in contemporary work environments. Hence, the demand for remote management is fueling the growth of the organizational change management software market.

Leading companies in the organizational change management software sector are enhancing their offerings by integrating specialized modules, such as regulatory change management (RCM), to address compliance requirements effectively. These integrated RCM capabilities empower organizations to manage regulatory updates seamlessly, assess their impact on operations, and implement necessary changes as part of broader change management initiatives. For example, Onspring, a US-based software company, introduced its Regulatory Change Management (RCM) solution in July 2022. This solution provides real-time visibility and control over regulatory changes, enabling compliance teams to assess associated risks promptly and take corrective actions as needed.

In February 2021, Accenture Plc strengthened its change management capabilities through the acquisition of Future State, a US-based provider of organizational change management software. This strategic move expands Accenture's talent pool, enhancing its ability to assist clients in navigating business transformations in a dynamic environment. By integrating Future State's expertise, Accenture reinforces its commitment to delivering innovative solutions and driving positive organizational change for its clients.

Major companies operating in the organizational change management software market are Microsoft Corporation, Accenture Plc, International Business Machines Corporation, Deloitte Touche Tohmatsu Limited, Oracle Corporation, SAP SE, Salesforce Inc., ServiceNow Inc., Bain & Company Inc, Change Compass Inc., OpenText Corporation, ManageEngine, Freshworks Inc., Praxis, ServiceAide Inc., Nakisa Inc., Whatfix Inc., SysAid Technologies Ltd., Cognician Inc., SmartSolve LLC, FluentPro Software Corp, Orgmapper, Canfigure, Gensuite, jTask Inc.

North America was the largest region in the organizational change management software market in 2023. The regions covered in the organizational change management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the organizational change management software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Organizational change management software encompasses specialized tools designed to streamline and facilitate the process of managing organizational change initiatives within businesses or institutions. These software solutions offer a structured framework and a range of functionalities to aid organizations in effectively planning, implementing, and monitoring changes across various aspects of their operations, including processes, technologies, structures, and cultures.

The primary types of organizational change management software products include cloud-based and on-premises solutions. Cloud-based software refers to tools or services delivered over the Internet and accessed remotely via web browsers or applications. These solutions are applicable to both small and medium enterprises (SMEs) as well as large enterprises across various end-user industries, including banking, financial services, and insurance (BFSI), information technology (IT) and telecommunications, government and public administration, healthcare, education, retail, energy and utilities, manufacturing, construction, and real estate, among others.

The organizational change management software market research report is one of a series of new reports that provides organizational change management software market statistics, including organizational change management software industry global market size, regional shares, competitors with a organizational change management software market share, detailed organizational change management software market segments, market trends and opportunities, and any further data you may need to thrive in the organizational change management software industry. This organizational change management software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The organizational change management software market includes revenues earned by entities providing services such as customization and configuration, integration with IT systems, and software as a service (SaaS). The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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