Contact Center Software Market

Contact Center Software Market by Enterprise Sizes (Small & Medium Enterprise and Large Enterprise), Services (Support & Maintenance, Training & Consulting, Managed Services, and Integration & Deployment), Deployments (Hosted and On-premise), Solutions (Call Recording, Dialer, Automatic Call Distribution, Customer Collaboration, Computer Telephony Integration, Interactive Voice Responses, Workforce Optimization, Reporting & Analytics, and Others), End-users (Government, BFSI, Traveling & Hospitality, Healthcare, Consumer Goods & Retail, IT & Telecom, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: ICT-SE-2082
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 3
  • No. Of Pages: 180
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The global contact center software market size is estimated to register a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increasing focus on client experience, responsiveness, and enhancing customer involvement using omni-channel globally.

Contact center software is a solution that allows customers and contact center personnel to communicate more effectively. It enables agents to keep a track and report on data related to interactions.

Contact Center Software Market Key Takeaways

Moreover, an effective call center software is required to sustain customers and meet the growing demand of consumers. Furthermore, physical contact centers with human operators have been replaced by technologically advanced automatic call distributor, which is a flexible robotic system capable of readily handling large quantities of calls.

Additionally, several businesses are implementing omni-channel contact center accessibility in order to create a smooth experience for customers, communicating call centers via SMS, online, email, or social media.

The COVID-19 outbreak has had a favorable impact on the contact center software market worldwide. Though contact center executives are focused on making quick decisions in order to serve their customers efficiently during the crisis, many organizations are also working to improve customer service and operations in the long run. Additionally, organizations are constantly focusing on designing business procedures in order to comply with data laws & regulations.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing advanced technology in the area of customer relationship management along with rapid incorporation of machine learning and Artificial Intelligence (AI) into business processes are expected to propel the market expansion.
  • Growing demand for more flexibility, scalability, and faster deployment of services in call centers is estimated to fuel the market growth in the coming years.
  • Cost-effectiveness, easier set up & maintenance, and better visibility & control into business operations are some of the driving factors for market growth in the coming years.
  • Rising security breach and privacy concerns by adoption of cloud-based software in industry verticals such as banking and financial institutes are anticipated to hamper the growth of the market.
  • Low First Call Resolution (FCR) along with difficulty to achieve a greater average speed of answer is one of the major factors challenging the growth of the market during the forecast period.
  • Rising advancements in Artificial Intelligence (AI) and its application in business analytics are projected to offer a great opportunity for the market during the forecast period.

Scope of the Report

The report on the global contact center software market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Contact Center Software Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Enterprise Sizes (Small & Medium Enterprise and Large Enterprise), Services (Support & Maintenance, Training & Consulting, Managed Services, and Integration & Deployment), Deployments (Hosted and On-premise), Solutions (Call Recording, Dialer, Automatic Call Distribution, Customer Collaboration, Computer Telephony Integration, Interactive Voice Responses, Workforce Optimization, Reporting & Analytics, and Others), and End-users (Government, BFSI, Traveling & Hospitality, Healthcare, Consumer Goods & Retail, IT & Telecom, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

8X8, Inc.; VCC Live; ALE International; Amazon Web Services, Inc.; AMTELCO; Ameyo; Altivon; Avaya Inc.; Aspect Software; Avoxi; Enghouse Interactive Inc.; Unify Inc.; Cisco Systems, Inc.; Five9, Inc.; Exotel Techcom Pvt. Ltd.; Microsoft Corp.; Genesys; NEC Corp.; Spok, Inc.; SAP SE; Twilio Inc.; Talkdesk, Inc.; and UiPath.

Market Segment Insights

Large enterprise segment is expected to grow at a rapid pace

Based on enterprise sizes, the global contact center software market is bifurcated into small & medium enterprise and large enterprise. The Large enterprise segment is expected to grow at a rapid pace during the forecast period, owing to the growing investment in the advanced technology to operate businesses effectively & efficiently.

