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Contact Centre Software Market Trends, Growth Drivers, and Emerging Technologies for Enhanced Business Operations
Contact Centre Software Market
As per the report, the contact centre software market size has grown rapidly in recent years. It will grow from $37.19 billion in 2023 to $44.31 billion in 2024 at a compound annual growth rate (CAGR) of 19.2%. The contact centre software market size is expected to see exponential growth in the next few years. It will grow to $94.08 billion in 2028 at a compound annual growth rate (CAGR) of 20.7%.
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Surging Demand For Cloud-Based Contact Centers Fuels Contact Center Software Market Growth
The rapid growth in the adoption of the cloud-based contact center is significantly contributing to the growth of the contact center software market. The cloud-based contact center is hosted on an internet server through which all inbound and outbound customer communications are handled. The growing adoption of the cloud-based contact center as they provide more scalability and flexibility than traditional contact centers is promoting the growth of the contact center software market. For instance, in April 2021, according to a survey of State of the Contact Center Report 2021, cloud-based contact centers have become the majority, with 75% of contact centers now operating in the cloud (44% fully, 31% hybrid). Therefore, the rapid growth in the adoption of the cloud-based contact center is driving the contact center software market growth.
Cloud Integration Drives Innovation In Contact Center Software Market
Technological advancements are the key trends gaining popularity in the contact center software market. Enterprises are integrating cloud to enhance the efficiency of contact center software. Cloud integration in contact center software enables the seamless connection and synchronization of data and communication channels across cloud-based applications and services, enabling efficient customer interactions and streamlined operations.For instance, in October 2023, Bharti Airtel, an India-based telecommunications company, launched an integrated omnichannel cloud platform called Airtel CCaaS (contact center as a service) under its Airtel IQ vertical. The new platform gives end-to-end solutions for contact centers, including voice, cloud, and software. The telco added that this is the first of its kind service in the country, where so far contact centers have contracted different vendors across different functions. Airtel CCaaS will enable call handling for both inbound and outbound calls in addition to call routing, call queuing, conference calling, call redirecting, and cloud monitoring accessible across all office locations.
The contact centre software market covered in this report is segmented -
1) By Component: Software, Services
2) By Service Type: Professional Services, Managed Services
3) By Deployment: Cloud-Based, On-Premise
4) By End User: Banking, Financial Services, And Insurance (BFSI), Consumer Goods And Retail, Healthcare, IT And Telecom, Government
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Major companies operating in the contact centre software market report are Cisco Systems Inc., Oracle Corporation., SAP SE,ZTE Corporation,Nippon Electric Company Limited, Genesys Telecommunications Laboratories Inc., Mitel Networks Corporation., Talkdesk Inc., Drishti soft Solutions Pvt Ltd.,8x8 Inc., Aspect Software Inc.,Siemens Enterprise Communications Inc., Five9 Inc., Vocalcom SA,Enghouse Systems Limited, NICE Systems Ltd., Cisco Systems Inc.,Genesys Telecommunications Laboratories Inc., Genpact Ltd., RingCentral Inc., Salesforce com Inc., Talkdesk Inc., Twilio Inc., Zendesk Inc., Alcatel-Lucent Enterprise, Connect First Inc., NEC Corporation, Noble Systems Corporation, Serenova LLC., ShoreTel Inc.
Contents of the report:
1. Executive Summary
2. Contact Centre Software Market Report Structure
3. Contact Centre Software Market Trends And Strategies
4. Contact Centre Software Market - Macro Economic Scenario
5. Contact Centre Software Market Size And Growth
…..
27. Contact Centre Software Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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