Learn more about Innovation Management Software

Innovation Management Software

The Best Innovation management software is a systematic process of promoting innovation strategies in the organization. Idea management software is like a traditional office suggestion box that organizes and manages various ideas, suggestions, experience, and knowledge sharing from employees, customers, stakeholders, clients, workers’ staff, faculty, multiple groups, citizens, and among others. The organization can make use of crowdsourcing techniques to find and carry out advancements in the business process. Best Innovation management software gathers information on products and organizing those ideas for successful implementation and development of business strategies.

Top 10 Innovation Management Software in 2021

These are Best Innovation Management Software:

  1. Planview Spigit
  2. Brightidea
  3. Qmarkets
  4. HYPE Innovation
  5. Imaginatik
  6. KPMG
  7. com
  8. SAP Innovation Management
  9. IdeaScale
  10. Crowdicity

Planview Spigit

Planview Spigit is a crowd-sourced innovation management solution. Planview Spigit innovation tool helps your organization to create a culture of innovation, drive employee and customer engagement and provide analytics-driven insights. Spigit powers innovation programs from small teams to large enterprises across all major verticals including financial services, manufacturing, healthcare, consumer products, and energy.

Brightidea

Brightidea innovation management platform engages the employees at scale and promote a culture of innovation within the company. The platform helps you to get reach at the next level of your innovation journey. It operates as a central hub to connect and manage all your innovations, collaborate ideas and measure success at every stage of its journey.

Qmarkets

Qmarkets is an enterprise-grade innovation management platform allows to engage your employees, partners, and customers, internal and external stakeholders. The tool transforms these ideas into quantifiable results using an evaluation tool. Each of its systems are configured as per customers' specific requirements and needs.

HYPE Innovation

HYPE Innovation is a full-life cycle innovation management software that allows to engage thousands of employees in idea generation and collaborative problem-solving solution method. HYPE Innovation handles idea scoring, collaboration, feedback management, project tracking and engagement monitoring. The platform brings employees, customers, and business partners together.

Imaginatik

Imaginatik idea management platform provides a collaborative innovation and enterprise crowdsourcing solutions. Its full range of award-winning Innovation Central platform and Innovation as a Service platform engages your employees, customers, and outside experts to drive growth and innovation at every level of your business.

KPMG

KPMG standardized innovation management model focused on optimization of innovation through supporting the strategic goals of the businesses. The platform is based on current operating model of enterprise. The innovation project covers establishment, development and implementation of ideas for achieving common goals of the organization.

Salesforce.com

Salesforce.com offers a robust innovation management platform that allows companies to automate collaborations with their employees, consumers, and partners for idea generation and data gathering.

SAP Innovation Management

It is a cloud-based innovation management solution software that manage ideas, promote innovation and rapidly convert it into industry-leading and value-generating results. The platform enable businesses to close the gap between data preparation and analysis so you can make more informed decisions.

IdeaScale

IdeaScale innovation management solution assist companies to connect to the ideas coming from internal sources and begin co-creating the future for better results. IdeaScale solution supports innovation for problem solving, resource planning and implementation of future projects. The tool gathers ideas, communicate in real time, and transform it to build a better future.

Crowdicity

Crowdicity Idea Management software is the most intuitive and results driven platform that helps the organization crowdsource ideas quickly and increase employee engagement. It is a cloud-based enterprise social idea management platform that harness the idea and creativity of their employees to discover new opportunities.

Market Overview

The global Innovation management software market is expected to reach USD 1,663 million by 2025, at a CAGR of 12.6%. The applications of Best Innovation management software in the Healthcare, Pharmaceuticals and Government sector is expected to grow at a CAGR of more than 12%. The main factors include the growing demand for crowdsourcing invention across industries and changing work culture and behavior in the enterprise. There is also a growing focus of enterprises on the improvement of new, innovative, and personalized products.

The global innovation management solution market by region covers North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. North America region dominates the innovation management software market. The companies’ inclination towards technological advancements and widespread adoption of new innovative technology makes the North American region a moneymaking market for innovation management software. The Cloud-based deployment of innovation management software is expected to grow at a faster rate due to less initial investment.

