Contact Center Software Market Size, Share & Analysis Report, 2023-2032
The global contact center software market size was exhibited at USD 42.67 billion in 2022 and is projected to hit around USD 173.9 billion by 2032, growing at a CAGR of 19.2% during the forecast period 2023 to 2032.
Key Pointers:
The rising adoption of advanced contact center technologies is one of the primary factors driving the market growth. Moreover, the increasing adoption of virtual and cloud-based contact center solutions during and post-COVID-19 are driving the adoption of Contact Center Software solutions.
Contact Center Software Market Report Scope
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Report Coverage |
Details |
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Market Size in 2023 |
USD 45.67 Billion |
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Market Size by 2032 |
USD 173.9 Billion |
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Growth Rate From 2023 to 2032 |
CAGR of 19.2% |
|
Base Year |
2022 |
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Forecast Period |
2023 to 2032 |
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Segments Covered |
Solution, Service, Deployment, Enterprise Size,End-User |
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Market Analysis (Terms Used) |
Value (US$ Million/Billion) or (Volume/Units) |
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Regional Scope |
North America; Europe; Asia Pacific; Central and South America; the Middle East and Africa |
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Key Companies Profiled |
8X8, Inc., ALE International, Altivon, Amazon Web Services, Inc., Ameyo, Amtelco, Aspect Software, Avaya Inc., Avoxi, Cisco Systems, Inc., Enghouse Interactive Inc., Exotel Techcom Pvt. Ltd., Five9, Inc., Genesys, Microsoft Corp., NEC Corp., SAP SE, Spok, Inc., Talkdesk, Inc., Twilio Inc., UiPath, Unify Inc., VCC Live |
COVID-19 Impact
Contact centers offering information regarding travel and healthcare significantly increased. Contact centers deployed automated techniques such as chatbots, AI, and natural language processing to help caller with first contact resolution. The pandemic also impacted consumer behavior. This has led to the adoption of chatbots, emails, and chats while most customers prefer talking to human agents. This has also boosted digital transformation across industries. Hence, contact center solutions are becoming a strategic solution and, in many instances, it can be considered a brand's face.
Contact Center Software Market Dynamics
Driver: Role of social media in contact center operations
Modern contact center solution providers focus on providing organizations with social media capabilities to handle queries that originate from social media to assess brand value and brand impact, and to reduce costs and complexities associated with abandoned queries and customer turnovers. Social media plays a key role in identifying social media influencers, word of mouth, emotion, and sentiments, and brand image to improve the overall efficiency of contact center agents and offered services or products. Also, customers have a favorable take on companies that respond to customer queries and comments on social media. According to Microsoft's 2018 State of Global Customer Service Report, 59% of surveyed respondents have a favorable view of the brand that responds to customer service questions and complaints on social media. This adds to the incorporation of social media channels in contact centers.
Restraint: Inadequate network bandwidth minimizes the adoption of VoIP and cloud-based telephony
With growing digitalization, many contact centers plan to improve their communication processes with VoIP systems and cloud telephony platforms. Added benefits of modern VoIP systems and cloud telephony platforms requiring no use of special hardware and easy-to-switch locations make them a preferred choice of communication across contact centers. However, enterprises facing a lack of bandwidth issues find it tough to address challenges of poor voice quality, network jitters, improperly configured internal networks and security issues. These problems need to be properly taken care of by enterprises, while using Voice over Internet Protocol (VoIP) systems and cloud telephony platforms to efficiently cater to customers, which is why economies facing fluctuating network bandwidth refrain from using VoIP and cloud telephony services. The slowest internet speeds are clustered in parts of MEA and Latin America. Hence, the adoption of contact center solutions is expected to be the lowest in these regions.
