Global Social Customer Relationship Management (CRM) Software Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Enterprise Size ;
Large Enterprises and Small & Medium Enterprise.By Component ;
Solution and Services.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).Introduction
Global Social Customer Relationship Management (CRM) Software Market (USD Million), 2021 - 2031
In the year 2024, the Global Social Customer Relationship Management (CRM) Software Market was valued at USD 4,480.19 million. The size of this market is expected to increase to USD 16,051.46 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 20%.
The COVID-19 pandemic has had a significant impact on businesses, affecting profitability, innovation, and financial reserves. However, the growing adoption of digital technology and CRM tools is poised to drive digital transformation and optimization efforts across industries. CRM tools support various business functions, including marketing, sales, and customer service, leading to increased use of cloud technology and work collaboration tools, which in turn, aids in market growth.
Organizational departments such as sales & marketing and customer services & support are increasingly integrating CRM systems with AI to enhance customer experience and feedback, fostering stronger bonds with customers. For example, Salesforce, Inc. introduced CRM analytics with AI-powered insights for sales, marketing, and service teams across various industries, including BFSI, retail, and IT & telecom. These developments are expected to boost market growth by enabling organizations to better understand customer behavior and preferences and implement effective CRM strategies in real-time.
The increasing use of digital channels by customers to communicate with brands and organizations is anticipated to drive growth in the customer relationship management industry. Organizations are adopting CRM strategies to stay ahead of rivals by gaining insights into customer behavior. Rapid advancements in business intelligence, embedded analytics, IoT, and AI are promoting product enhancement and innovation among CRM vendors. For instance, Salesforce.com, Inc. announced new capabilities across digital 360 to help enterprises enhance their digital activities and deliver next-generation digital experiences, commerce, and marketing.
While large corporations have made significant investments in IT infrastructure, budget constraints have hindered Small and Medium Businesses (SMBs) from aggressively investing in IT infrastructure. However, futuristic CRM suites enable enterprises to gauge business performance and track sales trajectories, driving further market growth.
Global Social Customer Relationship Management (CRM) Software Market Recent Developments
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Insightly, Inc. offers CRM solutions for various industry verticals, such as real estate, consulting, technology, and small businesses. Insightly CRM is the company’s CRM solution that can be used to develop custom apps for organizations on the Insightly platform with calculated fields, validation rules, workflow automation, and reports & dashboards. It offers customized views and workflows based on business needs and user preferences.
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Creatio offers three CRM applications, namely Sales Creatio (sales force automation software), Marketing Creatio (marketing automation tool), and Service Creatio (help desk software).
Segment Analysis
The Global Social Customer Relationship Management (CRM) Software Market is witnessing robust growth across both large enterprises and small & medium enterprises (SMEs) segments.
Large enterprises are increasingly investing in advanced CRM software solutions to streamline their customer interactions, enhance customer engagement, and gain actionable insights into consumer behavior. These enterprises have extensive customer bases and complex business operations, driving the demand for sophisticated CRM platforms to manage their relationships effectively and efficiently.
On the other hand, SMEs are also recognizing the importance of CRM software in driving business growth and improving customer satisfaction. With the advent of cloud-based and subscription-based CRM solutions, SMEs now have access to affordable and scalable CRM software that can cater to their specific needs and budgets. As SMEs seek to compete with larger enterprises by offering superior customer experiences, the adoption of CRM software among this segment is expected to witness significant growth.
Overall, the global market for social CRM software is experiencing substantial expansion across both large enterprises and SMEs, driven by the increasing emphasis on customer-centric strategies and the growing recognition of CRM solutions as essential tools for business success.
Global Social Customer Relationship Management (CRM) Software Segment Analysis
In this report, the Global Social Customer Relationship Management (CRM) Software Market has been segmented by Enterprise Size, Component, Geography.
Global Social Customer Relationship Management (CRM) Software Market, Segmentation by Enterprise Size Outlook
The Global Social Customer Relationship Management (CRM) Software Market has been segmented by Enterprise Size into Large Enterprises ,Small & Medium Enterprise
Large enterprises are increasingly investing in advanced CRM software solutions to streamline their customer interactions, enhance customer engagement, and gain actionable insights into consumer behavior. These enterprises have extensive customer bases and complex business operations, driving the demand for sophisticated CRM platforms to manage their relationships effectively and efficiently.
On the other hand, SMEs are also recognizing the importance of CRM software in driving business growth and improving customer satisfaction. With the advent of cloud-based and subscription-based CRM solutions, SMEs now have access to affordable and scalable CRM software that can cater to their specific needs and budgets. As SMEs seek to compete with larger enterprises by offering superior customer experiences, the adoption of CRM software among this segment is expected to witness significant growth.
Overall, the global market for social CRM software is experiencing substantial expansion across both large enterprises and SMEs, driven by the increasing emphasis on customer-centric strategies and the growing recognition of CRM solutions as essential tools for business success.
Global Social Customer Relationship Management (CRM) Software Market, Segmentation by Component Outlook
In this report, the Global Social Customer Relationship Management (CRM) Software Market has been segmented by Component into Solution ,Services
The Solutions segment encompasses various software offerings designed to facilitate social CRM functionalities, including customer data management, social media monitoring and engagement, analytics and reporting, and campaign management. These solutions are tailored to help businesses effectively manage their social media interactions, analyze customer sentiments, and derive actionable insights to enhance their overall customer relationship management strategies.
In contrast, the Services segment comprises a range of professional and support services provided by CRM software vendors and third-party service providers. These services typically include implementation and integration services, training and consulting, customization and configuration, maintenance and support, and managed services. By offering comprehensive service packages, vendors aim to assist organizations in deploying and optimizing their social CRM software solutions, thereby maximizing their effectiveness in engaging with customers and driving business outcomes.