Moreover, large enterprises are seeking to deploy solutions & services that are expected to increase the profits in the business. As a result, large enterprises are likely to upsurge the use of contact center software solutions.

However, the small & medium enterprise segment is expected to expand at a considerable rate in the coming years due to the increasing adoption of customer care solutions by small & medium businesses all around the world. Furthermore, small & medium enterprises are also using these solutions to relieve the load of doing routine duties and allow agents to concentrate on organizational development.

Integration & deployment segment is projected to expand at a considerable CAGR

On the basis of services, the market is segmented into support & maintenance, training & consulting, managed services, and integration & deployment. The integration & deployment segment is projected to expand at a considerable CAGR during the forecast period, owing to the rising adoption of cloud-based contact center software solutions across businesses.

Moreover, several business organizations all around the world are investing significantly in integrating various software and tools into the business operations, such as Customer Relationship Management (CRM).

However, the managed services segment is projected to register substantial market share in the coming years. The managed services allow businesses to concentrate on the core services & products while IT-related activities are handled for them.

Additionally, with configuration management, standard change management, provisioning, and patch management solutions, managed service providers assist enterprises in keeping applications running for end users. Furthermore, managed services provide a variety of value-added services to support businesses to get optimal outcomes from contact center software solutions in terms of performance and reliability along with low operational expenses.

Contact Center Software Market By Services

On- premise segment is estimated to gain large revenue share

In terms of deployments, the global contact center software market is bifurcated into hosted and on- premise. The On- premise segment is estimated to gain large revenue share during the forecast period.

On-premise deployment is a model where all of the hardware and software is needed to run and manage a contact center in the customer’s property. These on- premise systems offer reliability, customizability, and integrality despite of being complex and costly to implement. These on- premise solutions' customizability benefits can only be realized when firms invest extensively on professional services.

On the other hand, the hosted segment is expected to expand at a faster rate during the forecast period due to the increasing flexibility to scale services. Furthermore, businesses all over the world are relying on cloud-based contact center solutions over on- premise systems. Agents are connected to centralized contact center applications via cloud solutions, which often provide a secure intranet for staff to collaborate and communicate. In addition, cloud-based solutions can provide executives with detailed information about agents & clients that on- premise solutions are unable to deliver.

Interactive voice response segment is expected to register a significant market share

Based on solutions, the market is segregated as call recording, dialer, automatic call distribution, customer collaboration, computer telephony integration, interactive voice responses, workforce optimization, reporting & analytics, and others. The interactive voice response (IVR) segment is expected to register a significant market share during the forecast period, owing to the more precise interpretation of tones & accents while communicating with the customers.

Moreover, businesses are using IVR systems to route calls to the appropriate departments or agents on a case by case basis. Furthermore, rather than relying on customer service representatives, an IVR system allows clients to handle product related problems on their own.

Contact Center Software Market By Solutions

IT & telecom segment is projected to gain a high CAGR

On the basis of end- users, the global contact center software market is divided into government, banking, financial services & insurance (BFSI), traveling & hospitality, healthcare, consumer goods & retail, IT & telecom, and others. The IT & telecom segment is estimated to secure a high CAGR during the forecast period.

The information technology (IT) & telecommunications industries are now becoming more competitive. In addition, increasing number of new companies entering in the industry with their innovative methods and approaches to success, key companies are gradually turning to contact center software solutions to improve the efficiency of their operations.

However, the consumer goods & retail segment is anticipated to increase at a considerable rate in the coming years. Customers are shifting their shopping habits to digital media. Furthermore, as consumers adopt new technology and channels, consumer goods & retail organizations have been compelled to adapt to contact center software solutions in order to provide excellent customer experience.

Contact Center Software Market By End Users

North America is anticipated to constitute a key market share

In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to constitute a key market share during the forecast period, owing to the growing investment in technological advancement, such as big data, analytics, and cloud platforms.

