Saturday, May 25, 2019

Global Sales Performance Management Market Insights, 2019 to 2024 - Anticipating a CAGR of 13.09%, with Sales Monitoring & Planning to Hold Major Share - ResearchAndM

BWW News Desk
March 15, 2019

The a referrerpolicyunsafeurl targetblank hrefhttpswwwresearchandmarketscomresearchf3p5w4globalsalesw4 relnofollowSales Performance Management Market Growth Trends and Forecast 2019 2024a report has been added to strongResearchAndMarketscomsstrong offering pblockquotep idpullquotepblockquote p The global sales performance management market was valued at USD 25033 million in 2018 and is expected to register a CAGR of 1309 over the forecast period 20192024 p p Sales performance management provides tools and information required by the sales representatives ensures efficiency and accuracy According to IBM USD 14 million was saved through a 90 reduction in overpayments with incentive compensation management tools It also resulted in achieving a 204 ROI p p The increasing need for accurate measurement and tracking of sales metrics early adoption of the technology and mitigation for IT staff are expected to drive the market growth over the forecast period p p The companies are demanding a customizable streamlined and flexible system to manage and offer analytics based on their sales performance which is likely to boost the market growth over the next six years p p Smartphones and tablets are increasingly incorporated as sales performance management components to easily offer the aforementioned facilities and ascend the functionality which is projected to augment the market p p strongKey Market Trendsstrong p p emSales Monitoring amp Planning to Hold Major Shareem p p Sales monitoring and planning allow the company to view the current status of each day with minimal effort which mitigates the time taken through conventional monitoring and planning p p The companies with high sales volume usually have distributed sales planning across diverse systems which is timeconsuming and offering reports on the same is a challenging task This may lead to unrealistic data delayed activities and hindered decision making p p By incorporating sales planning and monitoring software the data can be processed and visualized precisely and in a simple manner With the bolstering growth of sales data the solution is expected to witness growth over the next six years p p emNorth America to Hold Major Shareem p p North America is the largest economy in the world The newly found investments from the National Outer Continental Shelf Oil and Gas Leasing Program National OCS Program for 20192024 in the United States are presenting new opportunities p p The program is expected to allow offshore exploratory drilling in about 90 of the OCS acreage which brings a positive outlook to all the secondary markets like BFSI logistics and manufacturing in the region increasing opportunity for the sales force to compete for providing required machinery and in turn increasing the demand for SPM p p The region is well known as the hub for major consumer electronics and software giants in the world like Google Microsoft SAP and Oracle These companies actively contribute to the demand for SPM in the region as they invoke severe marketing strategies to gain clients from all over the world p p strongCompetitive Landscapestrong p p The sales performance management market has gained a competitive edge in recent years In terms of market share few of the major players currently dominate the market These major players with a prominent share in the market are focusing on expanding their customer base across foreign countries p p These companies are leveraging on strategic collaborative initiatives to increase their market share and profitability In Feb 2017 Xactly acquired sales performance management provider Oberoa With the acquisition Xactly added ASC 606 IFRS 15 sales planning and incentivemanagement ICM capabilities to its enterprise SPM portfolio p p strongTopics Coveredstrong p p strong1 Introductionstrong p p 11 Study Deliverables p p 12 Study Assumptions p p 13 Scope of the Study p p strong2 Research Methodologystrong p p strong3 Executive Summarystrong p p strong4 Market Dynamicsstrong p p 41 Market Overview p p 42 Industry Attractiveness Porters Five Forces Analysis p p 43 Introduction to Market Drivers and Restraints p p 44 Market Drivers p p 441 Demand for improved sales channel and performance p p 442 Increasing Demand For Sales Mobility BYOD p p 45 Market Restraints p p 451 Lack of awareness and altering organizations structure p p strong5 Technology Snapshotstrong p p strong6 Market Segmentationstrong p p 61 By Solution p p 611 Incentive Compensation Management p p 612 Territory Management p p 613 Sales Monitoring amp Planning p p 614 Sales Analytics p p 615 Other Solutions p p 62 By Deployment Type p p 621 Onpremise p p 622 Cloud p p 63 By Service p p 631 Professional Service p p 632 Managed Service p p 64 By Enduser Vertical p p 641 BFSI p p 642 Manufacturing p p 643 Energy amp Utility p p 644 Healthcare p p 645 Other Enduser Verticals p p 65 Geography p p 651 North America p p 652 Europe p p 653 AsiaPacific p p 654 Latin America p p 655 Middle East amp Africa p p strong7 Competitive Landscapestrong p p 71 Company Profiles p p 711 Callidus Software Inc p p 712 Oracle Corporation p p 713 IBM Corporation p p 714 Xactly Corporation p p 715 SAP SE p p 716 Salesforcecom Inc p p 717 Globoforce Limited p p 718 Optymyze p p 719 CDK Global Inc p p 7110 NICE Ltd p p 7111 Anaplan Inc p p 7112 BEQOM SA p p 7113 Iconixx Corporation p p 7114 Incentives Solutions p p 7115 Axtria Inc p p 7116 Obero Inc p p 7117 Performio Solutions Inc p p strong8 Investment Analysisstrong p p strong9 Market Opportunities and Future Trendsstrong p p For more information about this report visit a referrerpolicyunsafeurl targetblank hrefhttpswwwresearchandmarketscomresearchf3p5w4globalsalesw4 relnofollowhttpswwwresearchandmarketscomresearchf3p5w4globalsalesw4a p pimg referrerpolicyunsafeurl alt srchttpsctsbusinesswirecomctCTidbwnewsampsty20190315005459r1ampsidweb01ampdistronxamplangen stylewidth0height0span classbwct31415p

SOURCE: BUSINESS WIRE. ©2015 Business Wire

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