SaaS Customer Relationship Management (CRM) Market Surges to USD 156.98 Billion by 2031, Propelled by 12.93% CAGR

Lewes, Delaware, June 17, 2024 (GLOBE NEWSWIRE) — The



Global SaaS Customer Relationship Management (CRM) Market



is projected to grow at a

CAGR of 12.93% from 2024 to 2031

, according to a new report published by Verified Market Research®. The report reveals that the market was valued at

USD 47.71 Billion in 2024

and is expected to reach

USD 156.98 Billion

by the end of the forecast period.

Download PDF Brochure:

Browse in-depth TOC

on

“




Global SaaS Customer Relationship Management (CRM) Market




”

202 – Pages

126 – Tables

37 – Figures

Scope Of The Report

SaaS Customer Relationship Management (CRM) Market Overview

Scalability and Flexibility:

SaaS Customer Relationship Management (CRM) Market thrives on its capacity to provide solutions that are both flexible and scalable. Businesses can modify their CRM capabilities to meet their present requirements without incurring substantial capital expenditures, which encourages the adoption of CRM among small to medium-sized enterprises that are seeking expansion.

Cost-Efficiency:

SaaS CRM is a cost-effective solution that eliminates the necessity for extensive hardware and maintenance costs. This financial advantage enables businesses to more effectively allocate resources, thereby improving overall operational efficiency and accelerating market growth.

Enhanced Accessibility:

Cloud-based platforms facilitate real-time access to CRM systems from any location, thereby enhancing consumer engagement and collaboration among sales teams. This improved accessibility is essential for businesses with remote or distributed teams, as it substantially increases the appeal and adoption of the SaaS CRM market.

To Purchase a Comprehensive Report Analysis:

Data Security and Privacy Concerns:

The SaaS Customer Relationship Management (CRM) Market is confronted with challenges as a result of data security and privacy concerns, despite the numerous advantages it offers. Businesses are apprehensive about potential data intrusions and regulatory compliance, which can impede market growth as they pursue more secure alternatives.

High Initial Setup Costs:

Although SaaS CRM systems are cost-effective in the long term, the initial setup and subscription fees may be too expensive for certain businesses. The market’s expansion may be restricted by this financial barrier, which may discourage smaller enterprises from employing these solutions.

Customization and Integration Issues:

Businesses frequently encounter difficulties in customizing SaaS CRM solutions to meet their unique requirements and integrating them with their existing systems. These obstacles may result in inefficiencies and dissatisfaction, which could potentially impede market growth and delay the adoption rate.

Geographic Dominance

:

The SaaS Customer Relationship Management (CRM) market is primarily dominated by North America as a result of its advanced technological infrastructure, high adoption rates among businesses, and the presence of major CRM vendors. The region’s leadership is further reinforced by its substantial investment in cloud-based solutions and its strong emphasis on consumer experience. Europe and Asia-Pacific are also significant participants, as the market is expanding due to the rapid growth of digital transformation initiatives and the increasing demand for efficient customer management systems.

SaaS Customer Relationship Management (CRM) Market Key Players Shaping the Future

Major players, including


SAP, Oracle, Salesforce.com, Amdocs, IBM, Lithium, Jive Inc., ASSA ABLOY.


and more, play a pivotal role in shaping the future of the SaaS Customer Relationship Management (CRM) Market. Financial statements, product benchmarking, and SWOT analysis provide valuable insights into the industry’s key players.

SaaS Customer Relationship Management (CRM) Market Segment Analysis

Based on the research, Verified Market Research® has segmented the global SaaS Customer Relationship Management (CRM) Market into Application, And Geography.

To get market data, market insights, and a comprehensive analysis of the Global SaaS Customer Relationship Management (CRM) Market, please



Contact Verified Market Research®



.

• 
  SaaS Customer Relationship Management (CRM) Market, by Application
  
  • Retail
  • BFSI – Banking, financial services, and insurance
  • Manufacturing
  • Telecom and IT
  • Others
• 
  SaaS Customer Relationship Management (CRM) Market, by Geography
  
  • 
    North America
    

  • 
    Europe
    
    • Germany
    • France
    • U.K
    • Rest of Europe
  • 
    Asia Pacific
    
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • 
    ROW
    
    • Middle East & Africa
    • Latin America

Browse Related Reports:

Global SaaS Management Platform Market Size


By Type (SaaS Subscription Management, SaaS User Management, SaaS Vendor Management), By Application (Large Enterprise and SME’s), By Geography, And Forecast

Global Artificial Intelligence as a Service (AIaaS) Market Size


by Offering (SaaS, PaaS, IaaS), Service Type (Software, Services), Technology (Machine Learning (ML), Computer Vision, Natural Language Processing (NLP)), Organization Size (Large Enterprises, Small and Medium-sized Enterprises (SMEs)), Deployment (Public, Private, Hybrid), Vertical (Banking, Financial Services, and Insurance (BFSI), Healthcare and Life Sciences, Retail, IT & Telecom, Government & Defense, Manufacturing, Energy & Utility), By Geography, And Forecast

Global Tracking As A Service Market Size


By Type (Cloud, On-Premise), By Service (Platform-as-a-service (PaaS), Software-as-a-service (SaaS)), By Application (Retail & Manufacturing, E-commerce), By Geography, And Forecast

Global SaaS-based Business Analytics Market Size


By Type (On-site and Cloud), By Enterprise (Large Enterprises and SMEs), By Application (BFSI, Retail and E-commerce, Manufacturing, Telecom and IT), By Geography, And Forecast

Leading Saas Spend Management Software


: Spend less and make a wise decision

Visualize SaaS Customer Relationship Management (CRM) Market using Verified Market Intelligence -:

Verified Market Intelligence


is our

BI Enabled Platform

for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research® stands at the forefront as a global leader in Research and Consulting, offering unparalleled analytical research solutions that empower organizations with the insights needed for critical business decisions. Celebrating 10+ years of service, VMR has been instrumental in providing founders and companies with precise, up-to-date research data.

With a team of 500+ Analysts and subject matter experts, VMR leverages internationally recognized research methodologies for data collection and analyses, covering over 15,000 high impact and niche markets. This robust team ensures data integrity and offers insights that are both informative and actionable, tailored to the strategic needs of businesses across various industries.

VMR’s domain expertise is recognized across 14 key industries, including Semiconductor & Electronics, Healthcare & Pharmaceuticals, Energy, Technology, Automobiles, Defense, Mining, Manufacturing, Retail, and Agriculture & Food. In-depth market analysis cover over 52 countries, with advanced data collection methods and sophisticated research techniques being utilized. This approach allows for actionable insights to be furnished by seasoned analysts, equipping clients with the essential knowledge necessary for critical revenue decisions across these varied and vital industries.

Verified Market Research® is also a member of ESOMAR, an organization renowned for setting the benchmark in ethical and professional standards in market research. This affiliation highlights VMR’s dedication to conducting research with integrity and reliability, ensuring that the insights offered are not only valuable but also ethically sourced and respected worldwide.

Mr. Edwyne Fernandes
Verified Market Research®
US: +1 (650)-781-4080
US Toll Free: +1 (800)-782-1768
Email: sales@verifiedmarketresearch.com
Web: https://www.verifiedmarketresearch.com/
Follow Us: LinkedIn | Twitter
SOURCE – Verified Market Research®