USD 3.4 Billion
Report ID: SQMIG45E2063 | Region: Global | Published Date: November, 2022 | Pages: 157 | Tables: 117 | Figures: 68
The Sales Intelligence Market was valued at USD 3.4 Billion in 2021, and it is expected to reach a value of USD 6.54 Billion by 2028, at a CAGR of 9.78% over the forecast period (2022 - 2028).
The global sales intelligence industry has seen substantial transformations because of fundamental shifts in technology and economics throughout the world. The rapid technological advancement in the last two decades has undoubtedly enhanced the way industry professionals store and analyse data. As a result, the cost of acquiring and processing stock market data across verticals has decreased, opening new prospects for improvement in decision-making processes across businesses. Analytics has transformed the problem-solving paradigms of the sales intelligence business by reforming the operation of several aspects such as client profiling, lead generation, product suggestions, customer churn, sentiment analysis, and marketing and strategy.
US Sales Intelligence Market is poised to grow at a sustainable CAGR for the next forcast year.
Global Market Size
USD 3.4 Billion
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The Global Sales Intelligence Market is segmented based on component as software and services. Based on deployment model the Sales Intelligence Market is segmented as on-premises and cloud. Based on enterprise size the Sales Intelligence Market is segmented as large enterprises and SMEs. Based on application the Sales Intelligence Market is segmented as lead management, data management, analytics & reporting, and others. Based on industry vertical the Sales Intelligence Market is segmented as BFSI, IT & telecom, retail & e-commerce, healthcare, media & entertainment, and others. Based on region the Sales Intelligence Market is categorized into: North America, Europe, Asia-Pacific, South America, and MEA.
Sales Intelligence Market Analysis by Component
In terms of components, the software sector dominates the sales intelligence industry. Sales intelligence software is being developed by leveraging analytical algorithms and natural language processing (NLP) technology to identify sense in massive volumes of unstructured textual data. This is the primary cause for the market's rise in software sales intelligence. The services segment, on the other hand, is predicted to grow at the fastest rate throughout the forecast period, owing to increased demand for sophisticated technologies, content optimization, and data enrichment tools, which enhance sales intelligence algorithmic approaches.
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North America dominated the Global Sales Intelligence Market, accounting for 45% of worldwide revenue. The presence of many sales intelligence companies accounts for this high percentage. Sales intelligence platforms are being developed by many firms, including both tech giants and start-ups, for a variety of sectors. For instance, LinkedIn Corporation (U.S.) is one of the most preferred and trusted lead management applications. It offers the Sales Navigator platform to enable targeting the right companies and clients, along with personalized engagement. Over the predicted period, the Asia Pacific region is expected to increase significantly. FinTech organizations are dramatically expanding their efforts in sales intelligence, which is driving this rise
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Sales Intelligence Market Driver
Sales Intelligence Market Restraint
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Sales Intelligence Market vendors are working on growing their client base in order to acquire a competitive advantage in the business. As a result, important companies are pursuing a variety of strategic activities, such as mergers and acquisitions, partnerships, and collaborations with other industry key players.
Sales Intelligence Market Top Players Company Profiles
Sales Intelligence Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, Due to increased competitiveness and rising rates of data deterioration, major organisations are rapidly adopting sales intelligence software. With data enrichment features, sales intelligence software may help organisations avoid such data flaws and preserve a competitive advantage. Furthermore, growing technical competency among major organisations necessitates the adoption of sales intelligence software to improve sales efficiency and shorten sales cycles.
|Market size value in 2021||USD 3.4 Billion|
|Market size value in 2028||USD 6.54 Billion|
|Forecast period||2022 - 2028|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Sales Intelligence Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Sales Intelligence Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Sales Intelligence Market:
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