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 the United Kingdom has been on the rise in recent years.
Customer preferences: Customers in the UK are increasingly looking for software that offers a comprehensive view of customer interactions across multiple channels. They want to be able to analyze customer data to improve the customer experience and increase sales. Additionally, there is a growing preference for cloud-based CRM software which allows for easy accessibility and scalability.
Trends in the market: One of the biggest trends in the UK CRM software market is the integration of artificial intelligence (AI) and machine learning (ML). This technology is being used to automate routine tasks, provide predictive analytics, and improve the overall customer experience. Another trend is the increased use of mobile CRM software, allowing sales teams to access customer data on-the-go.
Local special circumstances: Brexit has had a significant impact on the UK economy, causing uncertainty and volatility in the market. However, this has not slowed down the demand for CRM software, as businesses continue to prioritize customer relationships in order to remain competitive. Additionally, the UK has a strong focus on data protection and privacy, which has led to the implementation of stricter regulations such as the General Data Protection Regulation (GDPR).
Underlying macroeconomic factors: The UK has a strong and diverse economy, with a large services sector that heavily relies on customer relationships. The rise of e-commerce and online businesses has also contributed to the demand for CRM software. Furthermore, the UK government has been investing in digital infrastructure and promoting the growth of technology startups, creating a favorable environment for the CRM software market.
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: Sep 2024
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.