Award Management Software Market size is anticipated to reach USD 1.1 billion by 2028
Award Management Software Industry Overview The global award management software market size is anticipated to reach USD 1.1 billion by 2028, expanding at a CAGR of 8.2% from 2021 to 2028, according to a new study conducted by Grand View Research, Inc. The rising need among enterprises to improve the overall award process by accelerating award application review is expected to drive the growth of the market. The capabilities of award management software to automate report creation to keep the record of the award process, screen large volumes of entries, reduce the time to scrutinize, and subsequently, reduce administrative costs are expected to drive the adoption of award management software over the forecast period. Award Management Software Market Segmentation Grand View Research has segmented the global award management software market based on component, deployment, organization, end-user, and region: Based on the Component Insights, the market is seg...