Customer Relationship Management (CRM) Software Market 2018 estimated to grow up to 35 Bn | Industry Technology giants such as IBM , Oracle, Salesforce.com, SAP AG, Microsoft Corporation, Adobe Systems

Market Research Future published a cooked research “Global CRM Software Market Research Report - Forecast to 2023” - Market Analysis, Scope, Stake, Progress, Trends and Forecast up to 2023

The CRM or customer relationship management software refers to the technologies that a company can use to maintain business relationships by analyzing the customer interactions throughout the consumer lifecycle and compiling the information of customers across different channels. In a way, CRM software helps the companies to stay connected with their customers and thereby improve profitability, streamlining the work processes.

Acknowledging the exponential accruals the market witnesses currently, Market Research Future (MRFR) has recently published a study report giving out the complete Market prognosis up till 2023. In its analysis, MRFR asserts that the global CRM Software market is expected to grow up to 35 Bn. by 2023 registering a CAGR of 6% during 2017-2023.

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Major Key Players

Salesforce.com (US),
Oracle Corporation (US),
Adobe Systems Inc. (US),
Microsoft Corporation (US),
Amdocs (US)
Huawei Technologies Co. Ltd (China),
Convergys Corporation (US),
Infor Global Solutions, Inc. (US),
SYNNEX Corporation (US),
SAS Institute Inc. (US),
The Sage Group Plc (UK),
IBM Corporation (US),
Infusionsoft (US),Verint Systems Inc. (US), SugarCRM (US), IMS Health (US), NICE Ltd. (Israel), NetSuite Inc. (US), and ZOHO Corporation (India) are some of the prominent players profiled in MRFR Analysis and are at the forefront, competing in the Global CRM Software Market.

Industry/Innovation/Related News:

July 16, 2018 - CDK Global, Inc. (US), a leading global vendor of digital marketing solutions and integrated information technology to the automotive retail and adjacent industries, announced the acquisition of ELEAD1ONE (US), the leading provider of fully integrated CRM software solutions to automotive dealers in North America. The acquisition is going to help CDK to rapidly address the needs of dealers in today’s evolving marketplace, with ELEAD1ONE’s CRM offering and a fully integrated suite of layered applications.

July 12, 2018 - LF Logistics (US), a global logistics and transportation company announced its collaboration with Lanetix (US), a leading provider of CRM software to empower its global business development teams with advanced opportunity management, and customer on boarding platform.
Using Lanetix’s CRM software, LF Logistics will be able to offer its customers the improved operational visibility into the status of the most important processes such as maintaining the project schedule.

Regional Analysis

North America is the largest CRM software market, globally. The region is expected to retain its hegemony throughout the forecast period, marking the largest chunk of the market share. The substantial amount of technological advancements and increased adoption of cloud-based technologies across various industry verticals is the predominant factor accounting for the market growth.
The U.S. and Canada are the dominating markets for CRM in the region owing to the proliferation of smart and connected devices. Moreover, the presence of a well-established infrastructure contributes hugely to the market growth, allowing faster implementation of advanced technologies.
On the other hand, Asia Pacific CRM market is increasing rapidly, becoming one of the most lucrative markets globally. This is because of the development in industrialization and the growing number of business in the region. In developing countries like India and China, catalyze industry growth is expected over the forecast period, which in turn, propel the market growth in the region.
In Europe also, substantial growth is expected in the CRM market because of the increase in the number of corporate offices in the region. The market is increasing due to the rising technological enhancements, and the growing adoption of cloud-based CRM.

Segmentation:

The global CRM software market is segmented by organization size, deployment, application and vertical. Based on the organization size, the market is segmented into SMEs and large enterprises. Based on the organization size, the market is segmented into cloud and on premise. Based on the application, the market is segmented into sales, marketing, manufacturing, customer service, social networking, supply chain, distribution and others. Whereas, based on the vertical, the market is segmented into BFSI, healthcare, manufacturing, IT & telecommunication, media & entertainment, energy & utilities and others.

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Intended Audience
• Technology Investors
• Research/Consultancy firms
• Technology Solution Providers
• Government Bodies
• Regulatory agencies
• Corporate

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