Innovation management (IM) platform offers an enterprise grade platform that includes features like cloud collaboration, integration, gamification, idea management, connection to external data sets, and reporting & analytics. The platform provides tools that an organization needs to innovate at scale and helps in accelerating innovation outcomes, embedding a culture of innovation, or solving complex innovation challenges. Also, the platform provide solutions that allow businesses to crowdsource ideas across the entire organization, provide an end-to-end innovation management process that allows them to determine which ideas are most likely to succeed, and assist in developing an action plan by transforming their ideas into long-term success.

Quadrant Knowledge Solutions’ Innovation Management (IM) platform market research includes a detailed analysis of the global market regarding short-term and long-term growth opportunities, emerging technology trends, market trends, and future market outlook. The study provides a comprehensive market forecast analysis of the global market and the overall market adoption rate as well. This research provides the strategic information for technology vendors to better understand the existing market and supporting their growth strategies, and for users to evaluate different vendors’ capabilities, competitive differentiation, and market position.

The research includes detailed competition analysis and vendor evaluation with the proprietary SPARK Matrix analysis. SPARK Matrix includes ranking and positioning of leading Innovation Management platform vendors, with a global impact. The SPARK Matrix includes an analysis of vendors, including Brightidea, Crowdicity, edison365, HYPE Innovation, Idea Drop, Ideanote, IdeaScale, Innosabi, InnovationCast, ITONICS, Nosco, Planbox, Planview, Qmarkets, Sopheon, Wazoku, and Wellspring.

According to Manish Chand Thakur, Analyst at Quadrant Knowledge Solutions, “The innovation management platform vendors continue to strengthen their capabilities, leveraging cutting-edge technologies such as – gamification, integration with enterprise ecosystem, open innovation, external crowdsourcing, and reporting & analytics. Additionally, the innovation management platform vendors are making significant investments for features like cloud capabilities, digitization, open innovation communities, security, and increased traceability & transparency. Furthermore, the vendors are also providing integrated Artificial Intelligence, Natural Language Processing, and Machine Learning capabilities that aid in matching people, ideas, and problems and ensure that unexpected relationships are highlighted and not left to chance. The platform uses these technologies to create a corporate memory of ideas for businesses that can later be matched with people and challenges.

2021 Innovation Management Platform SPARK Matrix
Source: Quadrant Knowledge Solutions

SPARK Matrix_Innovation Management_2021_


Table of Contents

Executive Overview

  • Key Research Findings

Market Overview and Technology Trends

Factors Influencing Technology Development and Market Growth

Market Adoption Trends

Competition Landscape and Analysis 

  • Competitive Overview and Analysis
  • Key Competitive Factors and Technology Differentiators

SPARK Matrix™: Innovation Management Platform Market

Vendor Profiles

Research Methodologies

Custom Research Service

Our custom research service is designed to meet the client’s specific requirements by providing customized in-depth analysis of the technology market to meet your strategic needs. Further, our custom research and consulting services deliverable is uniquely effective, powerful, innovative, and realistic for helping companies successfully address business challenges. Our team of experienced consultants can help you in achieving short-term and long-term business goals in the following ways:

  • Detailed understanding of the industry structure, market participants, and value chain mapping
  • Business potential and opportunities of target markets, economies, and industries
  • Strategic planning and tactical opportunities
  • Go to market strategies