Global Sales Force Automation Software Market, By Application (Lead Management, Sales Forecasting, Order and Invoices Management, Opportunity Management, Others), Deployment Type (Cloud, On- Premises), Industry Vertical (Automotive, Media and Entertainments, Healthcare, Retail, Telecom, Food and Beverage, BFSI, Others), Organization Type (Small-Medium Scale Size Enterprise, Large Scale Enterprises), Software (On-premise Salesforce automation system, Software-as-a-service (SaaS) Salesforce automation system, Cloud-Based Salesforce automation system), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights Global Sales Force Automation Software Market
Data Bridge Market Research analyses that the sales force automation software market will exhibit a CAGR of 11.55% for the forecast period of 2022-2029 and is likely to reach the USD 14,709.6 million by 2029.
Sales force automation (SFA) software is a type of programming that makes acquiring, evaluating, and dispersing sales pipeline data easier. The SFA's major purpose is to minimize the amount of administrative work that individuals have to conduct manually. Managers can utilize SFA software to monitor salespeople's behaviour and performance while also developing new marketing strategies.
The sales force automation software market is being driven by the rising demand from BFSI. The upsurge in the demand for lead management is a major factor driving the market's growth. The rise in the demand for vision-guided robotic systems is driving up demand for sales force automation software market. Other significant factors such as upsurge in the demand for tracking management and increasing need for streamline in the sale processes will cushion the growth rate of sales force automation software market. Another vital factor is the development in the field of mobile telecommunication technology will accelerate the growth of sales force automation software market. Furthermore, technological advancements and rise in the popularity of cloud based CRM technology will influence the sales force automation software market for the forecast period mentioned above. Also, the increasing demand for reducing the duration of sales cycle will act as a major factor influencing the growth of sales force automation software market.
Moreover, the increase in the demand for business intelligence and insights and rise in the smartphone penetration will boost the beneficial opportunities for the sales force automation software market growth. Additionally, the growing demand for sales force automation in various sectors and increase in the adoption of 4G and 5G technology will act as market drivers that will further result in the enhancement of growth rate of sales force automation software market.
However, the negative impact of COVID-19 pandemic on the normal functioning of industries and growing data and security concern will hinder the growth of the sales force automation software market. . Also, the lack of skilled as well as trained professionals required for installations associated with software will further pose a challenge to the market. Other factors including less awareness about software act as market restrain and will further obstruct the growth rate of sales force automation software market.
This sales force automation software market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on sales force automation software market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Sales Force Automation Software Market Scope and Market Size
The sales force automation software market is segmented on the basis of application, deployment type, industry vertical, organization type, and software. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of application, the sales force automation software market is segmented into lead management, sales forecasting, order and invoices management, opportunity management, and others such as email integration, contact management, analytics, and relationship management.
- Based on deployment mode, the sales force automation software market has been segmented as cloud and on-premises.
- Sales force automation software market on the basis of industrial vertical is segmented into healthcare, automotive, media and entertainments, retail, telecom, food and beverage, BFSI, and others.
- The software segment of the sales force automation software market is segmented into on-premise salesforce automation system, software-as-a-service salesforce automation system and cloud-based salesforce automation system.
- On the basis of organization type the market is segmented into small-medium scale size enterprise, and large scale enterprises.
Sales Force Automation Software Market Country Level Analysis
The sales force automation software market is analysed and market size, volume information is provided by country, application, deployment type, industry vertical, organization type, and software as referenced above.
The countries covered in the sales force automation software market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the sales force automation software market during the forecast period of 2022-2029 and will continue to flourish its trend of dominance during the forecast period due to the increasing start-ups investing in the sales force automation software and development in mobile technology in this region.
The country section of the sales force automation software market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Sales Force Automation Software Market Share Analysis
The sales force automation software market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to sales force automation software market.
Some of the major players operating in the sales force automation software market are SugarCRM Inc., Aptean, Creatio, Infor, Oracle, Pegasystems Inc., SAP, Salesforce, Zoho Corporation Pvt. Ltd., Bullhorn, Inc., Microsoft, Technology Group International., ACG Infotech Ltd., Ayoka, L.L.C, Consensus Sales, Inc., eLeader., TechManyata Software Solutions Pvt. Ltd., Sage Group plc, IBM and Adobe, among others.