Sales Performance Management Market Trends, Forecast 2022-27 According to the latest report by IMARC Group, titled, “Sales Performance Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, Offers a comprehensive analysis of the industry, which comprises insights on sales performance management market share.
The global sales performance management market size reached US$ 3.6 Billion in 2021. Sales performance management (SPM) refers to a data-informed operational approach, which is extensively employed for planning, managing, and evaluating overall sales performance at scale. SPM offers various other services, such as forecasting sales trends, sales training, and granular planning. At present, sales performance management is commercially available based on its varying solutions.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Sales Performance Management Market Trends:
The widespread adoption of SPM in various industrial verticals, such as transportation, retail, hospitality, healthcare and banking financing services and insurance (BFSI), for enhancing operational efficiency is one of the key factors driving the market growth. Additionally, the increasing utilization of SPM for automating business functions is propelling market growth. Apart from this, the rising consumer inclination toward SPM due to inaccuracies and excessive time-consumption in manual intervention is creating a positive outlook for the market. Other factors, such as the surging need for automation, the rising demand for metric-driven sales tools, and burgeoning enterprise mobility, are driving the market toward growth. Looking forward, IMARC Group expects the market to reach US$ 9.0 Billion by 2027, exhibiting a growth rate (CAGR) of 16.7% during 2022-2027.
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Sales Performance Management Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Anaplan Inc., Axtria Inc., beqom SA, Iconixx Software Corporation, International Business Machines Corporation, Microsoft Corporation, NICE Ltd., Oracle Corporation, Salesforce.com Inc., SAP SE and Xactly Corporation.
The report has segmented the market on the basis on product, hormone, age group and end user.
Breakup by Solution:
Territory Management
Sales Analytics
Sales Planning and Monitoring
Incentive Compensation Management
Others
Breakup by Services:
Consulting Services
Managed Services
Training and Support
Others
Breakup by Organization Size:
Small and Medium-sized Enterprises
Large Enterprises
Breakup by Deployment Model:
On-premises
Cloud-based
Breakup by End User:
BFSI
IT and Telecom
Retail
Energy and Utilities
Travel and Hospitality
Transportation and Logistics
Healthcare
Others
Breakup by Region:
North America: (United States, Canada)
Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
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Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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