Definition:
The Customer Relationship Management Software market covers software applications that support organizations in managing their interactions with customers, clients, and prospects. These applications help organizations during the entire life cycle of a customer including sales, marketing, customer services, and contact center to improve their customer engagement, increase customer loyalty, and grow their business.
Products in the Customer Relationship Management Software market can be obtained in two ways: as on-premises software that is sold via a transactional license or a subscription and as cloud-based software (software as a service/ SaaS) that is most frequently sold as a subscription.
Additional Information:
The Customer Relationship Management Software market comprises revenue and revenue growth as the key performance indicators. Only the revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included and the revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by enterprises (B2B) and governments (B2G).
Key players in this market include Salesforce, SAP, Adobe, and Oracle.
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NOTES: Data was converted from local currencies using average exchange rates of the respective year.
MOST_RECENT_UPDATE: Sep 2024
SOURCE: Statista Market Insights
NOTES: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.
MOST_RECENT_UPDATE: Jul 2024
NOTES: Data was converted from local currencies using average exchange rates of the respective year.
MOST_RECENT_UPDATE: Sep 2024
SOURCE: Statista Market Insights
MOST_RECENT_UPDATE: Mar 2024
SOURCE: Statista Market Insights
The demand for customer relationship management (CRM) software in Europe has been steadily increasing over the past few years.
Customer preferences: European businesses are increasingly adopting CRM software to streamline their sales processes, improve customer engagement, and increase revenue. The demand for cloud-based CRM solutions has been particularly high, as they offer greater flexibility, scalability, and cost-effectiveness compared to on-premise solutions. Additionally, businesses are looking for CRM solutions that integrate with other business applications, such as marketing automation and customer service platforms, to create a more seamless customer experience.
Trends in the market: The CRM software market in Europe is highly competitive, with a large number of vendors offering a wide range of solutions. Some of the key trends in the market include the increasing use of artificial intelligence (AI) and machine learning (ML) to automate sales processes and provide more personalized customer experiences. Another trend is the growing popularity of mobile CRM apps, which allow sales teams to access customer data and sales information on-the-go. Additionally, there is a trend towards greater customization and personalization of CRM solutions to meet the specific needs of different businesses and industries.
Local special circumstances: The CRM software market in Europe is highly diverse, with different countries and regions exhibiting unique characteristics and trends. For example, the UK market is dominated by large enterprise vendors, while the German market is characterized by a large number of small and medium-sized businesses that are looking for more affordable and flexible CRM solutions. In France, there is a growing demand for CRM solutions that are tailored to the needs of specific industries, such as healthcare and retail.
Underlying macroeconomic factors: The growth of the CRM software market in Europe is being driven by a number of macroeconomic factors, including the increasing adoption of digital technologies by businesses, the growing importance of customer experience in driving revenue growth, and the need for businesses to stay competitive in an increasingly globalized marketplace. Additionally, the rise of e-commerce and mobile commerce has created new opportunities for businesses to engage with customers and drive sales through digital channels. As a result, businesses are looking for CRM solutions that can help them manage customer interactions across multiple channels and touchpoints.
NOTES: Data was converted from local currencies using average exchange rates of the respective year.
MOST_RECENT_UPDATE: Sep 2024
SOURCES: Statista Market Insights, Financial Statements of Key Players, National statistical offices
Data coverage:
The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the allocation to the country where the money was spent at manufacturer price level (excluding VAT).Modeling approach / Market size:
The segment size is determined through a top-down approach. We use financial statements such as annual reports, quarterly earnings, and expert opinions to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations such as GDP, level of digitization, GDP sector composition, and observed level of software piracy.Forecasts:
We use a variety of forecasting techniques, for instance, advanced statistical methods, depending on the behavior of the relevant segment. The main drivers are the GDP and the level of digitization.Additional notes:
The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.NOTES: Based on data from IMF, World Bank, UN and Eurostat
MOST_RECENT_UPDATE: Jan 2025
SOURCE: Statista Market Insights
These activities are planned and put into stages in a logical order, a process known as the software development life cycle (SDLC) or software development. The SDLC often includes six stages: requirement analysis, design, development, testing, implementation, documentation, and evolution. Programming languages such as JavaScript and C++ are used to create software, with JavaScript being the most popular programming language in 2023 and used by roughly 65 percent of software developers.
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