According to the partner relationship management software market analysis by Future Market Insights (FMI), the demand in the market will grow at a noteworthy CAGR of around 13.4% from 2022-2032.
The market is expected to reach the valuation of ~US$ 1,163.1 Mn by end of 2022. According to Future Market Insights, the market for partner relationship management (PRM) software will develop as a result of a rise in demand for business intelligence adoption, a drop in the cost of channel management, and a rise in internet prevalence.
Additionally, the market for PRM software is anticipated to be driven by increased usage of cutting-edge technologies like artificial intelligence (AI) and the internet of things (IoT). Additionally, big businesses are making an effort to put partner relationship management software in place to scale partnerships and simplify distribution management.
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Key Takeaways
- By type, the integrated software segment is anticipated to account for the leading share in the global demand for partner relationship management during the forecast period.
- The standalone software segment is estimated to grow at a robust CAGR of 2%through 2032.
- Among the enterprise size, SMEs segment is estimated to grow by1X during the forecast period.
- By industry, the BFSI segment is anticipated to increase at a CAGR of 7%between 2022 & 2032.
- North America is expected to dominate partner relationship management market followed by Europe in 2022.
- South Asia & Pacific is estimated as the fastest growing region during the forecast period.
- The U.S. market is expected to progress at a CAGR of around 1%through 2032.
- In India, the partner relationship management market is expected to grow by 1Xduring the forecast period.
- Partner relationship management market in China is estimated to witness the absolute $ opportunity of US$ 2,56.4 Mnin the forecast period.
More Valuable Insights on Partner Relationship Management Software Market
The partner relationship management market research report from Future Market Insight is divided into five main categories: type (integrated software, standalone software), deployment mode (on-premise PRM software, cloud-based PRM software), enterprise size (small and mid-sized enterprises (SMEs), large enterprises), industry (IT & telecom, retail, government, healthcare, BFSI, manufacturing, and others), and region (North America, Latin America, Europe, East Asia, and others).
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About Electronics, Semiconductor and ICT Division at Future Market Insights
Expert analysis, strategic recommendations and actionable insights- the electronics, semiconductors, and ICT team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repository of over 500 reports on electronics, semiconductors, & ICT, of which 100+ reports are specifically on solutions, the team provides end-to-end research and analysis on regional trends, drivers for market growth, and research development efforts in the electronics, semiconductors, and ICT industry.
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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