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The sales enablement platform market size is valued to increase by USD 6.43 billion, at a CAGR of 17.1% from 2024 to 2029. Rising technological innovation will drive the sales enablement platform market.
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The sales enablement platform industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
The consumer goods and retail segment is estimated to witness significant growth during the forecast period.
In the dynamic and ever-evolving business landscape, sales enablement platforms have emerged as essential tools for companies across various sectors. According to recent reports, the sales enablement market is experiencing significant growth, with the consumer goods and retail sector leading the charge in 2024. Approximately 30% of sales enablement platform adoptions originate from this sector, underpinned by the necessity for efficient sales processes and heightened customer engagement. Moreover, sales enablement platforms have become indispensable for retailers, both online and offline, as they grant their geographically dispersed sales teams real-time access to critical product information, sales collateral, and customer insights.
This empowers sales representatives to deliver personalized and effective engagement, driving conversion rates and overall sales performance. The retail industry's shift towards personalized customer experiences has further fueled the adoption of sales enablement platforms. Companies are increasingly focusing on delivering tailored content across multiple digital channels to create an omni-channel experience that fosters customer loyalty and engagement. In fact, over 45% of businesses anticipate that sales enablement platforms will significantly enhance their customer engagement strategies within the next 12 months. Furthermore, sales enablement platforms offer a range of features that cater to various business needs.
These include contract management systems, quote generation tools, sales content personalization, incentive program management, competitive intelligence tools, customer relationship management, gamification strategies, sales operations efficiency, sales forecasting techniques, sales engagement platforms, lead qualification tools, content management systems, sales activity monitoring, win-loss analysis review, revenue attribution modeling, onboarding new employees, customer success platforms, sales communication tracking, content syndication platforms, sales team collaboration, sales territory management, sales pipeline management, sales process automation, marketing automation integration, sales analytics dashboards, proposal generation software, customer segmentation strategies, sales playbooks creation, deal registration processes, sales performance metrics, sales quota attainment, sales coaching modules, training content delivery, and lead nurturing workflows.
By integrating these features, sales enablement platforms enable businesses to streamline their sales processes, improve sales efficiency, and gain valuable insights into customer behavior and market trends. This data-driven approach empowers sales teams to make informed decisions, ultimately leading to increased revenue and growth.
The Consumer goods and retail segment was valued at USD 724.50 billion in 2019 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 28% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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Sales enablement platforms have gained significant traction in the business world, particularly in North America, where enterprises are early adopters of cloud services and software. By 2024, the market landscape for these platforms continues to evolve, driven by technological advancements and shifting business priorities. The increasing costs of management consulting services have led companies to explore alternative solutions. Sales enablement platforms, which offer actionable insights using AI-driven analytics and automation, have emerged as a cost-effective alternative. However, management consulting firms still maintain a strong presence, especially among Fortune 500 companies, who value their credibility and comprehensive service offerings.
According to recent studies, the market is expected to grow, with 67% of companies planning to invest in these solutions by 2025. Additionally, 84% of sales organizations believe that they will increase their sales productivity through the use of these platforms. Furthermore, 79% of companies agree that sales enablement platforms help them close deals faster. These platforms not only streamline operations but also provide valuable insights, enabling businesses to make data-driven decisions and improve overall sales performance.
Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The market is a dynamic and evolving landscape, characterized by the integration of advanced technologies to optimize sales content repository, enhance sales team collaboration, and automate lead qualification processes. Sales teams are leveraging these platforms to improve performance metrics, personalize sales content strategies, and streamline sales process automation. One notable trend in the market is the integration of customer relationship management systems and sales forecasting techniques to measure sales training program effectiveness and design effective sales compensation plans. Sales operations efficiency improvement strategies are also gaining traction, with sales enablement technology stack implementation playing a pivotal role in enhancing sales team productivity.
Moreover, building effective sales coaching programs and revenue cycle management best practices are becoming essential components of sales enablement platforms. Sales activity monitoring and reporting, customer segmentation and targeting strategies, deal registration process improvement initiatives, and sales proposal generation software comparisons are other critical areas of focus. According to market intelligence, adoption rates of sales enablement platforms in large enterprises are significantly higher than in small and medium-sized businesses. Over 80% of large enterprises have adopted sales enablement platforms, compared to less than 50% of SMBs. This disparity highlights the growing importance of these platforms in driving sales success and the potential opportunities for companies in the SMB market.
In conclusion, the market is witnessing robust growth, driven by the need for optimizing sales processes, improving team collaboration, and enhancing sales team productivity. With a focus on data-driven insights and research-backed strategies, sales enablement platforms are becoming indispensable tools for businesses seeking to stay competitive in today's dynamic market landscape.
The sales enablement platform market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the sales enablement platform market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape of Sales Enablement Platform Industry
Companies are implementing various strategies, such as strategic alliances, sales enablement platform market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Bigtincan Holdings Ltd. - This company specializes in sales enablement solutions, enhancing customer-facing teams' capabilities through intelligent technology. By delivering personalized buying experiences, they enable increased sales and customer satisfaction.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Sales Enablement Platform Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
204 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 17.1% |
Market growth 2025-2029 |
USD 6430.9 million |
Market structure |
Fragmented |
YoY growth 2024-2025(%) |
15.5 |
Key countries |
US, China, UK, Germany, France, Japan, Brazil, Italy, India, and South Korea |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
What is the expected growth of the Sales Enablement Platform Market between 2025 and 2029?
USD 6.43 billion, at a CAGR of 17.1%
What segmentation does the market report cover?
The report segmented by End-user (Consumer goods and retail, IT and telecom, Media and entertainment, Healthcare and life sciences, and Others), Component (Platform and Services), Deployment (Cloud-based and On-premises), and Geography (North America, Europe, APAC, Middle East and Africa, and South America)
Which regions are analyzed in the report?
North America, Europe, APAC, Middle East and Africa, and South America
What are the key growth drivers and market challenges?
Rising technological innovation, Concern related to data security and privacy in sales enablement platforms
Who are the major players in the Sales Enablement Platform Market?
Key Companies Bigtincan Holdings Ltd., ClientPoint Inc., Dropbox Inc., GetAccept Inc., Gong.io Inc., Highspot Inc., Mediafly Inc., Mindtickle Inc., PAPERFLITE, Pitcher AG, QorusDocs Ltd., Qstream Inc., Quark Software Inc., Rallyware Inc., Salesforce Inc., Seismic Software Inc., Showpad Inc., and Upland Software Inc.
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1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by End-user
9 Market Segmentation by Component
10 Market Segmentation by Deployment
11 Customer Landscape
12 Geographic Landscape
13 Drivers, Challenges, and Opportunity/Restraints
14 Competitive Landscape
15 Competitive Analysis
16 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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