Customer Success Platforms Market worth $2.5 billion by 2025 - Exclusive Report by MarketsandMarkets™
CHICAGO, Jan. 29, 2021 /PRNewswire/ -- According to the new market research report "Customer Success Platforms Market by Component, Application (Sales and Marketing Optimization, Risk and Compliance Management, Reporting and Analytics), Deployment Mode, Organization Size, Vertical, and Region - Global Forecast to 2025", published by MarketsandMarkets™, the market size to grow from USD 1.0 billion in 2020 to USD 2.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 20.4% during the forecast period.
The major factors driving the growth of the Customer Success Platforms Market are the advent of cloud computing in customer success, growing demand for advance analytical-based solutions to monitor customer scores and reduce churn rates, and increasing data volume due to growing digitalization. Furthermore, the emergence of AI and ML to the better monitor customer journey and increasing investments by startups in identifying growth opportunities are expected to provide opportunities for enterprises operating across several verticals in the Customer Success Platforms Market.
Browse in-depth TOC on "Customer Success Platforms Market"
270 – Tables
54 – Figures
306 – Pages
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=140271118
The services segment to record the higher growth rate during the forecast period
On the basis of components, the Customer Success Platforms Market is segmented into platforms and services. The services are segmented to grow at a higher rate during the forecast period. The services play a vital role in the functioning of customer success platforms as the vendors require technical support services and consulting services to manage the effective deployment of these platforms. The services ensure faster and smoother implementation that maximizes the value of enterprise investments. They are an integral step in deploying technology software and are taken care of by platforms and service providers. These services ensure the end-to-end deployment and maintenance of customer success platforms and address pre-and post-deployment queries as well. These services help companies plan and strategize operations through design, implementation, adoption, and training.
The reporting and analytics segment to record the highest CAGR during the forecast period
In the Customer Success Platforms Market by application, the reporting and analytics application segment is expected to record the highest CAGR during the forecast period. The Customer Success Platforms Market is segmented on the basis of applications such as sales and marketing optimization, risk and compliance management, customer segmentation, customer service, reporting and analytics, customer on boarding, and others (revenue management, customer engagement, workflow management, and project administration). Reporting and analytics tools are essential for visualization that help end-users to sort out essential customer details. Customer data, such as product usage levels, the time spent while interacting with the brand, heat map, and similar visuals can be identified as seen using such tools.
Get Special Pricing on Bundle Reports: https://www.marketsandmarkets.com/RequestBundleReport.asp?id=140271118
North America to hold the largest market size during the forecast period
North America is expected to hold the largest market size in the global Customer Success Platforms Market during the forecast period. The key factor favouring the growth of the Customer Success Platforms Market in North America is the increasing demand for the enhanced customer viewing experience to strengthen customer retention initiatives. Europe is expected to be in the second position in terms of market size and market share during the forecast period. The growing demand to reduce enterprise workloads related to internal and external communication monitoring is boosting the adoption of customer success platforms in Europe. APAC is expected to record the fastest growth rate during the forecast period. The Customer Success Platforms Market is expected to witness considerable developments and implementation across APAC during the forecast period. The increasing number of players across different regions is further expected to drive the Customer Success Platforms Market.
Market Players:
Key and emerging market players include Salesforce (US), Cisco(US), HubSpot (US), Gainsight (US), Freshworks (US), Totango (US), Amity (Canada), Strikedeck (US), ChurnZero (US), SmartKarrot (US), ClientSuccess (US), Bolstra (US), UserIQ (US), Planhat (Sweden), Salesmachine (US), Catalyst (US), AppsForOps (Australia), Armatic (US), CustomerSuccessBox (US), Clientshare (UK), Wootric (US), ZoomInfo (US), Akita (Ireland), Intercom (US), WalkMe (US), and Custify (Romania).
Get 10% Customization on this Research Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=140271118
Browse Adjacent Markets: Software and Services Market Research Reports & Consulting
Related Reports:
Customer Analytics Market by Component, Deployment Mode, Organization Size, Application (Campaign Management, Customer Behavioural Analysis, and Churn Management), Data Source, Industry Vertical, and Region - Global Forecast to 2025
https://www.marketsandmarkets.com/Market-Reports/customer-analytics-market-250688798.html
Customer Data Platform Market by Component, Application (Customer Retention and Engagement, Predictive Analytics, Personalized Recommendations), Deployment Mode, Organization Size, Industry Vertical, Capability, and Region - Global Forecast to 2025
https://www.marketsandmarkets.com/Market-Reports/customer-data-platform-market-94223554.html
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/customer-success-platforms-market.asp
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/customer-success-platforms.asp
SOURCE MarketsandMarkets
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article