The revenue growth of Business Plan Software Market is expected to reach US$ 1,37,871.4 thousand by 2027, rising from US$ 82,730.3thousand in 2019. The growth rate for revenue curve is estimated to be 7.0% during the forecast period.
The accentuating number of start-ups is propelling the demand for business plan software across the world. The cost-effectiveness of business plan software over services is also one of the major factors driving the business plan software Market worldwide. However, high reliance on traditional business planning tools may restrain the Market growth. 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 business-planning 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.
Key Players Influencing the Market
- Atlas Business Solutions, Inc.
- enloop, Inc.
- Palo Alto Software, Inc.
- PlanGuru, LLC
- Startups.com LLC
- StratPad Inc.
- The Business Plan Shop Ltd.
The business plan software Market has been segmented on the basis of platform, deployment type, subscription type, and geography. Based on platform, the Market is segmented into iOS, Windows, and others. The windows segment held maximum share during 2019. Based on deployment type, the business plan software Market is segmented into on-premise and cloud. The cloud segment led the Market in 2019, and it is anticipated to continue its dominance during the forecast period. Based on subscription type, the business plan software Market segmented into one-time, monthly, and annual. Based on geography, the Market is broadly segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and South America. North America held the major share of the Market in 2019 and is expected to continue its dominance till 2027.
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