The church management software market will register a CAGR of over 5% by 2023
May 15 2019 - 8:25PM
PR Newswire (US)
NEW YORK, May 15, 2019 /PRNewswire/ -- About this
market
The increasing number of vendors offering low-cost, trial versions
of church management software will propel the market growth in the
forthcoming years. Vendors are offering trial versions for
providing churches a chance to try and test the software and let
them decide if they want to buy it or not. Some vendors are also
providing a free trial version of the software with limited
features for attracting new customers and gain significantly higher
market shares. As a result, the continuously increasing number of
vendors offering low-cost software will surge considerably during
the forecast period. Analysts have predicted that the church
management software market will register a CAGR of over 5% by
2023.
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Market Overview
Vendors offering low-cost, trial versions of church management
software
One of the growth drivers of the global church management software
market is the vendors offering low-cost, trial versions of church
management software. The availability of low-cost and free, trial
versions of church management software will attract more churches
to try this solution which will drive the growth of the market.
Lack of awareness and improper selection of church management
software
One of the challenges in the growth of the global church management
software market is the lack of awareness and improper selection of
church management software. This can affect the budget of the
church, and, in turn, have an adverse impact on the demand for
church management software during the forecast period.
For the detailed list of factors that will drive and challenge the
growth of the church management software market during 2019-2023,
view our report.
Competitive Landscape
The market appears to be moderately fragmented with the presence of
several market players. Market vendors are focusing on offering
low-cost church management software that small and mid-sized
churches can afford. This market research report will help clients
identify new growth opportunities and design unique growth
strategies by providing a comprehensive analysis of the market's
competitive landscape and offering information on the products
offered by companies.
Download the full report:
https://www.reportbuyer.com/product/5136820/?utm_source=PRN
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