Sales Performance Management Market Research Report
Growth opportunities in the sales performance management
market look promising over the next six years. This is mainly due to the continuous
innovation in SPM market to encourage the players to raise investment in
audio-video conferencing tools.
Request
for a FREE Sample Report on Sales Performance Management Market
Sales Performance Management Market Dynamics
(including market size, share, trends, forecast, growth, forecast, and industry
analysis)
Key
Drivers
The augmenting automation to enhance visibility and evade
calculation mistakes is one of the most prominent drivers responsible for the
growth of the global sales
performance management market. The sales department experiences pressure
for automating reward plans and compensations, territory mapping with
continuous digitalization, and performance appraisals. In accordance with the
2019 Sales Compensation Administration Best Practice Study by Xactly,
approximately 83% of the organizations faced challenges concerned with payment
miscalculation on an average rate of higher than five percent.
The incorporation of audio-video conferencing application
programming interfaces to raise productivity and personalization has
strengthened the market size. The ongoing advancement in the SPM market has
persuaded the players to emphasize investing in audio-video conferencing tools
or Application Programming Interfaces (APIs) to allow the customer-agent
engagements and collect live interactions for the recognition of opportunities.
Oracle, in 2020 integrated Zoom with its Oracle Fusion Cloud Customer
Experience (CX) to enable sales and other teams to comprehend video into its
existing process. NICE, in 2020 amalgamated its platform with Zoom and
RingCentral to provide unified solutions for allowing remote employee
collaboration and distributed virtual contact centers. However, as per the
sales performance management market analysis, the doubtfulness among small and
medium-sized enterprises to elude extra costs or change the organization
structure curbs market growth.
Deployment
Type Segment Drivers
Based on the deployment type, the on-premises are projected
to witness a higher CAGR during the forecast period. This is mainly because of
the augmenting demand for customized solutions according to the business needs,
especially in large enterprises, and cooperation with data safety and privacy
concerns.
Regional
Drivers
Based on the regional coverage, North America is predicted
to expand at a faster CAGR during the forecast period. This is primarily
attributed to the excessive economic prospects accompanied by the growing
adoption of modern technologies and high digital acquisition at workplaces to
improve business processes. Moreover, the US and Canada are increasingly
choosing SPM solutions, and the prevalence of SPM solution providers, including
SAP SE, Xactly, Varicent, are propelling the sales performance management
market share.
Sales
Performance Management Market’s leading Manufacturers:
·
Salesforce.com, Inc.
·
Incentives Solutions Ltd.
·
Beqom
·
Anaplan, Inc.
·
Oracle
·
Optymyze
·
Performio
·
Varicent
·
NICE
·
SAP SE
Sales Performance Management Market Segmentation:
Segmentation by Component
·
Solutions
o
Incentive Compensation Management
o
Territory Management
o
Sales Planning and Monitoring
o
Others
·
Services
o
Consulting
o
Integration and Implementation
o
Training and Education
o
Support and Maintenance
Segmentation by Organization Size
·
Large Enterprises
·
Small and Medium-sized Enterprises
Segmentation by Deployment Type
·
On-Premises
·
Cloud
Segmentation by Vertical
·
Manufacturing
·
Consumer Goods and Retail
·
Healthcare and Pharmaceuticals
·
Energy and Utilities
·
Travel and Hospitality
·
Others
Segmentation by Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining countries of the
LAMEA region)
About GMI Research
GMI Research is a market research and consulting company
that offers business insights and market research reports for large and small
& medium enterprises. Our detailed reports help the clients to make
strategic business policies and achieve sustainable growth in the particular
market domain. The company's large team of seasoned analysts and industry
experts with experience from different regions such as Asia-Pacific, Europe,
North America, among others, provides a one-stop solution for the client. Our
market research report has in-depth analysis, which includes refined forecasts,
a bird's eye view of the competitive landscape, key factors influencing the
market growth, and various other market insights to aid companies in making
strategic decisions. Featured in the 'Top 20 Most Promising Market Research Consultants' list
of Silicon India Magazine in 2018, we at GMI Research are always looking
forward to helping our clients to stay ahead of the curve.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com
Comments