Press release
Sales Performance Management Market Is Expected To Reach US$ 9.0 Billion By 2027 With CAGR 16.7%
Sales Performance Management Market
Sales performance management (SPM) is a set of operational and analytical functions that automate sales processes effectively. It comprises various solutions, such as incentive compensation management, territory management, sales planning and monitoring, and sales performance analytics and reporting. It assists in enhancing operational efficiency and effectiveness and improving the accuracy of plans and decision-making. Besides this, it aids in providing a transparent solution between the employees and the business. As a result, SPM is widely employed in the banking, financial services, and insurance (BFSI), IT and telecommunication, manufacturing, energy and utilities, and healthcare industries across the globe.
Sales Performance Management Market Trends:
At present, the increasing demand for automated SPM to enhance visibility and eliminate calculation inaccuracies represents one of the key factors strengthening the market growth. In addition, the growing adoption of SPM in the BFSI industry due to the rising need for audit, compliance, and visibility is offering a positive market outlook. Apart from this, the increasing utilization of SPM in organizations for monitoring, guiding, and increasing sales and services of products is propelling the growth of the market. Additionally, the rising integration of machine learning (ML) and data analytics in the SPM is offering lucrative growth opportunities to industry investors. Furthermore, key manufacturers are introducing new software that benefits in planning territory through a web portal for effective sales campaign management.
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Sales Performance Management Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Anaplan Inc.
Axtria Inc.
beqom SA
Iconixx Software Corporation
International Business Machines Corporation
Microsoft Corporation
NICE Ltd.
Oracle Corporation
com Inc.
SAP SE
Xactly Corporation.
Breakup by Solution:
Territory Management
Sales Analytics
Sales Planning and Monitoring
Incentive Compensation Management
Others
Breakup by Services:
Consulting Services
Managed Services
Training and Support
Others
Breakup by Organization Size:
Small and Medium-sized Enterprises
Large Enterprises
Breakup by Deployment Model:
On-premises
Cloud-based
Breakup by End User:
BFSI
IT and Telecom
Retail
Energy and Utilities
Travel and Hospitality
Transportation and Logistics
Healthcare
Others
Breakup by Region:
North America: (United States, Canada)
Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
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