North America 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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Market Report Description
The North America Sales Performance Management Market would witness market growth of 12.3% CAGR during the forecast period (2020-2026). Sales Performance Management is not only the automating processes. It can be considered as digital transformation acceleration software. With the help of this software, a company will be capable of transforming data into strategic insights in order to take the profitable decisions for the company and eventually boost growth.
By offering a holistic view of the performance and processes, sales performance management solutions can develop a vigorous sales ecosystem. This aspect allows the leadership to achieve better transparency and an organized look into the well-being of selling teams. Eventually, it helps an organization to achieve five major aspects: Plan, Manage, Incent, Analyze, and Forecast. In order to achieve operational sales management, locating an ideal Sales Performance Management provider is necessary.
The rapid evolvement of Sales Performance Management enables businesses to speed up their digital transformation and manage rapidly changing market conditions & economic shifts. It boosts operational sales management (OSM), which eventually implies that the company become capable to design & manage territories, quotas, & incentives in an effective manner, and can take the help of strategic insights to direct that planning across the whole tech stack.
The growth of the global sales performance management market is anticipated to be fueled by the rising need for precise measurement and monitoring of sales metrics, early installation of the technology, and reducing the IT staff. Moreover, market growth is also boosted by the fact that the companies prefer a customizable, simplified, and flexible system in order to control and provide analytics on the basis of their sales performance.
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 U.S., Mexico, Canada, and Rest of North America.
The US market dominated the North America Sales Performance Management Sales Performance Analytics & Reporting Market by Country 2019, and would continue to be a dominant market till 2026. The Canada market is experiencing a CAGR of 12.8% during (2020 - 2026). Additionally, The Mexico market would witness a CAGR of 11.8% during the forecast period.
The On-premise market dominated the Canada Sales Performance Management Market by Deployment Type 2019, thereby, achieving a market value of $90.6 million by 2026. The Cloud market would showcase highest CAGR of 16.2% 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
- Rest of North America
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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