Partner Relationship Management Market Research Report

 

Growth opportunities in the Partner Relationship Management Market look promising over the next six years. This is mainly due to the introduction of measures to sustain relationships between vendors and their channel partners, along with facilitating the companies to streamline and customize the business operations.

Request for a FREE Sample Report on Partner Relationship Management Market

Partner Relationship Management Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

Several prominent drivers responsible for the growth of the global partner relationship management market include the prerequisite to control the operational relation between organizations and external partner channels and emphasize on the advancement of partner communication and the cutback in the expenses of channel management. As per the present scenario of the market, companies are encountering difficulties in differentiating their offerings. Companies are right away reaching out to sales partners to promote swift growth. These partnerships empower enterprises to establish new territories. Channel managers disclose new market opportunities and offer a branded solution to their partners to gain channel loyalty. The need to create a functional relationship between corporations and external partner channels is projected to strengthen the partner relationship management market size.

In addition, the widespread outbreak of the coronavirus pandemic negatively influenced the market growth. Organizations are mainly implementing PRM solutions to improve coordination between their business functions and channel partners. The solutions promoted companies in automating customer service functions and reducing manual processing costs related to promotional funds, order management, warranties, and returns processing. The deployment of PRM solutions, either in the cloud or on-premises, assists companies to maintain consistency and authenticity across their partner management. However, data protection and privacy perspectives restraining the market growth.

Component Segment Drivers

Based on the Component, Solution is projected to witness a higher CAGR during the forecast period. This is primarily because they serve the companies in mechanizing customer service functions and limiting manual processing costs related to promotional funds, order management, warranties, and returns processing. Due to such features offered by these solutions, their need across industry verticals is predicted to increase in the near future. Moreover, prominent reasons behind the decline of PRM solutions during the COVID-19 pandemic across the globe are contracted profit margins and less allocation of IT budgets, leading to low investments in new subscriptions. The demand for consulting, execution and incorporation services has also reduced with low technology disbursement on new subscriptions.

Partner Relationship Management Market’s leading Manufacturers:

·        Mindmatrix Inc.

·        ZINFI Technologies, Inc.

·        LogicBay

·        Salesforce.com, inc.

·        Channeltivity, LLC

·        Zift Solutions

·        Magentrix Corporation

·        Impartner Inc.

·        Channeltivity, LLC

Partner Relationship Management Market Segmentation:

Segmentation by Solutions

·        Engage

·        Collaborate

·        Manage

·        Services

·        Managed services

·        Training, Consulting, and Implementation

Segmentation by Deployment Type

·        On-premises

·        Cloud

Segmentation by Organization Size

·        Large Enterprises

·        Small & Medium Enterprises (SMEs)

Segmentation by Vertical

·        BFSI

·        Retail and Franchising

·        Healthcare and Life Sciences

·        Manufacturing

·        IT and Telecom

·        Other

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

Post a Comment

Popular posts from this blog

Hi-Fi System Market Research Report

 Growth opportunities in the Hi-Fi system market look promising over the next six years. This is mainly due to the rising demand for portable devices such as smartphones, and laptops, the continuous technological advancement in the Hi-Fi systems, like integration of AI and machine learning, and the increasing penetration of the internet. Request for a FREE Sample Report on Hi-Fi System Market Hi-Fi System Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis) Key Drivers The augmenting demand for portable devices and the growing need for infotainment services are the crucial drivers fuelling the growth of the global Hi-Fi system market .  Rising portable device demand such as laptops, tablets, and smartphones strengthens the demand for wireless audio products in the HI-FI system market. Also, the ongoing technological developments in Hi-Fi systems, like the amalgamation of machine learning and artificial intelligence, are ...
Read more

Tight Gas Market Research Report

  Growth opportunities in the tight gas market look promising over the next six years. This is mainly due to the favourable government strategies, funds and aids for the gas production and the development of sophisticated technology. Request for a FREE Sample Report on Tight Gas Market Tight Gas Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis) Key Drivers One of the prominent drivers responsible for the growth of the global tight gas market includes the augmenting demand for million barrels each day. In accordance with the U.S. Energy Information Administration, the demand of the barrels from 2016 Q1 to 2017 Q1 augmented from 1 million in 2016 to more than 2 million in 2017, and the same trend is anticipated in the future, which will change the perspective of the market, thereby fulfilling the market demand. Also, the emergence of low-cost gas supplies from different sources will change over the chauffeurs of natura...
Read more

Vitreoretinal Surgery Devices Market Research Report

 Growth opportunities in the vitreoretinal surgery devices market look promising over the next six years. This is mainly due to the increasing technological advancements and the rise in the geriatric population coupled with the rising eye disorders. Request for a FREE Sample Report on Vitreoretinal Surgery Devices Market Vitreoretinal Surgery Devices Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis) Key Drivers The increase in the geriatric population across the world along with the surging number of eye disorders including diabetic retinopathy, detached retina, macular hole, and CMV retinitis, and the growing awareness concerned with eye health are the key drivers stimulating the growth of the global vitreoretinal surgery devices market. The use of vitreoretinal surgeries to treat various eye-related disorders, with the help of several procedures, is effective in restoring and improving vision. Furthermore, the ongoing t...
Read more