Ideas are collected from all areas and people in an organization including product management, R&D, administration, supply chain, distribution, sales, and marketing. The continuous ideation process enables companies of all sizes to innovate and grow with full transparency. Idea management software can easily integrate with Enterprise Feedback Management software in order to manage both internal and external recommendations. The feedbacks can request via email, web-based applications, forms, or online collaboration channels.

Using Idea management strategy within an organization, helps to shape the business structure and promote a culture of productivity and efficiency, workplace innovation, and continuous improvement. The process not only results in creating value addition to organizations but also brings a sense of engagement and responsibility among employees and customers of organizations. Idea Management system collects solicited ideas and feedbacks onto a central database and collaborate collected feedback to select and reject ideas.

Best Innovation Management Software market drivers in North America

Increasing research and development activities in US

Organizations are concentrating on the research and development part in their business process. With new innovation they aim to gain competitive advantage. Since these activities are increasing, it has become crucial to manage all the ideas shared by the employees. Idea management software takes care of these ideas, collate them, and helps management in implementing the right idea. Hence, implementation of Best Innovation management software is growing in these regions.

Growing requirement for product uniqueness

There is high level of competition between the companies for getting more profit in their business with the unique and advanced features of the product. By using best idea management software, organizations can gather ideas and innovate their product base for targeting fresh consumer segment. With growing requirement for innovative ideas, companies need to conduct numerous discussions and generate high number of ideas. For this requirement, common platform is needed which further drives market for Innovation management software.

Innovation Management Software Features

Here is the list of trending features of Best Innovation management software for transforming the business:

Crowdsourcing

Crowdsourcing is the feature that enables employees to work collaboratively by encouraging their participation in sharing ideas for getting innovative resolutions on issues company is facing. With this technique, workflow process is optimized and also increases overall productivity. The best idea management software lets users to comment, like, and even vote on ideas shared by other employees.

Instinctive Interface

The best innovation management software without proper implementation cannot be used at its fullest. Idea management system needs to be easy to use and user friendly so that employees can adapt it well and make best out of it. With the intuitive interface, employees can find the required process easily, can submit their ideas or even save them in drafts. Idea management software in which ideas are displayed well in easy format like listing of ideas, tiles pattern for ideas, tree diagram of ideas makes system more interactive and easier.

Robust workflow process

The best Innovation management software with methodical workflow process engages staffs for generating more ideas. Explaining the workflow process to them that in what ways ideas will be captured, identified, built, redefined, and selected with increase the belongingness in them.

Analytical features

The best idea management software should come with inbuilt analytical features that will help users to gain in-depth insights and will eventually help to make quick decisions. The dashboard is flexible and comes with reporting feature that helps users in recognizing the top ideas and vet them. With these analytics, users can trace the ideas and generate reports wherever needed.

Rewards and recognition

If the employees are recognized and rewarded, they feel more encouraged for submitting the ideas and stay engaged. Employees takes initiatives for submitting their ideas and it boosts their belongingness towards the organization.

Customizable idea submission

The best innovation management software comes with the flexible idea submission form based on the projects or topics. There are multiple factors in campaign on which innovative ideas are required like cost containment, business outcome, product strategy and development, and many more. With the customizable form, management team can filter the ideas for required aspect and vet them further for pilot and implementation.

Idea Campaigns

The best idea management software should come with feature of unlimited idea campaigns for the business. With the targeted campaigns companies can set up required campaign for finding solution for challenge company is facing. With such targeted campaigns companies can receive huge volume of excellent ideas.

Gamified collaboration

Gamified collaboration includes the users who are encouraged and interested in innovating and contributing towards organization’s success. The gamified collaboration provides participants with ideation points, badge, success levels, dashboard with the improvement bar and multiple such metrices that can be measured, recognized, and rewarded in the later stage.

Best Innovation Management Software Trends in North America

Working on customer experience

Organizations in North America are focusing on the customer experience part for determining the strategic way of enhancing the customer experience. Example, mobile applications and website data adds value to the customer experience. They take feedback and work on the areas of improvement for satisfying customer requirements.

External crowdsourcing

Making note of ideas and suggestions from customers is always the great way to start the innovation process. If the ideas that come from the customers are not logged, then companies may miss out on some good suggestions. Hence, it is important to have platform like best innovation management software or best idea management software for collecting these ideas and further converting them for transforming the business outcome.

