Global Contact Center Software Market Overview:
Evolution of technology has changed the way enterprises deal with potential customers. Enhanced business agility, improved business continuity, and the growing acceptance of home-based work is driving the growth of cloud-based contact centre software market. Professional services, including consulting, training and support, and integration and implementation of contact centre software, are a widely used service type in the contact centre software market. Managed services have a higher adoption rate than professional services. Managed services empower organizations to focus on their core business functions while delegating contact centre operations to professionals. Managed service providers ensure the efficient management of contact centre processes and simultaneously deliver enhanced customer experience through multiple channels.
As per latest study released by AMA Research, the Global Contact Center Software market is expected to see growth rate of 25.71% and may see market size of USD47.76 Billion by 2028.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Billion) |
High Growth Market | Asia Pacific |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Development and Innovation in Contact Center Software
Market Growth Drivers:
Increase in Omnichannel Communication and Growing Need to Cater to Dynamic Customer Requirements
Challenges:
Constant Need to Train Contact Center Employees Due to High Attrition Rate
Restraints:
Difficult to Integrate With Legacy Systems
Opportunities:
Technology Advancement in Artificial Intelligence and Analytics and Increase in Usage of Social Media Across the Globe
Competitive Landscape:
Contact Center Software market is a fragmented market due to the presence of various players. Companies are focusing on developing innovative products and solutions to improve quality, enhances and promotes performance. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Some of the key players profiled in the report are 3CLogic (United States), Avaya (United States), 8x8 (United States), Alcatel-Lucent Enterprise (France), Five9 (United States), IBM (United States), Aspect Software (United States), BT (England), Cisco (United States), Oracle (United States), Enghouse Interactive (United States), SAP (Germany), NEC (Japan), Unify (Germany), Fenero (United States), Ameyo (Drishti-Soft; India), Genesys (United States), Vocalcom (France) and West Corporation (United States). Additionally, following companies can also be profiled that are part of our coverage like Mitel (Canada), NICE (Israel), Huawei (China), RingCentral (United States), Solgari (Ireland), Verizon (United States), Zendesk (United States) and ZTE (China). Analyst at AMA Research see United States Players to retain maximum share of Global Contact Center Software market by 2028. Considering Market by Deployment Type, the sub-segment i.e. Cloud will boost the Contact Center Software market. Considering Market by Service, the sub-segment i.e. Integration & Deployment will boost the Contact Center Software market. Considering Market by Organisation Size, the sub-segment i.e. Large Enterprises will boost the Contact Center Software market. Considering Market by Solution, the sub-segment i.e. Intelligent Virtual Assistants will boost the Contact Center Software market.
Latest Market Insights:
In May 2018, 3CLogic which provides cloud-based contact centre solutions, partnered with ServiceNow to offer native integration solutions into ServiceNow platform. This partnership enabled 3CLogic to deploy its solutions across four continents.
In May 2018, NICE launched NICE inContact CXone Workforce Optimization (WFO) Pro suite to be deployed on traditional on-premises telephony platforms. NICE inContact CXone Workforce Optimization Pro suite enabled organizations to provide enhanced customer experience while improving employee engagement and productivity.
What Can be Explored with the Contact Center Software Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Contact Center Software Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Contact Center Software
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Contact Center Software market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Contact Center Software market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Contact Center Software Providers, Professional Service Providers, Contact Center Service Providers, Cloud Service Providers, System Integrators, Managed Service Providers, Government Organizations, Internet Service Providers and End-Users (Industry Verticals).
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.