Contact Center Software Market Worth $ 67.97 Billion, Globally, by 2027 at 18.7% CAGR: Verified Market Research

Press Releases

Oct 22, 2020

JERSEY CITY, N.J., Oct. 22, 2020 /PRNewswire/ — Verified Market Research recently published a report, “Contact Center Software Market by Component (Software, Services), by Deployment (Cloud-based, On-premise), by End-User (Banking, Financial Services, and Insurance (BFSI), Consumer Goods and retail, Healthcare, IT and Telecom, Government), Geography”. According to Verified Market Research, the Global Contact Center Software Market was valued at USD 17.20 Billion in 2019 and is projected to reach USD 67.97 Billion by 2027, growing at a CAGR of 18.7% from 2020 to 2027.

This report provides detailed analysis of the growth trends among each of the segments as well as accurate forecasts in terms of the value and volume.

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Browse in-depth TOC onContact Center Software Market

202 – Pages
126 – Tables
37 – Figures

Global Contact Center Software Market Overview

Rapid technological advancements in the field of customer relationship management and integration of machine learning and artificial intelligence into business processes are anticipated to boost the market growth. Also, businesses are focusing on integrating stack technologies into their processes as it enables agents to address customer issues and queries in consistent ways across all communication channels. As a result, businesses are able to enhance customer loyalty and operational performance.

The emergence of the omnichannel customer experience towards contact center software is expected to accelerate the growth over the forecast period. An omnichannel contact center allows customers to reach out for help across every channel. In addition, it allows agents to easily move between channels so that they can effectively help their customers.

Nowadays, buyers widely prefer cloud-based systems owing to benefits, such as usage flexibility, elimination of installation time and costs, and reduced maintenance charges. Subsequently, several customer relationship solution providers have extended their offerings to the cloud platform, enabling easy access to data virtually from any system across an organization. Also, easy to upgrade capability of the cloud platform allows companies to adjust to the constantly changing environment. The major players in the market are Alcatel-Lucent Enterprise, Genesys, Microsoft Corporation, Avaya, Inc., Cisco Systems, Inc., SAP SE, Nice Systems Ltd., Five9, Inc., NEC Corporation, and Huawei Technologies Co., Ltd.

Verified Market Research has segmented the Global Contact Center Software Market on the basis of Component, Deployment, End User, and Geography.

  • Contact Center Software Market by Component
    • Software
    • Services
  • Contact Center Software Market by Deployment
    • Cloud-based
    • On-premise
  • Contact Center Software Market by End User
    • Banking, Financial Services, and Insurance (BFSI)
    • Consumer Goods and retail
    • Healthcare
    • IT and Telecom
    • Government
  • Contact Center Software Market by Geography
    • North America
      • U.S
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • U.K
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Rest of Asia Pacific
    • ROW
      • Middle East & Africa
      • Latin America

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Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.

Our 250 Analysts and SME’s offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.

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