Innovation management combines a range of diverse approaches

Companies also make use of external ideations by entering into cooperation with startups, organizing competitions for best ideas, and by many other means. These techniques are not conflicting. Apart from traditional innovation method, organizations also focus on exploring new opportunities in the market and implementing them at the higher rate.

Building innovation culture in the organization

Companies are focusing on building the innovation culture in the organization. The innovation culture can be implemented in companies by taking ideation competitions and then rewarding the employees. With this culture, the employees remain motivated and takes part in innovation audits and competitions.

Digitization of innovation management

In todays era, every system is going on cloud. The best innovation management software is implemented on cloud by making the innovation process digital. With the digital on-cloud process, employees can share their ideas as per their convenience and without restricting themselves in particular time or place.

COMPETITIVE LEADERSHIP MAPPING TERMINOLOGY

The competitive leadership mapping showcased provides information for best Innovation Management Software. Vendor evaluations are based on two categories - product offerings and business strategy. The vendors have been evaluated based on various criteria that each category carries. The evaluation criteria studied under product offerings include the breadth of offering, product delivery (on the basis of industries that vendors provide, deployment models and subscriptions), features and functionality, product quality and reliability, and product differentiation. The evaluation criteria considered under business strategy include geographic reach (on the basis of geographic presence), industry coverage (on the basis of end users that the vendors cater to), and effectiveness of growth (based on partnerships, collaborations, and acquisitions).

VISIONARY LEADERS

The leading players operating in the Best Innovation management software market include Brightidea, Inc., HYPE Innovation Inc., Imaginatik plc, Planbox, Inc., Qmarkets, and Spigit, Inc. These leading players have been recognized as visionary leaders.

DYNAMIC DIFFERENTIATORS

Salesforce.com, Inc., innosabi GmbH, KPMG, and SAP SE have been recognized as dynamic players in the innovation management market.

INNOVATORS

CogniStreamer, Crowdicity Ltd., E-Zassi LLC, IdeaScale, and InnovationCast have been considered as innovators in the innovation management market. These companies have an innovative portfolio of innovation management solutions and services.

EMERGING COMPANIES

The emerging players in the innovation management market include Exago, Inno360, Inc., InnoCentive, Inc., and Nosco.

Best Innovation Management Software

Comparing 34 vendors in Innovation Management Software across 92 criteria.
5 Experts are advising 53 buyers
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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.
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Idea Box Brightidea Innovation Management Software is the Best Innovation management software in North America. Idea Box acts as the central hub for connecting and managing different innovative initiatives, crowdsources and collaborates on ideas while measuring the success at each stage. Brightidea Innovation Management Software offers the on-cloud idea management software which is highly implemented by mid-sized companies and enterprises. With large customer base and outstanding features Brightidea Idea Box is ruling the market as Best Innovation management software in North America. Brightidea pricing is not disclosed by the vendor but can be availed by contacting the vendor directly.

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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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The need for Innovation Management Software is increasing globally for large scale and small scale organizations. HYVE SOLUTIONS is offering the Innovation Management software at the price of other project management software. The features are the same as that of project management software, but the security level with Innovation Management Software is high that protects the IP and other corporate inventions. Different types of deployments are initiated by the vendors to develop the ideas and strategies using the software.
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InnoCentive offers the premium challenge program, custom challenge program, and [email protected] 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.
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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.
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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.
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Today, many small-scale and large-scale business organizations are thriving for a better innovative edge for better growth standards of their organization. Innovation Management Software by 100%Open is the crucial element that allows an organization to register and implement the innovative ideas directly from the clients or inside employees. Under Innovation Management software, every new design will be recorded and tracked on for proper execution that might add to the profit count of the organization.

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Accept Mission is one of the leading Innovation Management Software, that enables organizations to become successful with innovation and powerful tools. It is best for medium to large enterprises operating in different industries, seeking to boost innovation with smart use of idea management and innovation management software.
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Aevo Innovate offers innovative solutions which enables companies in managing business innovations, project and their industrial process. The company improves organizational efficiency by integrating data on their operations and maintenance. The software is scalable and can be customized as per the business model by simplifying the exchange of learning.

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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.
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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.
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84 Buyers Interested
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64 Buyers Interested
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63 Buyers Interested
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