Opportunity: Growing demand for analyzing audio and video conversations
Speech and video analytics encompass tone, emotion, and sentiment detection analytics that would help contact centers understand customers' key pain points, build loyalty, and enhance the customer experience. Hence, speech recognition and call analytics are gaining popularity in the contact center software market as they enable enterprises to collect, structure effectively, and analyze large volumes of customer and prospect data passing through their front offices and to know their customers better way closely.
The speech and video analytics technology help contact centers analyze audio and video conversations in real time, by automating a range of operational processes, including call and video recording, speech recognition and transcription, emotion detection and analysis, search by keywords and extraction of actionable insights, conversation quality management, behavioral analysis, and other forms of data analysis. As the insights gained from incorporating video and speech analytics would enable contact centers to improve customer satisfaction levels, contact center companies are increasingly partnering with video conferencing companies and contact center AI and speech analytics technology providers. Challenge: Barriers to moving contact centers to cloud environments
The cloud is constantly becoming a popular deployment option among contact centers, especially in the post-COVID-19 chaos, with more employees working remotely and profit margins declining considerably. Most of companies have shifted or are planning to shift their contact centers completely to the cloud as it offers several benefits, such as improved flexibility, cost reduction, real-time control, continuous innovation, integrated reporting, and manageable multi-site contact centers. Despite such benefits, the fear of losing control and security and issues associated with storage, retention, continuous accessibility, and portability, resist companies from moving completely to the cloud.
However, the availability of private cloud options, benefits of implementation and integration as well as training, support, and maintenance services, and growing compliance adherence with regulations (but not limited to), such as HIPAA, PCI DSS, SOC, GDPR, and OFCOM by the cloud contact providers are the barriers in moving to cloud environments.
Some of the prominent players in the Contact Center Software Market include:
Segments Covered in the Report
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2032. For this study, Nova one advisor, Inc. has segmented the global Contact Center Software market.
By Solution
By Service
By Deployment
By Enterprise Size
By End-User
By Region
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Contact Center Software Market
5.1. COVID-19 Landscape: Contact Center Software Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Contact Center Software Market, By Solution
8.1. Contact Center Software Market, by Solution, 2023-2032
8.1.1. Automatic Call Distribution (ACD)
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Computer Telephony Integration (CTI)
8.1.2.1. Market Revenue and Forecast (2020-2032)
8.1.3. Call Recording
8.1.3.1. Market Revenue and Forecast (2020-2032)
8.1.4. Dialer
8.1.4.1. Market Revenue and Forecast (2020-2032)
8.1.5. Customer Collaboration
8.1.5.1. Market Revenue and Forecast (2020-2032)
8.1.6. Reporting & Analytics
8.1.6.1. Market Revenue and Forecast (2020-2032)
