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Customer Relationship Management Market in 2021-2027
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Global Customer Relationship Management Market (2021 to 2027) - by Component, Enterprise Size, Deployment Type, Application, End-user and Region
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Partner Relationship Management Market projected to reach $1,997 million by 2026, with a remarkable CAGR of 13 8%
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The publisher estimates the global PRM market size would grow from USD 920 million in 2020 to USD 1,997 million by 2026, at a Compound Annual Growth Rate (CAGR) of 13.8% during the forecast period.
The PRM market revenue is primarily classified into revenues from solutions and services. Solutions revenue is associated with a variety of solutions such as engage, collaborate, and manage and services revenue is associated with services including managed services and training, consulting, and implementation services. The market is also segmented based on component, deployment type, organization size, vertical, and region.
The key factors that are expected to drive the growth of the market need to control the functional relationship between organizations and external partner channels and focus on the enhancement of partner communication and reduction in channel management costs.