Sales performance management (SPM) Market Increasing At A Good Pace To Reach USD 10.12 Billion by 2032

The prominent companies in the sales performance management market are SAP, Oracle, Xactly, NICE, Salesforce, Varicent, Microsoft Corporation, IBM Corporation, Performio, Optymyze, Iconixx, Axtria, Gryphon Networks, and CellarStone, among others. These players are claimed to augment the global sales performance management market.

According to the analysts at Zion Market Research, the global sales performance management market was accounted for USD 2.41 Billion in 2023 and is expected to reach USD 10.12 Billion by 2032, growing at a CAGR of 17.3% from 2024 to 2032.

This review is based on a report by Zion Market Research, titled “Sales Performance Management Market by Solutions (Incentive Compensation Management (ICM), Sales Planning and Monitoring, Sales Performance Analytics and Reporting, Territory Management, and Others), by Services (Training and Education, Support and Maintenance, Consulting Services, and Integration and Implementation), by Organization Size (Large Enterprises, and Small and Medium-sized Enterprises (SMEs)), by Deployment Model (On-premises, and Cloud-based), by Industry Vertical (Banking, Financial Services, and Insurance (BFSI), Healthcare and Pharmaceuticals, Manufacturing, IT and Telecommunications, Consumer Goods and Retail, Energy and Utilities, Media and Entertainment, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2024 – 2032.”

Increasing Demand For Highly Efficient Tools To Boost The Sales Performance Management Market

One of the major factors driving the global sales performance management market is the demand for highly efficient tools to monitor and train the employees of organizations regarding customer services and product sales. SPM assists in the forecasting and completing quota by concentrating on processes and adopting innovative tools to aid employees for channel personal and individual sales. The ability of the product to track information about job forecasting & evaluation, incentive compensation, sales quotas, and territories is fueling the growth of the global sales performance management market. SPM is highly utilized in various sectors like healthcare, educations institutes, banking institutions, and many others. The high investments by prominent market players in predictive analysis to improve sales performance is bolstering the growth of the global market. The on-going trend of automating the sales performance management by small and medium enterprises to streamline their business process is boosting the growth of the global sales performance management market. Moreover, the integration of video-audio meeting and conference programming interfaces enhances the productivity and personalization to enable customer agent engagements. The growing inclination of people toward the SPM solutions is anticipated to strengthen the global sales performance management market during the forecast period.

North America To Dominate The Global Sales Performance Management Market

North America accounts for the largest share in the global sales performance management market due to the strong economic landscape. Moreover, the growth in technological advancements and high adoption of digital assistance to improve workplace efficiency is also supporting the regional market growth.

Browse the full “Sales Performance Management Market by Solutions (Incentive Compensation Management (ICM), Sales Planning and Monitoring, Sales Performance Analytics and Reporting, Territory Management, and Others), by Services (Training and Education, Support and Maintenance, Consulting Services, and Integration and Implementation), by Organization Size (Large Enterprises, and Small and Medium-sized Enterprises (SMEs)), by Deployment Model (On-premises, and Cloud-based), by Industry Vertical (Banking, Financial Services, and Insurance (BFSI), Healthcare and Pharmaceuticals, Manufacturing, IT and Telecommunications, Consumer Goods and Retail, Energy and Utilities, Media and Entertainment, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2024 – 2032.” Report at https://www.zionmarketresearch.com/report/sales-performance-management-market

The global sales performance management market is segmented as follows:

By Solutions

• Incentive Compensation Management (ICM)
• Sales Planning and Monitoring
• Sales Performance Analytics and Reporting
• Territory Management
• Others

By Services

• Training and Education
• Support and Maintenance
• Consulting Services
• Integration and Implementation

By Organization Size

• Large Enterprises
• Small and Medium-sized Enterprises (SMEs)

By Deployment Model

• On-premises
• Cloud-based

By Industry Vertical

• Banking, Financial Services, and Insurance (BFSI)
• Healthcare and Pharmaceuticals
• Manufacturing
• IT and Telecommunications
• Consumer Goods and Retail
• Energy and Utilities
• Media and Entertainment
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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