8.1.7. Interactive Voice Responses (IVR)
8.1.7.1. Market Revenue and Forecast (2020-2032)
8.1.8. Workforce Optimization
8.1.8.1. Market Revenue and Forecast (2020-2032)
8.1.9. Others
8.1.9.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global Contact Center Software Market, By Service
9.1. Contact Center Software Market, by Service, 2023-2032
9.1.1. Integration & Deployment
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Support & Maintenance
9.1.2.1. Market Revenue and Forecast (2020-2032)
9.1.3. Training & Consulting
9.1.3.1. Market Revenue and Forecast (2020-2032)
9.1.4. Managed Services
9.1.4.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Global Contact Center Software Market, By Deployment
10.1. Contact Center Software Market, by Deployment, 2023-2032
10.1.1. Hosted
10.1.1.1. Market Revenue and Forecast (2020-2032)
10.1.2. On-premise
10.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 11. Global Contact Center Software Market, By Enterprise Size
11.1. Contact Center Software Market, by Enterprise Size, 2023-2032
11.1.1. Large Enterprises
11.1.1.1. Market Revenue and Forecast (2020-2032)
11.1.2. Small and Medium-Sized Enterprises
11.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 12. Global Contact Center Software Market, By End-User
12.1. Contact Center Software Market, by End-User, 2023-2032
12.1.1. Healthcare
12.1.1.1. Market Revenue and Forecast (2020-2032)
12.1.2. BFSI
12.1.2.1. Market Revenue and Forecast (2020-2032)
12.1.3. Government
12.1.3.1. Market Revenue and Forecast (2020-2032)
12.1.4. Consumer Goods and Retail
12.1.4.1. Market Revenue and Forecast (2020-2032)
12.1.5. Travel and Hospitality
12.1.5.1. Market Revenue and Forecast (2020-2032)
12.1.6. IT and Telecom
12.1.6.1. Market Revenue and Forecast (2020-2032)
12.1.7. Others
12.1.7.1. Market Revenue and Forecast (2020-2032)
Chapter 13. Global Contact Center Software Market, Regional Estimates and Trend Forecast
13.1. North America
13.1.1. Market Revenue and Forecast, by Solution (2020-2032)
13.1.2. Market Revenue and Forecast, by Service (2020-2032)
13.1.3. Market Revenue and Forecast, by Deployment (2020-2032)
13.1.4. Market Revenue and Forecast, by Enterprise Size (2020-2032)
13.1.5. Market Revenue and Forecast, by End-User (2020-2032)
13.1.6. U.S.
13.1.6.1. Market Revenue and Forecast, by Solution (2020-2032)
13.1.6.2. Market Revenue and Forecast, by Service (2020-2032)
13.1.6.3. Market Revenue and Forecast, by Deployment (2020-2032)
13.1.6.4. Market Revenue and Forecast, by Enterprise Size (2020-2032)
13.1.6.5. Market Revenue and Forecast, by End-User (2020-2032)
13.1.7. Rest of North America
13.1.7.1. Market Revenue and Forecast, by Solution (2020-2032)
13.1.7.2. Market Revenue and Forecast, by Service (2020-2032)
13.1.7.3. Market Revenue and Forecast, by Deployment (2020-2032)
13.1.7.4. Market Revenue and Forecast, by Enterprise Size (2020-2032)
13.1.7.5. Market Revenue and Forecast, by End-User (2020-2032)
13.2. Europe
13.2.1. Market Revenue and Forecast, by Solution (2020-2032)
13.2.2. Market Revenue and Forecast, by Service (2020-2032)
13.2.3. Market Revenue and Forecast, by Deployment (2020-2032)
13.2.4. Market Revenue and Forecast, by Enterprise Size (2020-2032)
13.2.5. Market Revenue and Forecast, by End-User (2020-2032)
13.2.6. UK
13.2.6.1. Market Revenue and Forecast, by Solution (2020-2032)
13.2.6.2. Market Revenue and Forecast, by Service (2020-2032)
13.2.6.3. Market Revenue and Forecast, by Deployment (2020-2032)
