Global innovation management market was valued at USD 1.06 billion in 2021 and is expected to reach the value of USD 4.21 billion by 2029, at a CAGR of 18.8% during the forecast period of 2022-2029. Market Definition The management of an organization's innovation process, from the initial level of the idea to the final phase of its successful execution, is referred to as innovation management. Formulating options, using an innovative approach, and operations and processes are all part of the process. Technology aids in the creation of innovative business models as well as the development of innovative products, services, and skills.
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