The global sales performance management market is expected to grow at a rate of 16% through 2026
Global Sales Research Company Sales Performance Management Market Report 2022 – Global Market Size, Trends and Forecast 2022 – 2026
LONDON, GREATER LONDON, United Kingdom, July 20, 2022 /EINPresswire.com/ — According to the “Sales Performance Management Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026” published by The Business Research Company, the The performance management market size is expected to reach USD 10.47 billion in 2026 with a CAGR of 16.5%. Increasing automation is expected to propel the growth of the sales performance management market in the future.
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The Sales Performance Management (SPM) market includes sales of sales performance management solutions and services by entities (organizations, sole traders, and partnerships) that are used to track sales performance and configured to achieve or exceed corporate revenue goals. SPM is a set of operational and analytical capabilities that automate and combine back-office operational sales operations, with the goal of increasing operational effectiveness and efficiency. SPM’s capabilities are incentive compensation management, quota management and planning, territory management, advanced analytics, and gamification.
Global Sales Performance Management Market Trends
New product innovations have become the key trend gaining popularity in the SPM market. According to the analysis of the sales performance management industry, major companies are focusing on developing new innovative products to strengthen their position. For example, in January 2021, Salesforce, an American cloud-based software company, launched Loyalty Management, a solution that allows companies to create intelligent loyalty programs for B2B and B2C customers with a flexible, configurable and rapidly deployable that meets their specific needs in industries such as retail, consumer goods, manufacturing, travel and hospitality. Businesses can use this solution to develop more personalized customer experiences, modify loyalty programs to meet changing customer expectations, and help drive business value by generating loyal customers for life.
Segments of the Global Sales Performance Management Market
The global sales performance management market is segmented:
By Component: Solutions, Services
By organization: large enterprises, small and medium-sized enterprises (SMEs)
By deployment: on-premises, in the cloud
By Vertical: BFSI, Telecom, Manufacturing, Energy & Utilities, Consumer Goods & Retail, Healthcare & Pharmaceuticals, Other
By Geography: The global Sales Performance Management market report is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East & Africa. Of these regions, North America accounts for the largest share.
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The Global Sales Performance Management Market Report 2022 is part of a series of new reports from The Business Research Company that provides Sales Performance Management market overviews, analysis and size forecasts. and market growth for Global Sales Performance Management Market, Sales Performance Management Market Share, Sales Performance Management Market Segments & Geographies, Sales Management Market Players of the sales performance, revenue, profiles and market shares of the main competitors in the sales performance management market. The Sales Performance Management Market report identifies key countries and segments for opportunities and strategies based on market trends and key competitor approaches.
The TBRC Sales Performance Management Global Market Report 2022 includes information on the following:
Data segmentation: market size, global, by region and country, historical and forecast, and growth rate for 60 geographies
Major Market Players: SAP, Oracle, Xactly, Anaplan, Varicent, beqom, Salesforce, Iconixx, IBM Corporation, Callidus Software Inc., Gryphon Networks, CellarStone, Zoho Corporation Pvt. Ltd., and Microsoft Corporation.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, United States, South America, Middle East and Africa.
Country: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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