Product Code: PM3856
The global sales compensation software market size is expected to reach USD 5,628.73 million by 2032, according to a new study by Polaris market research. The report "Sales Compensation Software Market Share, Size, Trends, Industry Analysis Report, By Deployment Type (Cloud, On-premise); By End Use; By Enterprise Size; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Sales compensation is becoming crucial for organizations to manage efficient sales employees in the workplace. Compensation software enables the precise calculation and diffusion of salaries based on employee performance. This minimizes the errors in salary received by employees and ensures compensation based on their work performance. Payscale, a compensation data software provider, released the results of its Compensation Best Practices Report. Based on the report, 55% of organizations believe that managing compensation will be more difficult in 2023, suggesting a growing demand for cutting-edge solutions to manage complex compensation arrangements.
Additionally, a greater emphasis on transparency and fairness in compensation practices in various domains like sales is driving demand for this software. The number of employees listing compensation on job postings has more than doubled to 45% compared to the previous year. This is creating new issues among enterprises in determining the sales compensation for their employees, driving demand soon.
The market for sales compensation software is expanding as a result of several factors, including the changing nature of compensation management and the demand for accuracy when handling intricate compensation plans. Employers are giving employees larger wage raises in 2023 than they did in earlier years, according to recent Mercer research. The average salary raise for workers in 2022 was roughly 3.4 percent, while the overall increase in all forms of pay was about 3.8 percent.
The need for sophisticated sales compensation software solutions is growing as organizations manage these complicated pay adjustments with more caution. In order to compute and distribute various compensation aspects, the program offers a streamlined platform fairly and transparently. Enterprises are looking forward to building effective strategies in managing sales compensation, as there has been a rapid hike in compensation since the 2008 financial crisis.
Sales Compensation Software Market Report Highlights
Cloud segment will grow at the rapid pace, due to the remote accessibility to the software.
IT & telecom segment held the largest share, owing to the rising emphasis on personalized sales incentives.
Large enterprises segment dominated the market, primarily due to the complex sales workforce.
North America held the largest share, primarily due to rising employee expectation of a salary hike.
The global players include: SAP, Oracle, Performio, Iconic Sales Compensation Software, Optymyze, ZS Associates, IBM, CellarStone, Anaplan & Quota Path.
Polaris market research has segmented the sales compensation software market report based on deployment type, end use, enterprise size and region:
Sales Compensation Software, Deployment Type Outlook (Revenue - USD Million, 2019 - 2032)
Sales Compensation Software, End Use Outlook (Revenue - USD Million, 2019 - 2032)
- BFSI
- Energy & Utilities
- Manufacturing
- Healthcare
- Retail
- Education
- Government
- Information Technology (IT) & Telecom
Sales Compensation Software, Enterprise Size Outlook (Revenue - USD Million, 2019 - 2032)
Sales Compensation Software, Regional Outlook (Revenue - USD Million, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Sales Compensation Software Market Insights
- 4.1. Sales Compensation Software Market - Enterprise Size Snapshot
- 4.2. Sales Compensation Software Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Technological advancements and increasing automation in industries propelling the demand for sales compensation software
- 4.2.1.2. Rapidly growing IT and telecommunications sectors raised demand for cloud computing
- 4.2.2. Restraints and Challenges
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Sales Compensation Software Market Enterprise Size Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Sales Compensation Software Market, by End Use
