Call Center AI Market will rise due to increasing need for enhanced customer experience - GIS Reports

New York, Global Call Center AI Market report from Global Insight Services is the single authoritative source of intelligence on Call Center AI Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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Call center AI is a type of AI that is used to help automate and improve the efficiency of call center operations. Call center AI can help with tasks such as call routing, customer service, and fraud detection. Call center AI can also help improve the customer experience by providing natural language processing and automatic call categorization.

Key Trends

Some of the key trends in Call Center AI technology are:

1. Automated call distribution (ACD) systems: ACD systems are used to route calls to the appropriate agent based on factors such as skills, availability, and location. AI can be used to further optimize call routing by taking into account additional factors such as customer history and expected call duration.

2. Predictive analytics: Predictive analytics can be used to determine which callers are likely to hang up, which calls are likely to result in a sale, and so on. This information can be used to prioritize calls, route calls to the most appropriate agent, and provide agents with information that can help them close the sale.

3. Natural language processing (NLP): NLP can be used to automatically transcribe calls, extract information from call transcripts, and provide agents with real-time information about callers. NLP can also be used to generate customer profiles based on call data, which can be used to better understand customer needs and target marketing efforts.

4. Chatbots: Chatbots can be used to handle simple customer inquiries, such as account balance inquiries, address changes, and so on. Chatbots can also be used to provide customer support, such as troubleshooting technical issues or providing product information.

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Market Segmentation

The Call Center AI Market is segmented into component, deployment, industry vertical and region. Based on component, the market is divided into compute platforms, solution, and service. Based on deployment, it is bifurcated into on-premise and cloud. Based on industry vertical, the market is fragmented into BFSI, retail and e-commerce, telecom, healthcare, and others. By region, the market is classified into North America, Europe, Asia-Pacific and rest of the world.

Key Players

The key players in the Call Center AI Market are Artificial Solutions International AB, IBM Corporation, Microsoft Corporation, Oracle Corporation, Amazon Web Services, SAP, Google, Avaya, NICE inContact and Nuance Communications, Inc.

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Key Drivers

The key drivers of the Call Center AI market are the increasing need for enhanced customer experience, the need for better first call resolution, the need for reduced operational costs, and the need for improved customer engagement.

The increasing need for enhanced customer experience is driven by the need for businesses to differentiate themselves in a competitive market. In order to attract and retain customers, businesses need to provide a superior customer experience. Call center AI can help businesses provide an enhanced customer experience by providing a more personalized experience, reducing wait times, and improving customer satisfaction.

The need for better first call resolution is driven by the need for businesses to reduce customer churn. When customers are not able to resolve their issues on the first call, they are likely to call back or contact another company for assistance. Call center AI can help businesses resolve customer issues on the first call, thereby reducing customer churn.

The need for reduced operational costs is driven by the need for businesses to improve their bottom line. Call center AI can help businesses reduce operational costs by automating tasks, such as customer service, that are typically performed by human employees.

The need for improved customer engagement is driven by the need for businesses to increase sales and revenue. Call center AI can help businesses improve customer engagement by providing a more personalized experience, reducing wait times, and improving customer satisfaction.

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