Customer relationship management Market to Rise at 11.6% CAGR till 2027; Increasing Number of Company Mergers and Acquisitions will Bode well for Market Growth, says Fortune Business Insights™

List of companies profiled in the Customer Relationship Management Market report: Copper CRM, Inc., Creatio, Freshworks, Inc. HubSpot, Inc., Infor, Inc., Infusion Software, Inc, Insightly, Inc., Microsoft Corporation, Oracle Corporation, Pipedrive, Salesforce.com, Inc.

/EIN News/ -- Pune, India, Feb. 11, 2021 (GLOBE NEWSWIRE) -- The global CRM market size is projected to reach USD 113.46 billion by the end of 2027. The integration of advanced concepts such as AI and IoT will emerge in favor of growth of the overall market in the coming years.. According to a report published by Fortune Business Insights, titled “Customer Relationship Management (CRM) Market Size, Share & COVID-19 Impact Analysis, By Component (Software, Services), By Deployment (On-Premises, Cloud), By Enterprise Size (Large Enterprises, SMEs), By Application (Marketing and Sales Automation, Customer Management, Lead Generation and Customer Retention, Customer Support and Contact Centre, Others), By Vertical (Banking, Financial Services and Insurance (BFSI), Manufacturing, IT and Telecommunications, Retail and Consumer Goods, Healthcare, Transportation and Logistics, Others) and Regional Forecast, 2020 – 2027,” the market was worth USD 47.79 billion in 2019 and will exhibit a CAGR of 11.6% during the forecast period, 2020-2027.

Request Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/customer-relationship-management-crm-market-103418

Customer relationship management (CRM) is a platform that helps organizations and businesses manage their relationships with customers as well as other businesses.  The increasing adoption of software as a service across numerous industry verticals will create several growth opportunities for the companies operating in the CRM market. The availability of open source as well as low-cost cloud platforms will lead to wider product adoption across the world. The presence of several large scale vendors will contribute to the growth of the market in the coming years. The increasing investments in the development of advanced CRM and the efforts put in to integrate the latest concepts such as artificial intelligence and IoT will emerge in favor of market growth. The ability of customer relationship management to simplify business management and operations will bode well for the growth of the market in the coming years.

Adoption of CRM Solutions has Risen During the Covid-19 Pandemic

The Customer Relationship Management (CRM) Market recent coronavirus outbreak has created huge panic among people as well as businesses across the world. Accounting to the rapid spread of the disease, governments have enforced strict lockdowns and advised social distancing practices. As a result, several businesses have been forced to shut down. Several businesses have implemented work from home policies. It is observed that CRM software has helped these organizations function seamlessly. Thus, the CRM market will benefit from the ongoing Covid-19 pandemic.

Ask For Customization: https://www.fortunebusinessinsights.com/enquiry/customization/customer-relationship-management-crm-market-103418

Increasing Number of Company Collaborations will Emerge in Favor of Market Growth

The Customer Relationship Management (CRM) Market recently encompasses several factors that have contributed to the growth of the overall market in the coming years. Among all factors, the increasing number of company mergers and acquisitions has had the highest impact on market growth. Accounting to the massive potential held by CRM in the IT sector, corporate businesses are looking to collaborate with CRM vendors across the world. In November 2017, Adobe Inc. announced that it has collaborated with Microsoft Corporation. The companies stated that this collaboration was aimed at the development of an integrated customer relationship management and content management solution. The companies will look to combine the resources of both organizations, with a bid to enhancing the operational performance of the CRM solution. Adobe Marketing will be used in tandem with Microsoft Dynamics 365; a step that will help the companies acquire a wider consumer base in the long run. This collaboration will not just benefit the companies but will also aid the growth of the overall CRM market in the coming years.

Click here to get the short-term and long-term impact of COVID-19 on this Electrolyzer Market.

Please visit: https://www.fortunebusinessinsights.com/customer-relationship-management-crm-market-103418

North America to Witness Considerable Growth; Increasing Product Adoption by Major Companies in this Region will Bode Well for Market Growth

The Customer Relationship Management (CRM) Market report analyses the latest market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in North America is projected to emerge dominant in the coming years. The increasing use of these solutions by large scale companies, especially in the United States will emerge in favor of the growth of the regional market. As of 2019, the market in North America was worth 15.84 billion and this value is projected to increase at a considerable pace in the coming years. The market in Europe will derive growth from the presence of several large scale CRM vendors in countries such as Germany, UK, and France.

