Sales Performance Management (SPM) Market 2019 Global Size, Share, Recent Trends and Better Investment Opportunities Forecast to 2025

The World Sales Performance Management (SPM) Market size will reach 1,310.0 million USD by 2025, from 920 million USD in 2018, at a CAGR of 4.52% during the forecast period. The growth in the market is expected to be driven by need for increased sales force efficiency by conducting a streamlined and predefined order management process, and reducing the customer churn by Reduce customer churn by improving information flow on order status and tracking the continuous demand for the products. The cloud based SPM products are expected to grow at a higher rate as the cost of adoption is much lower and the benefit it brings to the organizations is visible in the sales force effectiveness. The SPM Market is growing with increasing features include Advanced workflow notification, analytics, dispute resolution, digital assistant/ bots, mobile readiness, gamification, integration with multiple information sources systems.

The North American region captured the largest share in the Sales Performance Management (SPM), followed by Europe and APAC in 2018. The SPM market in North America is accelerating with the maturation of new technologies and providing real-time analytics, and recommendations based on machine learning. The major SPM providers in the North America market include SAP sales Cloud, IBM, NICE, Vistex, Xactly, Anaplan, Optymyze, Payscale, Core-Compensation, and Terralign.

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In 2018, the Incentive Compensation Management segment is estimated to capture the largest share growing at a CAGR of 3.68% from 2018 to 2025. By deployment type, in 2018 the On-Premise based deployment accounted for the largest market for SPM in 2018 with a share of 67.34%, led by the increasing demand for SPM products to increase the sales capacity in Large and mid-size organization. The market for cloud based products is increasing as the Cloud adoption is accelerating and demand is expanding across segments

The market for SPM market is intensely competitive and dominated by a few vendors. Majority of the Market is dominated by the top four companies SAP Sales Cloud, Oracle, IBM, Xactly, and NICE with or over 45% of the global sales performance Management market in 2018. The vendors in the SPM market compete based on product portfolio, product differentiation, and the pricing of products. The rise in technological innovations in the design of the products is expected to continue to intensify the level of competition among the companies to expand their product portfolios by incorporating innovative features into their products. In addition, the market is expected to be consolidated over the years with strategies, such as collaborative partnerships, mergers & acquisitions, and market expansions. The market for cloud based SPM products is having high adoption across the verticals as they are low cost and easy to adopt.

The manufacturing vertical accounted for the largest market for SPM products in 2018 with a share of 15%, led by the increasing adoption of cloud based SPM products for sales effectiveness and convert the leads to revenue efficiently. The report provides an analysis on the types of Sales Performance Management products across different applications and regions. It aims at estimating the market size and future growth potential of the market across different segments such as type, vertical, deployment modes, organization size, and regions. Furthermore, the report includes an in-depth competitive analysis of the key players in the market along with their company profiles, SWOT analysis, recent developments, and key market strategies.

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Major Table  of  Contents:

1  Report  Overview

        1.1  Goal  &  Objective

        1.2  Market  Definition

        1.3  Key  Market  Segments  in  this    Study

        1.4  Years  Considered       

        1.5  Report  Coverage

2  Executive  Summary 

    2.1  Global  SPM  Market  Size 

    2.1.1  Global  SPM  Market  Revenue  2013-2025

    2.2  Competitor  Analysis 

    2.2.1.1  SPM  Deployments  Offered 

    2.2.1.2  Date  of  Manufacturers  Enter  into  SPM  Market 

3  SPM  Market  by  Regions 

    3.1.1  Global  SPM  Market  by  Regions 

      3.1.2  Market  Size  &  Forecasts,  2018-2025 

      3.2  North  America 

    3.2.1  North  America  SPM  Market  Size  and  Growth  Rate  (2013-2018)  (USDMILLION) 

    3.2.2  Market  Size  &  Forecasts,  2018-2025 

    3.3  Europe 

    3.3.1  Market  Size  &  Forecasts,  2018-2025 

    3.4  APAC 

    3.4.1  Market  Size  &  Forecasts,  2018-2025 

    3.5  ROW 

    3.5.1  Market  Size  &  Forecasts,  2018-2025

4  Market  Size  by  Type 

    4.1  Global  SPM  Market  by  Type 

    4.2  Global  SPM  Market  Breakdown  by  Type 

    4.2.1  Market  Size  &  Forecasts,  2018-2025 

    4.3  Global  SPM  Market  Revenue  by  Type

TOC Continued….!

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