Contact Center Solutions Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2026

Contact Center Solutions Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2026

  • Transparency Market Research
  • Ongoing
  • ICT

Report Description

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Contact center solution is a system that offers automatic contact sharing and inbound contact handling capabilities, united with a high degree of complexities in terms of active contact traffic management. Contact center solutions have the capability of offering competitive benefits to enterprises by helping them to enhance efficiency and productivity through the automation of outbound and inbound processes of a contact center. Rapid development in technologies has changed the way organizations deal with potential users. Intellectual communication that provides a pervasive operational environment to interact with clients has become a basic requirement for customer-centric organizations. Enhanced business stability, improved business agility, and increase in acceptance of home-based work are boosting the growth of the contact center solutions market around the globe.

The contact center solutions market is witnessing strong growth due to the growing adoption of contact center solutions among enterprises to provide customers with better experience through many channels, such as video, voice, mobile, web, and social media. Apart from this, continuous advancement in this technology and its solutions has also encouraged many industry verticals to adopt this solution and service across the globe. Consequently, this factor is impelling the demand for contact center solutions among enterprises. However, the high initial investment required to integrate advanced solutions with traditional systems is a major factor which is expected to restrain the growth of this market in forthcoming years. Besides this, the risk of information loss is also expected to hinder the growth of the contact center solutions market globally.

The global contact center solutions market can be segmented based on component, application enterprise size, deployment type, industry, and geography. Based on component, the global contact center solutions market can be classified into software and services. In terms of application, the contact center solutions market can be bifurcated into call routing, call recording, automatic call distribution, workforce optimization, interactive voice response, customer collaboration, reporting and analytics, dialer and others. Based on enterprise size, the global contact center solutions market can be categorized into small and medium enterprises and large enterprises. In terms of deployment type, the market can be segregated into on-premise and cloud-based. Furthermore, on the basis of industry, the market can be segregated into IT & telecom, retail and consumer goods, banking, financial services and insurance (BFSI), travel and hospitality, government, media and entertainment and others.

By geography, the global contact center solutions market can be segmented into North America, South America, Asia Pacific, Europe, and Middle East & Africa. The contact center solutions market in North America is estimated to expand at a substantial growth rate over the forecast period. This is primarily due to the increase in adoption of advanced technology and high focus on technology innovation, specifically in the developed markets of the region. Apart from this, growing adoption of mobile, cloud, social media and analytics among enterprises across different industry verticals such as IT & telecom, retail & consumer goods and BFSI has helped the contact center solution market to develop in North America. However, the Asia Pacific region is anticipated to be among the fastest-growing regions in the global contact center solutions market. This is the result of presence of a large number of small and medium enterprises and a large customer base.

Major players operating in the global contact center solutions market include Cisco Systems, Inc., Genesys Telecommunications Laboratories, Inc., Mitel Networks Corporation, Huawei Technologies Co., Ltd., Oracle Corporation, Alcatel-Lucent Enterprise, SAP SE, 8x8, Inc. EdgeVerve Limited, Enghouse Interactive, BroadSoft, Inc., Sennheiser Electronic GmbH & Co. KG, Five9, Inc., and Unify Inc.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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