Contact Center as a Service (CCaaS) Market To Reflect Impressive Growth Rate | TMR Study

Contact center as a service is a cloud based solution that allows enterprises to use the software of the contact center providers'.
This service model offers various deployment options to customers: public, private, hybrid, and multi-cloud.
Various delivery model such as software as a service (SaaS), platform as a service (PaaS) and infrastructure as a service (IaaS) can be implemented.

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Contact center as a service is a flexible option for many enterprises as it offers scalability as per operational needs, and flexibility to pay for only the technology needed.
Investments on contact center as a service is low, as organizations do not have to take care of the model along with the operations and maintenance.
Usage of the solution significantly reduces capital expenditure and operational expenditure and it has the capability to serve more customers

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Technological advancements for better customer experience expected to drive the contact center as a service (CCaaS) market

1. Customers are increasingly becoming digitally conscious. Digitization of the customer experience helps provide better services. This in turn is augmenting the market. Digitization initiatives taken by various countries across the globe are also driving the contact center as a service (CCaaS) market.
2. Technological developments have a strong impact on the global contact center as a service (CCaaS) market. Advantages such as faster service, better compliance management, flexibility, and analytics service offered by contact center as a service are expected to propel the large-scale adoption of contact center as a service solutions across the globe.

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Security concerns expected to restrain the contact center as a service (CCaaS) market

1. Security concerns associated with the vulnerabilities of the public cloud might have a negative impact on the contact center as a service market.
2. Moreover, high initial investment associated with the contact center as a service market results in lower adoption of the service especially by small and medium enterprises; this is expected to cause hindrance in the growth of the contact center as a service market.

North America Expected to Hold Major Share of the Global Contact Center as a Service (CCaaS) Market

1. On the basis of region, the global contact center as a service market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
2. North America is expected to account for major share of the global contact center as a service market during the forecast period, due to advancements in technology and enhanced customer experiences in the region.
The major shareholder in this region is the U.S. resulting in rising share of North America in the contact center as a service market.

Key Players Operating in the Global Contact Center as a Service (CCaaS) Market

1. Liveops, Inc.
2. CenturyLink, Inc.
3. Evolve IP, LLC.
4. Serenova
5. Talkdesk, Inc,
6. Capgemini
7. Cisco Systems, Inc.

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