13.2.7. Market Revenue and Forecast, by Enterprise Size (2020-2032)
13.2.8. Market Revenue and Forecast, by End-User (2020-2032)
13.2.9. Germany
13.2.9.1. Market Revenue and Forecast, by Solution (2020-2032)
13.2.9.2. Market Revenue and Forecast, by Service (2020-2032)
13.2.9.3. Market Revenue and Forecast, by Deployment (2020-2032)
13.2.10. Market Revenue and Forecast, by Enterprise Size (2020-2032)
13.2.11. Market Revenue and Forecast, by End-User (2020-2032)
13.2.12. France
13.2.12.1. Market Revenue and Forecast, by Solution (2020-2032)
13.2.12.2. Market Revenue and Forecast, by Service (2020-2032)
13.2.12.3. Market Revenue and Forecast, by Deployment (2020-2032)
13.2.12.4. Market Revenue and Forecast, by Enterprise Size (2020-2032)
13.2.13. Market Revenue and Forecast, by End-User (2020-2032)
13.2.14. Rest of Europe
13.2.14.1. Market Revenue and Forecast, by Solution (2020-2032)
13.2.14.2. Market Revenue and Forecast, by Service (2020-2032)
13.2.14.3. Market Revenue and Forecast, by Deployment (2020-2032)
13.2.14.4. Market Revenue and Forecast, by Enterprise Size (2020-2032)
13.2.15. Market Revenue and Forecast, by End-User (2020-2032)
13.3. APAC
13.3.1. Market Revenue and Forecast, by Solution (2020-2032)
13.3.2. Market Revenue and Forecast, by Service (2020-2032)
13.3.3. Market Revenue and Forecast, by Deployment (2020-2032)
13.3.4. Market Revenue and Forecast, by Enterprise Size (2020-2032)
13.3.5. Market Revenue and Forecast, by End-User (2020-2032)
13.3.6. India
13.3.6.1. Market Revenue and Forecast, by Solution (2020-2032)
13.3.6.2. Market Revenue and Forecast, by Service (2020-2032)
13.3.6.3. Market Revenue and Forecast, by Deployment (2020-2032)
13.3.6.4. Market Revenue and Forecast, by Enterprise Size (2020-2032)
13.3.7. Market Revenue and Forecast, by End-User (2020-2032)
13.3.8. China
13.3.8.1. Market Revenue and Forecast, by Solution (2020-2032)
13.3.8.2. Market Revenue and Forecast, by Service (2020-2032)
13.3.8.3. Market Revenue and Forecast, by Deployment (2020-2032)
13.3.8.4. Market Revenue and Forecast, by Enterprise Size (2020-2032)
13.3.9. Market Revenue and Forecast, by End-User (2020-2032)
13.3.10. Japan
13.3.10.1. Market Revenue and Forecast, by Solution (2020-2032)
13.3.10.2. Market Revenue and Forecast, by Service (2020-2032)
13.3.10.3. Market Revenue and Forecast, by Deployment (2020-2032)
13.3.10.4. Market Revenue and Forecast, by Enterprise Size (2020-2032)
13.3.10.5. Market Revenue and Forecast, by End-User (2020-2032)
13.3.11. Rest of APAC
13.3.11.1. Market Revenue and Forecast, by Solution (2020-2032)
13.3.11.2. Market Revenue and Forecast, by Service (2020-2032)
13.3.11.3. Market Revenue and Forecast, by Deployment (2020-2032)
13.3.11.4. Market Revenue and Forecast, by Enterprise Size (2020-2032)
13.3.11.5. Market Revenue and Forecast, by End-User (2020-2032)
13.4. MEA
13.4.1. Market Revenue and Forecast, by Solution (2020-2032)
13.4.2. Market Revenue and Forecast, by Service (2020-2032)
13.4.3. Market Revenue and Forecast, by Deployment (2020-2032)
13.4.4. Market Revenue and Forecast, by Enterprise Size (2020-2032)
13.4.5. Market Revenue and Forecast, by End-User (2020-2032)
13.4.6. GCC
13.4.6.1. Market Revenue and Forecast, by Solution (2020-2032)
13.4.6.2. Market Revenue and Forecast, by Service (2020-2032)
13.4.6.3. Market Revenue and Forecast, by Deployment (2020-2032)
13.4.6.4. Market Revenue and Forecast, by Enterprise Size (2020-2032)
13.4.7. Market Revenue and Forecast, by End-User (2020-2032)
13.4.8. North Africa
