Industry Background:
In today’s scenario outsourcing is an emerging phenomenon in different sectors. The outsourced customer care services market is providing several opportunities for businesses and companies to produce revenue and meet requirements. These services enable companies to better manage their consumers and cater to their requirements in an efficient manner. It also aids the firms in concentrating on their core competencies accompanied by offering cost benefits. Increasing technological innovations and variations in consumer behavior are stimulating the demand for an efficient market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Sykes Enterprises (United States), Synnex Corporation (United States), TeleTech Holdings Inc. (United States), Teleperformance SE (France), Transcom WorldWide AB (Sweden), West Corporation (United States), Infosys (India), StarTek Inc. (United States), Expert Global Solutions (United States), Accenture plc (Ireland) and Amdocs (United States) |
This growth is primarily driven by Growing Competition, Customer Satisfaction and Customer-Centric Services are of Prime Importance for an Organization and Rising Demand for Outsourcing for Minimizing Overhead Cost, Enhancing Operational Flexibility and Increasing Service Levels.
Globally, a noticeable market trend is evident Using Host-based Delivery such as with Home Agents to Host-based Call Center Services Major Players, such as Sykes Enterprises (United States), Synnex Corporation (United States), TeleTech Holdings Inc. (United States), Teleperformance SE (France), Transcom WorldWide AB (Sweden), West Corporation (United States), Infosys (India), StarTek Inc. (United States), Expert Global Solutions (United States), Accenture plc (Ireland) and Amdocs (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Key players have been aiming to provide high-quality customer care, as well as cover overall operating expenses in a profitable manner. Major industry participants serve industries including telecom, retail, financial services, and internet service providers among others.
Key Developments in the Market:
In Aug 2020, TTEC Holdings, Inc.announced that it agreed to acquire VoiceFoundry, a global partner of Amazon Web Services, creating an end-to-end CX delivery solution for Amazon Connect.
In Aug 2020, Intrado Corporation, a global leader in technology-enabled services, announced today that it has acquired Junction Networks, Inc. d.b.a. OnSIP, a provider of Unified Communications as a Service (“UCaaS”) and collaboration.
Influencing Trend:
Using Host-based Delivery such as with Home Agents to Host-based Call Center Services
Market Growth Drivers:
Growing Competition, Customer Satisfaction and Customer-Centric Services are of Prime Importance for an Organization and Rising Demand for Outsourcing for Minimizing Overhead Cost, Enhancing Operational Flexibility and Increasing Service Levels
Challenges:
Hidden costs associated with outsourcing.
Restraints:
Lack of transparency.
Opportunities:
Growing Number of Industries Around the Globe and Rising Spendings on IT & Telecommunication Industry
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Outsourced Customer Care Services Market
- Analysis about New Entrants in Outsourced Customer Care Services Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Outsourced Customer Care Services Study Sheds Light on
The Outsourced Customer Care Services Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Outsourced Customer Care Services industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Outsourced Customer Care Services industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.