Industry Background:
Cloud contact center is a tool and cloud-hosted services designed for contact centers in large size organizations, that need multiple communication channels, agent management, and analytics. The contact center is a facility that handles contact with end customers. In today’s market scenario large size organizations are facing many challenges while handling communications, to overcome these challenges there are various new players are entering this industry.This growth is primarily driven by Increase in Adoption of SMAC Technologies, Increase in Emergence of Social Media in Cloud-Based Contact Center Operations and Growing Demand for Cloud-Based Contact Centers in the Covid-19 Pandemic.
Globally, a noticeable market trend is evident Increase in Investment in Research and Development
. Major Players, such as NICE (Israel), Genesys (United States), Five9 (United States), Vonage (United States), Talkdesk (United States), 8x8 (United States), Cisco (United States), Avaya (United States), Serenova (United States) and Content Guru (United Kingdom) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In May 2020, Talkdesk Inc. announced the expansion of its workforce engagement management capabilities that helps in managing, developing, and engaging agents throughout the employee lifecycle. The company revealed a platform known as Talkdesk WEM, that is an integrated suite of intelligent, institutive solution. Through this, the company enhances its offering and revenue generation.
Market Drivers
- Increase in Adoption of SMAC Technologies
- Increase in Emergence of Social Media in Cloud-Based Contact Center Operations
- Growing Demand for Cloud-Based Contact Centers in the Covid-19 Pandemic
Market Trend
- Increase in Investment in Research and Development
- Enhancement in Market Competency
Restraints
- Insufficient Network Bandwidth in the Emerging Economies
- Increasing Occurrence of Cyber-Attacks Impacting Business Operations
Opportunities
Growing Demand to Analyze Audio Conversations in Real Time and Rapid Shift Focuses of Enterprises Towards the Work from Home Culture
Challenges
Increase in Concern Towards Privacy and Data Security Aspects and Lack of Professional Skilled Labour
AMA Research follow 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 showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse 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 include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Cloud Contact Center Study Sheds Light on
The Cloud Contact Center Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Cloud Contact Center industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Cloud Contact Center industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey 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 value they currently claim, or capture the new addressable opportunity.