2023-2029 Global Sales Tech Industry Research & Trends Analysis Report

Sales tech is defined as a set of tools that help accelerate and enhance sales productivity by enabling sales reps to use their time and customer intelligence as effectively and efficiently as possible. It's important to note how it differs from sales automation and sales enablement. While both are key components of a holistic sales tech stack, they each play a distinct strategic role. Sales automation uses technology to organize and automate your team's most tedious, repeatable tasks—improving efficiency and giving your reps time to focus on closing the deal. Sales enablement, however, comprises the tools, processes, training, and resources an organization provides to increase rep efficiency and success. Sales automation and sales enablement are subsets of sales tech. The sales tech is primarily split into Customer Relationship Management (CRM),Prospecting and Lead Generation, Sales Automation, Sales Reporting and Management, Project Management, etc.
This report aims to provide a comprehensive study of the global market for Sales Tech. Report Highlights:
(1) Global Sales Tech market size (value), history data from 2018-2022 and forecast data from 2023 to 2029.
(2) Global Sales Tech market competitive situation, revenue and market share, from 2018 to 2022.
(3) China Sales Tech market competitive situation, revenue and market share, from 2018 to 2022.
(4) Global Sales Tech segment by region (or country), key regions cover the United States, Europe, Japan, South Korea, Southeast Asia and India, etc.
(5) Global Sales Tech segment by type and by application and regional segment by type and by application.
(6) Sales Tech industry supply chain, upstream, midstream and downstream analysis.
According to YH Research, the global market for Sales Tech should grow from US$ 36650 million in 2022 to US$ 104470 million by 2029, with a CAGR of 16.3% for the period of 2023-2029.
Leading global sales technology players include Salesforce, LinkedIn, HubSpot, Zoho, and Zoominfo. Globally, the top five players have a share of nearly 66 per cent by revenue. North America is the world's largest market with a market share of about 57 percent, followed by Europe and Asia with about 25 percent and 11 percent, respectively. By product type, customer relationship management (CRM) is the largest market segment, with 47 percent share.
Market segment by regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)
South America (Brazil, Rest of South America)
Middle East & Africa
Market segment by type, covers
Customer Relationship Management (CRM)
Prospecting and Lead Generation
Sales Automation
Sales Reporting and Management
Project Management
Others
Market segment by application, can be divided into
Medium-sized Enterprises (50 to 249 Employees)
Large Enterprises(Employ 250 or More People)
Market segment by players, this report covers
Salesforce
LinkedIn
HubSpot
Zoho
Zoominfo
Outreach
Freshwork
ClickFunnels
Pipedrive
Sugar CRM
Clari
Mindtickle
Leadpages(Redbrick)
Leadfeeder