What is Cloud CRM Market Scope?
CRM technology in which the CRM applications, CRM resources, and the organization's customer data reside in the cloud and are distributed to end-users through the Internet is referred to as cloud CRM. Since a growing number of small businesses lack the in-house IT expertise to deploy, maintain, and update an on-premises CRM application, the cloud CRM market is expected to expand in the future. The provider is in charge of maintaining the software, delivering system updates, and dealing with technical problems, bugs, and other issues when they occur with Cloud CRM. It also aids in the incorporation of general office software and email systems, as well as the integration of social data and automated data backups.
The Cloud CRM market study is being classified, by Application (Customer Service and Support, E-commerce, Sales and Marketing) and major geographies with country level break-up.
The global cloud CRM market is fragmented and there are various key players such as Salesforce.com, Inc., Microsoft, ELCA, Oracle Corp., and others. The key players are focusing on strategic partnerships, joint ventures, and new service launches to improve their services along with focusing on increasing their client base to strengthen market position. There is a various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Cloud CRM market throughout the predicted period.
Salesforce.com, Inc. (United States), Microsoft (United States), ELCA (Switzerland), Oracle Corp. (United States), 1CRM (Canada), SugarCRM Inc. (United States), SAP (Germany), Zendesk Inc. (United States), Zoho (India), Adobe Inc. (United States) and Colt Technology Solution (United Kingdom) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Jaguar Network (France), Curexus GmbH (Germany), Absys Cyborg (France) and TYPO3 (Germany).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Cloud CRM market by Type, Application and Region.
On the basis of geography, the market of Cloud CRM 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).
Market Influencers and their development strategies
In Nov 2019, Microsoft Corp.and Salesforce announced plans to expand their strategic partnership to help customers meet the evolving needs of their businesses and boost team productivity. Salesforce has named Microsoft Azure as its public cloud provider for Salesforce Marketing Cloud. Salesforce will also build a new integration that connects Salesforce’s Sales Cloud and Service Cloud with Microsoft Teams.
In May 2019, Zendesk, Inc. announced an expansion to Zendesk Sunshine, its open and flexible CRM platform built on Amazon Web Services (AWS). These expansions include new partnerships and integrations that will make it easier to connect siloed data and deliver deep customer insight to advance proactive customer experiences.
Influencing Market Trend
- The Emergence of AI in Cloud CRM
Market Drivers
- Rising Demand for Cloud CRM from the Telecom Sector to Store Data and to Generate Lead
- Growth in Digitalization and Government Compliances for Non-Profit Organizations
Opportunities
- Rising Number of Start-Up in Developing Countries
- Growing Cloud Adoption Across Several Industry Verticals
Restraints
- Security and Privacy of Data
Challenges
- Integration Concerns With Traditional Architectures
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Cloud Storage Technology Providers, Training and Consulting Service Providers, Cloud Storage Vendors, Cloud Service Providers, Government Agencies, Managed Service Providers and Others
Customization available in this Study:
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