Global Sales Performance Management Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028

Global Sales Performance Management Market: Overview

"The Sales Performance Management Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."

Sales performance management is a process of monitoring and controlling the performance of an individual to enhance their skills to offer services or to sell products. A major goal of sales performance management is to teach and encourage people in sales to identify and accomplish goals to satisfy customer needs.

Sales performance management process contains various factors such as planning and developing goal, developing skills, and feedback and performance review. Sales performance management is also useful in performing task such as track incentive compensation, job forecasting and evaluation, sales quotas, and territories.

Sales performance management solution offers a software program to enhance the management process, this application can update several tasks in corporate performance management processes.

Global Sales Performance Management Market: Dynamics

Increasing adoption of sales performance management process and high investment in predictive analytics are factors expected to drive growth of the global sales performance management market.

Moreover, to make employees more creative, efficient, and productive various small and medium enterprises uses tools and software which is offered by sales performance management market, is another factor anticipated to drive growth of target market. Increasing demand for the symbiotic alliances is another additional factor expected to drive growth of the global sales performance market.

However, concerns related to security, unawareness about benefits of sales performance management, and high cost of tools and applications are some factors expected to hamper growth of the global performance management market.

Global Sales Performance Management Market: Segment Analysis

Among component segments, the cloud-based sales management segment is expected to account for largest revenue share in the global sales performance management market. Cloud-based sales performance management has largest revenue share owing to high usage of sales performance management software by small and medium enterprisers in order to improve management of end-to-end business process.

Among solution segments, the sales planning and sales forecasting segment is projected to account for largest revenue share in the global sales performance management market. Further, among end-use industry segments, the retail segment is anticipated to account for highest revenue share in the global sales performance management market.

Global Sales Performance Management Market: Region Analysis

North America market is anticipated to account for highest revenue share in the global sales performance management market. The major factor driving growth of the North America sales performance management market is increasing adoption level of sales performance management in various organisations.

Increasing adoption of sales performance management software in various fields such as telecom, IT, and BFSI is another factor expected to drive North America's global sales performance management market growth. Further, high adoption rate of these sales performance management tools and software in Asia Pacific countries such as in India and China is another factor expected to drive growth of the target market in Asia Pacific.

Global Sales Performance Management Segmentation:

Segmentation by Component:

• Software
• Cloud-based
• On-premise
• Services
• Managed
• Professional

Segmentation by Solution:

• Incentive Compensation Management
• Sales Planning
• Sales Forecasting
• Quota and Territory Management
• Talent Management
• Sales Analytics
• Sales Reporting

Segmentation by End-Use Industry:

• BFSI
• Retail
• Healthcare
• Telecom & IT

Segmentation by Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa