The global sales performance management market was valued at US$XX billion in 2019 and is expected to reach US$XX billion by 2027, growing at a CAGR of 13.6%. Sales performance management software helps organizations plan more effectively and maximize performance by automating and integrating back-office sales processes. The cloud-based segment is growing most rapidly due to its widespread adoption by small and medium enterprises. North America currently dominates the market due to technological advancements and the presence of major players in the region.
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Global Sales Performance Management Market to Reach US$ XX Bn
1. Global Sales Performance Management Market was valued US$ XX Bn in 2019 and
is expected to reach US$ XX Bn by 2027, at a CAGR of 13.60 % during a
forecast period.
The report study has analyzed revenue impact of the COVID-19 pandemic on the
sales revenue of the market leader, market followers and market disrupters in
the report and same is reflected in our analysis.
Sales performance management is a data-driven approach, which helps to
organizations plan more effectively and maximize performance. Sales
performance management software comprise tools and process functions , which
can automate and unite back-office sales processes. It is implemented to
increase the sales execution and operational efficiency. Also , SPM is
assiting organization to operate as an efficient, profitable sales machine by
using the data effectively.
Global Sales Performance Management Market, Dynamics:
Sales operations is in an interesting place in the landscape of
organizations. It is acting as a catalyst to increase the sales of a company
by fostering the improvement of sales representatives. It also reduces sales
problems like increasing sales cycles, high sales team churn rate, inaccurate
sales forecasts and a lack of alignment with marketing. The requirement to
streamline the business process in terms of selling and purchasing is
expected to increase the demand for sales performance management solution. On
the other hand, the lack of awareness concerning the benefits, sales data
security, requirement for strong initial investments, and ongoing structural
changes among organizations are limiting the sales performance management
market from attaining its true potential across the globe.
Global Sales Performance Management Market, Segment Analysis:
The sales performance management offers some of the prominent features like
managing sales operations, increasing sales effectiveness, and incorporating
sales analytics. The Business Intelligence (BI) tools over digital
dashboards, prediction of incentives and commissions for the sales teams,
2. manage sales channel, the training and coaching systems are providing
holistic showcase of sales target accomplishment to motivate the sales
executives and empower the better business returns for the organization.
The cloud-based sales management segment is expected to grow at a XX% rate of
CAGR during the forecast period. Cloud-based sales performance management has
largest value share in the market because of its wide usage of sales
performance management software by small and medium enterprisers to increase
the management of end-to-end business process. The widespread adoption of
cloud-based sales management solutions has benefitted to the stakeholders
with augmented business operations, enhance customer experience, and design
finer tailor-made solutions for the clients. With the well-known
acknowledgement of sales management software and services by the users, sales
performance management is generally gaining traction across different
industrial verticals across the region.
Global Sales Performance Management Market, Regional Analysis:
North America region held the dominant position in the global sales
performance management market and is projected to continue its dominance
during the forecast period. The growth in the market is attributed to the
introduction of the technological advancements, adoption of sales performance
management software & solution and the presence of prominent key market
players in the region. The existence of the well established end user
industries like BFSI, retail, healthcare, it and telecom, and manufacturing
are expected to boost the regional market growth.
Global Sales Performance Management Market, Competitive Analysis:
Various Sales Performance Management solution vendors like Oracle
Corporation, Nice Systems Ltd., IBM Corporation, and Salesforce.com, Inc. are
offering enhanced solutions. Some of the prominent managed service providers
like Xactly Corporation and Synygy are developing innovative techniques of
advanced sales performance management features into their solution offerings
to form their presence across the globe. For instance, Oracle offers cloud-
based SPM solution, which is designed solely on a single platform with a
solitary database. The oracle offers end-to-end capabilities like quota
modeling, territory planning, sales coaching, incentives and games, and more.
The objective of the report is to present a comprehensive analysis of the
Global Sales Performance Management Market including all the stakeholders of
the industry. The past and current status of the industry with forecasted
market size and trends are presented in the report with the analysis of
complicated data in simple language. The report covers all the aspects of the
industry with a dedicated study of key players that includes market leaders,
followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the
potential impact of micro-economic factors by region on the market has been
presented in the report. External as well as internal factors that are
supposed to affect the business positively or negatively have been analyzed,
which will give a clear futuristic view of the industry to the decision-
makers.
The report also helps in understanding Global Sales Performance Management
Market dynamics, structure by analyzing the market segments and projects the
Global Sales Performance Management Market size. Clear representation of
competitive analysis of key players by Application, price, financial
position, Product portfolio, growth strategies, and regional presence in the
Global Sales Performance Management Market make the report investor’s guide.
3. Scope of the Global Sales Performance
Management Market
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et-report/global-sales-performance-
management-market/62991/
Global Sales Performance Management Market, By Deployment
• Cloud
• On-Premises
Global Sales Performance Management Market, By Service Type
• Consulting
• Implementation
• Training and Support
• Managed Services
Global Sales Performance Management Market, By Application
• Incentive Compensation Management
• Territory Management
• Sales Planning and Monitoring
• Sales Analytics
• Others
Global Sales Performance Management Market, By Vertical
• BFSI
• Retail
• Healthcare
• IT and Telecom
• Manufacturing
• Energy and Utilities
• Travel and Hospitality
• Transportation and Logistics
• Media and Entertainment
• Others
Global Sales Performance Management Market, By Region
4. • North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in Global Sales Performance
Management Market
• SAP AG
• Salesforce.Com, Inc.
• IBM Corporation
• Microsoft Corporation
• Synygy, Inc.
• Xactly Corporation
• Netsuite, Inc.
• Nice Systems Ltd.
• Oracle Corporation
• Callidus Software, Inc.
• Accent Technologies, Inc.
• Altify
• Xactly Corporation
• Anaplan, Inc.
• Callidus Software Inc.
• Entomo, Inc.
• Hybris AG
• Microsoft Corporation
• Oracle Corporation
• Silvon Software Inc
• The Aberdeen Group.