Global Sales Performance Management Market Estimated to Translate into a Revenue of US$8,138.1 mn by 2025

Albany, USA, 2018-Jun-11 — /EPR Network/ —Evaluated at US$2,296.0 mn in 2017, the opportunities in the global sales performance management (SPM) market are estimated to translate into a revenue of US$8,138.1 mn by 2025, with the demand expanding at a formidable CAGR of 17.1% during the forecast period of 2017 to 2025. SPM tools are highly useful for organizations to train and monitor their workforce pertaining to product sales and customer services. Sales performance management also helps in forecasting and achieving quota usually by focusing on processes and utilizes innovative tools to help individual sales and channel personnel. The SPM software are also used to track information about territories, sales quotas, incentive compensation, job forecasting and evaluation. Sales performance management services are broadly used in banking and financial service institutions, healthcare, telecom & IT, and retail among others.

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The global sales performance management market is exhibiting high growth prospects on the back of various factors such as growing focus on sales performance management procedures and massive investments in predictive analytics. Small and medium enterprises are automating their sales performance management with the help of these tools and software, making their employees more productive and efficient. Apart from this, vendors desire for capability enhancement and streamlining of business processes are some of the other factors that are expected to boost the sales performance management market in forthcoming years. On the other hand, data security concerns, lack of awareness regarding the benefits of SPM, and cost of these tools are obstructing the market from attaining its true potential.

Sales performance management market is bifurcated by component, solution and end-use Industry. By component, the global sales performance management market is segmented into software and services. Software segment is further categorized into on-premise and cloud-based. Among these, cloud-based sales performance management software deployment is the major segments which are expected to fuel the growth of this market over the forecast period. Furthermore, services segment is further categorized into managed services and professional services. Based on solution type, the sales performance management market is segmented into incentive compensation management, sales planning, sales forecasting, sales coaching, quota & territory management, talent management, others. Further, the others segment includes gamification, sales analytics, sales reporting, etc. Among these solution, sales forecasting and sales planning solutions are the key segment which are expected to enhance the growth of sales performance management market around the globe. On the basis of end-use industry, the global market is bifurcated into banking, financial services and insurance (BFSI), retail, healthcare, telecom & IT and others. Further, the other segment includes manufacturing, transportation and logistics, etc.

The report also includes competitive profiling of the key players associated with the sales performance management market around the globe. The important business strategies adopted by them, their market positioning, financials, SWOT analysis and recent developments have also been identified in the research report. The competitive landscape section of the report also gives an overview about the major contributing regions/countries by these key players in order to strengthen their market position in the future.

Some of the major players in global sales performance management market are Accent Technologies, Inc., Altify, Xactly Corporation, Anaplan, Inc., Callidus Software Inc., Entomo, Inc., Hybris AG, IBM Corporation, Microsoft Corporation, Oracle Corporation, Silvon Software Inc., and The Aberdeen Group. Details such as financials, business strategies, SWOT analysis, recent developments, and other such strategic information pertaining to these players has been duly provided as part of company profiling.

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Market Segmentation:

Sales Performance Management Market, by Component

• Software
  • Cloud-based
  • On-premise
• Services
  • Managed
  • Professional

Sales Performance Management Market, by Solution

• Incentive Compensation Management
• Sales Planning
• Sales Forecasting
• Sales Coaching
• Quota & Territory Management
• Talent Management
• Others (sales analytics, sales reporting, etc.)

Sales Performance Management Market, by End-use Industry

• BFSI
• Retail
• Healthcare
• Telecom & IT
• Others (Manufacturing, Logistics, etc.)

In addition, the report provides analysis of the Sales Performance Management Market with respect to the following geographic segments:

• North America
  • The U.S.
  • Canada
  • Rest of North America
• Europe
  • The U.K.
  • Germany
  • France
  • Rest of Europe
• Asia Pacific (APAC)
  • India
  • China
  • Japan
  • Rest of APAC
• Middle East and Africa (MEA)
  • GCC Countries
  • South Africa
  • Rest of MEA
• South America
  • Brazil
  • Rest of South America

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