According to the latest report by IMARC Group, titled “Sales Force Automation Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.’ the global sales force automation software market reached a value of US$ 6.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 13.5 Billion by 2027, exhibiting a CAGR of 12.14% during 2022-2027. Sales force automation (SFA) software is programming software that simplifies the gathering, evaluation, and dispersal of sales pipeline data. It enables industries to manage account information, customer database, order and invoice, and track the system on a real-time basis. This software is widely used by managers to track the behavior and performance of their employees and develop new marketing strategies. In recent years, SFA software has gained traction as it offers various advantages, including lead management, sales forecasting, opportunity management, as well as contact and relationship management. It also reduces the administrative tasks that are to be performed by people manually.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Sales Force Automation Software Market Trends:
The global SFA software market is primarily driven by the rising sales forecasting in the banking, retail, and information technology (IT) sectors globally. Besides this, the increasing adoption of cloud technology, artificial intelligence (AI), and machine learning (ML) across banking, retail, and IT and telecom sectors are propelling the demand for SFA software. In addition to this, the rising number of small and medium enterprises and new startups that are extensively investing in SFA software to access personalized and consolidated customer communication from various online channels are also positively impacting the market growth. Moreover, the increasing penetration and improvement in mobile technology are also expected to further fuel the market growth.
Competitive Landscape with Key Players:
- Aptean Inc.
- Consensus Sales Inc.
- Infor Inc. (Koch Industries Inc)
- Microsoft Corporation
- Oracle Corporation
- Pegasystems Inc
- com Inc.
- SAP SE
- SugarCRM Inc
- Zoho Technologies Private Limited.
Breakup by Application:
- Lead Management
- Sales Forecasting
- Order and Invoices Management
- Opportunity Management
- Others
Breakup by Deployment Type:
- Cloud-based
- On-premises
Breakup by Enterprise Size:
- Small and Medium Enterprises
- Large Enterprises
Breakup by Industry Vertical:
- BFSI
- Healthcare
- Retail
- Telecom
- Food and Beverages
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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