Overview and Scope
The contact center software are used for optimizing operations and communicating with customers by real-time call monitoring, routing customer contacts to agents, analyzing, tracking, and reporting critical metrics through a centralized platform. The contact center software is a telecommunication system that helps in increasing the efficiency of a contact center by focusing on interactions between contact center agents and customers.
Sizing and Forecast
The contact centre software market size has grown rapidly in recent years. It will grow from $37.19 billion in 2023 to $44.31 billion in 2024 at a compound annual growth rate (CAGR) of 19.2%. The growth in the historic period can be attributed to customer experience focus, scalability for growing businesses, real-time communication, compliance with data security, remote work enablement.
The contact centre software market size is expected to see exponential growth in the next few years. It will grow to $94.08 billion in 2028 at a compound annual growth rate (CAGR) of 20.7%. The growth in the forecast period can be attributed to predictive analytics for customer insights, self-service and knowledge bases, continuous improvement through feedback, remote monitoring and coaching.. Major trends in the forecast period include omnichannel communication, shift to cloud-based solutions, automation for routine tasks, agent assistive technologies, analytics and reporting enhancements, personalization through data utilization.
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Segmentation & Regional Insights
The contact centre software market covered in this report is segmented –
1) By Component: Software, Services
2) By Service Type: Professional Services, Managed Services
3) By Deployment: Cloud-Based, On-Premise
4) By End User: Banking, Financial Services, And Insurance (BFSI), Consumer Goods And Retail, Healthcare, IT And Telecom, Government
North America was the largest region in the contact center software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the contact centre software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The rapid growth in the adoption of the cloud-based contact center is significantly contributing to the growth of the contact center software market. The cloud-based contact center is hosted on an internet server through which all inbound and outbound customer communications are handled. The growing adoption of the cloud-based contact center as they provide more scalability and flexibility than traditional contact centers is promoting the growth of the contact center software market. For instance, in April 2021, according to a survey of State of the Contact Center Report 2021, cloud-based contact centers have become the majority, with 75% of contact centers now operating in the cloud (44% fully, 31% hybrid). Therefore, the rapid growth in the adoption of the cloud-based contact center is driving the contact center software market growth.
Key Industry Players
Major companies operating in the contact centre software market report are Cisco Systems Inc., Oracle Corporation., SAP SE,ZTE Corporation,Nippon Electric Company Limited, Genesys Telecommunications Laboratories Inc., Mitel Networks Corporation., Talkdesk Inc., Drishti soft Solutions Pvt Ltd.,8×8 Inc., Aspect Software Inc.,Siemens Enterprise Communications Inc., Five9 Inc., Vocalcom SA,Enghouse Systems Limited, NICE Systems Ltd., Cisco Systems Inc.,Genesys Telecommunications Laboratories Inc., Genpact Ltd., RingCentral Inc., Salesforce com Inc., Talkdesk Inc., Twilio Inc., Zendesk Inc., Alcatel-Lucent Enterprise, Connect First Inc., NEC Corporation, Noble Systems Corporation, Serenova LLC., ShoreTel Inc.
The contact centre software market report table of contents includes:
1. Executive Summary
2. Contact Centre Software Market Characteristics
3. Contact Centre Software Market Trends And Strategies
4. Contact Centre Software Market – Macro Economic Scenario
5. Global Contact Centre Software Market Size and Growth
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26. South America Contact Centre Software Market
27. Brazil Contact Centre Software Market
28. Middle East Contact Centre Software Market
29. Africa Contact Centre Software Market
30. Contact Centre Software Market Competitive Landscape And Company Profiles
Top Major Players:
- Cisco Systems Inc.
- Oracle Corporation.
- SAP SE
- ZTE Corporation
- Nippon Electric Company Limited
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