Global Sales Performance Management Market Size, Forecasts, And Opportunities – Includes Sales Performance Management Market Growth
Learn about the global sales performance management market through The Business Research Company, which provides information on sales performance management market size, sales performance management market drivers and restraints, sales performance management market players, the COVID-19 impact on the sales performance management market, and more.
The global sales performance management market size is expected to grow from $4.77 billion in 2021 to $5.68 billion in 2022 at a compound annual growth rate (CAGR) of 19.3%. The global SPM market size is expected to reach $10.47 billion in 2026 at a CAGR of 16.5%.
Increasing automation is expected to propel the growth of the SPM market going forward.
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The sales performance management (SPM) market consists of sales of the sales performance management solutions and services by entities (organizations, sole traders, and partnerships) that are used to track sales performance and set up to meet or exceed the company’s 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 efficiency and effectiveness. The capabilities of SPM are incentives compensation management, quota management and planning, territory management, advanced analytics, and gamification.
Global Sales Performance Management Market Segments Include:
By Component: Solutions, Services
By Organization: Large Enterprises, Small and Medium-Sized Enterprises (SMEs)
By Deployment: On-Premises, Cloud
By Vertical: BFSI, Telecommunications, Manufacturing, Energy and Utilities, Consumer Goods and Retail, Healthcare and Pharmaceuticals, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the sales performance management market in 2021.
New product innovations have emerged as the key trend gaining popularity in the SPM market. Major companies operating in the SPM sector are focused on developing new innovative products to strengthen their position.
TBRC’s sales performance management market report covers:
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, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Sales Performance Management Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides sales performance management market overviews, analyzes and forecasts market size, share, sales performance management market players, sales performance management market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s sales performance management market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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