The salesforce services market is expected to be valued at US$ 17.19 billion in 2024. The salesforce services are predicted to rise at a staggering CAGR of 15.6% from 2024 to 2034. The global market is anticipated to reach US$ 73.29 billion by 2034.
Attributes | Key Insights |
---|---|
Estimated Market Size in 2024 | US$ 17.19 billion |
Projected Market Value in 2034 | US$ 73.29 billion |
Value-based CAGR from 2024 to 2034 | 15.6% |
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Between 2019 and 2023, the salesforce services market demonstrated robust growth, with a CAGR reflecting this positive trend. During this period, businesses increasingly recognized the value of salesforce platforms in enhancing customer relationship management (CRM), streamlining processes, and driving overall efficiency.
Factors such as the growing importance of digital transformation, the proliferation of cloud computing, and the need for personalized customer experiences contributed to the expansion of the market. Service providers capitalized on this demand by offering diverse services, including implementation, customization, integration, training, and support.
Looking ahead to the forecasted period from 2024 to 2034, market analysts project a sustained growth trajectory, albeit at a potentially slower pace than the historical period.
This forecasted CAGR considers various factors, including market saturation in some sectors, evolving customer preferences, and potential economic fluctuations. While the core value proposition of Salesforce services remains strong, service providers may need to adapt their offerings to address emerging trends and challenges.
Historical CAGR from 2019 to 2023 | 14.8% |
---|---|
Forecast CAGR from 2024 to 2034 | 15.6% |
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The provided table illustrates the top five countries in terms of revenue, with Australia and New Zealand leading the list.
Australia and New Zealand are leading in the salesforce services market because they strongly embrace cloud technology. Both countries have a highly developed cloud infrastructure and a culture that values innovation and digital transformation.
The environment fosters widespread adoption of Salesforce services, which are cloud-based CRM solutions, as businesses seek scalable, flexible, and cost-effective tools to manage customer relationships and drive growth.
The proactive support from the governments and the presence of a vibrant tech ecosystem further accelerate the adoption of Salesforce services in these markets.
Countries | Forecast CAGRs from 2024 to 2034 |
---|---|
The United States | 12.5% |
Germany | 15.1% |
Japan | 16.8% |
China | 16.1% |
Australia and New Zealand | 19.1% |
The United States boasts a highly advanced business ecosystem focusing on innovation and technology adoption.
Salesforce services are widely used here because the large corporate sector prioritizes CRM solutions to manage customer relationships effectively and drive business growth.
Germany is renowned for its manufacturing prowess and industrial innovation. In Germany, salesforce services are heavily utilized to streamline processes, enhance customer engagement, and support sales and marketing efforts, particularly within the manufacturing sector, contributing to the robust CAGR.
Japan is known for being at the forefront of technological advancement. In Japan, salesforce services are extensively used to leverage cutting-edge CRM capabilities, improve operational efficiency, and drive digital transformation across various industries, including automotive, electronics, and retail.
The rapid economic growth and burgeoning digital economy have fueled the demand for Salesforce services. Companies in China utilize Salesforce solutions to manage customer relationships, optimize sales processes, and capitalize on market opportunities in the dynamic and competitive business landscape.
Australia and New Zealand focus on innovation and technology adoption across diverse sectors. These countries extensively use Salesforce services to drive innovation, enhance customer experiences, and support business growth strategies, making them key markets for Salesforce expansion and adoption.
The below section shows the leading segment. Based on service type, the planning segment accounted for a market share of 40% in 2024. Based on the application, the sales cloud segment is anticipated to register for a market share of 25% in 2024.
Businesses recognize the importance of strategic planning in aligning Salesforce implementations with organizational objectives, optimizing processes, and driving growth.
Businesses are increasingly leveraging Salesforce Sales Cloud services to streamline sales workflows, automate repetitive tasks, and improve sales team productivity.
Category | Market Share in 2024 |
---|---|
Planning | 40% |
Sales Cloud | 25% |
The planning segment has significant market share of 40% in 2024 indicates its importance within the Salesforce services landscape. This segment typically encompasses services related to strategic planning, implementation, and optimization of salesforce solutions to align with clients’ business objectives.
The planning segment involves various activities such as requirement analysis, solution design, project management, customization, and configuration of Salesforce platforms. Businesses rely on planning services to ensure their Salesforce implementations are tailored to their needs, workflows, and industry requirements.
The sales cloud segment is anticipated market share of 25% in 2024 highlights its significance in addressing sales-related challenges and driving revenue growth for businesses. Sales cloud services primarily optimize sales processes, improve lead management, and enhance sales team productivity using sales automation tools and features.
