Sales Force Automation Market valuation is expected to reach USD 18.65 billion by 2030
Market Overview
The global Sales
Force Automation Market is accounted to generate USD 8 billion of market valuation
by the end of the year 2027. It is further estimated to hold a CAGR of 10%
during the forecast period of 2020 to 2027.
Nowadays, many organizations are adopting sales
force automation to enhance their performance and productivity, which is
boosting up the current market in the forecast period. Moreover, increased
customer satisfaction and demand is one of the major growth driving factors for
the global market. In addition, the increase in employee efficiency is
enhancing the current market growth. Apart from this, the increased adoption of
sales force automation and increasing advanced technologies across several
sectors are bringing lucrative opportunities for the worldwide market during
the forecast timeframe.
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Further, the lockdown restrictions across
various countries have resulted in financial losses and disturbed the normal
industry functioning, which has hampered global market growth. In addition, the
worldwide market growth might face restraints because of the high cost involved
in the sales force automation’s implementation. Moreover, the global Sales
Force Automation Market might experience major challenges due to the lack
of skilled workers for managing the sales force automation.
Market Segmentation
According to the SalesForce Automation Market
report, the global market has been segmented into different segments on the
basis of software, function organization type, and end-users.
On the basis of the software segment, the global
market has been classified into an on-premises sales force automation system, a
cloud-based sales force automation system, and a SaaS or software-as-a-service
salesforce automation system. Based on the organization type segment, the
worldwide market is fragmented as small-scale enterprises, large-scale
enterprises, and medium-scale enterprises.
In terms of the end-user segment, the Sales
Force Automation Market has been segregated into different sectors,
including media and entertainment, automotive, healthcare, BFSI, financial
sector, and others. Among all segments, the BFSI segment is projected to hold
the leading position in 2016, and further, it is estimated to continue the same
in the upcoming years.
Regional Analysis
Based on regional segment, the Sales Force
Automation Market has been spread across various parts such as North
America, Asia-pacific, Europe, and others.
Of these, North America is predicted to acquire
the largest market share in the assessment timeframe. This region is propelling
market growth due to the presence of leading market players in the region.
Also, the increased customized solutions development for elevating customer
satisfaction is another major driving factor fueling the regional market
growth.
Furthermore, the European region is expected to
grow rapidly during the research years. Apart from that, the Asia-Pacific
region consists of countries like India, Japan, and China, which largely contribute
to the sales force automation and expect to contribute the same in the upcoming
years.
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Frequently Asked Questions
1. What factors will challenge the Sales Force
Automation market growth?
2. Which end-use segment will expand at the
fastest CAGR in the Sales Force Automation market?
3. Which are the emerging players in the Sales
Force Automation market?
4. How concentrated is the Sales Force Automation
market?
5. Which factors are positively contributing to
the Sales Force Automation market growth?
6. Which are the novel product innovations in the Sales
Force Automation market?
7. Which product segment will emerge as the most
lucrative in the Sales Force Automation market?
8. Which factors are increasing the competition
in the Sales Force Automation market?
Industry News
In 2019, the market player Salesforce.com Inc.
brought significant updates in its sales force automation solutions. It is
called Lightning, which is proposed to provide more user-friendly services and
to uplift sales productivity in the future.
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