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Contact Center Software Market

Contact Center Software Market Forecasts to 2028 – Global Analysis By Component (Solutions, Services, Software), End User (Consumer Goods, Education, Energy, Government, Healthcare, Media, Retail) and By Geography

4.1 (48 reviews)
Published: July 2021 ID: SMRC20790
4.1 (48 reviews)
Published: July 2021 ID: SMRC20790

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Contact Center Software Market is accounted for $24.10 billion in 2020 and is expected to reach $96.27 billion by 2028 growing at a CAGR of 18.9% during the forecast period. The rising adoption of advanced contact center technologies and the need for handling contact center attrition and absenteeism are the factors driving the market growth. However, the high costs and long-term contracts associated with PRI phone services are hampering the market growth.

A contact center software is a telephony system that is used by enterprises, which assists in growing the effectiveness and efficiency of a contact center. It focuses on interactions between contact center agents and customers

Based on the component, the solutions segment is going to have lucrative growth during the forecast period due to the increasing need for improving customer satisfaction. The demand for contact center solutions is also rising with the growing business continuity challenges, work from home trends, and resource wastage on manual tasks.

By geography, Asia Pacific is going to have high growth during the forecast period due to the growing adoption of contact center software solutions by large as well as small and medium enterprises. The growing number of favorable government initiatives for supporting the adoption of cloud-based systems and automation of business processes is expected to fuel the regional market growth.

Some of the key players profiled in the Contact Center Software Market include 8X8, Inc., Alcatel-Lucent Enterprise, Amazon Web Services, Inc, Avaya, Inc , Cisco Systems, Inc, Enghouse Interactive Inc, Exotel Techcom Pvt. Ltd, GENESYS, Huawei Technologies Co., Ltd, Microsoft Corporation, Mitel Corporation, NEC Corporation, Nice System Ltd, Oracle Corporation, and SAP SE.   

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 24.10 billion

Estimated Period:

2020

Compound Annual Growth Rate (CAGR) from 2020 to 2028:

18.9%

Predicted 2028 Value:

USD 96.27 billion

Forecast Years:

2021-2028

Tables, Graphs& Figures

299

Chapters Covered:

Deployment Model, Type, Organization Size, Component, End User and Region

Core Drivers and Opportunities:

  • Rising adoption of advanced technologies
  • Increasing adoption of virtual and cloud-based contact center solutions
  • Growing demand to analyze audio and video conversations in real time

Restraining Factors & Market Threats:

  • High costs and long-term contracts associated with PRI phone services
  • Barriers in moving contact centers to cloud environments

 
Deployment Models Covered:
• Cloud Software as a Service (SaaS)
• Hosted
• On-premises
• Web Based/Browser Based   

Types Covered:
• Inbound
• Omni-Channel
• Outbound      

Organization Sizes Covered:
• Small & Medium Enterprises (SMEs)
• Large Enterprises

Components Covered:
• Solutions
• Services
• Software 

End Users Covered:
• Banking, Financial Services, and Insurance (BFSI)
• Consumer Goods
• Education
• Energy and Utilities
• Government and Public Sector
• Healthcare
• Information Technology (IT) and Information Technology Enabled Services (ITeS)
• Manufacturing
• Media & Entertainment
• Retail and E-Commerce
• Telecommunications
• Travel & Hospitality
• Other End Users    

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Key Questions Answered In The Report

The Global Contact Center Software Market is majorly driven by rising adoption of advanced contact center technologies, growing need for omni channel solutions to minimize efforts in reaching end customers, and shifting focus of enterprises toward the work from home culture.

The on-premise segment is growing at a highest CAGR as large corporations are hesitant to move away from on-premise solutions. On-premise contact center software are solely responsible for maintenance and updates.

North America dominated with a significant market share as organizations across various industries in the region are rapidly adopting and investing in emerging technologies, such as big data, analytics, and cloud platforms.

Asia Pacific market is growing at a highest CAGR due to the growing adoption of contact center software solutions by large as well as small and medium enterprises and increasing number of favorable government initiatives for supporting the adoption of cloud-based systems and automation of business processes.

Key players in Contact Center Software Market include 8X8, Inc., Alcatel-Lucent Enterprise, Amazon Web Services, Inc, Avaya, Inc, Cisco Systems, Inc, Enghouse Interactive Inc, Exotel Techcom Pvt. Ltd, GENESYS, Huawei Technologies Co., Ltd, Microsoft Corporation, Mitel Corporation, NEC Corporation, Nice System Ltd, Oracle Corporation, and SAP SE.

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