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Sales Compensation Software Market, by End Use, 2019-2032 (USD Million)
- 5.3. BFSI
- 5.3.1. Global Sales Compensation Software Market, by BFSI, by Region, 2019-2032 (USD Million)
- 5.4. Energy & Utilities
- 5.4.1. Global Sales Compensation Software Market, by Energy & Utilities, by Region, 2019-2032 (USD Million)
- 5.5. Manufacturing
- 5.5.1. Global Sales Compensation Software Market, by Manufacturing, by Region, 2019-2032 (USD Million)
- 5.6. Healthcare
- 5.6.1. Global Sales Compensation Software Market, by Healthcare, by Region, 2019-2032 (USD Million)
- 5.7. Retail
- 5.7.1. Global Sales Compensation Software Market, by Retail, by Region, 2019-2032 (USD Million)
- 5.8. Education
- 5.8.1. Global Sales Compensation Software Market, by Education, by Region, 2019-2032 (USD Million)
- 5.9. Government
- 5.9.1. Global Sales Compensation Software Market, by Government, by Region, 2019-2032 (USD Million)
- 5.10. Information Technology (IT) & Telecom
- 5.10.1. Global Sales Compensation Software Market, by Information Technology (IT) & Telecom, by Region, 2019-2032 (USD Million)
6. Global Sales Compensation Software Market, by Deployment Type
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Sales Compensation Software Market, by Deployment Type, 2019-2032 (USD Million)
- 6.3. Cloud
- 6.3.1. Global Sales Compensation Software Market, by Cloud, by Region, 2019-2032 (USD Million)
- 6.4. On-premise
- 6.4.1. Global Sales Compensation Software Market, by On-premise, by Region, 2019-2032 (USD Million)
7. Global Sales Compensation Software Market, by Enterprise Size
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Sales Compensation Software Market, by Enterprise Size, 2019-2032 (USD Million)
- 7.3. SMEs
- 7.3.1. Global Sales Compensation Software Market, by SMEs, By Region, 2019-2032 (USD Million)
- 7.4. Large Enterprises
- 7.4.1. Global Sales Compensation Software Market, by Large Enterprises, By Region, 2019-2032 (USD Million)
8. Global Sales Compensation Software Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Sales Compensation Software Market Assessment, By Geography, 2019-2032 (USD Million)
- 8.3. Sales Compensation Software Market - North America
- 8.3.1. North America: Sales Compensation Software Market, by End Use, 2019-2032 (USD Million)
- 8.3.2. North America: Sales Compensation Software Market, by Enterprise Size, 2019-2032 (USD Million)
- 8.3.3. North America: Sales Compensation Software Market, by Deployment Type, 2019-2032 (USD Million)
- 8.3.4. Sales Compensation Software Market - U.S.
- 8.3.4.1. U.S.: Sales Compensation Software Market, by End Use, 2019-2032 (USD Million)
- 8.3.4.2. U.S.: Sales Compensation Software Market, by Enterprise Size, 2019-2032 (USD Million)
- 8.3.4.3. U.S.: Sales Compensation Software Market, by Deployment Type, 2019-2032 (USD Million)
- 8.3.5. Sales Compensation Software Market - Canada
- 8.3.5.1. Canada: Sales Compensation Software Market, by End Use, 2019-2032 (USD Million)
- 8.3.5.2. Canada.: Sales Compensation Software Market, by Enterprise Size, 2019-2032 (USD Million)
- 8.3.5.3. Canada: Sales Compensation Software Market, by Deployment Type, 2019-2032 (USD Million)
- 8.4. Sales Compensation Software Market - Europe
- 8.4.1. Europe: Sales Compensation Software Market, by End Use, 2019-2032 (USD Million)
- 8.4.2. Europe.: Sales Compensation Software Market, by Enterprise Size, 2019-2032 (USD Million)
- 8.4.3. Europe: Sales Compensation Software Market, by Deployment Type, 2019-2032 (USD Million)
- 8.4.4. Sales Compensation Software Market - UK
- 8.4.4.1. UK: Sales Compensation Software Market, by End Use, 2019-2032 (USD Million)
- 8.4.4.2. UK.: Sales Compensation Software Market, by Enterprise Size, 2019-2032 (USD Million)
- 8.4.4.3. UK: Sales Compensation Software Market, by Deployment Type, 2019-2032 (USD Million)
- 8.4.5. Sales Compensation Software Market - France
- 8.4.5.1. France: Sales Compensation Software Market, by End Use, 2019-2032 (USD Million)
- 8.4.5.2. France.: Sales Compensation Software Market, by Enterprise Size, 2019-2032 (USD Million)
- 8.4.5.3. France: Sales Compensation Software Market, by Deployment Type, 2019-2032 (USD Million)
