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Sales Performance Management Market Report 2023 - Growth Rate, Trends, Size And Forecast To 2032 | SAP, Oracle, Xactly, Anaplan, Varicent
Sales Performance Management Market
Sales Performance Management Market Size, Growth Rate, And Forecast
The global sales performance management market size grew from $5.64 billion in 2022 to $6.58 billion in 2023 at a compound annual growth rate (CAGR) of 16.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The sales performance management market size is expected to grow to $11.88 billion in 2027 at a CAGR of 15.9%.
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Sales Performance Management Market Drivers
The increase in automation is expected to propel the growth of the SPM market going forward. Automation is a set of operational and analytical functions used to automate and combine back-office operational sales activities. Major players in the SPM market are adopting automation processes to increase operational efficiency and effectiveness.
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Sales Performance Management Market Segments
By Component: Solutions, Services.
By Organization: Large Enterprises, Small and Medium-sized Enterprises (SMEs).
By Deployment: On-premises, Cloud.
By Vertical: BFSI, Telecommunications, Manufacturing, Energy and Utilities, Consumer Goods and Retail, Healthcare and Pharmaceuticals, Other Verticals.
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Sales Performance Management market.
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Sales Performance Management Market Key Players
Major competitors in the sales performance management market include SAP, Oracle, Xactly, Anaplan, Varicent, beqom, Salesforce, Iconixx.
The Business Research Company's "Global Sales Performance Management Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Sales Performance Management Market Include:
1. Executive Summary
2. Sales Performance Management Market Characteristics
3. Sales Performance Management Market Trends And Strategies
4. Sales Performance Management - Macro Economic Scenario
5. Sales Performance Management Market Size And Growth
……
26. Africa Sales Performance Management Market
27. Sales Performance Management Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Sales Performance Management Market
29. Sales Performance Management Market Future Outlook and Potential Analysis
30. Appendix
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