An international Grant Management Software market analysis report brings into focus the key market dynamics of the sector. A range of definitions and classification of the ICT industry, applications of the ICT industry and chain structure are given in the report. This market report offers an in-depth overview of product specification, technology, product type and production analysis considering major factors such as revenue, cost, gross and gross margin. Grant Management Software market is supposed to rise during the forecast period due to growing demand at the end user level. The data and insights from Grant Management Software marketing report suggest that new highs will take place in the market in 2021-2028. 
 
Data Bridge Market Research analyses that the grant management software market was valued at USD 655 billion in 2021 and is expected to reach the value of USD 1126.25 billion by 2029, at a CAGR of 7.01% during the forecast period of 2022-2029.
 
 
 Market Overview:
 
Grant management is an essential process for the majority of businesses. It primarily consists of all administrative actions required to manage grant funding, reporting, and program implementation. Grant management software automates and manages the entire grant process for fund-seeking organisations such as non-profit organizations and universities. The administrator of the grant management process must adhere to the current donor standards.
 
Grant Management Software Market Dynamic
 
Drivers
 
  • Variety of new and innovative customised mobile apps and MVA services
To meet changing consumer needs, telecom operators and service providers around the world are offering a variety of new and innovative customised mobile apps and MVA services. The expanding market landscape is defined by factors such as the increasing number of MVAS subscribers and smartphone users. Furthermore, the demand for customised value-added services by businesses and consumers increases the mobile value-added services market size.
 
  • Growing importance of social media platforms and penetration of smartphones
The increasing global adoption of smartphones is a major growth driver for the mobile value added service market. The market is seeing an increase in the use of digital solutions, advanced applications, and value-added services due to the presence of multiple vendors, competition among Internet service providers has increased. Smartphones are now used to check various applications, surf the web, send emails, interact on social media, and so on. Mobile value-added services (MVAS) are services that telecom service providers offer to customers in addition to voice, SMS, and data services to improve the user experience. Lower smartphone prices have increased mobile phone penetration among emerging-markets' lower-income populations, resulting in increased demand for mobile value-added services.
 
 
Some of the major players operating in the grant management software market are:
 
  • AT&T intellectual property (U.S)
  • Alphabet Inc. (U.S)
  • Amazon.com Inc. (U.S)
  • Apple Inc. (U.S)
  • Baidu Inc. (China)
  • Comverse Technology Inc. (U.S)
  • Thales (Netherlands)
  • Google LLC (U.S)
  • InMobi (India)
 
 
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