LAMEA Sales Performance Management Market By Component (Solution and Services), By Deployment Type (On-premise and Cloud), By Enterprise Size (Large Enterprises and Small & Medium Enterprises), By End User (BFSI, Travel & Hospitality, IT & Telecom, Healthcare, Manufacturing, Consumer Goods & Retail and Others), By Country, Industry Analysis and Forecast, 2020 - 2026
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The Latin America, Middle East and Africa Sales Performance Management Market would witness market growth of 17.2% CAGR during the forecast period (2020-2026).
Sales Performance Management (SPM) refers to a data-informed procedure that can help in planning, managing, and analyzing sales performance at scale, & boost revenue and support a company’s leadership position in its industry domain. In today’s highly competitive markets, SPM solution is increasingly becoming a necessity for companies to achieve agile operations.
It is possible to improve the management process using software programs provided by sales performance management solution. Moreover, the SPM tool is capable to upgrade various tasks in corporate performance management processes. Companies are enabled to provide training and tracking their workforce related to product sales and customer services using sales performance management software.
Sales performance management also aids in predicting and achieving quotas generally by focusing on processes and uses advanced tools to assist individual sales and channel personnel. Using sales performance management software, businesses can monitor information about territories, sales quotas, incentive compensation, job evaluation, and prediction. Sales performance management software finds considerable application in the field of healthcare, retail, telecom & IT, and banking & financial service institutions among others.
Based on Component, the market is segmented into Solution and Services. Solutions segment is further bifurcated across Sales Planning & Monitoring, Sales Performance Analytics & Reporting, Territory Management, Incentive Compensation Management and Others. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on End User, the market is segmented into BFSI, Travel & Hospitality, IT & Telecom, Healthcare, Manufacturing, Consumer Goods & Retail and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The Brazil market dominated the LAMEA Manufacturing Sales Performance Management Market by Country 2019, growing at a CAGR of 16.7 % during the forecast period. The Argentina market would witness a CAGR of 18.6% during (2020 - 2026). Additionally, The UAE market is exhibiting a CAGR of 17.6% during (2020 - 2026).
The Solution market dominated the South Africa Sales Performance Management Market by Component 2019, thereby, achieving a market value of $25 million by 2026. The Services market is estimated to grow at a CAGR of 20.4% during (2020 - 2026).
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include SAP SE, Oracle Corporation, NICE Ltd., Salesforce.com, Inc., Anaplan, Inc., Zoho Corporation Pvt. Ltd., Xactly Corporation, Beqom SA, Iconixx Software Corporation, and Varicent Software, Inc.
Scope of the Study
Market Segments Covered in the Report:
- Sales Planning & Monitoring
- Sales Performance Analytics & Reporting
- Territory Management
- Incentive Compensation Management
By Deployment Type
By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises
- Travel & Hospitality
- IT & Telecom
- Consumer Goods & Retail
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- SAP SE
- Oracle Corporation
- NICE Ltd.
- Salesforce.com, Inc.
- Anaplan, Inc.
- Zoho Corporation Pvt. Ltd.
- Xactly Corporation
- Beqom SA
- Iconixx Software Corporation
- Varicent Software, Inc.
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