What is CCaaS Software Market?
The CCaaS software deployment model enables businesses to only spend money on the technology they actually require. It is often run by a vendor to cut down on the costs associated with IT, integration, and support. In contact centers, CCaaS solutions are most frequently implemented as cloud-based CX solutions, however there are specific situations where an on-premise CCaaS software solution is preferable.
Highlights from CCaaS Software Market Study
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | NICE Systems Ltd. (Israel), SAP SE (Sweden), Oracle Corporation (United States), IBM Corporation (United States), Genesys (United States), Cisco Systems, Inc. (United States), Avaya Inc. (United States), Amazon Web Services (United States), Atos SE (France) and Alcatel-Lucolent Enterprise (France) |
The companies are concentrating on releasing innovative cloud-based solutions powered by modern technology and AI. To keep up with the rising demand from customers for better tools, many businesses are boosting their investments in cloud platforms.
NICE Systems Ltd. (Israel), SAP SE (Sweden), Oracle Corporation (United States), IBM Corporation (United States), Genesys (United States), Cisco Systems, Inc. (United States), Avaya Inc. (United States), Amazon Web Services (United States), Atos SE (France) and Alcatel-Lucolent Enterprise (France) are some of the key players profiled in the study. CCaaS Software Market Segmentation:
Scope | Sub-Segments |
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Organization Size | SMEs,Large Enterprises |
Deployment | On-premises,Cloud-based,Others |
On the basis of geography, the market of CCaaS Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Advancements in Technologies like Artificial Intelligence (AI) and Natural Language Processing (NLP)
Market Growth Drivers:
The emergence of Social Media as a Medium for Customer Contact and Demand for CR Models to Better Engage clients in a Competitive Industry
Challenges:
Lack of Hardware and Software Maintenance
Restraints:
High Initial Investments and Concerns with the Data Privacy and Security
Opportunities:
Growing Demand for the Digital Resources and Preference for Work from Home Enabling Flexible Work Hours
Key Target Audience
CCaaS Software Developers, Regulatory Bodies, Potential Investors, New Entrants, Research and Development Institutes and Others
Market Leaders & Development Strategies
In 2021, Broadvoice acquired Aveiro. This transaction brings instant synergies for both companies. GoContact offers a variety of contact center solutions, including cloud platform as a service (CPaaS) options and a custom cloud-native voice platform.
In 2022, Google announces the CCaaS solution with its very own contact center as a service in partnership with ujet. Google will white label the ujet cloud contact center solution to provide enterprises with an integrated CCaaS and AI offer.