Global Contact Center as a Service Market Overview:
A call centre serves as an interaction between customers and the firm as one of the customer relationship management solutions. Customer Relationship Management (CRM) is a corporate approach that focuses on increasing customer happiness and loyalty. Both objectives may be met by gaining a deeper understanding of consumer characteristics and purchasing habits, tailoring the offer to the needs of the client, delivering prompt and accurate service, and giving trustworthy and comprehensive information directly to the customer. Customers can call a call centre or a front office to report concerns or obtain information about the products or services supplied. The back office's role is to assist the call centre employees by resolving client concerns that they are unable to resolve.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
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:
Integration of AI Technologies in Algorithm Based Customer Service
Market Growth Drivers:
Rising Adoption of Advanced Contact Center Technologies for CRM, Emergence of Social Media as a Medium for Customer Contact and Demand for CR Models to Better Engage clients in a Competitive Industry
Challenges:
Training and Maintenance Costs and Client Traffic Management
Restraints:
High Initial Investments and Data Privacy and Security Concerns
Opportunities:
Growing adoption among SMEs Across Different Regions and Preference Towards Work from Home Enabling Flexible Work Hours
Competitive Landscape:
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.
Some of the key players profiled in the report are 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). Additionally, following companies can also be profiled that are part of our coverage like Content Guru (United Kingdom), Ameyo (India), AT&T Inc. (United States), BT Group plc (United Kingdom), Vocalcom (France), NEC Corporation (Japan), Mitel Networks Corporation (Canada) and ZTE Corporation (China). Analyst at AMA Research see United States Players to retain maximum share of Global Contact Center as a Service market by 2030. Considering Market by End Use, the sub-segment i.e. Telecom & IT will boost the Contact Center as a Service market. Considering Market by Deployment, the sub-segment i.e. On-premises will boost the Contact Center as a Service market. Considering Market by Scale, the sub-segment i.e. Large Enterprises will boost the Contact Center as a Service market. Considering Market by Component, the sub-segment i.e. Solutions (Omnichannel Routing, Workforce Engagement Management, Reporting & Analytics, Customer Engagement Management) will boost the Contact Center as a Service market.
Latest Market Insights:
On 16th December, 2020 - Five9 Announced Strategic Partnership with Conn3ct (Leading Customer Experience, Unified Communications, And Network Services Communications Provider). The Deal Enables High-Touch Client Engagements and A Customizable Contact Centre to Fit the Customer's Specific Demands. and On 30th September, 2020 - Cisco Acquired BabbleLabs, Inc. BabbleLabs Adds to Cisco's Commitment Towards Secure Connectivity by Processing Noise Reduction 100 Percent at The Source of The Problem Delivering a Best-In-Class Audio Experience to Webex Software Users.
On 27th July, 2020 - NICE launched Market’s Only Real-Time Interaction Guidance, Powered by Its Groundbreaking ENLIGHTEN AI Platform. Based on Predictive Behavioural Models for Real-Time Contact Guidance, The New Solution Reliably and Automatically Evaluates and Rates the Distinctive Agent Actions That Promote Customer Happiness.
What Can be Explored with the Contact Center as a Service Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Contact Center as a Service Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Contact Center as a Service
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 as a Service 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 as a Service 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 as a Service Providers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others.
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.