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Global Sales Performance Management Market 2023 - Advance Technology, Drive Growth, Analysis And Forecast 2032
Sales Performance Management Market
The Business Research Company's Sales Performance Management Global Market Report 2023 identifies increase in automation as the major driver for the Sales Performance Management market's growth in the forecast period. 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.
The global sales performance management market size will grow 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 market size of the global sales performance management industry is expected to grow to $11.88 billion in 2027 at a CAGR of 15.9%.
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Major competitors in the Sales Performance Management market are SAP, Oracle, Xactly, Anaplan, Varicent, beqom, Salesforce, Iconixx, IBM Corporation, Callidus Software Inc.
A key trend in the Sales Performance Management market includes new product innovations. Major companies operating in the SPM sector are focused on developing new innovative products to strengthen their position. For instance, in January 2021, Salesforce, a US-based cloud-based software company, launched Loyalty Management, a solution that allows companies to build intelligent loyalty programs for both B2B and B2C customers with a flexible, configurable, and quickly deployable solution that fits their specific needs across industries such as retail, consumer goods, manufacturing, travel, and hospitality.
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The Sales Performance Management market is segmented -
• 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.
The Business Research Company's "Global Sales Performance Management Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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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