- 8.4.6. Sales Compensation Software Market - Germany
- 8.4.6.1. Germany: Sales Compensation Software Market, by End Use, 2019-2032 (USD Million)
- 8.4.6.2. Germany.: Sales Compensation Software Market, by Enterprise Size, 2019-2032 (USD Million)
- 8.4.6.3. Germany: Sales Compensation Software Market, by Deployment Type, 2019-2032 (USD Million)
- 8.4.7. Sales Compensation Software Market - Italy
- 8.4.7.1. Italy: Sales Compensation Software Market, by End Use, 2019-2032 (USD Million)
- 8.4.7.2. Italy.: Sales Compensation Software Market, by Enterprise Size, 2019-2032 (USD Million)
- 8.4.7.3. Italy: Sales Compensation Software Market, by Deployment Type, 2019-2032 (USD Million)
- 8.4.8. Sales Compensation Software Market - Spain
- 8.4.8.1. Spain: Sales Compensation Software Market, by End Use, 2019-2032 (USD Million)
- 8.4.8.2. Spain.: Sales Compensation Software Market, by Enterprise Size, 2019-2032 (USD Million)
- 8.4.8.3. Spain: Sales Compensation Software Market, by Deployment Type, 2019-2032 (USD Million)
- 8.4.9. Sales Compensation Software Market - Netherlands
- 8.4.9.1. Netherlands: Sales Compensation Software Market, by End Use, 2019-2032 (USD Million)
- 8.4.9.2. Netherlands.: Sales Compensation Software Market, by Enterprise Size, 2019-2032 (USD Million)
- 8.4.9.3. Netherlands: Sales Compensation Software Market, by Deployment Type, 2019-2032 (USD Million)
- 8.4.10. Sales Compensation Software Market - Russia
- 8.4.10.1. Russia: Sales Compensation Software Market, by End Use, 2019-2032 (USD Million)
- 8.4.10.2. Russia.: Sales Compensation Software Market, by Enterprise Size, 2019-2032 (USD Million)
- 8.4.10.3. Russia: Sales Compensation Software Market, by Deployment Type, 2019-2032 (USD Million)
- 8.5. Sales Compensation Software Market - Asia Pacific
- 8.5.1. Asia Pacific: Sales Compensation Software Market, by End Use, 2019-2032 (USD Million)
- 8.5.2. Asia Pacific.: Sales Compensation Software Market, by Enterprise Size, 2019-2032 (USD Million)
- 8.5.3. Asia Pacific: Sales Compensation Software Market, by Deployment Type, 2019-2032 (USD Million)
- 8.5.4. Sales Compensation Software Market - China
- 8.5.4.1. China: Sales Compensation Software Market, by End Use, 2019-2032 (USD Million)
- 8.5.4.2. China.: Sales Compensation Software Market, by Enterprise Size, 2019-2032 (USD Million)
- 8.5.4.3. China: Sales Compensation Software Market, by Deployment Type, 2019-2032 (USD Million)
- 8.5.5. Sales Compensation Software Market - India
- 8.5.5.1. India: Sales Compensation Software Market, by End Use, 2019-2032 (USD Million)
- 8.5.5.2. India.: Sales Compensation Software Market, by Enterprise Size, 2019-2032 (USD Million)
- 8.5.5.3. India: Sales Compensation Software Market, by Deployment Type, 2019-2032 (USD Million)
- 8.5.6. Sales Compensation Software Market - Malaysia
- 8.5.6.1. Malaysia: Sales Compensation Software Market, by End Use, 2019-2032 (USD Million)
- 8.5.6.2. Malaysia.: Sales Compensation Software Market, by Enterprise Size, 2019-2032 (USD Million)
- 8.5.6.3. Malaysia: Sales Compensation Software Market, by Deployment Type, 2019-2032 (USD Million)
- 8.5.7. Sales Compensation Software Market - Japan
- 8.5.7.1. Japan: Sales Compensation Software Market, by End Use, 2019-2032 (USD Million)
- 8.5.7.2. Japan.: Sales Compensation Software Market, by Enterprise Size, 2019-2032 (USD Million)
- 8.5.7.3. Japan: Sales Compensation Software Market, by Deployment Type, 2019-2032 (USD Million)
- 8.5.8. Sales Compensation Software Market - Indonesia
- 8.5.8.1. Indonesia: Sales Compensation Software Market, by End Use, 2019-2032 (USD Million)
- 8.5.8.2. Indonesia.: Sales Compensation Software Market, by Enterprise Size, 2019-2032 (USD Million)
- 8.5.8.3. Indonesia: Sales Compensation Software Market, by Deployment Type, 2019-2032 (USD Million)
- 8.5.9. Sales Compensation Software Market - South Korea
- 8.5.9.1. South Korea: Sales Compensation Software Market, by End Use, 2019-2032 (USD Million)
- 8.5.9.2. South Korea.: Sales Compensation Software Market, by Enterprise Size, 2019-2032 (USD Million)
- 8.5.9.3. South Korea: Sales Compensation Software Market, by Deployment Type, 2019-2032 (USD Million)
