Sales Acceleration Technology Market to Reach US$ 209.7 Billion by 2027, Propelled by Rapid Automation Across Industries

According to the latest report by IMARC Group, titled "Sales Acceleration Technology Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global sales acceleration technology market size reached US$ 78.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 209.7 Billion by 2027, exhibiting a growth rate (CAGR) of 17.91% during 2022-2027. Sales acceleration technology is B2B software that enables the sales team to sell with more confidence, with more insights, at higher volumes, and bringing more value to each stage of the consumer's buying journey. Sales Acceleration Technology is a software service developed to help the sales team reduce the sales cycle and increase sales frequency intelligently and efficiently. It assists in converting the lead effectively and increases the sales team's productivity. It offers certain automated features, such as voice-enabled communication and smart email management. Another best feature included in this technology is the predictive analysis feature, which is continuously evolving through the inclusion of smart algorithms, machine learning and artificial intelligence. It is a hot area of interest for corporate decision-makers for the sheer amount of value it can add to the company.

Industry Demand:

The global market is majorly driven by the increasing demand for sales automation tools to identify the best prospects and convert leads to customers. In line with this, the rising trend of marketing the most effective product or service marketing campaign significantly contributes to market growth. Furthermore, shorter response time to web-generated leads, less time to make calls, and more usage of video conferences instead of travelling are the benefits of the technology catalyzing the market growth. Apart from this, growing success rates and sales acceleration technology response rates are other growth-inducing factor. Escalating demand for the technology for providing specific data based on the situation and condition is propelling the market. The rising demand for automation of sales and the velocity of sales effectiveness is favouring market growth. Rapid automation across various industries is also strengthening market growth.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally-our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.

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Global Sales Acceleration Technology Market Trends:

The incorporation of Artificial Intelligence and Machine Learning Solutions with Sales Acceleration Technology is offering numerous opportunities for market growth. Moreover, multiple players are heavily investing in technological advancements, thus creating a positive outlook for the market. Besides, improvements in connectivity technology and rising internet penetration are stimulating market growth. Additionally, outsourcing of sales Acceleration Technology by industry players is providing a boost to market growth. The shifting inclination of small and medium-scale enterprises towards the adoption of Sales Acceleration Technology is providing a thrust to market growth across the globe.

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Global Sales Acceleration Technology Market 2022-2027 Analysis and Segmentation:

Competitive Landscape with Key Players:

• Apttus Corporation
• ConnectLeader
• LeadFuze
• Outreach Corporation
• com Inc.
• SalesLoft Inc.
• Sofon
• Tenfold Corporation
• Upland Software Inc.
• Yesware Inc.

Breakup by Type:

• Configure Price Quote (CPQ) Tools
• Sales Proposal Automation Tools
• Customer Relationship Management Tools
• Sales Email Tools
• Sales Intelligence Tools
• Others

Breakup by End-Use Industry:

• BFSI
• Healthcare
• Retail
• Automotive
• Telecom
• Manufacturing
• 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, Other)

Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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