The sales force automation software global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Sales Force Automation Software Market, 2024 report by The Business Research Company
offers comprehensive insights into the current state of the market and
highlights future growth opportunities.
Market Size -
The sales force automation software market size has grown rapidly in recent
years. It will grow from $10.33 billion in 2023 to $11.51 billion in 2024 at a
compound annual growth rate (CAGR) of 11.3%. The growth in the historic period
can be attributed to the adoption of cloud computing, increasing demand for
mobility solutions, the need for process automation, focus on customer
experience, and regulatory compliance requirements.
The sales force automation software market size is expected to see rapid growth
in the next few years. It will grow to $17.80 billion in 2028 at a compound
annual growth rate (CAGR) of 11.5%. The growth in the forecast period can be
attributed to the rise of predictive analytics, emphasis on data security and
privacy, demand for real-time insights, growth in remote workforces, and
expansion of subscription-based models. Major trends in the forecast period
include sales analytics, integration with virtual reality for product
demonstrations, enhanced sales coaching and training tools, integration with
blockchain for secure transactions, and expansion of voice-activated assistants
for sales tasks.
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Scope Of Sales Force Automation Software Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Sales Force Automation Software Market Overview
Market Drivers -
The increasing adoption of cloud-based solutions is expected to propel the
growth of the sales force automation software market going forward. Cloud-based
solutions refer to software or services that are hosted, accessed, and operated
entirely over the Internet without the need for on-premises infrastructure. The
increasing adoption of cloud-based solutions can be attributed to factors such
as their cost-effectiveness, scalability, flexibility, enhanced collaboration
capabilities, and the growing demand for remote work infrastructure. Sales
force automation software facilitates the increasing adoption of cloud-based
solutions by streamlining sales processes, centralizing data access, enabling
real-time collaboration among remote teams, and offering scalable
infrastructure without the need for extensive on-premises hardware. For
instance, in December 2023, according to the European Commission (EC), a
Belgium-based executive branch of the European Union (EU), the adoption of cloud-based
solutions in 2023 in the European Union increased by 4.2 percentage points,
with 45.2% of enterprises purchasing cloud computing services, showcasing a
notable rise compared to 2021. Therefore, the increasing adoption of
cloud-based solutions is driving the growth of the sales force automation
software market.
Market Trends -
Major companies operating in the sauna and spa market are focusing their
efforts on introducing advanced solutions, such as contrast heat therapy sauna
products, to gain a competitive edge in the market. A contrast heat therapy
sauna product utilizes alternating hot and cold treatments to enhance blood
circulation, reduce inflammation, and promote healing, offering holistic
wellness benefits for the mind and body. For instance, in May 2023, Plunge, a
US-based cold plunge company, launched the Plunge Sauna, a groundbreaking
addition to its product range designed to enhance wellness through heat
therapy. This sauna is ideal for modern homes, gyms, or spas, as it complements
Plunge's renowned cold plunge, enabling contrast therapy known to enhance blood
circulation, alleviate inflammation, and accelerate healing by alternating hot
and cold treatments.
The sales force automation software market covered in this report is segmented
–
1) By Deployment: Cloud, On-Premise
2) By Enterprise: Large Enterprises, Small And Medium Enterprises (SMEs)
3) By Application: Lead Management, Sales Forecasting, Order And Invoices
Management, Opportunity Management, Other Applications
4) By End-Use: Banking Financial Services And Insurance (BFSI), Retail,
Healthcare, Telecom, Manufacturing, Automotive, Media And Entertainment, Other
End-Uses
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Regional Insights -
North America was the largest region in the sales force automation software
market in 2023. Asia-Pacific is expected to be the fastest-growing region in
the forecast period. The regions covered in the sales force automation software
market report are Asia-Pacific, Western Europe, Eastern Europe, North America,
South America, Middle East and Africa.
Key Companies -
Major companies operating in the sales force automation software market are
Microsoft Corporation, International Business Machines Corporation, Oracle
Corporation, SAP SE, Salesforce.com Inc., Adobe Inc., Infor Inc., Sage Group
plc, HubSpot CRM, Pegasystems Inc., Zoho Corporation Pvt. Ltd., Bullhorn Inc.,
CRMnext, Aptean Inc., Freshworks Inc., Infusionsoft (Keap), SugarCRM, Creatio,
Rave Digital, Pipedrive, ACG Infotech Ltd., Consensus Sales Inc., Swiftpage,
iRely LLC, Isightly, Shape, Copper CRM Inc, Nimble, Technology Group
International, Spiro.AI
Table of Contents
1. Executive Summary
2. Sales Force Automation Software Market Report Structure
3. Sales Force Automation Software Market Trends And Strategies
4. Sales Force Automation Software Market – Macro Economic Scenario
5. Sales Force Automation Software Market Size And Growth
…..
27. Sales Force Automation Software Market Competitor Landscape And Company
Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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