Together, the Solution and Services segments play pivotal roles in shaping the landscape of the Global Social Customer Relationship Management (CRM) Software Market, catering to the diverse needs and requirements of businesses seeking to harness the power of social media for customer engagement and relationship management.
Global Social Customer Relationship Management (CRM) Software Market, Segmentation by Geography
In this report, the Global Social Customer Relationship Management (CRM) Software Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Social Customer Relationship Management (CRM) Software Market Share (%), by Geographical Region, 2024
North America, comprising major economies like the United States and Canada, holds a significant share in the global market. The region is characterized by a robust adoption of social CRM software solutions among enterprises across various industries, driven by factors such as a high concentration of technology-savvy businesses, advanced digital infrastructure, and a strong emphasis on customer-centric strategies. Additionally, the presence of leading CRM software vendors and continuous innovation in social media technologies further propel market growth in this region.
Europe represents another lucrative market for social CRM software, supported by the widespread adoption of digital transformation initiatives and stringent regulations governing customer data privacy and protection. Countries like the United Kingdom, Germany, and France are witnessing substantial investments in social CRM solutions by organizations seeking to enhance customer engagement, loyalty, and brand reputation through effective social media management.
The Asia Pacific region is anticipated to register significant growth in the social CRM software market, attributed to rapid economic development, increasing internet penetration, and the proliferation of social media platforms across countries like China, India, and Japan. Rising digitalization efforts by businesses, coupled with a growing focus on improving customer experiences and relationships, are driving the adoption of social CRM solutions in this region.
In the Middle East and Africa, as well as Latin America, the adoption of social CRM software is gradually gaining momentum, fueled by the expanding presence of businesses on social media platforms and the rising awareness of the benefits of customer relationship management solutions. Despite some challenges related to infrastructure and regulatory constraints, these regions offer considerable growth opportunities for social CRM software vendors looking to expand their global footprint and tap into emerging markets.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Social Customer Relationship Management (CRM) Software Market. These factors include; Market Drivers, Restraints and Opportunities Analysis
Drivers, Restraints and Opportunity Analysis
Drivers :
- Rising Focus on Customer Engagement
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Growth of Social Media - Global Social Customer Relationship Management (CRM) Software Market is witnessing robust growth, largely fueled by the escalating prominence and influence of social media platforms. With the exponential rise in social media usage among consumers and businesses alike, organizations are increasingly recognizing the importance of effectively managing their interactions and relationships with customers across these digital channels.
Social media platforms serve as invaluable channels for customer engagement, allowing businesses to directly communicate with their target audience, gather valuable insights, and build stronger brand-customer relationships. As a result, there is a growing demand for sophisticated CRM software solutions that enable companies to streamline their social media interactions, track customer interactions and sentiments, and tailor personalized experiences to meet evolving consumer expectations.
Restraints :
- Data Privacy Concerns
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Integration Challenges - The Global Social Customer Relationship Management (CRM) Software Market faces various integration challenges, hindering seamless implementation across enterprises. One of the primary challenges stems from the diverse range of existing systems within organizations, including legacy CRM platforms, ERP systems, and other business applications. Integrating social CRM software with these disparate systems often requires extensive customization and configuration, leading to complexities in data synchronization, workflow automation, and user adoption.
Moreover, interoperability issues between social CRM solutions and external platforms, such as social media channels, marketing automation tools, and analytics platforms, pose additional hurdles. Ensuring smooth data exchange and compatibility between different systems can be challenging, particularly when dealing with evolving social media APIs, data formats, and privacy regulations. This complexity can impede the seamless flow of information and insights across the organization, limiting the effectiveness of social CRM initiatives.
Opportunities :
- Social Media Analytics
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Expansion into New Markets - The global social customer relationship management (CRM) software market is witnessing a notable trend of expansion into new markets, driven by various factors shaping the dynamics of customer engagement and relationship management. With businesses increasingly recognizing the significance of leveraging social media platforms for effective customer interaction, CRM software providers are exploring opportunities to expand their presence into previously untapped markets.
One key driver of this expansion is the growing demand for CRM solutions in emerging economies across regions like Asia Pacific, Latin America, and Africa. These regions are experiencing rapid economic growth, urbanization, and digitalization, leading to an uptick in the adoption of social media platforms among businesses and consumers alike. As organizations in these markets seek to enhance their customer engagement strategies and capitalize on the vast potential of social media for marketing, sales, and service, the need for robust CRM software solutions becomes paramount.
Competitive Landscape Analysis
Key players in Global Social Customer Relationship Management (CRM) Software Market include;
- Jive Software
- Lithium Technologies
- Oracle
- Salesforce.com
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Enterprise Size
- Market Snapshot, By Component
- Market Snapshot, By Region
- Global Social Customer Relationship Management (CRM) Software Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Rising Focus on Customer Engagement
- Growth of Social Media
- Restraints
- Data Privacy Concerns
- Integration Challenges
- Opportunities
- Social Media Analytics
- Expansion into New Markets
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
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Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Social Customer Relationship Management (CRM) Software Market, By Enterprise Size , 2021 - 2031 (USD Million)
- Large Enterprises
- Small Enterprise
- Medium Enterprise
- Global Social Customer Relationship Management (CRM) Software Market, By Component, 2021 - 2031 (USD Million)
- Solution
- Services
- Global Social Customer Relationship Management (CRM) Software Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Social Customer Relationship Management (CRM) Software Market, By Enterprise Size , 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Salesforce.com
- Oracle
- Lithium Technologies
- Jive Software
- Company Profiles
- Analyst Views
- Future Outlook of the Market