target audience: TECH SUPPLIER Publication date: Jun 2022 - Document type: Market Forecast - Doc Document number: # EUR147887422
European CRM Applications Forecast, 2022-2026
This IDC study analyzes and sizes the European CRM applications market for 2021 and provides forecasts for 2022-2026. IDC divides the CRM applications market into the six functional markets — advertising, contact center, customer service, digital commerce, marketing, and sales applications — and by European country/region.
"The European CRM applications market is continuing its positive growth trajectory into 2022 and beyond. While the market is showing signs of maturing, IDC still expects a five-year CAGR just shy of 10%. The customer service and marketing applications segments are particularly buoyant, as customer-centricity initiatives related to customer listening and engagement and the underlying customer analytics trigger investments in these two functional markets," said Van Valdez, associate research director, European Customer Experience, IDC.