Salesforce‘s (NYSE: CRM) stock has tripled over the past five years as it’s impressed investors with its robust revenue growth and stabilizing profits. But can the cloud services company replicate those gains over the next five years? Let’s take a closer look at its long-term tailwinds to find out.
Salesforce controlled 19.8% of the global customer relationship management (CRM) market in the first half of 2020, according to IDC. The firm has named Salesforce the market leader for seven straight years.
Salesforce’s four closest rivals — SAP, Oracle, Microsoft, and Adobe — held a combined share of just 17.8% in the first half of 2020. It’s doubtful those rivals will catch up to Salesforce within the next five years.