At 14.1% CAGR, the Europe Grant Management Software Market is projected to be worth US$ 947.63 Million by 2028, says Business Market Insights

According to Business Market Insights’ research, the Europe grant management software market was valued at US$ 489.27 million in 2023 and is expected to reach US$ 947.63 million by 2028, registering a CAGR of 14.1% from 2023 to 2028. Increasing number of grants and increasing adoption of cloud-based solutions are the critical factors attributed to the Europe grant management software market expansion.   

Several companies in developing countries offer customized software for grantors and grant recipients to ease down the process of granting. Implementing machine learning (ML), analytics, and other advanced technologies enables data-driven decisions to help return on grant investments. Over years, the grant management market reported new developments with an increasing number of grant funding.   

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

Based on component, the Europe grant management software market is categorized on as software and services. The software segment held 84.0% market share in 2023, amassing US$ 411.06 million. It is projected to garner US$ 802.06 million by 2028 to expand at 14.3% CAGR during 2023–2028.

Based on deployment type, the Europe grant management software market by has been segmented into cloud and on-premises. The cloud segment held 85.1% market share in 2023, amassing US$ 416.39 million. It is projected to garner US$ 823.72 million by 2028 to expand at 14.6% CAGR during 2023–2028.

Based on organization size, the Europe grant management software market by is bifurcated into large enterprise and small and medium enterprises (SMEs). The large enterprises segment held 66.4% market share in 2023, amassing US$ 324.83 million. It is projected to garner US$ 615.55 million by 2028 to expand at 13.6% CAGR during 2023–2028.

Based on end user, the Europe grant management software market is segmented into educational institutes, governments, BFSI, nonprofit organizations, and others. The government segment held 34.4% market share in 2023, amassing US$ 168.14 million. It is projected to garner US$ 330.62 million by 2028 to expand at 14.5% CAGR during 2023–2028. 

Based on country, the Europe grant management software market is segmented into Germany, the UK, France, Italy, Russia, Netherlands, and the Rest of Europe. Our regional analysis states that Germany captured 36.2% market share in 2023. It was assessed at US$ 177.15 million in 2023 and is likely to hit US$ 360.62 million by 2028, exhibiting a CAGR of 15.2% during the forecast period.  

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

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