In addition, there has been an increased need among large and small & medium businesses in the region to improve their efficiency by optimizing outgoing and inbound processes. Thus, all these factors are expected to boost the market in the region.

However, the market of Asia Pacific is anticipated to grow substantially in the coming years due to the increasing usage of contact center software solutions by both large and small & medium businesses along with rising number of favorable government initiatives boosting the adoption of cloud-based technology and the automation of business processes. Furthermore, various companies from across the world are interested in investing in the region, which is projected to fuel market expansion in the region.

Segments

Segments Covered in the Report
The global contact center software market has been segmented on the basis of

Enterprise Sizes
  • Small & Medium Enterprise
  • Large Enterprise
Services
  • Support & Maintenance
  • Training & Consulting
  • Managed Services
  • Integration & Deployment
Deployments
  • Hosted
  • On-premise
Solutions
  • Call Recording
  • Dialer
  • Automatic Call Distribution
  • Customer Collaboration
  • Computer Telephony Integration
  • Interactive Voice Responses
  • Workforce Optimization
  • Reporting & Analytics
  • Others
End-users
  • Government
  • BFSI
  • Traveling & Hospitality
  • Healthcare
  • Consumer Goods & Retail
  • IT & Telecom
  • Others
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • 8X8, Inc.
  • VCC Live
  • ALE International
  • Amazon Web Services, Inc.
  • AMTELCO
  • Ameyo
  • Altivon
  • Avaya Inc.
  • Aspect Software
  • Avoxi
  • Enghouse Interactive Inc.
  • Unify Inc.
  • Cisco Systems, Inc.
  • Five9, Inc.
  • Exotel Techcom Pvt. Ltd.
  • Microsoft Corp.
  • Genesys
  • NEC Corp.
  • Spok, Inc.
  • SAP SE
  • Twilio Inc.
  • Talkdesk, Inc.
  • UiPath

Competitive Landscape

Some of the major players competing in the global contact center software are 8X8, Inc.; VCC Live; ALE International; Amazon Web Services, Inc.; AMTELCO; Ameyo; Altivon; Avaya Inc.; Aspect Software; Avoxi; Enghouse Interactive Inc.; Unify Inc.; Cisco Systems, Inc.; Five9, Inc.; Exotel Techcom Pvt. Ltd.; Microsoft Corp.; Genesys; NEC Corp.; Spok, Inc.; SAP SE; Twilio Inc.; Talkdesk, Inc.; and UiPath.

These major players are expanding their market share by investing in enhanced products along with implementing marketing strategies such as, mergers & acquisitions, partnerships & collaboration.

For example, in October 2018 Talkdesk Inc. has raised $100 million in funding, which is projected to be used in the expansion of its intelligent contact center software suite.

For instance, Twilio purchased Ytica, a contact center startup that specializes in workforce efficiency tools, speech analytics, and contact center reporting, in September 2018. In the contact center market, this is expected to widen the company's product offering and consumer reach.

