About Cloud Based Contact Center
In businesses or organizations, the cloud contact center is widely used to handle inbound and outbound customer communications. Cloud contact center is hosted on the internet server and allows to make interaction through voice, emails, social media, etc. High growth of cloud-based contact center is attributed to the growing preference of consumers towards online shopping worldwide and the increasing use of calling for customer support. Compared to the traditional contact center, it offers various benefits and comes with advanced features like AI for call and chat monitoring and sentiment analysis. Increased focus to provide quality products or services and improve customer experience is the major growth driver for the market. However, the increasing number of data centers across the globe will create huge demand for cloud-based contact center solutions.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Cloud Based Contact Center 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.
Genesys (United States), 8x8, Inc. (United States), Ameyo (India), Microsoft Corporation (United States), NTT Communications (Japan), Cisco Systems, Inc. (United States), Oracle Corporation (United States), Mitel Networks Corporation (Canada), Nextiva (United States), Aircall.io, Inc. (France), Zoho Corporation (India), Nuance Communications (United States), Liveops, Inc. (United States), Google (United States) and Zendesk (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Cloud Based Contact Center market by , Application (Multi-level IVR, Call Routing and Queuing, Call & Chat Quality Monitoring, Sales & Marketing, Customer Relationship Management (CRM) and Others) and Region.
On the basis of geography, the market of Cloud Based Contact Center 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). If we see Market by Enterprise Size, the sub-segment i.e. Small & Medium Enterprises will boost the Cloud Based Contact Center market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Platform, the sub-segment i.e. Mobile & Tablets will boost the Cloud Based Contact Center market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-user, the sub-segment i.e. Call Centers will boost the Cloud Based Contact Center market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Operating System, the sub-segment i.e. Windows will boost the Cloud Based Contact Center market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Integration of AI in the Cloud Contact Center Solutions to Monitor and Analyze Calls & Chats
Market Growth Drivers:
Growing Need for Cloud-based Contact Solutions to Easily Scale Contact Centers and Improve Customer Experience and High Adoption of Advanced Calling Methods for the Purpose of Marketing and CRM Across Various Industries
Challenges:
Extra Cost or Premium Licenses for Upgradation of New Features
Restraints:
Lack of Proper Internet Connection and Rising Privacy Concerns Among Consumers
Opportunities:
Increasing Number of Call Centers across the Globe Due to High Adoption of CX Outsourcing Service and Rapidly Growing E-Commerce and Consumer Electronic Goods Sector Worldwide
Market Leaders and their expansionary development strategies
In 2018, Cisco acquired BroadSoft, a global leader in the Unified Communications-as-a-Service and Contact Center-as-a-Service (CCaaS) space. The acquisition will help Cisco to promote better customer engagement and deliver the next generation of collaboration experiences to all workers across every room, desk, pocket, and application.
In July 2021, Zoom announced its intention to buy Five9, Inc., a leading provider of cloud-based call and contact center solutions. With this acquisition, Zoom will enter into already teeming CCaaS space with the aim of to expand itself into a vast enterprise IT market.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Cloud-Based Contact Center Solution Providers, 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.