Business Plan Software Market to Emerge with 7% CAGR Fueled by Improved Data Security to Prevent Data Loss by 2027
NEW YORK, USA, Feb. 8, 2022 /EINPresswire.com/ — According to our latest market research on “Business Plan Software Market to 2027 – Impact of COVID-19 and Analysis and Forecast by platform (iOS, Windows, others); Deployment type (on-premises, cloud); Subscription type (one-time, monthly, annual); and geography”, the market was valued at USD 82,730.3000 in 2019 and is expected to reach USD 1,37,871.4,000 by 2027; it is expected to grow at a CAGR of 7.0% from 2019 to 2027.
Market size value in – 82,730.3 thousand US$ in 2019
Market size value of – USD 13,7871.4 thousand by 2027
Growth rate – CAGR of 7.00% from 2020 to 2027
Forecast Period – 2020-2027
Base year – 2020
Number of pages – 169
Tables – 89
Number of graphs and figures – 79
Historical data available – Yes
Segments Covered – Platform; type of deployment; Subscription type
Regional scope – North America; Europe; Asia Pacific; Latin America; AEM
National reach – United States, United Kingdom, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
Report Coverage – Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors and Trends
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Although there are various views on the damage that COVID-19 can cause, the fact remains that COVID-19 is spreading around the world. New cases are increasing in places such as the United States, Canada, Europe, Africa, the Middle East, India, Australia, South Korea, India and Japan, among several other countries. While the impacts on various businesses are well known, the tech sector is also facing the biggest disruption in recent memory.
Impact of COVID-19 on the Business Plan Software Market
According to the World Health Organization (WHO) report, the United States, Spain, Italy, France, Germany, United Kingdom, Turkey, Iran, China and Russia are among the most affected countries due to the COVID-19 outbreak. The COVID-19 crisis is affecting industries around the world and the global economy is expected to be hit the hardest in 2020 and likely in 2021 as well. The outbreak has created significant disruption in primary industries such as consumer electronics, semiconductors, automotive and IT infrastructure. All these industries are crucial for the growth of the global business plan software market as they are the major demand-driving industries for business plan software. Factory shutdowns, travel bans, trade bans, and border closures to combat and contain the outbreak have impacted both the manufacturing and sales of various consumer electronics products and components. The global electronics and semiconductor industry is one of the major industries experiencing severe disruption due to supply chain issues and manufacturing shutdowns.
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Increase the number of start-ups
The rapid growth of global industrialization is the result of the growing number of start-ups, small and medium enterprises (SMEs) and large organizations in all sectors. The startup ecosystem is booming in the current scenario across the world and is driving the economy of all countries. New entrepreneurs seek business planning services to assess their business prospects. Considering that the majority of emerging entrepreneurs in developed countries are well aware of the benefits of software-based business planning, the demand for business plan software among companies providing business planning services is booming. This parameter positively influences the growth of the business plan software market.
Heightened awareness among new entrepreneurs in developing countries is resulting in a growth in the number of companies offering business plan software in the region; this factor is driving the business plan software market. Awareness of the benefits of business plan software in business creation is growing rapidly among entrepreneurs in developing regions. These factors provide lucrative business opportunities for players in the Business Plan Software market.
Atlas Business Solutions Inc., EnloopInc, Palo Alto Software, Planguru LLC, StratPad, Inc., Startups.com LLC, The Business Plan Shop Ltd., Tarkenton.com, Simpleplanning and Upmetrics are some of the major players operating in the business plan business software market. Several other players are also operating and generating significant revenue in the business plan software market.
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Players operating in the Business Plan Software market are focusing on strategies, such as market initiatives, acquisitions, and product launches, to maintain their positions in the Business Plan Software market. Here are some developments by key Business Plan Software market players:
In February 2019, Upmetrics Business Planner is here to help. This simplified, all-in-one platform allows clients to create personalized business plans, draft financial projections and more – and right now, a lifetime subscription is available quickly and easily for over 95% off at just $24.99.
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The Insight Partners is an industry unique research provider of actionable intelligence. We help our clients find solutions to their research needs through our syndicated research and advisory services. We specialize in industries such as Semiconductors and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Health IT, Manufacturing and Construction, Medical Devices , technology, media and telecommunications, chemicals and materials.
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