Banking

Banking CRM Software Market to Reach $39.2 Billion, Globally, by 2031 at 15.7% CAGR: Allied Market Research


High demand for banking CRM to enhance customer experience, high bank productivity and profitability, and better segmentation and customer retention, is expected to fuel the demand for banking CRM software market globally during the analyzed time frame.

PORTLAND, Ore., Feb. 22, 2023 /PRNewswire/ — Allied Market Research published a report, titled, Banking CRM Software Market by Offering (Solution and Service), Deployment Mode (On-Premises and Cloud), and Application (Customer Service, Customer Experience Management, CRM Analytics, Marketing Automation, Social Media Monitoring and Others) And Region (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2022-2031″ According to the report, the global banking CRM software industry generated $9.5 billion in 2021, and is estimated to reach $39.2 billion by 2031, witnessing a CAGR of 15.7% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscapes, and competitive scenarios.

Request PDF Brochure: https://www.alliedmarketresearch.com/request-sample/7796 

Drivers, Restraints, and Opportunities-

With high bank productivity and profitability, the banking CRM software is being widely preferred by businesses and enterprises, which is fueling the growth of banking CRM software market. Besides these, security issues with the CRM software and high cost of implementation of CRM hamper the banking CRM software market growth. On the contrary, integration of AI, ML, and BI in banking CRM software is introducing a gradual shift towards banking industry.

Covid-19 scenario-

  • As COVID-19 cases continued to surge and more restrictions were put in place during the pandemic. As a result, there was an increase in penetration of banks mobile applications and higher adoption of cloud computing technologies and solutions. This has spiked the growth for banking CRM software industry during the period.
  • COVID-19 brought uncertainty and pressure to businesses across the financial services sector, with many businesses still trying to adapt to a new economic landscape. The banking industry is facing many challenges brought about by the pandemic and one obvious adjustment is an increase in the digitization of services.

The customer service segment to rule the roost-

By application, the customer service segment acquired the major banking CRM software market size in 2021. This is attributed to the banks’ ability to satisfy their customers and maintain their business owing to the automation, streamlining, and consolidation that this software can offer. Also, the rise of internet banking is promoting the expansion of the banking industry. Market for customer service CRM software.

Procure Complete Report (360 Pages PDF with Insights, Charts, Tables, and Figures) @ https://bit.ly/3XSV3tG 

North America garnered the major share in 2021-

Region-wise, North America dominated the banking CRM software market share in 2021. One of the key factors influencing the growth of the market in the area is the increased need for banks customer relationship management (CRM) software to improve customer experience.

Leading Market Players-

  • Salesforce, Inc.
  • SugarCRM Inc.
  • Microsoft
  • Oracle
  • LeadSquared
  • Pegasystems Inc.
  • Claritysoft
  • Zoho Corporation Pvt. Ltd.
  • HubSpot, Inc.
  • KAPTURE

The report analyzes these key players in the global banking CRM software market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, developments, and product portfolios of every market player.

KEY BENEFITS FOR STAKEHOLDERS

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the banking CRM software market analysis from 2021 to 2031 to identify the prevailing banking CRM software market share.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the banking CRM software market size segmentation assists to determine the prevailing banking CRM software market opportunity.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global banking CRM software market trends, key players, market segments, application areas, and market growth strategies.

Banking CRM Software Market Report Highlights

Offering              

Deployment Mode        

Application       

  • Customer Service
  • Customer Experience Management
  • CRM Analytics
  • Marketing Automation
  • Salesforce Automation
  • Others

By Region           

  • North America (U.S., Canada)
  • Europe (UK, Germany, France, Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
  • LAMEA (Latin America, Middle East, Africa)

Key Market Players : Salesforce, Inc., SugarCRM Inc., Microsoft, Oracle, LeadSquared, Pegasystems Inc., Zoho Corporation Pvt. Ltd., Claritysoft Technologies, HubSpot, Inc., KAPTURE

Want to Access the Statistical Data and Graphs, Key Players’ Strategies: https://www.alliedmarketresearch.com/banking-crm-software-market/purchase-options

Trending Reports in BFSI Industry (Book Now with 10% Discount + COVID-19 Scenario):

Open Banking Market by Financial Services (Banking & Capital Markets, Payments, Digital Currencies, Value Added Services), by Distribution Channel (Bank Channel, App market, Distributors, Aggregators): Global Opportunity Analysis and Industry Forecast, 2020-2031

Core Banking Solutions Market by Component (Solution and Service), Deployment Model (On-Premise and Cloud), Enterprise Size (Large Enterprises and Small & Medium Enterprises [SMEs]), Type (Enterprise Customer Solutions, Loans, Deposits, and Others), and End User (Banks, Credit Unions & Community Banks, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027

Commercial Banking Market by Products (Commercial Lending, Treasury Management, Project Finance, Syndicated Loans, Capital Market, Others), by Application (Healthcare, Construction, Transportation And Logistics, Media And Entertainment, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031

Financial Fraud Detection Software Market By Component (Solution [Fraud Analytics, Authentication and GRC] and Service [Professional Services and Managed Services]), Type (Identity Theft, Wire Transfer Frauds, Claim Frauds, Money Laundering, Subscription Frauds and Debit & Credit Card Frauds), Deployment (On-Premise and Cloud) and End-User (Banks, Financial Institutions, Insurance Companies and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030

Digital Processing Automation (DPA) Software in Banking Market By Component (Solution and Services [Professional Services (Advisory Services, Implementation Services and Support Services) and Managed Services]), Deployment (On-Premise and Cloud), Industry Vertical (BFSI, Retail & E-Commerce, Healthcare, Travel & Hospitality, Transportation & Logistics, Media & Entertainment and Others) and Enterprise Size (Large Enterprise and Small & Medium Enterprises): Global Opportunity Analysis and Industry Forecast, 2021-2030

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact Us:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
[email protected]
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Follow Us on | Facebook LinkedIn YouTube |

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg 

SOURCE Allied Market Research



Source link

Leave a Response