Press release
Interactive Voice Response Market Competitive Landscape, Key Drivers, Major Players, Outlook And Forecast To 2033
Interactive Voice Response Market
According to The Business Research Company's, The interactive voice response market size has grown strongly in recent years. It will grow from $5.16 billion in 2023 to $5.53 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to rising usage of internet services and cell phone, growing number of customer care and sales teams across enterprises, rise in demand of enhancing customer relationship management.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/interactive-voice-response-global-market-report
Market Drivers and Trends:
Increasing internet penetration is expected to propel the growth of the interactive voice response market going forward. Internet penetration refers to the percentage of a population or a specific geographic area that has access to the Internet. Interactive Voice Response (IVR) systems can contribute to improving Internet penetration by providing an accessible and user-friendly interface for individuals who may not have direct access to the Internet or prefer voice-based interactions. For instance, in 2022, according to The International Telecommunication Union, a Switzerland-based government agency, an estimated 5.3 billion people, or 66 percent of the world's population, use the Internet and the internet penetration increased with a growth rate of 6.1% over 2021, up from 5.1% for 2020-2021. Therefore, increasing internet penetration drives the interactive voice response market.
Major companies operating in the interactive voice response market are developing innovative products, such as interactive voice response-to-text products, to gain a competitive edge in the market. Interactive voice response-to-text product aims to provide equal access to information and communication for all employees, regardless of their device capabilities. For instance, in November 2021, TeamSense, a US-based company that offers interactive voice response products, launched an interactive voice response-to-text product. This is designed for hourly workers who may not have access to mobile devices or email. This allows employees to communicate their attendance status without relying on mobile or email access. The product is part of TeamSense's suite of tools, which also includes a text-based self-service portal for attendance management and communication.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=13868&type=smp
Major Key Players of the Market:
Verizon Communications Inc., AT&T Inc., TD Synnex, Cisco Systems Inc., Twilio Inc., Avaya Inc., Genesys Telecommunication Laboratories Inc., West Corporation, [24]7.ai Inc., Five9 Inc., 8X8 Inc., Aspect Software Parent Inc., Ameyo (Drishti Soft Solutions Pvt. Ltd.), Exotel Techcom Pvt. Ltd., Bitrix Inc., Callfire Inc., Handygo Technologies Pvt. Ltd., Agnity Global Inc., Istonish Inc., Evamp & Saanga, Nuance Communications Inc., Bay Talkitec Pvt. Ltd., IVR Lab, inContact Inc., Arise Virtual Solutions Inc.
Interactive Voice Response Market 2024 Key Insights:
• The interactive voice response market is expected to grow to $7.2 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%.
• Internet Penetration And Interactive Voice Response Market Growth
• Increasing Focus On Product Innovations To Gain A Competitive Edge In The Market
• North America was the largest region in the interactive voice response market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=13868&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Interactive Voice Response Market Competitive Landscape, Key Drivers, Major Players, Outlook And Forecast To 2033 here
News-ID: 3677520 • Views: …
More Releases from The Business Research Company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Interactive
Interactive Display Market
Allied Market Research has published a latest report titled, “Interactive Display Market by Panel Type (Flat Panel, Flexible Panel, and Transparent Panel), Technology (OLED, LED, LCD, and QD), Screen Size(Less than 35", 35" to 60", and More than 60"), Application (Interactive Table, Interactive Monitor, Interactive Kiosk, Interactive Whiteboard, and Video Wall), and End User (Healthcare, Retail, BFSI, Military & Defense, Transportation, Education, and Other): Global Opportunity Analysis and Industry Forecast,…
Interactive Display Market
Growth opportunities in the interactive display market look promising over the next six years. This is mainly due to the increasing adoption of interactive displays in various sectors, including retail, transportation, education, etc., an exponential rise in internet penetration, rising demand for user-friendly interactive devices, and the growing need for easy and reliable human-machine interaction.
Request for a FREE Sample Report on Interactive Display Market - https://www.gmiresearch.com/report/interactive-display-market/sample-request
Interactive Display Market Dynamics (including…
Interactive Patient Care
In 2018, the global Interactive Patient Care market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.
This report focuses on the global Interactive Patient Care status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Interactive Patient Care development in United States, Europe, China, Japan, Southeast…
Interactive Whiteboard Market
The IWB market report provides analysis for the period from 2014 to 2024, wherein the period from 2016 to 2024 is the forecast period and 2015 is considered as the base year; 2014 is included as historical information. The report covers all the major trends and technologies that would play a key role in the IWB market’s growth over the forecast period. It also highlights the drivers, restraints, and opportunities…
Interactive Intelligence Inc.
DUBAI, United Arab Emirates, March 28, 2012 -- Interactive Intelligence Group Inc. (Nasdaq: ININ), a global provider of unified IP business communications solutions, has successfully completed IP telephony testing for the Microsoft Unified Communications Open Interoperability Program.
This testing ensures that Interactive Intelligence customers running the latest release of its Customer Interaction Center™ (CIC), version 4.0, will receive qualified telephony infrastructure and services when integrating with Microsoft Lync Server 2010 for…
Interactive Algorithms
Interactive Algorithms is a real-time predictive analytics software solutions provider for capital market clients.
Interactive Algorithms first product is EarlyInfo. The EarlyInfo software application will help investors and traders with market knowledge by analyzing millions of current and historical data in fractions of a second to get the correlated information as statistical and probabilistic prediction using advance AI adaptive algorithms and natural language processing. EarlyInfo will help make trading decision by…
