About Sales Forecasting Software
Sales forecasting software is used to create financial reports of expected sales based on historical trends, economic conditions, changes within company, industry behavior and selected time periods. This software offers financial forecasts by entering predicted sales, weighing them against expenses you anticipate such as labor costs, and create a forecast period’s sales. A sales forecast will better prepare the business and sales team with expected sales and revenue that plan to achieve over a set length of time. Increasing the adoption of software by the various organization has projected the growth of the market in the forecast period.
Attributes | Details |
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Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
The Players having a strong hold in the market are IBM, Zoho Corporation Pvt. Ltd., Oracle, and Capsule. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Sales Forecasting Software market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
IBM (United States), Zoho Corporation Pvt. Ltd. (United States), Oracle (United States), Capsule (United States), Salesforce.com, inc. (United States), SalesLoft, Inc. (United States), DealCloud (United States), Aviso, Inc. (United States), SalesChoice (Canada) and GMDH, LLC. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Demand Works Company (United States), Anaplan, Inc. (United States), Pipedrive (United States) and Data Perceptions (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Sales Forecasting Software market by Type (Web, Mobile - Android Native, Mobile - iOS Native and Other), Application (Retail, BFSI, Telecom, Healthcare, Food & Beverages and Others) and Region.
On the basis of geography, the market of Sales Forecasting Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Organization Size, the sub-segment i.e. Small and Medium Enterprise will boost the Sales Forecasting Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. Cloud Based will boost the Sales Forecasting Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising in Cloud-Based CRM Technology for Sales Forecasting Software
Market Growth Drivers:
Increasing Demand to Modernize the Sales Processes and Growing Need for Tracking Mechanism in Developed and Developing Economies
Challenges:
Lack of Awareness about Benefits Associated with Sales Forecasting Software and Lack of Skilled Workforce and Professionals
Restraints:
High Cost Associated with Sales Forecasting Software
Opportunities:
Increasing Need for Business Intelligence & Insights
Key Target Audience
Sales Forecasting Software Providers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors and Other
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.