About Customer Experience Outsourcing Services
Customer experience is defined by the experiences a person has during their overall journey with a product or service. Customer interaction plays an important role in every business, as it helps to build an emotional bond with a brand throughout the buyer’s journey, from marketing to service and everything in between. Customer experience outsourcing means an organization hires a third party to manage customer interactions and communications. In today’s time, most businesses are transferring part of customer experience to the contact centers or call centers to reduce financial costs and reduce the employees’ burden so that they can focus on other important tasks of an organization. The CX outsourcing service providers use cutting-edge solutions to improve customer experience service.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The key manufacturers are targeting the innovations of the products with better quality, better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market. Analyst at AMA Research estimates that United Kingdom Players will contribute the maximum growth to Global Customer Experience Outsourcing Services market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
TELUS International (Canada), LiveOps (United States), UpCall (United States), Sensee (United Kingdom), Working Solutions (United States), Capita (United Kingdom) and Sitel (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Serco (United Kingdom), Ventrica (United Kingdom), Ascensos (United Kingdom) and Sykes (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Customer Experience Outsourcing Services market by , Application (IT and Administrative Support Outsourcing, Marketing and Sales Outsourcing, Project Outsourcing and Others) and Region.
On the basis of geography, the market of Customer Experience Outsourcing Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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). If we see Market by Vertical, the sub-segment i.e. BFSI will boost the Customer Experience Outsourcing Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Components, the sub-segment i.e. Software will boost the Customer Experience Outsourcing Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service, the sub-segment i.e. Customer Care will boost the Customer Experience Outsourcing Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Launching Next-generation Intelligent, Automated, and Self-service Solutions to Improve Customer Experience Outsourcing.
Market Growth Drivers:
Increasing Focus to Provide Better Customer Experience and Reduce IT cost, Labor Arbitrage, etc. and To Provide 24x7 Customer Care Support.
Challenges:
Less Quality Control and Standards.
Restraints:
Increasing Privacy and Security Concerns.
Opportunities:
Growing Retail & E-commerce Sector Due to Increasing Preference for Online Shopping.
Market Leaders and their expansionary development strategies
In October 2023, Sitel partnered with Microsoft Azure to utilize Azure's cloud computing solutions and AI capabilities to enhance their omnichannel customer engagement services. This collaboration focuses on scalability, security, and data-driven insights for delivering optimized customer experiences.
In October 2023, Teleperformance, a global CXOS leader, launched its "Empathy Lab," a research and innovation hub dedicated to understanding customer emotions and developing data-driven CX strategies. This initiative focuses on using emotional intelligence and AI to personalize customer interactions and enhance satisfaction.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Customer Experience Outsourcing Service Providers, Omnichannel Contact Centers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.