Hackathon Management Software Market: Introduction
- Hackathon management software is used to engage hundreds or thousands of people at a time within the company. Hackathon management is a large, online, problem solving event which is used to harness the shared intelligence of progressive management technologists and practitioners across the world by using social networking platforms to collaborate.
- The COVID-19 outbreak has been the main catalyst for the growth and adoption of hackathon management software. Educational organizations, enterprises, and governments are now focused on adopting online hackathon across the world due to the pandemic outbreak. This is expected to enhance the demand for hackathon management software among government and commercial enterprises, so as to ensure a robust platform to manage all communications between participants.
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Global Hackathon Management Software Market: Market Dynamics
- Growing need to ensure security and protection of data across small & medium and large enterprises across both developed and developing countries is projected to drive the growth of the hackathon management software market.
- Rising adoption of Artificial Intelligence (AI), Internet of Things (IoT), and Machine Learning (ML) for security systems is expected to drive the demand for hackathon management software across the world. Besides, the increasing adoption of trending technologies such as data analytics, data mining, and business intelligence is expected to trigger the growth of the hackathon management software market. These technologies play an important role in hackathon management, which can help organizations handle high volume of ideas and projects.
- Growing trend of single sign-on (SSO) among organizations or enterprises is expected to boost the growth of the hackathon management software market.
- One of the negative factors hampering the growth of the hackathon management software market is the rising data security threats and cyber-attacks among enterprises.
North America to Account for Major Share of the Global Hackathon Management Software Market
- In terms of region, the global hackathon management software market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
- North America is anticipated to lead the global hackathon management software market, due to various technological advancements and cutting-edge innovations in the U.S and Canada. This factor accelerates the growth of the hackathon management software market in the North America region.
- The hackathon management software market in Asia Pacific is expected to hold significant share due to the advent of small and medium-sized enterprises (SMEs) in developing countries such as India and China. In addition, governments of developing countries are investing more on the adoption of online hackathon platforms in Asia Pacific, which in turn is expected to fuel the growth of the hackathon management software market across Asia Pacific.
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Global Hackathon Management Software Market: Competitive Landscape
Key Players Operating in the Global Hackathon Management Software Market
Companies operating in the hackathon management software market are increasingly investing in research and development to introduce new and innovative techniques to provide hackathon management software. The hackathon management software market is highly fragmented with the presence of numerous manufacturers in both developed and developing regions. Key players operating in the global hackathon management software market are:
- Dev Accelerator LLP
- Mettl Online Assessment
- Brightidea, Inc.
- HYPE Softwaretechnik GmbH
- McKinsey & Company
- Slack Technologies, Inc.
- Devpost, Inc.
- Crowdicity Ltd
- Times Business Solutions
- Hubilo Softech Private Limited
- NCR Corporation.
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Global Hackathon Management Software Market: Research Scope
Global Hackathon Management Software Market Segmentation, by Component
- Managed Service
- Professional Service
- Installation & Integration
- Support & Maintenance
- Training & Consulting
Global Hackathon Management Software Market Segmentation, by Type
- Offline hackathon
- Online hackathon
Global Hackathon Management Software Market Segmentation, by Deployment
Global Hackathon Management Software Market Segmentation, by End-user
- Commercial Enterprises
- Small & Medium Enterprise
- Large Enterprise
- Educational Institutions
Global Hackathon Management Software Market Segmentation, by Region
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
- Hackathon Solution
- Hackathon Platform