At 15.3% CAGR, the Asia Pacific Grant Management Software Market is projected to be worth US$ 755.55 Million by 2028, says Business Market Insights

According to Business Market Insights’ research, the Asia Pacific grant management software market was valued at US$ 371.21 million in 2023 and is expected to reach US$ 755.55 million by 2028, registering a CAGR of 15.3% from 2023 to 2028. Emergence of AI and increasing adoption of cloud-based solutions are the critical factors attributed to the Asia Pacific grant management software market expansion.

Artificial intelligence (AI) is vital to any foundation or nonprofit organization. The ability of AI to provide quick Artificial intelligence (AI)-based grant management software is vital in any foundation or nonprofit organization. AI can provide quick mathematical calculations to increase the of human intelligence. AI-based software can manage high-volume data efficiently and outlines forecasts and risks more effortlessly, even with a less skilled workforce. Several grant management software providers are integrating their existing solutions with AI techniques to improve analytical abilities of the software. AI algorithms can be used to automatically score grant applications based on specific criteria. This can save time for the grant administration and ensure a fair and objective evaluation process. AI can be used to analyze past grant applications and outcomes to predict which applications are most likely to be successful. As expectations of end users regarding analytics and forecasting capabilities increase, the integration of existing grant management software with AI is expected to drive the growth of the grant management software market in the coming years.    

On the contrary, high-security concerns and high complexity and cost of integration hurdles the growth of Asia Pacific grant management software market.

Based on component, the Asia Pacific grant management software market is categorized on as software and services. The software segment held 85.8% market share in 2023, amassing US$ 318.47 million. It is projected to garner US$ 652.31 million by 2028 to expand at 15.4% CAGR during 2023–2028.

Based on deployment type, the Asia Pacific grant management software market by has been segmented into cloud and on-premises. The cloud segment held 83.9% market share in 2023, amassing US$ 311.40 million. It is projected to garner US$ 648.98 million by 2028 to expand at 15.8% CAGR during 2023–2028.

Based on organization size, the Asia Pacific grant management software market by is bifurcated into large enterprise and small and medium enterprises (SMEs). The large enterprises segment held 70.1% market share in 2023, amassing US$ 260.13 million. It is projected to garner US$ 518.69 million by 2028 to expand at 14.8% CAGR during 2023–2028.

Based on end user, the Asia Pacific grant management software market is segmented into educational institutes, governments, BFSI, nonprofit organizations, and others. The government segment held 32.0% market share in 2023, amassing US$ 118.78 million. It is projected to garner US$ 245.93 million by 2028 to expand at 15.7% CAGR during 2023–2028. 

Based on country, the Asia Pacific grant management software market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 31.8% market share in 2023. It was assessed at US$ 118.19 million in 2023 and is likely to hit US$ 262.68 million by 2028, exhibiting a CAGR of 17.3% during the forecast period.  

Key players dominating the Asia Pacific grant management software market are Oracle Corp; Salesforce Inc; Sage Group Plc; Momentive Global Inc; and Workday Inc, among others.

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