CRM Market in India 2014, New Report Launched

CRM Market in India 2014 research report highlights the growing importance for CRM in today’s business scenario. Given the increased competition among firms these days, the adoption of a CRM strategy is starting to become more and more crucial. Irrespective of their size, businesses today are more inclined to adopt a CRM strategy to manage and create relationships with customers in an effective manner.

The need for a CRM solution has now emerged as a crucial factor for success for almost all organizations. India is a developing market and most Indian firms are recognizing the importance of implementing a CRM solution that addresses the market effectively. In terms of processes & functions, CRM can be broadly categorized into four segments - Operational CRM, Analytical CRM, Sales Intelligence CRM and Collaborative CRM. CRM modules cater to three essential areas of customer relationship leading to customer retention and acquisition. Apart from the fact that it is easy to implement, integrate & use, CRM offers remote access, multi-channel interaction, analytical operation, and campaign management tools in a customized interface as required by the client.

The key factors driving the growth of the CRM market include better relationships with customers that often lead to an increase in sales, global competence and improving cost efficiencies. Given the fact that these drivers are accelerating the growth of the CRM market, there are also certain bottlenecks that might prove to be a hindrance in preventing firms from adopting a CRM solution. The expected growth rate and revenue over the coming 5 years from this market is quite high. Also, the investment in this sector is significantly high as compared to other IT services, thereby clearly indicating that the revenues that will be generated from this market are expected to be huge. The market is dominated by private players with most of them being foreign companies. But, with the market growing more and more, players with new solutions are coming up. With new trends of mobile and social CRM gaining importance and the concept of KYC gaining in significance, the CRM market is expected to boom over the coming decade.

Spanning over 112 pages, “CRM Market in India 2014” report covering the Macro Economic Indicators, Introduction, Market Overview, Types, Modules & Features, CRM Use in SMBs, CRM Selection Criteria, Drivers & Challenges, Key Trends, Scope of CRM in Key Sectors, Competitive Landscape, Strategic Recommendations, Appendix. The report covered companies are - Amdocs Ltd., Adobe Systems India Pvt. Ltd., CDC Software India Pvt. Ltd., Cegedim Software India Pvt. Ltd., IBM India Pvt. Ltd., Kallos Solutions Pvt. Ltd., Microsoft Corporation (India) Pvt. Ltd., Oracle Software India Pvt. Ltd., Sage Software India Pvt. Ltd., Salesforce.com India Pvt. Ltd., SAP India Pvt. Ltd., Talisma Corporation Pvt. Ltd.

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