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Customer Experience Management Market Offers Stable Growth by 2023 - Oracle Corporation, IBM, Adobe Systems, Verint Systems, SAP SE, Tech Mahindra, Zendesk

01-22-2019 03:52 PM CET | IT, New Media & Software

Press release from: Allied Market Research

Customer Experience Management

Customer Experience Management

Customer experience management (CEM) is the practice of building and reacting to consumer interactions to serve their expectation. In addition, to increase loyalty and advocacy, it involves a strategy that demands process change and an array of technologies to succeed. The emergence of customer experience management services has helped in lowering at-risk revenues and winning over lost customers. The solution further enables business owners to engage their consumer as a sustainable element for progress. CEM further minimizes the cost of new customer acquisition.

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There are several drivers, restraints and opportunities shaping the future of the customer experience management market. Growing numbers of consumers and constant pressure faced by companies to sustain competition is responsible for driving this market. The market growth is also favored by the increase in the spending capacity of the companies. High cost and lack of awareness about the technology have hindered market growth to a larger extent. However, user relying on new digital channels at work or for personal activities is expected to create greater opportunities for the CEM market in the future.

The market is segmented in terms touchpoint, industry and geography. In terms of touchpoint, the market is segmented into web, mobile, contact center, social media and others. Industries such as healthcare, media and entertainment, retail, manufacturing and others would experience tremendous growth in the customer experience management market. Regions including North America, Europe, Asia Pacific and LAMEA are expected to witness rapid growth in the market.

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The leading manufacturers indulge in business strategies such as research & development, collaboration, acquisition & mergers and others. Some of the most prominent market players in this sector are Oracle Corporation, IBM, Adobe Systems, Verint Systems, SAP SE, Tech Mahindra, Zendesk, Satmetrix, ResponseTek, ClickTale, Kana and others.

CUSTOMER EXPERIENCE MANAGEMENT MARKET KEY SEGMENTS

Customer Experience Management Market - By Touchpoint

• Social Media
• Web
• Email
• Contact Center

Customer Experience Management Market - By Industry

• Healthcare
• Information Technologies
• Hospitality
• Automotive

Key Market Player

• Oracle Corporation
• IBM
• Adobe Systems
• Verint Systems
• SAP SE
• Tech Mahindra

Access Full Summary@ https://www.alliedmarketresearch.com/customer-experience-management-market

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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