Innovation management refers to a systematic process of promoting innovation strategies in organizations to plan, organize, manage, and control various ideas for internal co-innovation and open innovation from social media networks and communities. These innovation strategies help in shaping structure and business processes of organizations by the successful implementation of new ideas that are formulated as innovations. Innovation management solutions majorly focus on adding value to customers, employees, citizens, students, and faculty, among others. The innovative ideas, experience, and knowledge sharing not only results in value addition to organizations but also brings a sense of engagement among employees and customers of organizations, thereby promoting a culture of efficiency, workplace innovation, and continuous improvement. In addition, organizations make use of crowdsourcing techniques to share, collaborate, evaluate, prioritize, find, and carry out advancements in the innovation management solutions.

COMPETITIVE LEADERSHIP MAPPING TERMINOLOGY

Vendor DIVE provides information about the major vendors of innovation management solutions and outlines the findings and analysis on how well each market vendor performs within our criteria. The vendor evaluations are based on two broad categories — product offerings and business strategies. Each category carries different criteria, based on which the vendors are evaluated. The evaluation criteria considered under product offerings include the breadth of offering, delivery (on the basis of industries that the vendors cater to, deployment models, and subscriptions), and support (on the basis of pre- and post-sale support services). The evaluation criteria considered under business strategies include reach (on the basis of geographic presence), industry coverage (on the basis of end users that the vendors cater to), and inorganic growth (on the basis of partnerships, collaborations, and acquisitions).

VISIONARY LEADERS

Brightidea, Inc., HYPE Innovation Inc., Imaginatik plc, Planbox, Inc., Qmarkets, and Spigit, Inc. are some of the leading players operating in the innovation management market and have been recognized as visionary leaders. They have a strong portfolio of services and solutions that offer innovation management solutions and associated services. These vendors have been marking their presence in the innovation management market by offering highly customized and easily deployable software for commercial clients, coupled with their robust business strategies to achieve continued growth in the innovation management market.

INNOVATORS

CogniStreamer, Crowdicity Ltd., E-Zassi LLC, IdeaScale, and InnovationCast have been recognized as innovators in the innovation management market. They have an innovative portfolio of innovation management services and a strong potential to build strong business strategies for their business growth. These vendors have been consistently providing their customers with new innovation management solutions for their customized demands. Innovators have been forefront in deploying their solutions for catering to the niche and customized requests of clients that require processing of high-performance workloads.

DYNAMIC Differentiators

innosabi GmbH, KPMG, Salesforce.com, Inc., and SAP SE have been recognized as dynamic in the innovation management market. They have an innovative portfolio of solutions and services. They also have an extensive network of channel partners and resellers to increase deployment of their services across a multitude of vertical markets. Over the years, the dynamic vendors have been consistently generating positive in the innovation management market and their market position is fueled by the organic and inorganic ventures undertaken by them.

EMERGING COMPANIES

Exago, Inno360, Inc., InnoCentive, Inc., and Nosco have been recognized as the emerging players in the innovation management market. The emerging players specialize in offering highly niche and tailor-made solutions and services to their clients. The majority of the emerging vendors in the innovation management market have been undertaking acquisitions to increase their sales capabilities across regions to offer their integrated services to a wide range of clients.

TOP VENDORS
In Innovation Management Software

  1. ANAQUA INC
    0 Reviews
    3.1
  2. SPIGIT
    0 Reviews
    3.1
  3. BRIGHTIDEA
    0 Reviews
    3.1

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Innovation Management Software Quadrant

Comparing [object Object] vendors in Innovation Management Software across 92 criteria.
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KEY BUYING CRITERIA

Below criteria are most commonly used for comparing Innovation Management Software tools.
Product Maturity
Company Maturity
Most IMPORTANT
0.0
0.0
0.0
Breadth and Depth of Product Offerings
4.10
4.00
4.10
Product Pipeline
4.45
1.70
3.60
Product Features and Functionality
2.80
2.15
2.15
Delivery
3.75
3.30
3.80
LEAST IMPORTANT LESS IMPORTANT

TOP VENDORS

  • BUYERS
    VENDORS
    EXPERTS
    3.1
    ANALYSTS
     
    • Enterprise
    • Founded: 2017
    • 501 to 1,000
  • Spigit, Inc. has a comprehensive product portfolio for enterprises and offers high-quality innovation management technologies to its customers. The company provides the Spigit innovation management platform, which is an easy to manage and configure solution that supports the growth of various programs and ensures their scalability at the enterprise level. This platform does not require additional team resourcing and develops solutions based on different ideas with the greatest business values through defined stages of organizations.

