What's New In Gartner's Hype Cycle For CRM, 2019
Business 2 Community, October 24th, 2019
November 3, 2019,
Volume 259, Issue 5
Worldwide enterprise application software revenue totaled more than $193.6B in 2018, a 12.5% increase from 2017
Louis Columbus writes in
Business 2 Community:
- CRM made up nearly 25% of the entire enterprise software revenue market.
72.9% of CRM spending was on software as a service (SaaS) in 2018, which is expected to grow to 75% of total CRM software spending in 2019.
- Worldwide spending on customer experience and relationship management (CRM) software grew 15.6%, from $41.7B in 2017 to $48.2B in 2018, and is projected to reach $55.2B in 2019.
- Salesforce dominated the worldwide CRM market with a 19.5% market share in 2018, over double its nearest rival, SAP, at 8.3% share, according to Gartner's market share estimates.
- CRM revenue in 2018 is comprised of software and services revenue from Customer Service and Support (35.7%), Sales (25.9%), Marketing (25.4%), and Digital Commerce (13%). These four categories together comprise the customer experience and relationship management market, according to Gartner.
New technologies are proliferating across the CRM landscape, driven by the need every business has to understand, communicate, serve, and strengthen customer relationships..."
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