The article cited AMA's "Global Customer Engagement Solutions Market Study" explored CAGR of %. According to the report, Technology Advancement and Innovation in Customer Engagement Solution is one of the primary growth factors for the market. Growing Adoption of Customer Engagement Solution to Reduce Customer Churn Rate
is also expected to contribute significantly to the Customer Engagement Solutions market. Overall, BFSI
applications of Customer Engagement Solutions, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Vertical, such as BFSI, is boosting the Customer Engagement Solutions market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Organization Size, such as Large Enterprises, is boosting the Customer Engagement Solutions market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Deployment, such as Cloud, is boosting the Customer Engagement Solutions market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Component, such as Solutions, is boosting the Customer Engagement Solutions market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Customer Engagement Solutions market identified that the demand is rising in many different parts of the world as "Increased Investment in Artificial Intelligence
". Furthermore, some recent industry insights like "In May 2018, Pegasystems has upgraded its product portfolio by introducing new AI Features in Its Customer Engagement software, and it will provide banks with complete AI control and transparency, ensuring banks remain in regulatory compliance while driving additional revenue and providing exceptional customer experiences." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Customer Engagement Solutions market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Customer Engagement Solutions market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Customer Engagement Solutions market size is calculated using market estimation process, the Customer Engagement Solutions market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Customer Engagement Solutions market size has been validated using both top-down and bottom-up approaches.