Customer Relationship Management Market is Growing Exponentially in Order to Gain More Demand by 2025
Customer relationship management is a tool, which is used to analyze and manage customers’ interaction throughout the customer life cycle. Increasing demand for software-as-a-service based CRM have accelerated growth of the market. Automated engagement, high customer service, improved experience, and rising scope of digital operations are some of major factors, which fuels demand for CRM software and solutions in various verticals. Social CRM have the capability to improve lead generation, which has led to increasing demand for these in various organization, in turn driving growth of the global CRM market.
Large organization segment is estimated to be dominant in the CRM market in 2017 and is projected to retain its dominance throughout the forecast period. These CRM software and solutions help companies to track return-on-investment and helps to improve the overall company sales. Furthermore, small and mid-size organization are expected to exhibit highest CAGR over the forecast period. Increasing demand for SaaS-based solutions, due to less investment in IT infrastructure and this has accelerated the segment growth in the market.
Request for Sample Copy of this Report :
Cloud-based segment held the dominant position in the market in 2016 and is projected to retain its dominance throughout the forecast period. Cost effectiveness, remote location access, less infrastructure investment, and enhanced flexibility are some of the advantages of cloud-based deployment, which increased demand for cloud solutions.
North America customer relationship management market is estimated to be dominant in 2017
On the basis of geography, the global customer relationship management market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America held the dominant position in the market in 2016 and is projected to retain its dominance throughout the forecast period. The U.S. and Canada are some of the major growth engines in this region. The market in North America is expected to exhibit high growth, due to presence of market leaders such as Salesforce, SAP, Oracle, Microsoft, and Adobe in the region. Furthermore, Asia Pacific region is expected to grow with the highest CAGR in the forecast period. India and China are some of the major growth engines in the market. Increasing numbers of SMEs is one of the major factors driving growth of CRM market in this region. For instance, according to Indian government Economic Survey, 2016, the country had over 19,000 technology-enabled startups in the same year.
Key Companies – Global Customer Relationship Management Market
Some of the major companies in the global customer relationship management market are Oracle Corporation, SAP SE, International Business Machines Corporation, Microsoft Corporation, SAS Institute, Inc., Accenture PLC, Infor, Teradata, Angoss Software Corporation, and Salesforce.
Request for Table of Content of this Report :
You may be interested
Multiplexed Diagnostic Market Future Demand Analysis with Forecast 2018 to 2026Mohit Joshi - December 18, 2018
Multiplexed Diagnostic Market Report 2018 look into the study is an exceptionally tenacious examination on aggressive scene investigation, prime makers, showcasing procedures examination, Market Effect Factor Analysis…
Nerve Biologic Products Market Benefit and Volume 2018 with Status and Prospect to 2026Nitin Gaydhane - December 18, 2018
Nerve Biologic Products Market Report 2018 look into the study is an exceptionally tenacious examination on aggressive scene investigation, prime makers, showcasing procedures examination, Market Effect Factor…
Citrus Flavors Market 2018-2026: Growth Rate, Market Drivers and Opportunities EvaluationAmol Bade - December 18, 2018
Citrus Flavors Market Report 2018 look into the study is an exceptionally tenacious examination on aggressive scene investigation, prime makers, showcasing procedures examination, Market Effect Factor Analysis…