The sales cloud segment is instrumental in driving sales effectiveness, enabling businesses to achieve higher conversion rates, shorten sales cycles, and ultimately boost revenue generation.
Its projected market share underscores the growing recognition among organizations of the critical role that sales automation and CRM play in driving competitiveness and success in dynamic business landscape.
In the competitive landscape of the salesforce services market, opportunities abound for firms to differentiate themselves. Tailoring solutions to specific industries, such as healthcare or finance, presents a significant opportunity for market penetration.
Expanding service offerings to include AI integration, cybersecurity solutions, and advanced analytics can also enhance competitiveness. Some of the key developments are:
Attributes | Details |
---|---|
Estimated Market Size in 2024 | US$ 17.19 billion |
Projected Market Valuation in 2034 | US$ 73.29 billion |
Value-based CAGR 2024 to 2034 | 15.6% |
Forecast Period | 2024 to 2034 |
Historical Data Available for | 2019 to 2023 |
Market Analysis | Value in US$ billion |
Key Regions Covered |
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Key Market Segments Covered |
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Key Countries Profiled |
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Key Companies Profiled |
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As of 2024, the market for salesforce services is expected to be valued at US$ 17.19 billion.
By 2034, the market value of the salesforce services is expected to reach US$ 73.29 billion.
From 2024 to 2034, the salesforce services market is expected to flourish at a CAGR of 15.6%
The sales cloud segment is expected to account a share of 25% in 2024.
Australia and New Zealand is likely the top-performing market, with a CAGR of 19.1%.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Type of Service
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Type of Service, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Type of Service, 2024 to 2034
5.3.1. Planning
5.3.1.1. Advisory Service
5.3.1.2. Change Management
5.3.2. Manage
5.3.2.1. Monitoring
5.3.2.2. Upgrade
5.3.2.3. Governance
5.3.2.4. Helpdesk
5.3.2.5. Training
5.3.2.6. BPO
5.3.3. Implementation
5.3.3.1. Integrated Service
5.3.3.2. Custom Application Development
5.3.3.3. Application Modernisation and Data Migration
5.3.3.4. Testing Service
5.4. Y-o-Y Growth Trend Analysis By Type of Service, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Type of Service, 2024 to 2034
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Application, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Application, 2024 to 2034
6.3.1. Sales Cloud
6.3.2. Service Cloud
6.3.3. Marketing Cloud
6.3.4. App Cloud
6.3.5. Commerce Cloud
6.3.6. Analytics
6.4. Y-o-Y Growth Trend Analysis By Application, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Application, 2024 to 2034
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Vertical
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) Analysis By Vertical, 2019 to 2023
7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Vertical, 2024 to 2034
7.3.1. BFSI
7.3.2. Healthcare and Life Sciences
7.3.3. Media and Telecom
7.3.4. Retail and CPG
7.3.5. Government
7.3.6. Manufacturing
7.3.7. Energy & Utilities
7.3.8. Others
7.4. Y-o-Y Growth Trend Analysis By Vertical, 2019 to 2023
7.5. Absolute $ Opportunity Analysis By Vertical, 2024 to 2034
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2019 to 2023
8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2024 to 2034
8.3.1. North America
8.3.2. Latin America
8.3.3. Western Europe
8.3.4. Eastern Europe
8.3.5. South Asia and Pacific
8.3.6. East Asia
8.3.7. Middle East and Africa
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
9.2.1. By Country
9.2.1.1. USA
9.2.1.2. Canada
9.2.2. By Type of Service
9.2.3. By Application
9.2.4. By Vertical
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Type of Service
