French Pharmaceutical Industry Continues to Grow, which Provides an Important Impetus for SaaS-based CRM Software Industry

The full name of CRM is Customer Relationship Management, which means that enterprises use corresponding information technology and Internet technology to coordinate the interaction between enterprises and customers in sales, marketing and service, so as to improve their management methods and provide innovative, personalized customer interaction and service to customers. The ultimate goal is to attract new customers, retain old customers and convert existing customers into loyal customers. In different contexts, CRM may be a management term, it may be a software system. CRM, as it is often referred to, is a software system that uses computers to automate the analysis of sales, marketing, customer service and application processes. Its goal is to reduce sales cycles and cost of sales, increase revenue, and find new markets and channels for business expansion by increasing customer value, satisfaction, profitability, and loyalty. CRM is a business strategy for selecting and managing valuable customers and their relationships. It requires a customer-centric corporate culture to support effective marketing, sales and service processes.

SaaS is short for Software-As-A-Service. With the development of Internet technology and the maturity of application Software, SaaS has emerged as a completely innovative Software application model in the 21st century.  It has similar meanings with On-demand Software, the Application Service Provider (ASP) and Hosted Software. It is a kind of mode that provides software vendors through the Internet. Vendors deploy application software on their own server and customers can order application software services from the vendor over the Internet based on their own requirements, and pay for the ordered services and the service duration. In addition, they can obtain services from the vendor over the Internet.    

The price of SaaS applications is usually an All-inclusive fee, which includes the usual application license fee, software maintenance fee, and technical support fee, lumped together as a monthly rental fee for per user. For the majority of small and medium-sized enterprises, SaaS is the best way to use advanced technology to implement information. But SaaS is not just for small and medium-sized businesses. Businesses of all sizes can benefit from SaaS. In this mode, customers no longer spend a lot of investment on hardware, software and personnel as in the traditional mode, but only need to spend a certain amount of rental service fees, through the Internet, they can enjoy the corresponding hardware, software and maintenance services and enjoy the right to use the software and constantly upgrade; Corporate projects no longer require a lot of time to lay out the system like the traditional model, most can be used through simple configuration. This is the most profitable business model for web applications. 

CRM software can be divided into cloud-based and on-premises according to their different attributes. Currently, cloud-based products are widely used, accounting for 71.12% of the market in 2020. In terms of the use of CRM, its audience is mainly small and medium-sized enterprises. In 2020, the market share of small and medium-sized enterprises in this industry was 74.16%, while the market share of large enterprises is relatively low, for 25.84%.

French SaaS-based CRM Software Industry Market Status and Forecast 

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After a period of development, the industry has entered a mature stage.  According to the data, the northern region of France is the largest revenue market of the industry, accounting for 34.87% of the national market in 2020, with a market value of $340.36 million; The southeast ranked second with $209.3 million market value and 21.44% market share. In addition, data show that the market share of the northern region in the industry is still rising, and is expected to grow to 35.10% by 2027. In western France, CRM software market based on SaaS is also developing well, and its market share is increasing year by year. In the other three regions, growth is declining. 

The SaaS-based CRM software industry is highly concentrated. Globally, the top 3 companies in the industry are all from the United States and occupy more than 95% of the market. The top three companies are Ocracle, Microsoft and IBM, with a market share of 43.30%, 33.37% and 20.16% in 2020, respectively.

According to our research, the total market value of the Saas-based CRM software industry in France was $657.58 million in 2015, and the growth of the industry stabilized between 2015 and 2020, and grew to $976.21 million by 2020. Based on this, we performed a series of functional calculations and derived the data for the next 7 years using a scientific model. Finally, we predicted that by 2027, the total market value of CRM software industry based on SaaS in France would be $1788.67 million. 

The Continuous Development of French Pharmaceutical Industry Provides an Important Impetus for the Development of Its SaaS-based CRM Software Industry 

France is a traditional chemical power, but also the leading pharmaceutical power in the world. In particular, it has outstanding advantages in the chemical preparation industry and is in a leading position in Europe and the world. The pharmaceutical industry is one of the pillar industries of France, and its great contribution to the economy and employment promotion makes the French government attach great importance to the development of this industry. The French pharmaceutical industry is highly concentrated and mostly small and medium-sized enterprises.  For the CRM system, it can provide timely and accurate information to healthcare representatives. Medical representatives must be ready to respond quickly and readily to customer inquiries or other needs, such as registration of nominations for medical activities, response to drug safety issues, etc. With the further improvement of informatization and networking, the system has been able to passively meet the query requests of medical representatives in the past. Now it is necessary to analyze customers with big data and provide some insights and behavior suggestions for medical representatives in advance. Learned by big data, for example, a key customer recently attended the conference in a particular field, the CRM system will push the information to the medical representatives, and provide some suggestions, such as providing related latest research documents. Medical representatives can choose to send the documents directly or learn about the documents themselves and then communicate with the client about the latest documents through face-to-face interviews, achieving a win-win situation.   

In addition, CRM has helped hundreds of healthcare companies achieve their market goals. CRM can predict the healthcare needs of the industry in the future, providing hospitals, companies and doctors with a significant return on investment. The industry covers a very broad demographic area, and customer data is changing, increasing or decreasing all the time, which can be maintained more flexibly through CRM. Therefore, the continuous development of the French pharmaceutical industry provides an important impetus for the development of the SaaS-based CRM software market.

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