Change Management Software Market Size

Change Management Software Market size was over USD 2.15 billion in 2023 and is projected to exceed USD 6.44 billion by 2036, witnessing over 8.8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of change management software is assessed at USD 2.3 billion. The growth of the market can be attributed to the growing digitalization of the IT sector, along with automation of management services. Additional factors, such as, work from home situation, and need for remote management are estimated to raise the demand for change management software. The dependency on automated digital medium, and AI is raising amongst every sector, such as, finance, IT, healthcare, education, and others, for various applications. Growing penetration of AI in IT and Telecom sector is forecasted to positively influence the market growth. According to a report by the World Economic Forum, AI is expected to result in a surge of an estimated USD 15.7 trillion, or 26% increase, in the global GDP, by 2030. Management software provide higher accuracy, reduce system downtime, and improve efficiency, which is another major driver estimated to fuel the market growth. The growing adoption of management software, such as, enterprise resource management, among others, is further anticipated to boost the market growth.