Global sales performance management (SPM) market are estimated to translate into a revenue of US$8,138.1 mn by 2025, with the demand expanding at a formidable CAGR of 17.1% during the forecast period of 2017 to 2025.
Market Research Hub (MRH) has added a new report in its varied database titled ‘Sales Performance Management Market’. This reports analyzes in detail the sales performance management market across various regions and segments and gives comprehensive details regarding the factors affecting the growth of this market.
This reports gives a scrutiny of the global sales performance management market from 2015 till 2025, in which the forecast period starts from 2017 and ends in 2025, while 2016 is considered as the base year. This report presents the market dynamics that are affecting the growth of sales performances management market during the stated forecast period.
In the market overview section of the report, the market dynamics and trends are given that denote the current and future status of this competitive market. The report also gives an ecosystem analysis and important market figures for the sales performance management market.
Such kind of market numbers and forecasts are derived from a comprehensive secondary research, primary research and the analysis conducted by an in-house team of experts. Such analysis is done keeping in mind the impact of various economic, technological, political, legal and social factors that are impacting the growth of this market.
Overview of the market
The software related to sales performance management is utilized in the guidance and monitoring of the sales representatives in order to better equip them for conducting sales and manage their performance in an efficient manner. This type of software is also used to motive the sales representatives and enhance their ability to sell.
This is achieved by associating the revenue analytics and performance on a same platform. Presently, companies are lapping up the tools that help in increasing the sales of an organization.
This is increasing the demand of sales performance management software solutions across various types of industries all over the world.
The sales performance management market is divided by end-use industry, by component and by solution. Further, by component, the market is further segmented into services and software.
Software sub-segment is further divided into cloud-based and on-premise. The services sub-segment is also divided into professional services and managed services.
On the basis of solution, the market is divided into sales planning, quota and territory management, sales forecasting, talent management and others. The end-use industry segment is further divided into BFSI, telecom and IT, retail, healthcare and others.
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Some of the major players functioning in the global sales performance management market include Microsoft Corporation, Xactly Corporation, Accent Technologies, IBM Corporation, The Aberdeen Group, Altify, Callidus Software Inc., Oracle Corporation, Entomo, Inc., Silvon Software Inc., Anaplan, Inc. and Hybris AG. The competitive landscape portion of the report includes important information about the above companies and gives their important developments and market strategies.
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