Global Sales Forecasting Software Market Overview:
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 | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
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
Competitive Landscape:
Some of the key players profiled in the report are 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). The Players having a strong hold in the market are IBM, Zoho Corporation Pvt. Ltd., Oracle, and Capsule. Additionally, following companies can also be profiled that are part of our coverage like Demand Works Company (United States), Anaplan, Inc. (United States), Pipedrive (United States) and Data Perceptions (United Kingdom). Analyst at AMA Research see United States Players to retain maximum share of Global Sales Forecasting Software market by 2027. Considering Market by Organization Size, the sub-segment i.e. Small and Medium Enterprise will boost the Sales Forecasting Software market. Considering Market by Deployment, the sub-segment i.e. Cloud Based will boost the Sales Forecasting Software market.
What Can be Explored with the Sales Forecasting Software Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Sales Forecasting Software Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Sales Forecasting Software
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Sales Forecasting Software market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Sales Forecasting Software market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Sales Forecasting Software Providers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors and Other.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.