New York, NY -- (SBWIRE) -- 09/04/2017 -- Lead management is business-to-business and direct-to-consumer oriented set of practices, methodologies and systems intended to generate and to qualify new potential business prospects. Lead management is usually functioned by various marketing programs or campaigns. Lead management maintains business relations between its outgoing consumer advertising and the replies to that advertising. Lead management aids in customer relationship management (CRM) and sales management. Lead management involves the acquisition of new customers, market brand identity and selling to current clienteles which enables business profitability.

Lead management requires in various stages of a sales procedure and across a distributed sales force. In this modern era, this process has speedily become technology-centric and shifted from manual workload to automation systems. Therefore, the lead management market is estimated to grow during the ten year forecast period.

The drivers which are driving the lead management market are, rapid establishment of new industries or enterprises, large global company purchases, growing adoption among the small or midsize businesses (SMBs) and changing customer or consumer buying patterns.

Some challenges which are hampering on the lead management growth such as, need to convince channel partners about fair lead distribution system and to catch up their attention and follow of leads, report back on leads those have sent to sales representatives, Getting multi-line partners to sell our product vs. a competitor's product, need to convince channel managers leads should not have to be manually revised before it can be allocated, and market strategies include complex mixtures of direct selling offices and resellers (competing or overlapping territories, major accounts assignments, differences in product focus, expertise or capabilities, lead sources tied to specific program funding).

Globally, North America is leading the lead management market followed by Latin America and the Asia-Pacific.

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The prominent players operating in lead management are Salesforce, Oracle, SAP, IBM, Microsoft, Siebel CRM Systems, Inc. (US), MarketNet (US), Vovici-Verint (US), Pipedrive, Inside sales box, Drishti, Sales optimize, ProsperWorks, Zoho, Nutshell, Marketo and Hubspot.

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