Award Management Software Market Emerging Trends, Analysis and Forecasts 2028
Award Management Software Industry Overview The global award management software market size was valued at USD 552.1 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 8.2% from 2021 to 2028. The growth of the market can be attributed to the growing need among enterprises to accelerate the award application review as part of the process to improve the overall award process. The capabilities offered by award management software to screen a large number of entries according to the requirement are expected to drive the adoption of award management software. The strong emphasis corporations and educational institutes are putting on providing incentives, scholarships, aids, and recognitions also bode well for the growth of the market over the forecast period. Gather more insights about the market drivers, restrains and growth of the Global Award Management Software Market The outbreak of the COVID-19 pandemic and the restrictions imposed in different ...