| This report contains COVID-19 specific updates.
Customer Relationship Management (CRM) Software: Global Markets
Report Highlights
The global CRM software market reached $56.2 billion in 2022 and should reach $103.5 billion by 2027, with a compound annual growth rate (CAGR) of 13% during the forecast period of 2022-2027.
Report Includes
- 48 data tables and 34 additional tables
- A brief general outlook of the global markets for customer relationship management (CRM) software
- Analyses of the global market trends, with historic market revenue data (sales figures) for 2021, estimates for 2022, forecasts for 2023 and 2025, and projections of compound annual growth rates (CAGRs) through 2027
- Estimation of the actual market size and revenue forecast for the global CRM software market, and corresponding market share analysis based on the component, deployment, organization size, application, end-use industry, and region
- Identification of viable technology drivers through a comprehensive look at various forms of CRM software, application industries, and adoption of CRM solutions across a broad spectrum of industry verticals
- Assessment of the global competitive landscape with an analysis of key market positing and global shares, as well as strategies for key solution providers of CRM software and related cloud computing technologies
- Discussion of the key underlying trends (both current and emerging) related to CRM software market, value chain analysis, regulatory environment, use cases, and the impact of industry-specific and region-specific macroeconomic variables on the progress of this market
- A relevant patent analysis on CRM software technologies and review of recent key granted patents
- Company profiles of major players within the industry, including Adobe Inc., Microsoft, Sage Group plc., Salesforce Inc., SAP SE, and ServiceNow
Report Scope
This report provides an overview of the global market for customer relationship management (CRM) software and analyzes market trends. Using 2021 as the base year, the report provides estimated market data for the forecast period 2022 through 2027. Revenue forecasts for this period are segmented based on component, deployment, organization size, application, end-use industry and region.
The report also focuses on the major trends and challenges that affect the market and the competitive landscape. It explains the current market trends and provides detailed profiles of the major players and strategies to enhance market presence. The report estimates the size of the global CRM software market in 2021 and provides projections of the expected market size through 2027.
Frequently Asked Questions (FAQs)
- Growing adoption of customer relationship management among developing nations owing to digital transformation.
- Increasing need for customer retention.
- Integration of social media channels into CRM platforms.
- SAP SE.
- ServiceNow.
- SugarCRM Inc.
- Verint Systems Inc.
- Zendesk.
- Zoho Corporation Pvt. Ltd.
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
Report Synopsis
| Report Metrics | Details |
|---|---|
| Base year considered | 2021 |
| Forecast period considered | 2022-2027 |
| Base year market size | $50.3 billion |
| Market size forecast | $103.5 billion |
| Growth rate | CAGR of 13% for the forecast period of 2022-2027 |
| Units considered | $ Millions |
| Segments covered | Business Segment, Deployment, Organization Size, Application, End-Use Industry |
| Regions covered | North America, Europe, Asia-Pacific, Latin America, Middle East and Africa |
| Countries covered | U.S., Canada, Mexico, U.K., Germany, Rest of Europe, China, India, Japan, Rest of Asia-Pacific, Brazil, Rest of Latin America |
| Key Market Drivers |
|
| Companies studied | ADOBE INC. , HUBSPOT INC. , INFOR , MICROSOFT , NICE , ORACLE , PEGASYSTEMS INC. , SAGE GROUP PLC , SALESFORCE INC. , SAP SE , SERVICENOW , SUGARCRM INC. , VERINT SYSTEMS INC. , ZENDESK , ZOHO CORP., PVT. LTD. |
Report Highlights
The global market for customer relationship management (CRM) software should grow from $48.5 billion in 2019 to $85.8 billion by 2024 with a compound annual growth rate (CAGR) of 12.1% for the period of 2019-2024.
Report Includes
- 81 data tables and 16 additional tables
- A brief outline of the global market for Customer Relationship Management (CRM) software/solutions
- Analyses of the global market trends, with historical data from 2018, 2019, and projections of compound annual growth rates (CAGRs) for a five-year forecast through 2024
- Discussion of key underlying trends (both current and emerging) related to this technology, industry overview, regional factors and govt. enforced regulations that shape and influence the overall market dynamics
- Assessment of the global competitive landscape with an analysis of market positing and market shares, as well as strategies for key solution providers of CRM software and related cloud computing technologies
- Identification of viable technology drivers through a comprehensive look at various forms of CRM software, application industries, and adoption of CRM solutions across a broad spectrum of industry verticals
- Patent analysis with data corresponding to CRM software design innovations, developments and deployments
- Evaluation of current market size, market forecast, and market share analysis of the leading players of the industry
- Detailed company profiles of the market leading corporations including Adobe Inc., Hubspot Inc., Microsoft Corp., Pegasystems Inc., Verint Systems Inc., and Zoho Corp.