The global sales force automation market is expected to exhibit a strong 10% CAGR over the forecast period from 2017 to 2023, according to the latest research report from Market Research Future (MRFR). The global sales force automation market is expected to reach a valuation of USD 8 billion by 2023, according to the report. The report presents a comprehensive overview of the global sales force automation market by providing readers with comprehensive coverage about the market’s historical growth trajectory, present condition, and future growth prospects. Accurate, studied forecasts about the global sales force automation market are made in the report on the basis of extensive analysis of the market’s historical growth trajectory. Leading drivers and restraints affecting the global sales force automation market are profiled in the report to give readers an accurate overview of the global market’s major motivators and restraints. Leading players operating in the global sales force automation market are also profiled in the report in order to give readers a clear overview of the market’s competitive landscape. The report also examines the impact of the COVID-19 pandemic on the global sales force automation market.
Sales force automation is a process used by many companies to automate various parts of the sales process. The advent of online purchasing avenues has been a major driver for the sales force automation market. Online purchasing and consumer tracking options require a strong data management system to handle the user data being generated in the online operations. This has led to a growing demand for sales force automation systems in recent years. Due to the advent of online purchasing, conventional sales staff are being replaced by sales force automation systems, which allow for strong and capable online selling. The growth of the ecommerce sector is likely to be a major driver for the global sales force automation market over the forecast period. Increasing adoption of ecommerce by various end use industries has led to the development of various forms of sales force automation systems in recent years, which is likely to be a major driver for the Sales Force Automation Market Growth. Growing consumer preference for ecommerce over conventional brick and mortar stores is likely to further drive the global sales force automation market over the forecast period.
The media and entertainment industry is likely to remain a major end user of sales force automation systems over the forecast period. Many media and entertainment entities have adopted ecommerce channels in recent years, which allow consumers to book tickets online or through mobile channels. This allows consumers to avoid the crowd at the ticket booths at movie theaters and other entertainment venues and book tickets from the comfort of their homes or on the move. This convenience of online booking channels has made them highly popular in the media and entertainment sector in recent years. This has driven the demand for sales force automation systems in the media and entertainment sector. The growing media and entertainment sector is likely to remain a major driver for the global sales force automation market over the forecast period.
Competitive Leaderboard:
Leading players in the global sales force automation market include Zoho Corporation, SugarCRM, SAP SE, Salesforce.com Inc., Sage Group plc, Pegasystems Inc., Oracle Corporation, NetSuite Inc., Microsoft Corporation, Bullhorn Inc., and Aptean Software Company.
Segmentation:
The global sales force automation market is segmented on the basis of software, organization type, end use, and region.
By software, the global sales force automation market is segmented into on-premise, SaaS, and cloud-based.
By organization type, the global sales force automation market is segmented into small and midsized enterprises, and large enterprises.
By end use, the global sales force automation market is segmented into healthcare, automotive, media and entertainment, BFSI, and others.
Regional Analysis:
North America and Europe are the leading regional markets for sales force automation systems due to the presence of major players in the region and the widespread availability of advanced technological tools to enable strong, comprehensive sales force automation systems.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com