CRM Market in India 2013 by winaarkstore


									                            CRM Market in India 2013
Aarkstore Enterprise (India), May 27th , 2013: The new report, ‘CRM Market in India’,
states that over the years CRM has evolved from point solution to 360 degree enterprise-
wide initiative in India. As of now, CRM implementation in India is mainly focused on
marketing & campaign management. CRM market is witnessing a steady growth with an
increasing trend of expenditure on CRM across the world. In India, on-premise solutions
have higher traction than cloud solutions unlike developed nations such as United States
and United Kingdom.

In terms of process & function CRM can be broadly categorized in four segments - Operation
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.
CRM is easy to implement, integrate & use and it offers remote access, multi-channel
interaction, analytical operation, campaign management tools in a customized interface as
required by the client.

Large presence of SMBs in India has proven to be highly beneficial for CRM vendors. CRM
adoption by SMBs is facilitated by both private players and government activities while the
barriers to adoption are mostly internal.

CRM adoption is driven by enhancement of customer care operations and achievement of
global standards. Further cost reduction capability of CRM and availability of technologically
sound personnel are also catalyzing CRM adoption. However, high cost associated with CRM
solutions and low awareness regarding its advantages hinders its implementation.

Transparency is at the forefront of the changing CRM landscape. India is becoming a
promising market for mobile CRM owing to skyrocketing adoption trend in mobile devices.
Social CRM offers open-ended interaction amongst employees & numerous consumers in the
social networks. Cloud Computing is catching up with the on-premise ICT solutions,
especially Software-as-a-Service (SaaS). Despite a rise in implementation of CRM in the
Indian industries there exists further scope for growth.

To read Full report please check the link:

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