List of companies profiled in the Customer Relationship Management (CRM) Market report:

• Copper CRM, Inc. (San Francisco, California)
• Creatio (Boston, Massachusetts)
• Freshworks, Inc. (California, United States)
• HubSpot, Inc. (Massachusetts, United States)
• Infor, Inc. (New York, United States)
• Infusion Software, Inc. (Keap) (Arizona, United States)
• Insightly, Inc. (California, United States)
• Microsoft Corporation (Washington, United States)
• Oracle Corporation (California, United States)
• Pipedrive (New York, United States)
• Salesforce.com, Inc. (California, United States)
• SAP SE (Walldorf, Germany)
• SugarCRM (California, United States)
• Teamgate.com (London, United Kingdom)
• Zoho Corporation Pvt. Ltd. (Tamil Nadu, India)

Quick Buy - Customer relationship management (CRM) market: https://www.fortunebusinessinsights.com/checkout-page/103418

Industry Developments:

July 2019 – Pipedrive, announced that it will be adding AI capabilities to its existing CRM software. Through the integration of AI, Pipedrive will look to enhance its CRM solutions and subsequently acquire a wider consumer base.

Table Of Content:

• Introduction
  • Definition, By Segment
  • Research Methodology/Approach
  • Data Sources
• Executive Summary
• Market Dynamics
  • Macro and Micro Economic Indicators
  • Drivers, Restraints, Opportunities and Trends
  • Impact of COVID-19
    • Short-term Impact
    • Long-term Impact
• Competition Landscape
  • Business Strategies Adopted by Key Players
  • Consolidated SWOT Analysis of Key Players
  • Porter’s Five Force Analysis
  • Global Customer Relationship Management (CRM) Market Share Analysis and Matrix, 2019
• Key Market Insights and Analysis, By Segments
• Global Customer Relationship Management (CRM) Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027
  • By Component (Value)
    • Software
    • Services
  • By Deployment (Value)
    • On-Premises
    • Cloud
  • By Enterprise Size (Value)
    • Large Enterprises
    • SMEs
  • By Application (Value)
    • Marketing and Sales Automation
    • Customer Management
    • Lead Generation and Customer Retention
    • Customer Support and Contact Centre
    • Others (Social Media Management, CRM Analytics, etc.)
  • By Vertical (Value)
    • Banking, Financial Services and Insurance (BFSI)
    • Manufacturing
    • IT and Telecommunications
    • Retail and Consumer Goods
    • Healthcare
    • Transportation and Logistics
    • Others (Government, Media and Entertainment, Education, Etc.)
  • By Region (Value)
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • Latin America

TOC Continued...!

Have Any Query? Speak To Analyst: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/customer-relationship-management-crm-market-103418

Have a Look at Related Research Insights:

Virtual Meeting Software (3D Virtual Event) Market Size, Share & Industry Analysis, By Type (VR Headset, Without VR Headset), By Function (Virtual Event, Video Conferencing, Mobile Event App, Event Management, Lead Retrieval, Attendee Management, Gamification, and Others), By Deployment (On-premises and Cloud), By Enterprises Size (Small & Medium Enterprises and Large Enterprises), By Industry and Regional Forecast, 2020-2027

Base Station Antenna Market Size, Share & COVID-19 Impact Analysis, By Type (Omni Antenna, Sector Antenna, Dipole Antenna, Multibeam Antenna, Small Cell, and Others), By Technology (3G, 4G/LTE, and 5G), By Application (Mobile Communication, Intelligent Transport, Industrial IoT, Smart City, Military and Defense, and Others), and Regional Forecast, 2020-2027

Robotic Sensors Market Size, Share & COVID-19 Impact Analysis, By Type (Light Sensor, Tactile Sensor, Temperature Sensor, Pressure Sensor, Navigation and Positioning Sensors, Proximity Sensor, Others), By End Use Industry (Aerospace and Defense, Automotive, Chemicals, Consumer Electronics, Energy and Utility, Food and Beverages, Healthcare, Logistics and Transportation, Manufacturing, Agriculture, Others) and Regional Forecast, 2020-2027

Contact Center as a Service Market Size, Share & COVID-19 Impact Analysis, By Function (Interactive Voice Response (IVR), Multichannel, Automatic Call Distribution, Computer Telephony Integration (CTI), Reporting and Analytics, and Others), By Enterprise Size (Large Enterprises and Small & Medium Enterprises), By Industry (BFSI, IT and Telecommunications, Government, Healthcare, Consumer Goods & Retail ), and Regional Forecast, 2020-2027

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. 

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data. 

At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US: +1-424-253-0390
UK: +44-2071-939123
APAC: +91-744-740-1245
Email: sales@fortunebusinessinsights.com
Fortune Business Insights™
LinkedIn | Twitter | Blogs

Read Press Release https://www.fortunebusinessinsights.com/press-release/global-customer-relationship-management-crm-market-10148