According to the Regional Research Reports, the Global Sales Compensation Software Market size was valued at USD 375 million in 2021 and is estimated to grow reach over USD 1120 million by 2030 at a CAGR of 12.93% over the forecast period (2022-2030).
Sales compensation software automates the accounting and administration of commissions and incentive plans based on several customizable rules such as employee role, tenure, or sale type. The software also provides salespeople with a detailed look into past earnings and forecasted revenue. This provides salespeople with compensation calculations based on potential closed deals, which allows salespeople to plan for different compensation scenarios. This can help motivate and incentivize salespeople to understand true earning potential.
Sales compensation software is utilized by sales, accounting, and administration teams. Since sales compensation structures often differ from those of the rest of a business, these tools promote less time-consuming and error-prone accounting practices. This software is usually implemented as part of a broader compensation software infrastructure. This might include payroll, accounting, or billing software.
The pricing for the sales compensation software is estimated to be range from USD 8 to USD 45 per user per month. The pricing is totally depend on the features and specifications integrate in the software. Many sales compensation tools also integrate with other sales tools, such as sales analytics, sales performance management, or sales gamification.
This report contains the market size and forecasts of Sales Compensation Software in the global market, including the following market information:
- Global Sales Compensation Software Market Revenue, 2018-2021, 2022-2030, (USD Millions)
- Global Sales Compensation Software Market Sales, 2018-2021, 2022-2030, (Units)
- Global top five Sales Compensation Software companies in 2021 (%)
Regional Research Reports has surveyed the Sales Compensation Software manufacturers, suppliers, distributors, and industry experts in this Industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Sales Compensation Software Market, By Deployment Model, 2018-2021, 2022-2030 (USD Millions)
Global Sales Compensation Software Market Segment Percentages, By Deployment Model, 2021 (%)
- On-Premise
- Cloud
- Hybrid
Global Sales Compensation Software Market, By Component, 2018-2021, 2022-2030 (USD Millions)
Global Sales Compensation Software Market Segment Percentages, By Component, 2021 (%)
- Solution
- Services
Global Sales Compensation Software Market, By End User, 2018-2021, 2022-2030 (USD Millions)
Global Sales Compensation Software Market Segment Percentages, By End User, 2021 (%)
- Small Business
- Mid Market
- Enterprise
Global Sales Compensation Software Market, By Industry, 2018-2021, 2022-2030 (USD Millions)
Global Sales Compensation Software Market Segment Percentages, By Industry, 2021 (%)
- BFSI
- Healthcare
- Energy & Utility
- IT & Telecommunication
- Retail & E-commerce
- Manufacturing
- Government & Defense
- Media & Entertainment
- Others
Global Sales Compensation Software Market, By Region and Country, 2018-2021, 2022-2030 (USD Millions)
Global Sales Compensation Software Market Segment Percentages, By Region and Country, 2021 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of the Middle East & Africa
Competitor Analysis of the Global Sales Compensation Software Market
The report also provides an analysis of leading market participants, including:
- Key companies Sales Compensation Software revenues in the global market, 2018-2021 (Estimated), (USD Millions)
- Key companies Sales Compensation Software revenues share in global market, 2021 (%)
- Key companies Sales Compensation Software sales in the global market, 2018-2021 (Estimated), (MT)
- Key companies Sales Compensation Software sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market; key players include:
- SAP
- Oracle
- Xactly
- Anaplan
- NICE
- Varicent
- beqom
- Performio
- Incentives Solutions
- Optymyze
- Salesforce
- Iconixx
- Axtria
- Gryphon Networks
- CellarStone
- ZS
- Board
- Zoho
- SalesScreen
- Ascent Cloud
- Adventace
- Plecto
- Spotio
- Ambition
- Spinify
- Apttus
- Centrical
- Reflektive
- InnoVyne
- XANT
Why do you need to purchase this report?
- Understand the market's current and future in both established and emerging markets.
- Saves time on the entry-level research study as the report consists of considerable information on development, size, key players, and market sectors.
- The report will provide a deep-dive segmental analysis of all key geography and all key countries across the globe.
- The most recent advancements within the market and information of the market leaders along with their market share and techniques.
- Current, Historical, and projected size of the market from both value (USD million) and volume (units).
- 3-months of analyst support, along with the Market Estimate sheet (in excel)
Key Questions Answered in This Report:
- What will the market forecast and the growth rate from 2022 to 2030?
- What are the key trends and dynamics of the market?
- What are the top driving elements of the Industry?
- What are the obstacles developed to the market?
- Who are the leading companies with their market positioning share?
- How much can incremental dollar investment opportunities be witnessed in the market over the forecast period?
- Analysis of the companies and the market through SWOT, PORTER's, and PESTEL study.
