Partner Relationship Management Market Projected to Hit USD 1,994.76 Million by 2026, At a 13.77% CAGR by 2026 – Report by Market Research Future (MRFR)
Research Reports
Oct 12, 2022
Partner Relationship Management Market Overview:
The Partner Relationship Management Market is expected to grow at a (CAGR) of 13.77% between 2016 and 2026.
PRM software to automate sales and marketing processes.
During the forecast period, the rising demand for automated sales processes is expected to drive growth in the global partner relationship management market. PRM software revolutionizes sales channel management by automating sales processes. Because it is a disparate system, the conventional sales process necessitates a massive workforce. The manual process is inaccessible to all partners, and reaching all customers to deliver novel promotional activities is difficult. As a result, businesses are turning to partner relationship management software to automate sales and marketing processes. As a result, these factors are expected to drive market growth over the forecast period. Rising revenue from partner channels is expected to propel the global partner relationship management industry. Over the forecast period, rising partner channel revenue is expected to propel the global partner relationship management (PRM) solution market. Increasing return on investment (ROI) is a key driver of PRM market growth.
Request a sample of this research report:
https://www.marketresearchfuture.com/sample_request/10569
The presence of competitive players in the Partner Relationship Management Market
Zinfi Technologies Inc., Salesforce.com Inc., Channeltivity (US), Oracle Corporation, Allbound Inc., Kiflo (France), Mindmatrix Inc, io (Canada), and Impartner are the prominent players that will dominate the global PRM market in 2020. These players prioritize partnership, acquisition, and collaboration to increase their market presence and gain a competitive advantage. Market participants emphasize strategic initiatives to strengthen their market position, such as partnerships, new product launches, joint ventures, and agreements and contracts.
Report Scope:
| Parameter | Details |
| Revenue Forecast in 2026: | USD 1,994.76 Million |
| Growth Rate: | CAGR of 13.77% from 2020 to 2026 |
| Forecast Period: | 2020 to 2026 |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Customized Partner Relationship Management as a trend:
Customized PRM solutions for various industry verticals can open up new business opportunities. PRM solutions represent a large potential opportunity because they are used in various industries and verticals, including BFSI, IT & telecommunications, healthcare, retail, and manufacturing. The BFSI and, IT & telecommunications verticals are among the first to adopt PRM solutions. Healthcare, manufacturing, and oil and gas are all lucrative revenue streams for PRM solution providers. As a result, vendors of PRM solutions, such as Salesforce.com, can concentrate on developing customized solutions to meet the specific needs of companies in these verticals. CRM that cannot manage a partner’s relationship can present excellent growth opportunities. It primarily emphasizes a customer-centric approach. As a result, CRM solution providers must concentrate on PRM functions to improve enterprise performance.
Browse Full Report: https://www.marketresearchfuture.com/reports/partner-relationship-management-market-10569
Customized Partner Relationship Management solutions as a constraint
The applications of prem-based solutions vary depending on the needs of the business. It is a complex process that aids in the management of various business requirements. As a result, PRM solutions are tailored to the size of business organizations, such as large, medium, and small businesses. Most of these businesses have outdated systems, which can be difficult for providers in the form market. As a result, the complex installation process and systems and the presence of old systems can make it difficult for the partner relationship management market to grow.
PRM Market Segmentation:
Partner Relationship Management Market By organization size:
- Medium and small size enterprises
- Large enterprises
PRM Market By component:
- Services
- Solutions
- Training
- Implementation
- Consultation
- Management
Partner Relationship Management Market By vertical:
- Franchise and retail
- Manufacturing
- Telecommunication and it
- Bfsi
- Life sciences and healthcare
Check Discount: https://www.marketresearchfuture.com/check-discount/10569
PRM Market By deployment:
- On-cloud
- On-premises
Partner Relationship Management (PRM) Market By region:
- Europe
- North america
- Asia-pacific
- Latin america
- The middle east and africa
Impact of COVID-19 on the Market
Due to a lack of customer support for dealing with challenges during remote work, the COVID-19 pandemic has had a negative impact on the partner relationship management market. Automating customer service functions and reducing costs associated with order management, warranties, returns processing, and promotional fund management can propel market growth. The deployment of PRM solutions in the cloud to maintain consistency among partners can boost the market.
Related Reports:
- Physical Internet Market Is Increase Due to the Growing Support Towards Zero Emission Logistics
- App Analytics Market is predicted to reach USD 8.13 Billion at a healthy CAGR of 17.3% by 2030 – Report by Market Research Future (MRFR)
- Fiber Optic Cable Market To Grow At USD 30541.56 Million by 2030 with a CAGR of 13.50%
- Software-Defined Networking (SDN) Market to Reach USD 37.71 Billion by 2030
- BIM Software Market to Grow at an Impressive CAGR of 13.75% by 2030
About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
Contact Information:
Contact Market Research Future (Part of Wantstats Research and Media Private Limited) 99 Hudson Street, 5Th Floor New York, NY 10013 United States of America +1 628 258 0071 (US) +44 2035 002 764 (UK) Email: sales@marketresearchfuture.com Website: https://www.marketresearchfuture.com
Tags:
PR-Wirein, Wire, Research Newswire, English