Interactive Voice Response IVR Market Size, Share & Forecast 2024-2031

The global interactive voice response IVR market is estimated to grow at a significant CAGR during the forecast period. Incoming callers can obtain information through a voice response system of pre-recorded instructions without speaking to an agent, as well as use menu options via touch-tone keypad selection or speech recognition to have their call routed to specified departments or specialists. A well-designed IVR software solution can assist enhance contact centre operations and KPIs while also increasing customer happiness. An efficient interactive voice response system can assist customers to locate answers and doing simple activities on their own, especially during times of heavy call volume. When a customer requires or requests to speak with a person, IVR technology can help route calls to the right call centre agent to handle their inquiry promptly and efficiently.

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It lets you record customised greetings and messages so that customers who call your company get a more personalised experience. Pre-recorded IVR messages, caller information, customer support automation, and other capabilities are available with interactive voice response. For Instance, Cisco Systems, Inc. has developed an IP interactive voice response product that provides greater flexibility, reduces the complexity of business process integration, and improves network hosting efficiency. Speech integration, call control, platform management, and reporting services are all improved with IVR.

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Market Coverage

Segment Covered-
o By Deployment Type

o By technology

o By Enterprise Size

o By Component

o By Vertical

Competitive Landscape: Nuance Communications, Inc., Avaya Inc., Verizon Communications Inc., 24/7 Customer, Inc., Genesys Telecommunication Laboratories, Inc. among others.

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominates the market in base year?
Which segment and region will project fastest growth in the market?
How COVID-19 impacted the market?
o Recovery Timeline

o Deviation from pre-COVID forecast

o Most affected region and segment

Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global Interactive Voice Response IVR Market by Segments,

By Deployment,

Cloud
On-Premise

By Technology,

Touch-tone
Voice

By Enterprise Size,

Small and Medium Enterprises
Large Enterprises

By Component,

Solutions
Call Routing
Outbound
Self-Service
Services
Installation
Training & Education
Maintenance & Support

By Vertical,

BFSI
Hospitality and Tourism
Telecommunication and IT
Retail and E-commerce
Healthcare
Transportation
Education
Others

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