- 8.6. Sales Compensation Software Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Sales Compensation Software Market, by End Use, 2019-2032 (USD Million)
- 8.6.2. Middle East & Africa.: Sales Compensation Software Market, by Enterprise Size, 2019-2032 (USD Million)
- 8.6.3. Middle East & Africa: Sales Compensation Software Market, by Deployment Type, 2019-2032 (USD Million)
- 8.6.4. Sales Compensation Software Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Sales Compensation Software Market, by End Use, 2019-2032 (USD Million)
- 8.6.4.2. Saudi Arabia.: Sales Compensation Software Market, by Enterprise Size, 2019-2032 (USD Million)
- 8.6.4.3. Saudi Arabia: Sales Compensation Software Market, by Deployment Type, 2019-2032 (USD Million)
- 8.6.5. Sales Compensation Software Market - UAE
- 8.6.5.1. UAE: Sales Compensation Software Market, by End Use, 2019-2032 (USD Million)
- 8.6.5.2. UAE.: Sales Compensation Software Market, by Enterprise Size, 2019-2032 (USD Million)
- 8.6.5.3. UAE: Sales Compensation Software Market, by Deployment Type, 2019-2032 (USD Million)
- 8.6.6. Sales Compensation Software Market - Israel
- 8.6.6.1. Israel: Sales Compensation Software Market, by End Use, 2019-2032 (USD Million)
- 8.6.6.2. Israel.: Sales Compensation Software Market, by Enterprise Size, 2019-2032 (USD Million)
- 8.6.6.3. Israel: Sales Compensation Software Market, by Deployment Type, 2019-2032 (USD Million)
- 8.6.7. Sales Compensation Software Market - South Africa
- 8.6.7.1. South Africa: Sales Compensation Software Market, by End Use, 2019-2032 (USD Million)
- 8.6.7.2. South Africa.: Sales Compensation Software Market, by Enterprise Size, 2019-2032 (USD Million)
- 8.6.7.3. South Africa: Sales Compensation Software Market, by Deployment Type, 2019-2032 (USD Million)
- 8.7. Sales Compensation Software Market - Latin America
- 8.7.1. Latin America: Sales Compensation Software Market, by End Use, 2019-2032 (USD Million)
- 8.7.2. Latin America.: Sales Compensation Software Market, by Enterprise Size, 2019-2032 (USD Million)
- 8.7.3. Latin America: Sales Compensation Software Market, by Deployment Type, 2019-2032 (USD Million)
- 8.7.4. Sales Compensation Software Market - Mexico
- 8.7.4.1. Mexico: Sales Compensation Software Market, by End Use, 2019-2032 (USD Million)
- 8.7.4.2. Mexico.: Sales Compensation Software Market, by Enterprise Size, 2019-2032 (USD Million)
- 8.7.4.3. Mexico: Sales Compensation Software Market, by Deployment Type, 2019-2032 (USD Million)
- 8.7.5. Sales Compensation Software Market - Brazil
- 8.7.5.1. Brazil: Sales Compensation Software Market, by End Use, 2019-2032 (USD Million)
- 8.7.5.2. Brazil.: Sales Compensation Software Market, by Enterprise Size, 2019-2032 (USD Million)
- 8.7.5.3. Brazil: Sales Compensation Software Market, by Deployment Type, 2019-2032 (USD Million)
- 8.7.6. Sales Compensation Software Market - Argentina
- 8.7.6.1. Argentina: Sales Compensation Software Market, by End Use, 2019-2032 (USD Million)
- 8.7.6.2. Argentina.: Sales Compensation Software Market, by Enterprise Size, 2019-2032 (USD Million)
- 8.7.6.3. Argentina: Sales Compensation Software Market, by Deployment Type, 2019-2032 (USD Million)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. SAP
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Oracle
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. Performio
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. Iconic Sales Compensation Software
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. Optymyze
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. Xactly
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. NICE Systems
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. Apttus
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. NetSuite
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. Commissionly
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
- 10.11. ZS Associates
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
- 10.12. IBM
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development
- 10.13. CellarStone
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Product Benchmarking
- 10.13.4. Recent Development
- 10.14. Anaplan & Quota Path
- 10.14.1. Company Overview
- 10.14.2. Financial Performance
- 10.14.3. Product Benchmarking
- 10.14.4. Recent Development