Product Launch Software Market

Product Launch Software Market Outlook (2022-2032)

The global product launch software market has reached a valuation of US$ 1.47 billion in 2022 and is expected to move forward rapidly at a CAGR of 11.2% to reach a market size of US$ 4.22 billion by 2032.

Sales of product launch software accounted for around 1% share of the global software market at the end of 2021.

Report Attributes	Details
Product Launch Software Market Size (2021A)	US$ 1.34 Billion
Estimated Market Value (2022E)	US$ 1.47 Billion
Forecasted Market Value (2032F)	US$ 4.22 Billion
Global Market Growth Rate (2022-2032)	11.2% CAGR
North America Market Share (2021)	~35.4%
North America Market Growth Rate (2022-2032)	~12.3% CAGR
China Market Growth Rate (2022-2032)	~10.1% CAGR
Market Share of Top 5 Companies	~20.1%
Key Companies Profiled	Anaplan, Inc. BioStrata Winshuttle, LLC. Ennov Viral loops Atlassian Wrike Inc. BrainKraft LLC Arena Solutions Synoptek LLC Relytree Technologies Private Limited & Relytree Inc. IQVIS Qadex Movere LiveSource, Ltd.

Deployment Analysis of Product Launch Software (2017-2021) Vs. Market Predictions (2022-2032)

Product launch software is adopted for improving product lifecycle management activities. Product launch software is a digital tool that helps companies automate and streamline all their processes related to product launches. Additionally, product launch software enables product development teams to streamline product lifecycle management activities.

Product launch software enables distributed teams to strategically team up with partners and customers using up-to-date, accurate product information. Such software is the foundation of the digital threads for any company to ensure agility and business continuity in the supply chain.

Data related to product governance and traceability capabilities help organizations reduce costs, speed time to market, and ensure the highest standards of quality & compliance. Software is constantly being pushed to new standards to help companies overcome pricing and supply chain challenges and deliver the highest possible product quality. For instance, when raw material prices rise, there is less place for scrap or defective items.

• Short Term (2022 Q2 to 2025): Surging software demand in end-user sectors will positively impact product launch software market growth.
• Medium Term (2025-2028): North America and Europe will witness comparatively high product launch software demand due to increased penetration of marketing campaigns.
• Long Term (2028-2032): Integration of advanced technologies such as 5G & 6G and Al to open new opportunities for product launch software service providers.

Between 2017 and 2021, demand for product launch software increased at a CAGR of 8.4%. Fact.MR, a market research and competitive intelligence provider, reveals that the industry will surge ahead at 11.2% CAGR between 2022 and 2032.

Market share analysis of product launch software based on end user and region. Under the end user segment, the retail & consumer goods sector dominates with 22.3% market share.

Why is Demand for Product Launch Software Increasing across the World?

“Product Launch Software Propelling Efficiency of Sales & Marketing Teams”

Aligning sales and marketing is essential to make a business stand out. Whether getting to users through marketing, the sales team is essential for handling customer feedback, shortening the sales cycle, closing deals, and creating offers for customers.

A system that tracks new customers and guides them through site visits, assembly, deployment, and configuration is essential. Keeping data in a system-wide dashboard helps in the efficient management and maintenance of the network, and to this, product launch software act as a boon for companies.

Companies using automated software-based sales and marketing strategies have achieved 63% more sales than their traditional competitors. Product launch software helps understand the target market and competitors, prepare sales strategies and support inventory, and develop measurable go-to-market metrics.

Advanced product launch software will act as a driver for end-use market players to increase their product penetration.

What is Negatively Impacting Product Launch Software Companies?

“High Cost of Software Deployment & Maintenance”

The cost of software development services is one-time only. However, there have been instances where the cost of software maintenance reached 90% of the total cost of the product's development. The software requires ongoing maintenance and support since it is complex and sophisticated. This troubleshooting is frequently drawn-out and complicated. Fixing bugs requires regular software maintenance.

The most important part of the service is fixing errors or bugs since product launch software must work smoothly. Thus, reduction in the cost of maintenance should be the priority of market players to gain increased customers. This process involves finding and fixing bugs in the software code. Effective software testing and data analysis will help market players reduce overall software deployment and maintenance costs.

Country-wise Insights

How is Increasing Use of Retail & Consumer Goods Driving Product Launch Software Demand in the U.S.?

