MRFR Analysts Predict Sales Force Automation Market to Surpass 18.65 Billion in Revenue by 2030: Get a Gist of the Industry

Sales Force Automation Market Analysis

According to a comprehensive research report by Market Research Future (MRFR), “Sales Force Automation Market, By Software, By Organization Type, By End-Users- Forecast 2030, the market is anticipated to acquire a valuation of approximately USD 18.65 Billion by the end of 2030. The reports further predict the market to flourish at a robust CAGR of over 10% during the assessment timeframe.

Sales Force Automation Market Drivers 

Rising Adoption of 5G Technology to Boost Market Growth 

The rising adoption of 5G technology will boost market growth over the forecast period. Increased use of 5G mobile technology will enable more seamless configuration and continuing data upgrades for sales force automation apps.

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Opportunities 

Elevating Need for Automation Software to offer Robust Opportunities 

The demand for automation software with specialized capabilities is increasing. These functions include information exchange among sales representatives, order processing, managing client contact information, inventory monitoring, control and reordering, sales forecasting, and order tracking. This will offer robust opportunities for the market over the forecast period. 

Sales Force Automation Market Key Players 

Eminent industry players profiled in the global sales force automation market report include-

• Aptean Software Company (U.S.)
• Bullhorn Inc.(U.S.)
• Microsoft Corporation (U.S.)
• NetSuite Inc. (U.S.)
• Oracle Corporation (U.S.)
• Pegasystems Inc. (U.S.)
• Sage Group Plc. (U.K)
• com Inc. (U.S.)
• SAP SE(Germany)
• SugarCRM (U.S.)
• Zoho Corp
• oration (India)

Restraints and Challenges 

Lack of Trained Professionals Remain as Market Restraint 

The lack of trained and skilled professionals needed for installations related to this software and less awareness regarding this software may act as market restraints over the forecast period. 

Sales Force Automation Market Segmentation

The sales force automation market has been bifurcated based on end users, software, and organization type. 

By organization type, large scale enterprises will lead the market over the forecast period. 

By software, the sales force automation market is segmented into cloud-based sales force automation system, SaaS salesforce automation system, and on-premise sales force automation system. 

By end users, the sales force automation market is segmented into media and entertainment, healthcare, financial sector, automotive, and others. 

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Sales Force Automation Market Regional Analysis 

North America to Head Sales Force Automation Market

Due to the existence of key industry participants, North America currently holds the biggest market share for sales force automation. Additionally, the market growth in this area is being driven by the rising creation of several customized solutions for increasing client satisfaction. Due to the existence of leading players and their investments in offering various customized solutions that include sales forecasting, call automation, proposal creation, product modeling, order management, and others for the satisfaction of the customers, North America is one of the leading regions in the world in terms of market share in sales force automation. In the following years, the sales force automation industry in Europe is anticipated to rise quickly. The largest revenue share in 2019 was over 50% for North America. The regional market is expanding primarily as a result of larger enterprises’ rising investments in sales automation.

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APAC to Have Admirable Growth in Sales Force Automation Market 

For important businesses, the expanding retail, banking and financial services, IT and telecom industries in Asia Pacific are creating new growth prospects. Large businesses in the region are making aggressive software investments now that apps for sales force automation powered by artificial intelligence are available. Significant investments in IT, technology, and innovation are projected to result from the “Made in India” program in India and China’s “Made in China 2025” effort. In order to personalize and unify consumer contact from numerous channels into a single integrated solution, SMEs and startups are also progressively investing in SFA. Due to the rising number of start-ups investing in sales force automation software and the advancement of mobile technologies in this region, Asia-Pacific is expected to continue to dominate the market for sales force automation software during the projected period of 2022-2029. Due to the increased demand for software from the retail, finance, and telecom industries, Asia Pacific will grow at the fastest CAGR between 2020 and 2027.

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