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Portland, OR , Sept. 30, 2022 (GLOBE NEWSWIRE) — As per the report published by Allied Market Research, the global proposal management software market generated $1.8 billion in 2021, and is expected to reach $7 billion by 2031, registering a CAGR of 14.8% from 2022 to 2031. The report provides an in-depth analysis of top segments, changing market trends, value chain, key investment pockets, competitive scenarios, and regional landscapes. The report is an essential and helpful source of information for leading market players, investors, new entrants, and stakeholders in formulating new strategies for the future and taking steps to strengthen their position in the market.
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Report coverage & details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $1.8 billion |
| Market Size in 2031 | $7 billion |
| CAGR | 14.8% |
| No. of Pages in Report | 320 |
| Segments Covered | Component, Deployment, Enterprise Size, and Region |
| Drivers | Integration with existing tools and customization |
| Rise of cloud-based proposal management software | |
| Opportunities | Adoption of advanced and effective proposal tools |
| Restrains | Lack of privacy and security |
Covid-19 scenario:
- The Covid-19 pandemic severely impacted the market due to increase in number of smartphone users, high adoption of connected devices, and rise in the e-commerce sector. The Covid-19 pandemic created economic challenges and disrupted the supply chain.
- The shutdown of various plants and factors negatively affected the supply chain and manufacturing, delivery schedules, and sales of products.
- Digital and artificial intelligence industry gained popularity to manage and control the outbreak.
The report segments the global proposal management software market on the basis of component, deployment, enterprise size, and region.
Based on component, the service segment is expected to portray…
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