At 13.1% CAGR, the North America Grant Management Software Market is projected to be worth US$ 1,480.43 Million by 2028, says Business Market Insights

According to Business Market Insights’ research, the North America grant management software market was valued at US$ 799.56 million in 2023 and is expected to reach US$ 1,480.43 million by 2028, registering a CAGR of 13.1% from 2023 to 2028. Increasing number of grants and increasing adoption of cloud-based solutions are the critical factors attributed to the North America grant management software market expansion.   

The cloud solution is delivered in an all-in-one package comprising complete control and predictability of expenses, including uptime, hosting, software licensing, support, maintenance, software patches, and bug fixes. Based on customization, the cloud-based solutions can be deployed in a few days or might take a few weeks. The clients can access the cloud-based software using existing devices such as tablets or smartphones. The cloud-based solution eliminates the need to develop secure remote connections, such as virtual private networks regulating the speed. Thus, the solution's low-cost deployment and maintenance significantly drive the grand management software market in developed and developing countries. Seabrooks provides an easy-to-use cloud-based community impact grant management system. PyanGo offers software for educational institutions and nonprofits, fully integrated with the Oracle NetSuite cloud platform.

Cloud-based solutions offer several advantages over traditional on-premises deployments. Cloud-based grant management software can easily accommodate growing and changing needs of an organization without requiring an expensive hardware upgrade and infrastructure and IT support. Cloud-based solutions are more cost-efficient than on-premises solutions as they do not require large upfront investments. As increasing adoption of cloud-based solutions has many advantages and in deploying consistently, and this propels growth of grant management software market.

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

Based on component, the North America grant management software market is categorized on as software and services. The software segment held 82.7% market share in 2023, amassing US$ 661.33 million. It is projected to garner US$ 1,234.55 million by 2028 to expand at 13.3% CAGR during 2023–2028.

Based on deployment type, the North America grant management software market by has been segmented into cloud and on-premises. The cloud segment held 86.1% market share in 2023, amassing US$ 688.43 million. It is projected to garner US$ 1,300.07 million by 2028 to expand at 13.6% CAGR during 2023–2028.

Based on organization size, the North America grant management software market by is bifurcated into large enterprise and small and medium enterprises (SMEs). The large enterprises segment held 65.7% market share in 2023, amassing US$ 524.98 million. It is projected to garner US$ 952.34 million by 2028 to expand at 12.6% CAGR during 2023–2028.

Based on end user, the North America grant management software market is segmented into educational institutes, governments, BFSI, nonprofit organizations, and others. The government segment held 65.7% market share in 2023, amassing US$ 242.89 million. It is projected to garner US$ 458.51 million by 2028 to expand at 13.6% CAGR during 2023–2028. 

Based on country, the North America grant management software market is segmented into the US, Canada, and Mexico. Our regional analysis states that the US captured 84.8% market share in 2023. It was assessed at US$ 678.16 million in 2023 and is likely to hit US$ 1265.75 million by 2028, exhibiting a CAGR of 13.3% during the forecast period.  

Key players dominating the North America grant management software market are StreamLink Software Inc; CyberGrants LLC; Fluxx Labs Inc; Oracle Corp; Salesforce Inc; Sage Group Plc; Submittable Holdings Inc; Momentive Global Inc; WizeHive, Inc.; and Workday Inc, among others.

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