The Customer Success Platforms Global Market Report 2023 by The Business Research Company, provides customer success platforms market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Customer Success Platforms Global Market Report 2023, the global customer success platforms market size is expected to grow from $1.70 billion in 2022 to $2.07 billion in 2023 at a compound annual growth rate (CAGR) of 21.55%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the customer success platforms market is expected to reach $4.35 billion in 2027 at a CAGR of 20.49%.The rising adoption of cloud-based solutions is expected to propel the growth of the customer success platform market going forward. Cloud-hosted software and services can be accessed and used through a web browser, a dedicated desktop client that connects to a desktop or mobile operating system. Organizations today are adopting cloud-based solutions such as cloud customer success platforms for the benefits they offer, including improved customer services, offer faster implementation cycles.
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The customer success platforms market is segmented:
1) By Component: Platforms, Services
2) By Deployment Mode: Cloud, On-Premises
3) By Organization Size: SMEs, Large Enterprises
4) By Application: Sales And Marketing Optimization, Reporting And Analytics, Customer Segmentation, Risk and Compliance Management, Customer Service, Customer Onboarding, Other Applications
5) By End-user: BFSI, Retail And e-Commerce, Transportation And Logistics, Healthcare, Telecom And IT, Government And Public Sector, Other End-Users
Technological advancement is a key trend gaining popularity in the customer success platform market. Major companies operating in the market are introducing new technologies that work on AI-powered insights and recommended actions to sustain their position in the market. For instance, in March 2022, Gainsight, a US-based software development company launched the Gainsight Essentials platform with AI-powered insights and recommended actions to drive customer success. It helps to get direct customer-related data to accelerate time to value and reduce overall administration costs.
The customer success platforms market report table of contents includes:
1. Executive Summary
2. Customer Success Platforms Market Characteristics
3. Customer Success Platforms Market Trends And Strategies
4. Customer Success Platforms Market – Macro Economic Scenario
5. COVID-19 Impact On Customer Success Platforms Market
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26. Africa Customer Success Platforms Market
27. Customer Success Platforms Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Customer Success Platforms Market
29. Customer Success Platforms Market Future Outlook and Potential Analysis
30. Appendix
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