13.4.8.1. Market Revenue and Forecast, by Solution (2020-2032)
13.4.8.2. Market Revenue and Forecast, by Service (2020-2032)
13.4.8.3. Market Revenue and Forecast, by Deployment (2020-2032)
13.4.8.4. Market Revenue and Forecast, by Enterprise Size (2020-2032)
13.4.9. Market Revenue and Forecast, by End-User (2020-2032)
13.4.10. South Africa
13.4.10.1. Market Revenue and Forecast, by Solution (2020-2032)
13.4.10.2. Market Revenue and Forecast, by Service (2020-2032)
13.4.10.3. Market Revenue and Forecast, by Deployment (2020-2032)
13.4.10.4. Market Revenue and Forecast, by Enterprise Size (2020-2032)
13.4.10.5. Market Revenue and Forecast, by End-User (2020-2032)
13.4.11. Rest of MEA
13.4.11.1. Market Revenue and Forecast, by Solution (2020-2032)
13.4.11.2. Market Revenue and Forecast, by Service (2020-2032)
13.4.11.3. Market Revenue and Forecast, by Deployment (2020-2032)
13.4.11.4. Market Revenue and Forecast, by Enterprise Size (2020-2032)
13.4.11.5. Market Revenue and Forecast, by End-User (2020-2032)
13.5. Latin America
13.5.1. Market Revenue and Forecast, by Solution (2020-2032)
13.5.2. Market Revenue and Forecast, by Service (2020-2032)
13.5.3. Market Revenue and Forecast, by Deployment (2020-2032)
13.5.4. Market Revenue and Forecast, by Enterprise Size (2020-2032)
13.5.5. Market Revenue and Forecast, by End-User (2020-2032)
13.5.6. Brazil
13.5.6.1. Market Revenue and Forecast, by Solution (2020-2032)
13.5.6.2. Market Revenue and Forecast, by Service (2020-2032)
13.5.6.3. Market Revenue and Forecast, by Deployment (2020-2032)
13.5.6.4. Market Revenue and Forecast, by Enterprise Size (2020-2032)
13.5.7. Market Revenue and Forecast, by End-User (2020-2032)
13.5.8. Rest of LATAM
13.5.8.1. Market Revenue and Forecast, by Solution (2020-2032)
13.5.8.2. Market Revenue and Forecast, by Service (2020-2032)
13.5.8.3. Market Revenue and Forecast, by Deployment (2020-2032)
13.5.8.4. Market Revenue and Forecast, by Enterprise Size (2020-2032)
13.5.8.5. Market Revenue and Forecast, by End-User (2020-2032)
Chapter 14. Company Profiles
14.1. 8X8, Inc.
14.1.1. Company Overview
14.1.2. Product Offerings
14.1.3. Financial Performance
14.1.4. Recent Initiatives
14.2. ALE International
14.2.1. Company Overview
14.2.2. Product Offerings
14.2.3. Financial Performance
14.2.4. Recent Initiatives
14.3. Altivon
14.3.1. Company Overview
14.3.2. Product Offerings
14.3.3. Financial Performance
14.3.4. Recent Initiatives
14.4. Amazon Web Services, Inc.
14.4.1. Company Overview
14.4.2. Product Offerings
14.4.3. Financial Performance
14.4.4. Recent Initiatives
14.5. Ameyo
14.5.1. Company Overview
14.5.2. Product Offerings
14.5.3. Financial Performance
14.5.4. Recent Initiatives
14.6. Amtelco
14.6.1. Company Overview
14.6.2. Product Offerings
14.6.3. Financial Performance
14.6.4. Recent Initiatives
14.7. Aspect Software
14.7.1. Company Overview
14.7.2. Product Offerings
14.7.3. Financial Performance
14.7.4. Recent Initiatives
14.8. Avaya Inc.
14.8.1. Company Overview
14.8.2. Product Offerings
14.8.3. Financial Performance
14.8.4. Recent Initiatives
14.9. Avoxi
14.9.1. Company Overview
14.9.2. Product Offerings
14.9.3. Financial Performance
14.9.4. Recent Initiatives
14.10. Cisco Systems, Inc.
14.10.1. Company Overview
14.10.2. Product Offerings
14.10.3. Financial Performance
14.10.4. Recent Initiatives
Chapter 15. Research Methodology
15.1. Primary Research
15.2. Secondary Research
15.3. Assumptions
Chapter 16. Appendix
16.1. About Us
16.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers