Press release
Increasing Adoption in the BFSI Domain is Offering Growth Opportunities for Salesforce Services Market
The primary reasons for the increasing adoption of salesforce services are their artificial intelligence (AI) advantages and a high demand in the banking, financial services, and insurance (BFSI) domain. This is the reason the salesforce services market, which valued $9,124.2 million in 2019, is expected to grow to $55,307.6 million by 2030, at an 18.9% CAGR during 2020-2030 (forecast period).Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/salesforce-services-market/report-sample
Among these, in 2019, the system management division dominated the salesforce services market, and it is also expected to witness the highest CAGR during the forecast period. This is because of the rising requirement for monitoring solutions, which generate alerts, so IT teams can predict and prevent issues related to various applications.
The term refers to integrated customer resource management (CRM) services, which includes marketing automation, customer service, application development, analytics, commerce cloud, sales cloud, marketing cloud, and analytics cloud. On the basis of service type, the market is divided into execution, planning, system management, and others, wherein 'others' include customer service cloud and marketing automation.
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When segmented by industry, retail & e-commerce, BFSI, manufacturing, IT & telecom, government, healthcare, and others are the categories of the market. Among these, the BFSI category held the largest share in 2019, in terms of revenue, and it is projected to experience the fastest growth in the forecast period as well. This is because firms in the industry are increasingly focusing on engaging with customers through digital modes, such as mobile applications and online payment features.
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