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Customer Relationship Management Market To Gain Huge Traction Due To Rising Adoption in Various Industries To Increase Operational Efficiency And Reduce Cost of Marketing Till 2027 | Million Insights

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Customer Relationship Management Market To Gain Huge Traction Due To Rising Adoption in Various Industries To Increase Operational Efficiency And Reduce Cost of Marketing Till 2027 | Million Insights

August 30
11:38 2021
Customer Relationship Management Market To Gain Huge Traction Due To Rising Adoption in Various Industries To Increase Operational Efficiency And Reduce Cost of Marketing Till 2027 | Million Insights
Million Insights – World’s Fastest Growing Market Research Database
According to new report available with Million Insights, the global customer relationship management (CRM) industry report offers the most up-to-date data on current market scenario, trends and future outlook. This study provides numerous opportunities for market players to invest for research and development in the market.

The global Customer Relationship Management (CRM) Market is projected to reach USD 114.4 billion by 2027 and expected to grow with a CAGR of 14.2% over the forecast period, from 2020 to 2027, according to Million Insights. Increasing demand for new technologies to analyse capabilities, information to collect the data, and converting it into better consumer experience is expected to drive the market growth across various industries. In addition, merging of AI technology, big data, and CRM is expected to fill the gap between company strategies and customer expectations for better consumer experiences.

CRM solutions are expected to witness high adoption with a significant growth rate in the past couple of years. This growth is attributed to the growing awareness about the benefits associated with CRM solutions such as increase operational efficiency, and reduction in the cost of marketing. Companies across several industries are demanding for accessing data in real-time due to the rapid proliferation of mobile and cloud-based solutions. Moreover, a growing number of smart devices and internet users worldwide, service providers are coming up with Bring Your Own Device (BYOD) solutions, thereby, projected to propel the demand for CRM solutions in the marketing and sales domain across various industries.

To download the sample PDF of “Customer Relationship Management Market Report” please click here: https://www.millioninsights.com/industry-reports/customer-relationship-management-crm-market/request-sample

U.S. customer relationship management market

Digital optimization in order to increase current processes with the help of new technologies such as machine learning and artificial intelligence is a major factor influencing enterprises to adopt CRM solutions. For example, in 2018, Salesforce acquired Datorama, a cloud-based AI company. Datorama leverages machine learning and AI to offer marketing analytics and intelligence for marketing strategies and campaigns. Moreover, various service providers are offering integrated solutions with several social media platforms like LinkedIn, Twitter, and Facebook.

Europe customer relationship management market

To browse report summary & detailed TOC, please click the link below:
https://www.millioninsights.com/industry-reports/customer-relationship-management-crm-market

Further key findings from the report suggest:

• Due to COVID 19 pandemic, the value for leveraging technology such as customer relationship management is expected to gain traction.

• Among solutions, CRM analytics is projected to emerge as fastest growing segment during the forecast period. This growth is attributed to emergence of machine learning, artificial intelligence, coupled with integration of business intelligence in CRM software.

• In 2019, cloud deployment is the most preferred technology among enterprises and expected to retain its position throughout the forecast period.

• SMEs segment is projected to grow with fastest CAGR during the forecast period due to growing number of SMEs across the globe and their need to prioritize, identify and overcome business challenges.

• Among applications, discrete manufacturing is estimated to witness fastest CAGR from 2020 to 2027 due to better sales projection, improved customer services and efficient supply chain.

• Asia Pacific is projected to grow with the highest CAGR during the forecast period due to due to presence of developing countries such as China and India who possess large number of customer base.

• The major manufacturers operating in the customer relationship management market are Microsoft; Zoho; Netsuite Inc.; Insightly Inc.; Adobe; SAP; Oracle; SugarCRM; Creatio, and Salesforce.com.

Million Insights segmented the global customer relationship management market on the basis of solution, deployment, enterprise size, end use, and region:

CRM Solution Outlook (Revenue, USD Billion, 2016 – 2027)
    • Customer Service
    • Customer Experience Management
    • CRM Analytics
    • Marketing Automation
    • Salesforce Automation
    • Social Media Monitoring
    • Others

CRM Deployment Outlook (Revenue, USD Billion, 2016 – 2027)
    • On-premise
    • Cloud

CRM Enterprise Size Outlook (Revenue, USD Billion, 2016 – 2027)
    • Large Enterprise
    • Small & Medium Enterprise (SME)

Customer Relationship Management End-Use Outlook (Revenue, USD Million, 2016 – 2027)
    • BFSI
    • Retail
    • Healthcare
    • IT & Telecom
    • Discrete Manufacturing
    • Government & Education
    • Others

CRM Regional Outlook (Revenue, USD Billion, 2016 – 2027)
    • North America
        • U.S.
        • Canada
    • Europe
        • U.K.
        • Germany
    • Asia Pacific
        • China
        • India
        • Japan
    • Latin America
        • Brazil
    • Middle East & Africa

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About Million Insights      

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India
Website: https://www.millioninsights.com/industry-reports/customer-relationship-management-crm-market


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