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Cloud-Based Contact Center Market 2019-2023: Key Findings, Emerging Audience, Business Trends, Regional Study, Key Players Profiles and Future Prospects

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Cloud-Based Contact Center Market 2019-2023: Key Findings, Emerging Audience, Business Trends, Regional Study, Key Players Profiles and Future Prospects

September 18
01:09 2019
Cloud-Based Contact Center Market 2019-2023: Key Findings, Emerging Audience, Business Trends, Regional Study, Key Players Profiles and Future Prospects

Cloud-Based Contact Center Market
Global Cloud-Based Contact Center Market is expected to grow from USD 6.47 billion in 2017 to USD 24.11 billion by 2023, at a CAGR of 25% during the forecast period and Cloud-Based Contact Center Market Research Report, By Solution (Automatic Call Distribution, Agent Performance Optimization).

Cloud-Based Contact Center Market Synopsis:

The cloud-based model has a high demand in contact center market for making connections with the help of social media, email, voice and the Web accessible virtually from any location. Pay-per-use subscription pricing model for end-users, improved business continuity, cloud compliance, and improved integration, and usability drives the cloud-based contact center market.

However, this market faces some challenges associated with the adoption such as maintaining integration levels and poor IT infrastructure for cloud-based contact centers. Cloud-based contact center market operates in various verticals such as BFSI, retail, government and public sector, healthcare and life sciences, manufacturing, media and entertainment, and IT & telecommunication. IT & telecommunication is expected to hold largest market share during forecast period.

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Major Key Players:

The prominent players in cloud-based contact center market are NICE Ltd. (Israel), 8×8 Inc. (US), Five9 (US), Cisco Systems (US), Genesys (US), Oracle Corporation (US), NewVoiceMedia (UK), Connect First (US), Aspect Software (US), and Extreme Networks among others.

Other players in Cloud-Based Contact Center Market are Liveops, Inc. (US), inContact, Inc.(US), 3CLogic (US), Accurate Always, Inc.(US), Interlink Network Systems (US), KM2 Solutions (US), Servion Global Solutions (India), and CCT Solutions (US) among others.

Segmentation:

  • By mode of solution, the global cloud-based contact center market has been segmented into agent performance optimization, automatic call distribution, interactive voice response, dialers, reporting and analytics, computer telephony integration, security, and others.
  • By mode of services, the global cloud-based contact center market has been segmented into managed service and professional service.
  • By mode of organization size, the global cloud-based contact center market has been segmented into large enterprise and SME.
  • By mode of deployment model, the global cloud-based contact center market has been segmented into private cloud, public cloud, and hybrid cloud.
  • By mode of vertical, the global cloud-based contact center market has been segmented into retail, BFSI, healthcare & life sciences, government & public sector, media & entertainment, manufacturing, IT & telecommunication, and others. Among these, the IT & telecom sector is considered to occupy the largest market share. With advancements in technology coupled with the growing adoption of modern connectivity systems, the demand for communication services in retail, automotive, government services, energy and power, IT sector, and other industries employing the technology, has seen an incremental growth in the past few years.

Regional Analysis:

The global market for cloud-based contact center is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of cloud-base contact center market is studied for North America, Europe, Asia-Pacific, and the rest of the world.

North America is expected to dominate the cloud-based contact center market during the forecast period. The US is the major contributor to the North American market due to presence of many global players and high adoption of cloud services. Increasing rate of innovation in North American market is accelerating the rate of adoption of cloud-based contact centers. Outsourcing management and expertise is gaining pace, as organizations in this region are looking to stay focused on their core businesses. Latin America and Middle East & Africa (LMEA) is expected to grow steadily due to the increasing trends of cloud services.

Europe is expected grow at a stable rate during the forecast period. Presence of huge car manufacturing sector and healthcare industries drives the cloud-based contact center market in Europe. Asia-Pacific is expected grow at a faster rate during the forecast period due to presence of many IT & telecommunication companies. Due to increasing adoption of electronic devices as well as huge investment in R&D by China and Japan drives the cloud-based contact center market during the forecast period.

Table of Contents

1 Executive Summary

2 Scope of The Report

2.1 Market Definition

2.2 Scope of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

Continued…

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List of Tables

Table1 Global Cloud-Based Contact Center Market, By Region, 2018–2023

Table2 North America: Cloud-Based Contact Center Market, By Country, 2018–2023

Table3 Europe: Cloud-Based Contact Center Market, By Country, 2018–2023

Continued…

List of Figures

Figure 1 Global Cloud-Based Contact Center Market Segmentation

Figure 2 Research Methodology

Figure 3 Porter’s Five Forces Analysis of Global Cloud-Based Contact Center Market

Continued…

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