    BUYERS
    VENDORS
    EXPERTS
    3.1
    ANALYSTS
     
    • Startup
    • San Francisco, California, US
    • Founded: 1998
    • $11MN to $50MN
    • 51 to 100
  • Brightidea Incorporated provides the Brightidea innovation platform that acts as a central hub to connect and manage different innovative initiatives, crowdsource them, and collaborate with them. The Brightidea platform is designed to run any innovative initiative with the help of innovative apps, including Brightidea Discuss, Brightidea Solve, Brightidea Hack, Brightidea Incubate, Brightidea Pitch, Brightidea Monitor, Brightidea Understand, and Brightidea Suggest.

    BUYERS
    VENDORS
    EXPERTS
    3.1
    ANALYSTS
     
    • Enterprise
    • 501 to 1,000
  • Qmarkets offers idea and innovation management software editions. It also offers Q-360, which is a comprehensive crowdsourcing and innovation management solution. The idea and innovation management software editions of the company offer Q-max, to enable clients to launch, manage, and monitor multi-stage processes, while ensuring that all these functions are involved in the innovation management process to achieve goals set by an organization. It also provides Q-flex and Q-start to discover new streams of innovative ideas by engaging the entire company or specific departments in a process to raise and identify new practical solutions for different business challenges.

    BUYERS
    VENDORS
    EXPERTS
    2.9
    ANALYSTS
     
    • Enterprise
    • 501 to 1,000
  • Planbox, Inc. is one of the prominent players in the innovation management market, and primarily aims to provide its customers with new technologies that cater to their specific needs. The cloud-based innovation management software platform offered by the company helps various organizations to seek ideas from their employees, customers, suppliers, and partners, and has a wide range of tools, such as content and event management, engagement, collaboration, platform, and analytics.

    BUYERS
    VENDORS
    EXPERTS
    2.9
    ANALYSTS
     
    • Enterprise
    • 501 to 1,000
  • HYPE Innovation, Inc. provides software and services that enable companies to manage innovations. The HYPE platform offered by the company for innovation management provides three major products - HYPE GO!, HYPE Enterprise, and HYPE Improve. HYPE GO! helps different organizations in launching ideation campaigns, thereby initiating the idea gathering process. HYPE Enterprise manages the innovation process from start to finish. HYPE Improve is designed specifically for ensuring cost-effectiveness and efficiency of innovative management programs initiated by different companies. The company offers HYPE Trends in partnership with TRENDONE to deliver complete innovation management solutions to clients.

    BUYERS
    VENDORS
    EXPERTS
    2.8
    ANALYSTS
     
    • Startup
    • Bonn, Germany
    • Founded: 2001
    • $11MN to $50MN
    • 501 to 1,000
  • Imaginatik plc provides a full-service innovation offering, which caters to the requirements of three main sectors of the innovation industry - innovation advisory consulting, innovation capability building, and innovation software platforms. The company provides a mix of innovation capabilities through its advisories, software, and analytics expertise. It offers Innovation Central, a platform that helps in collecting ideas, incubating concepts, and allocating resources for different innovation projects.

    BUYERS
    VENDORS
    EXPERTS
    2.7
    ANALYSTS
     
    • Enterprise
    • 501 to 1,000
  • The innovation management model offered by KPMG boosts business processes and procedures of the client companies. The steps of the innovation procedure include innovation diagnosis, innovation strategies, and implementation of innovation management. Innovation diagnosis focuses on review and analysis of innovation sourcing models.

    BUYERS
    VENDORS
    EXPERTS
    2.7
    ANALYSTS
     
    • Enterprise
    • 501 to 1,000
  • Salesforce.com has a comprehensive CRM product portfolio and offers a robust innovation management platform, which allows industries to automate collaborations with their employees, partners, and consumers for idea generation and insight gathering.