Contact Center Software Market By Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Contact Center Software Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Contact Center Software Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Contact Center Software Market - Supply Chain
  4.5. Global Contact Center Software Market Forecast
     4.5.1. Contact Center Software Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Contact Center Software Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Contact Center Software Market Absolute $ Opportunity
5. Global Contact Center Software Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Contact Center Software Market Size and Volume Forecast by End Users
     5.3.1. Government BFSI Traveling & Hospitality Healthcare Consumer Goods & Retail IT & Telecom  
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Contact Center Software Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Contact Center Software Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Contact Center Software Demand Share Forecast, 2019-2026
7. North America Contact Center Software Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Contact Center Software Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Contact Center Software Market Size and Volume Forecast by End Users
     7.4.1. Government BFSI Traveling & Hospitality Healthcare Consumer Goods & Retail IT & Telecom  
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Contact Center Software Demand Share Forecast, 2019-2026
8. Latin America Contact Center Software Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Contact Center Software Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Contact Center Software Market Size and Volume Forecast by End Users
     8.4.1. Government BFSI Traveling & Hospitality Healthcare Consumer Goods & Retail IT & Telecom  
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Contact Center Software Demand Share Forecast, 2019-2026
9. Europe Contact Center Software Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Contact Center Software Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Contact Center Software Market Size and Volume Forecast by End Users
     9.4.1. Government BFSI Traveling & Hospitality Healthcare Consumer Goods & Retail IT & Telecom  
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Contact Center Software Demand Share Forecast, 2019-2026
10. Asia Pacific Contact Center Software Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Contact Center Software Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Contact Center Software Market Size and Volume Forecast by End Users
     10.4.1. Government BFSI Traveling & Hospitality Healthcare Consumer Goods & Retail IT & Telecom  
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Contact Center Software Demand Share Forecast, 2019-2026
11. Middle East & Africa Contact Center Software Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Contact Center Software Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Contact Center Software Market Size and Volume Forecast by End Users
     11.4.1. Government BFSI Traveling & Hospitality Healthcare Consumer Goods & Retail IT & Telecom  
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Contact Center Software Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Contact Center Software Market: Market Share Analysis
  12.2. Contact Center Software Distributors and Customers
  12.3. Contact Center Software Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. 8X8, Inc. VCC Live ALE International Amazon Web Services, Inc. AMTELCO Ameyo  
Segments Covered in the Report
The global contact center software market has been segmented on the basis of

Enterprise Sizes
  • Small & Medium Enterprise
  • Large Enterprise
Services
  • Support & Maintenance
  • Training & Consulting
  • Managed Services
  • Integration & Deployment
Deployments
  • Hosted
  • On-premise
Solutions
  • Call Recording
  • Dialer
  • Automatic Call Distribution
  • Customer Collaboration
  • Computer Telephony Integration
  • Interactive Voice Responses
  • Workforce Optimization
  • Reporting & Analytics
  • Others
End-users
  • Government
  • BFSI
  • Traveling & Hospitality
  • Healthcare
  • Consumer Goods & Retail
  • IT & Telecom
  • Others
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • 8X8, Inc.
  • VCC Live
  • ALE International
  • Amazon Web Services, Inc.
  • AMTELCO
  • Ameyo
  • Altivon
  • Avaya Inc.
  • Aspect Software
  • Avoxi
  • Enghouse Interactive Inc.
  • Unify Inc.
  • Cisco Systems, Inc.
  • Five9, Inc.
  • Exotel Techcom Pvt. Ltd.
  • Microsoft Corp.
  • Genesys
  • NEC Corp.
  • Spok, Inc.
  • SAP SE
  • Twilio Inc.
  • Talkdesk, Inc.
  • UiPath

Some of the major players competing in the global contact center software are 8X8, Inc.; VCC Live; ALE International; Amazon Web Services, Inc.; AMTELCO; Ameyo; Altivon; Avaya Inc.; Aspect Software; Avoxi; Enghouse Interactive Inc.; Unify Inc.; Cisco Systems, Inc.; Five9, Inc.; Exotel Techcom Pvt. Ltd.; Microsoft Corp.; Genesys; NEC Corp.; Spok, Inc.; SAP SE; Twilio Inc.; Talkdesk, Inc.; and UiPath.

These major players are expanding their market share by investing in enhanced products along with implementing marketing strategies such as, mergers & acquisitions, partnerships & collaboration.

For example, in October 2018 Talkdesk Inc. has raised $100 million in funding, which is projected to be used in the expansion of its intelligent contact center software suite.

For instance, Twilio purchased Ytica, a contact center startup that specializes in workforce efficiency tools, speech analytics, and contact center reporting, in September 2018. In the contact center market, this is expected to widen the company's product offering and consumer reach.

Contact Center Software Market By Key Players

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