![Global Customer Relationship Management Market](https://res.cloudinary.com/devmoveo/image/upload/v1700036370/skyquest/report/phpRNNbw4.jpg)
Report ID: SQMIG45F2121
Report ID:
SQMIG45F2121 |
Region:
Global |
Published Date: July, 2001
Pages:
157
|
Tables:
118 |
Figures:
77
Globally, North America held the largest global Customer Relationship Management market share and accounted for more than 49.3% of the overall market in 2022. Increasing adoption of customer relationship management solutions and advancement in technologies are the key driving factors of the market in the region. Moreover, an extensive rise in the digital transformation in various sectors including banking, retail, and healthcare, is projected to propel the market growth over the forecast period.
Moreover, Asia Pacific is expected to grow at fastest CAGR over the forecast period owing to the increase in demand for innovative and advanced customer relationship management solutions by several emerging economies such as India, China, and Indonesia. The rapid expansion of the retail industry in the developing nations such as India and China is also expected to drive the growth of the sector in the near future. Additionally, the increasing investments by large international players in the countries like Indonesia, India, and Brazil for the expansion of their reach and acquire large consumer base is fostering the regional growth.
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REQUEST FREE CUSTOMIZATIONCustomer Relationship Management Market size was valued at USD 51.68 billion in 2019 and is poised to grow from USD 58.82 billion in 2023 to USD 163.16 billion by 2031, growing at a CAGR of 13.9% in the forecast period (2024-2031).
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Report ID: SQMIG45F2121