    BUYERS
    VENDORS
    EXPERTS
    2.7
    ANALYSTS
     
    • Enterprise
    • California, US
    • Founded: 1999
    • $5BN to $10BN
    • 20,001 to 25,000
  • SAP SE provides SAP innovation management, which is an enterprise-grade ideation platform powered by SAP HANA that enables organizations to turn ideas into innovations. SAP innovation management can be deployed on SAP HANA, either in the cloud or on-premise as stand-alone (without ERP). It effectively carries out innovation processes in the organizations, thereby enabling them to overcome organizational problems and identify solutions for problems quickly.

    BUYERS
    VENDORS
    EXPERTS
    2.7
    ANALYSTS
     
    • Enterprise
    • Walldorf, Germany
    • Founded: 1972
    • 501 to 1,000
  • IdeaScale offers an innovation management platform for small businesses, governments, financial enterprises, healthcare organizations, and technology companies, which enables them to connect with their employees and customers to gather ideas to improve their decision-making, enhance their productivity, and identify new business strategies for their clients. The company also offers the IdeaBuzz platform to address challenges faced by its customers with the help of a curated group of innovators.

    BUYERS
    VENDORS
    EXPERTS
    2.6
    ANALYSTS
     
    • Startup
    • Berkeley, California, US
    • Founded: 2009
    • Below $10 MN
    • 501 to 1,000
  • Crowdicity Ltd. offers idea storms, inspiring ideas, and innovation state manager, which is a full package of features designed to help organizations innovate, communicate, manage, and improve different ideas. Idea storms help organizations in dealing with specific challenges and launching open challenges, thereby inviting opinions from people about those ideas.

    BUYERS
    VENDORS
    EXPERTS
    2.6
    ANALYSTS
     
    • Enterprise
    • 501 to 1,000
  • CogniStreamer pursues optimized innovation programs for different types of innovations and offers program templates for designing and engineering, innovation exploration, and innovation market validation. The company provides various solutions, namely, ideation and idea enrichment, crowdsourcing of new products or services, knowledge management, and ideation and early patent research.

    BUYERS
    VENDORS
    EXPERTS
    2.5
    ANALYSTS
     
    • Enterprise
    • Kortrijk, West Flanders, Belgium
    • Founded: 2000
    • 51 to 100
  • The company offers an idea and open innovation management solution to its customers. It is a cloudbased platform, which allows customers to operationalize open innovation initiatives and accelerates decision-making with high-powered analytics involving unique and optional components to launch various innovation challenges, resulting in the reduction of the inherent intellectual property risks.

    BUYERS
    VENDORS
    EXPERTS
    2.5
    ANALYSTS
     
    • Startup
    • Ponte Vedra Beach, Florida, US
    • Founded: 2004
    • Below $10 MN
    • 51 to 100
  • Innosabi GmbH is one of the leading providers of digital infrastructure for innovations, and offers innosabi Crowd innovation software for its innovation management customers. innosabi Crowd innovation software is a SaaS platform that enables collaborations between employees, partners, and customers to create large innovation networks. It uses intelligent software to connect authorized people, detect innovative ideas, and identify valuable capabilities of its customers.

    BUYERS
    VENDORS
    EXPERTS
    2.5
    ANALYSTS
     
    • Enterprise
    • 501 to 1,000
  • InnovationCast has a strong portfolio pertaining to innovation management software and services, and its main focus is on implementing superior technology solutions to enable customers to gain quick and easy insights from their everyday businesses. The innovation management software suite comprises various products, such as challenges and idea management, innovation radar, engagement and recognition, innovation analytics, innovation opportunities, and innovation projects. The challenges and idea management product offers new ideas for enterprise management to solve pressing issues and explore emerging business opportunities. The innovation radar detects and makes sense of weak signals, and also maps growth avenues of various organizations.