9.3.3. By Application
9.3.4. By Vertical
9.4. Key Takeaways
10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Type of Service
10.2.3. By Application
10.2.4. By Vertical
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Type of Service
10.3.3. By Application
10.3.4. By Vertical
10.4. Key Takeaways
11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. UK
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Western Europe
11.2.2. By Type of Service
11.2.3. By Application
11.2.4. By Vertical
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Type of Service
11.3.3. By Application
11.3.4. By Vertical
11.4. Key Takeaways
12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Country
12.2.1.1. Poland
12.2.1.2. Russia
12.2.1.3. Czech Republic
12.2.1.4. Romania
12.2.1.5. Rest of Eastern Europe
12.2.2. By Type of Service
12.2.3. By Application
12.2.4. By Vertical
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Type of Service
12.3.3. By Application
12.3.4. By Vertical
12.4. Key Takeaways
13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Country
13.2.1.1. India
13.2.1.2. Bangladesh
13.2.1.3. Australia
13.2.1.4. New Zealand
13.2.1.5. Rest of South Asia and Pacific
13.2.2. By Type of Service
13.2.3. By Application
13.2.4. By Vertical
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Type of Service
13.3.3. By Application
13.3.4. By Vertical
13.4. Key Takeaways
14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Country
14.2.1.1. China
14.2.1.2. Japan
14.2.1.3. South Korea
14.2.2. By Type of Service
14.2.3. By Application
14.2.4. By Vertical
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Type of Service
14.3.3. By Application
14.3.4. By Vertical
14.4. Key Takeaways
15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
15.2.1. By Country
15.2.1.1. GCC Countries
15.2.1.2. South Africa
15.2.1.3. Israel
15.2.1.4. Rest of MEA
15.2.2. By Type of Service
15.2.3. By Application
15.2.4. By Vertical
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Type of Service
15.3.3. By Application
15.3.4. By Vertical
15.4. Key Takeaways
16. Key Countries Market Analysis
16.1. USA
16.1.1. Pricing Analysis
16.1.2. Market Share Analysis, 2023
16.1.2.1. By Type of Service
16.1.2.2. By Application
16.1.2.3. By Vertical
16.2. Canada
16.2.1. Pricing Analysis
16.2.2. Market Share Analysis, 2023
16.2.2.1. By Type of Service
16.2.2.2. By Application
16.2.2.3. By Vertical
16.3. Brazil
16.3.1. Pricing Analysis
16.3.2. Market Share Analysis, 2023
16.3.2.1. By Type of Service
16.3.2.2. By Application
16.3.2.3. By Vertical
16.4. Mexico
16.4.1. Pricing Analysis
16.4.2. Market Share Analysis, 2023
16.4.2.1. By Type of Service
16.4.2.2. By Application
16.4.2.3. By Vertical
16.5. Germany
16.5.1. Pricing Analysis
16.5.2. Market Share Analysis, 2023
16.5.2.1. By Type of Service
16.5.2.2. By Application
16.5.2.3. By Vertical
16.6. UK
16.6.1. Pricing Analysis
16.6.2. Market Share Analysis, 2023
16.6.2.1. By Type of Service
16.6.2.2. By Application
16.6.2.3. By Vertical
16.7. France
16.7.1. Pricing Analysis
16.7.2. Market Share Analysis, 2023
16.7.2.1. By Type of Service
16.7.2.2. By Application
16.7.2.3. By Vertical
16.8. Spain
16.8.1. Pricing Analysis
16.8.2. Market Share Analysis, 2023
16.8.2.1. By Type of Service
16.8.2.2. By Application
16.8.2.3. By Vertical
16.9. Italy
16.9.1. Pricing Analysis
16.9.2. Market Share Analysis, 2023
16.9.2.1. By Type of Service
16.9.2.2. By Application
16.9.2.3. By Vertical
16.10. Poland
16.10.1. Pricing Analysis
16.10.2. Market Share Analysis, 2023
16.10.2.1. By Type of Service
16.10.2.2. By Application
16.10.2.3. By Vertical
16.11. Russia
16.11.1. Pricing Analysis
16.11.2. Market Share Analysis, 2023
16.11.2.1. By Type of Service
16.11.2.2. By Application
16.11.2.3. By Vertical
16.12. Czech Republic
16.12.1. Pricing Analysis
16.12.2. Market Share Analysis, 2023
16.12.2.1. By Type of Service
16.12.2.2. By Application
16.12.2.3. By Vertical
16.13. Romania
16.13.1. Pricing Analysis
16.13.2. Market Share Analysis, 2023
