View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
December 26, 2011

Worldwide CRM applications market forecast to reach $18.2bn in 2011: study

It is expected to register an increase of 11% from 2010, says IDC

By CBR Staff Writer

Worldwide CRM Applications market is expected to reach $18.2bn in 2011, an increase of 11% from 2010, According to International Data Corporation (IDC) in its latest results from the Worldwide Semiannual Customer Relationship Management (CRM) Applications Tracker.

IDC associate vice president Worldwide Software Trackers Wilvin Chee said the global CRM applications market recorded a very strong performance in the first half of this year, with revenues totaling $9.2bn. "The semiannual year-on-year growth of 13.3% was a third stronger than what it was a year ago," said Chee.

Out of the four functional markets, sales, marketing, and customer service are each expected to achieve double-digit growth in 2011. While the Contact Centre functional is not forecast to follow suit, it is nevertheless expected to recover very strongly from a prior year decline of 3.6%. In terms of geography, Americas and Europe will be registering at least double the growth of 2010.A total of 18 vendors (two more than during the first half of 2010) achieved revenues of more than $100m revenue during the first half of 2011 (1H11). Combined, these vendors captured a total market share of 63% with the remainder shared among 170 vendors and others. The two new vendors that surpassed the $100m revenue mark in 1H11 were Nuance Communications and Reynolds & Reynolds.

Oracle remained the number 1 CRM vendor worldwide, growing above the market average and the only vendor that earned double-digit market share (13.2%) during the first half of 2011. Salesforce.com continued to impress with the best year-over-year growth (22.6%) among the top 10 vendors during the same period and moving into the number 2 position worldwide for the first time since IDC started tracking the market semiannually in 2008. Within the top 10, SAP and NICE Systems were the other vendors that had stronger than overall market growth.

Content from our partners
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU