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Sales Tech Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports

01-10-2024 07:51 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Valuates Reports

Sales Tech Market Size
The global Sales Tech market is projected to grow from US$ 42260 million in 2023 to US$ 104470 million by 2029, at a Compound Annual Growth Rate (CAGR) of 16.3% during the forecast period.

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Sales Tech Market
Sales tech is defined as a set of tools that help accelerate and enhance sales productivity by enabling sales reps to use their time and customer intelligence as effectively and efficiently as possible. It's important to note how it differs from sales automation and sales enablement. While both are key components of a holistic sales tech stack, they each play a distinct strategic role. Sales automation uses technology to organize and automate your team's most tedious, repeatable tasks-improving efficiency and giving your reps time to focus on closing the deal. Sales enablement, however, comprises the tools, processes, training, and resources an organization provides to increase rep efficiency and success. Sales automation and sales enablement are subsets of sales tech. The sales tech is primarily split into Customer Relationship Management (CRM),Prospecting and Lead Generation, Sales Automation, Sales Reporting and Management, Project Management, etc.
Market Analysis and Insights: Global Sales Tech Market
Leading global sales technology players include Salesforce, LinkedIn, HubSpot, Zoho, and Zoominfo. Globally, the top five players have a share of nearly 66 per cent by revenue. North America is the world's largest market with a market share of about 57 percent, followed by Europe and Asia with about 25 percent and 11 percent, respectively. By product type, customer relationship management (CRM) is the largest market segment, with 47 percent share.

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Segment by Type
• Customer Relationship Management (CRM)
• Prospecting and Lead Generation
• Sales Automation
• Sales Reporting and Management
• Project Management
• Others

Segment by Application
• Medium-sized Enterprises (50 to 249 Employees)
• Large Enterprises(Employ 250 or More People)

By Company
Salesforce, LinkedIn, HubSpot, Zoho, Zoominfo, Outreach, Freshwork, ClickFunnels, Pipedrive, Sugar CRM, Clari, Mindtickle, Leadpages(Redbrick), Leadfeeder

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https://reports.valuates.com/market-reports/QYRE-Auto-27F12931/global-sales-tech

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