Contact Center Analytics Market to Witness Robust Expansion by 2029

The global contact center analytics market is expected to grow at a significant CAGR during the forecast period. The features of contact center analytics systems include arranging, analysing, and recording client data in order to find a pattern or predict future results. Customer data analysis allows businesses to get critical insights that support them to improve the customer experience. Furthermore, market expansion is likely to be fueled by rising need for better customer experience management solutions. During the forecast period, various factors such as rising demand for text and speech analytics solutions and the expansion of cloud computing are expected to fuel market growth. Text and speech analytics tools assist firms in efficiently responding to client needs while also enhancing operational efficiency.

These systems also assist organisations in tracking the quality of every customer-employee interaction, allowing them to optimise operations and decrease costs. To improve client experience, many small and medium businesses are implementing these solutions. Contact centre analytics solutions are being used by a growing number of companies around the world to streamline processes. Businesses must properly manage their workforces in order to effectively engage with customers. To manage their workforces, contact centres employ analytical tools such as Key Performance Indicators (KPIs) and other data. The increasing demand for contact centre workforce performance management software is further likely to drive market growth during the forecast period.

To customize and differentiate the solution offerings for potential clients, market participants are focused on innovation. Further, the companies are also including technologies such as Natural Language Processing (NLP), Artificial Intelligence (AI), and machine learning into their products so that they can provide efficient solutions to their consumers. To maintain the customers, the market players are also concentrating on providing excellent training, consulting, and support and maintenance services. Some of the main strategies used by the competitors to obtain a competitive advantage in the market include new product launches, mergers and acquisitions, and others. For instance, in October 2020, Hinduja Global Solutions (HGS) declared the launch of HGS PULSE, a new contact center analytics platform that provides business performance and customer insights using near-real-time data. HGS PULSE brings together disparate data sources into one single, accurate view of operations and customer insights. This leads to a 40% rise in customer reporting efficiency.

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Market Coverage

The market number available for - 2021-2029
Base year- 2021
Forecast period- 2023-2029
Segment Covered
Regions Covered- Globally
Competitive Landscape: Genpact Ltd., Cisco Systems, Inc., Oracle Corp., Verint Systems, Inc., among others.

Contact Center Analytics Market Report Segmentation

By Application 

Automatic Call Distributor
Customer Experience Management
Log Management
Real-time Monitoring & Reporting
Risk & Compliance Management
Others

By End-User

BFSI
Consumer Goods & Retail
Government and Defense
Healthcare
IT & Telecom
Manufacturing
Travel & Hospitality
Other

A full report of Contact Center Analytics Market is available at: https://www.omrglobal.com/industry-reports/contact-center-analytics-market

Contact Center Analytics Market- Segment by Region

North America          

United States
Canada

Europe

Germany
United Kingdom
France
Spain
Italy
Rest of Europe

Asia-Pacific   

China
Japan
India
Rest of Asia-Pacific

Rest of the World

Middle East & Africa
Latin America

Company Profiles

Genpact Ltd.
Cisco Systems, Inc.
Oracle Corp.
Verint Systems, Inc.

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Over 100+ paid data sources mined for investigation.
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