Report ID: UCMIR45F2040
Report ID:
UCMIR45F2040 |
Region:
Regional |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The customer relationship management market in Canada was valued USD 2.2 billion in 2020, and it is expected to grow at a CAGR of 12.2% during 2021 and 2028.Because of the evolving character of the software in terms of functionality and features, the adoption of CRM software for customer relationship management is now gaining popularity in a variety of industries. CRM packages also allow firms to assess business performance & track sales trends, which is proving to be a valuable tool for businesses. Salesforce.com's strong expansion in recent years suggests that cross-selling to existing consumers with a base of installations for add-ons & upgrades is also helping to drive market growth.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Systems Software by segment aggregation, the contribution of the Systems Software in Software & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIR45F2040