    BUYERS
    VENDORS
    EXPERTS
    2.4
    ANALYSTS
     
    • Enterprise
    • 501 to 1,000
  • BUYERS
    VENDORS
    EXPERTS
    2.3
    ANALYSTS
     
    • Enterprise
    • Founded: 2017
    • 501 to 1,000
  • BUYERS
    VENDORS
    EXPERTS
    2.2
    ANALYSTS
     
    • Enterprise
    • Founded: 2017
    • 501 to 1,000
  • Inno360, Inc. is a rapidly growing vendor of innovation management technologies with ample opportunities to extend its horizons, in terms of new and innovative services. The company’s award-winning inno360 platform is designed to help enterprises in achieving their business goals by developing creative solutions. The key tools of inno360 SaaS platform are find, analyze, share, and connect. The find tool of this platform allows enterprises to search networks in real-time, thereby providing quick search results.

    BUYERS
    VENDORS
    EXPERTS
    2.0
    ANALYSTS
     
    • Enterprise
    • 501 to 1,000
  • BUYERS
    VENDORS
    EXPERTS
    1.7
    ANALYSTS
     
    • Enterprise
    • Founded: 2017
    • 501 to 1,000
  • InnoCentive offers the premium challenge program, custom challenge program, and InnoCentive@Work solution for its innovation management customers. The premium challenge program provides the most innovative and cost-effective solutions to customers for their pressing business, scientific, and technical problems through a network of problem solvers. The custom challenge program enables customers to develop challenge programs and participate in innovation competitions to solve various business-related problems through breakthrough innovations.

    BUYERS
    VENDORS
    EXPERTS
    1.7
    ANALYSTS
     
    • Enterprise
    • 501 to 1,000
  • The company aims to help customers in developing and implementing processes and tools for innovation and idea management. It offers innovation management platform to enterprise business clients. It is a social platform with real-time analytics for creating and sharing ideas and intuitive and simple workflows. It enables enterprises to effectively manage thousands of ideas and people.

    BUYERS
    VENDORS
    EXPERTS
    1.6
    ANALYSTS
     
    • Enterprise
    • Gurnee, Illinois, US
    • Founded: 1932
    • 501 to 1,000
  • BUYERS
    VENDORS
    EXPERTS
    1.6
    ANALYSTS
     
    • Enterprise
    • Founded: 2017
    • 501 to 1,000
  • Exago assists organizations in making enriched strategic and tactical decisions. The innovation management software offered by the company allows enterprises to effectively tap the collective intelligence for achieving improved and long-lasting results, and it can easily be deployed by organizations with the help of system integration services. The open innovation software offered by the company allows access to new sources of innovations to deliver improved and quick results and strengthen brand image of the organizations.

    BUYERS
    VENDORS
    EXPERTS
    1.6
    ANALYSTS
     
    • Startup
    • Connecticut, US
    • Founded: 2006
    • Below $10 MN
    • 51 to 100
  • BUYERS
    VENDORS
    EXPERTS
    1.2
    ANALYSTS
     
    • Enterprise
    • Founded: 2017
    • 501 to 1,000
  • BUYERS
    VENDORS
    EXPERTS
    ANALYSTS
     
    • Startup
    • California, US
    • Founded: 2013
    • Below $10 MN
    • 101 to 500
  • BUYERS
    VENDORS
    EXPERTS
    ANALYSTS
     
    • Startup
    • California, US
    • Founded: 2005
    • $11MN to $50MN
    • 51 to 100
  • BUYERS
    VENDORS
    EXPERTS
    ANALYSTS
     
    • Startup
    • Illinois, US
    • Founded: 2013
    • Below $10 MN
    • 101 to 500
  • BUYERS
    VENDORS
    EXPERTS
    ANALYSTS
     
    • Startup
    • California, US
    • Founded: 2013
    • Below $10 MN
    • 101 to 500
  • BUYERS
    VENDORS
    EXPERTS
    ANALYSTS
     
    • Startup
    • California, US
    • Founded: 2012
    • $11MN to $50MN
    • 501 to 1,000
  • BUYERS
    VENDORS
    EXPERTS
    ANALYSTS
     
    • Startup
    • New York, US
    • Founded: 2004
    • Below $10 MN
    • 501 to 1,000
  • BUYERS
    VENDORS
    EXPERTS
    ANALYSTS
     
    • Enterprise
    • California, US
    • Founded: 1979
    • $1BN to $5BN
    • 10,001 to 15,000

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