Google Cloud platforms help consumer goods companies digitally transform product distribution and customer engagement to combat problems such as unprofitable promotions and eroding market share. Using artificial intelligence, a company can recommend product launches and predict which orders retailers can place with promotions and prices, based on factors such as location and product category.

The global market for consumer goods apps is expected to reach US$ 15 billion by 2024 with the United States accounting for a significant share. Overall, the United States product launch software market is expected to reach US$ 1.48 billion by 2032.

Will the Germany Product Launch Software Market Benefit from the Thriving Auto Industry?

Many automotive companies leverage base code from software stacks from other industries, including operating systems and critical middleware. As a result, writing original code is much more difficult, but greatly reduces development time and costs. Product launch software manufacturers are exploring its application across numerous industries, including the automotive sector.

In Germany, demand for product software is high as automotive giants such as Mercedes Benz, BMW, and others use product launch platforms for launching their products. Product launch software enables users to cover a wide catchment area and reach potential customers to enhance their automotive sales.

This factor will enable the growth of the German product launch software market, which is predicted to provide an absolute dollar opportunity of US$ 136.5 million by 2032.

Category-wise Insights

What’s Driving Market Attention towards Cloud Deployment Models?

One of the benefits of using cloud computing services is that companies can avoid the upfront costs and complexities of owning and maintaining their infrastructure. Providers of cloud computing services, on the other hand, can benefit from greater economies of scale by offering the same services to a wider range of customers.

Thus, several market players are shifting towards the cloud deployment of product launch software. Owing to this, the cloud deployment segment is gaining wide acceptance and is expected to increase by 778 BPS over the decade.

Cloud computing supports a wide variety of services, not only for service providers but also for end users. Cloud computing is becoming the inbuilt option for many software. As software vendors seek to move to a subscription model, they are increasingly offering applications as services over the Internet.

The cloud model of product launch software is predicted to expand 3.7X by the end of 2032.

How is the Electronic & Electrical Sector Embracing Product Launch Software?

As per this Fact.MR study, demand for Internet services is increasing at roughly 40% per year. From basic consumer goods such as temperature controllers to sophisticated medical devices such as IV pumps, products that involve electronic components must have these components planned and integrated across the entire product. To increase the penetration of electronic & electrical devices hitherto untouched regions, product launch software comes to the fore.

The electronics & electrical segment is expected to generate an absolute dollar opportunity of US$ 430.8 million over the decade.

Competitive Landscape

Prominent product launch software market players are Anaplan Inc., BioStrata, Winshuttle LLC., Ennov, Viral loops, Atlassian, Wrike Inc., BrainKraft LLC, Arena Solutions, Synoptek LLC, Relytree Technologies Private Limited & Relytree Inc., IQVIS, Qadex, Movere, and LiveSource Ltd.

A significant bottleneck in the development of competitive software models is caused by the expensive deployment and maintenance of product launch software. Big international players have joined the cloud computing model and key market players are working on introducing advanced software to the market. To make way for higher volume production, there is also a growing need to develop AI and smart 5G networking models in the market.

The clear market trend is towards product launch software designs that incorporate more advanced levels of cutting-edge technology. Product launch software providers are adapting to address this challenge by creating scalable and standardized solutions from customized software. Overall, this will boost the relative profit margins of product launch software suppliers.

Fact.MR has provided detailed information about the price points of key companies providing product launch software positioned across regions, sales growth, and speculative technological expansion, in the recently published report.

Segmentation of Product Launch Software Industry Research

• By Application :

  • Marketing Campaigns
  • Marketing Automation
  • Referral Tracking Tools
  • Real-time Reporting
  • Landing Pages & Website Forms
  • Data Analytics & Insights
  • Task Management
  • Others

• By Deployment :

  • On-premise
  • Cloud

• By Enterprise Size :

  • Small Enterprises (Up to 50 Emp.)
  • Medium Enterprises (51-250 Emp.)
  • Large Enterprises (251-1000 Emp.)
  • Very Large Enterprises (Above 1000 Emp.)

• By End User :

  • IT & Telecom
  • Retail & Consumer Goods
  • Fashion & Beauty
  • Electronics & Electrical
  • Automotive
  • Chemicals & Petrochemicals
  • Food & Beverages
  • Healthcare & Life science
  • Others

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East & Africa