The partner relationship management solution market comprises a host of relationship management and partner enablement tools that help organizations build seamless collaboration with external stakeholders to drive revenues. Partner relationship management solutions encompass features like enablement of joint campaigns and promotions, provision of sales and marketing resources, performance tracking, compliance management, and analytics. By centralizing partner information and streamlining communication, these solutions allow enterprises to leverage the capabilities of channel partners for bolstering sales, expanding geographical reach, and gaining market share.
The global partner relationship management solution market is estimated to be valued at US$ 21.74 Bn in 2024 and is expected to exhibit a CAGR of 16.% over the forecast period 2024 to 2031.
Key players operating in the partner relationship management solution market incorporate Amcor plc, Berry Global Inc., DS Smith Plc, Mondi Group, Sonoco Products Company, Sealed Air Corporation, Stora Enso Oyj, Winpak Ltd., Constantia Flexibles Group GmbH, and Huhtamaki Oyj.
Key Takeaways
Key players: Key players operating in the partner relationship management solution market are Amcor plc, Berry Global Inc., DS Smith Plc, Mondi Group, Sonoco Products Company, Sealed Air Corporation, Stora Enso Oyj, Winpak Ltd., Constantia Flexibles Group GmbH, and Huhtamaki Oyj.
Key opportunities: The Partner Relationship Management Solution Market Size is expected to witness lucrative opportunities due to growth in digitalization and deployment of advanced technologies by organizations to strengthen collaborative business partnerships.
Global expansion: Vendors in the partner relationship management solution market are focusing on global expansion by enhancing their geographical footprint through strategic collaborations and acquisitions to tap into high-growth markets.
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