16.13.2.1. By Type of Service
16.13.2.2. By Application
16.13.2.3. By Vertical
16.14. India
16.14.1. Pricing Analysis
16.14.2. Market Share Analysis, 2023
16.14.2.1. By Type of Service
16.14.2.2. By Application
16.14.2.3. By Vertical
16.15. Bangladesh
16.15.1. Pricing Analysis
16.15.2. Market Share Analysis, 2023
16.15.2.1. By Type of Service
16.15.2.2. By Application
16.15.2.3. By Vertical
16.16. Australia
16.16.1. Pricing Analysis
16.16.2. Market Share Analysis, 2023
16.16.2.1. By Type of Service
16.16.2.2. By Application
16.16.2.3. By Vertical
16.17. New Zealand
16.17.1. Pricing Analysis
16.17.2. Market Share Analysis, 2023
16.17.2.1. By Type of Service
16.17.2.2. By Application
16.17.2.3. By Vertical
16.18. China
16.18.1. Pricing Analysis
16.18.2. Market Share Analysis, 2023
16.18.2.1. By Type of Service
16.18.2.2. By Application
16.18.2.3. By Vertical
16.19. Japan
16.19.1. Pricing Analysis
16.19.2. Market Share Analysis, 2023
16.19.2.1. By Type of Service
16.19.2.2. By Application
16.19.2.3. By Vertical
16.20. South Korea
16.20.1. Pricing Analysis
16.20.2. Market Share Analysis, 2023
16.20.2.1. By Type of Service
16.20.2.2. By Application
16.20.2.3. By Vertical
16.21. GCC Countries
16.21.1. Pricing Analysis
16.21.2. Market Share Analysis, 2023
16.21.2.1. By Type of Service
16.21.2.2. By Application
16.21.2.3. By Vertical
16.22. South Africa
16.22.1. Pricing Analysis
16.22.2. Market Share Analysis, 2023
16.22.2.1. By Type of Service
16.22.2.2. By Application
16.22.2.3. By Vertical
16.23. Israel
16.23.1. Pricing Analysis
16.23.2. Market Share Analysis, 2023
16.23.2.1. By Type of Service
16.23.2.2. By Application
16.23.2.3. By Vertical
17. Market Structure Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Market Share Analysis of Top Players
17.3.1. By Regional
17.3.2. By Type of Service
17.3.3. By Application
17.3.4. By Vertical
18. Competition Analysis
18.1. Competition Deep Dive
18.1.1. SAP SE
18.1.1.1. Overview
18.1.1.2. Product Portfolio
18.1.1.3. Profitability by Market Segments
18.1.1.4. Sales Footprint
18.1.1.5. Strategy Overview
18.1.1.5.1. Marketing Strategy
18.1.2. Oracle Corporation
18.1.2.1. Overview
18.1.2.2. Product Portfolio
18.1.2.3. Profitability by Market Segments
18.1.2.4. Sales Footprint
18.1.2.5. Strategy Overview
18.1.2.5.1. Marketing Strategy
18.1.3. Salesforce.com Inc.
18.1.3.1. Overview
18.1.3.2. Product Portfolio
18.1.3.3. Profitability by Market Segments
18.1.3.4. Sales Footprint
18.1.3.5. Strategy Overview
18.1.3.5.1. Marketing Strategy
18.1.4. Adobe Inc.
18.1.4.1. Overview
18.1.4.2. Product Portfolio
18.1.4.3. Profitability by Market Segments
18.1.4.4. Sales Footprint
18.1.4.5. Strategy Overview
18.1.4.5.1. Marketing Strategy
18.1.5. DXC Technology
18.1.5.1. Overview
18.1.5.2. Product Portfolio
18.1.5.3. Profitability by Market Segments
18.1.5.4. Sales Footprint
18.1.5.5. Strategy Overview
18.1.5.5.1. Marketing Strategy
18.1.6. IBM Corporation
18.1.6.1. Overview
18.1.6.2. Product Portfolio
18.1.6.3. Profitability by Market Segments
18.1.6.4. Sales Footprint
18.1.6.5. Strategy Overview
18.1.6.5.1. Marketing Strategy
18.1.7. Accenture PLC
18.1.7.1. Overview
18.1.7.2. Product Portfolio
18.1.7.3. Profitability by Market Segments
18.1.7.4. Sales Footprint
18.1.7.5. Strategy Overview
18.1.7.5.1. Marketing Strategy
18.1.8. Tata Consultancy Service Limited
18.1.8.1. Overview
18.1.8.2. Product Portfolio
18.1.8.3. Profitability by Market Segments
18.1.8.4. Sales Footprint
18.1.8.5. Strategy Overview
18.1.8.5.1. Marketing Strategy
18.1.9. Tech Mahindra Limited
18.1.9.1. Overview
18.1.9.2. Product Portfolio
18.1.9.3. Profitability by Market Segments
18.1.9.4. Sales Footprint
18.1.9.5. Strategy Overview
18.1.9.5.1. Marketing Strategy
18.1.10. Wipro
18.1.10.1. Overview
18.1.10.2. Product Portfolio
18.1.10.3. Profitability by Market Segments
18.1.10.4. Sales Footprint
18.1.10.5. Strategy Overview
18.1.10.5.1. Marketing Strategy
19. Assumptions & Acronyms Used
20. Research Methodology
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