Global Cloud-Based Contact Center Market is valued at approximately USD 13.5 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 26% over the forecast period 2022-2028.A cloud-based contact centre is typically a full suite of cloud-hosted contact centre services, tools, and applications. These are typically implemented in businesses that need multiple communication channels (including voice, email, social media, and the web), agent management, sophisticated call routing, and analytics. Since the COVID-19 pandemic, businesses are choosing cloud-based contact centres more and more often in order to manage inbound and outbound customer communications efficiently and to provide flexibility in managing customer service operations with the help of remote workers.Multi-channel customer contacts are increasingly in demand, which guarantees effective customer service delivery. In order to enhance user experience and maintain competitiveness in the rapidly evolving market environment, businesses all over the world are making committed investments in AI and ML technologies.The market for cloud-based call centres is being shaped by expanding technological advancements. To improve their competitiveness in the market, major companies involved in the cloud-based call centre industry are concentrating on creating technological solutions for these facilities. For instance, TechSee, a US-based technology and technical support company with a focus on augmented reality and visual technology introduced TechSee Smart in July 2019 using artificial intelligence technology. Now, a customer calling from their smartphone can send still images or videos to the contact centre, which are then examined by the TechSee Smart platform to identify the product model and the problem's origin.However, cloud-based services present numerous particular security problems and difficulties which may hinder the market growth. There is poor visibility and little control over data stored in the cloud with a third-party provider because the provider can access the data.
The key regions considered for the global Cloud-Based Contact Center marketstudy includeAsia Pacific, North America, Europe, Latin America, and Rest of the World.The market for cloud-based contact centres is largely driven by North America. When it comes to the adoption of cloud-based contact centre solutions across the major industries, this region is a very open and competitive market. It is especially receptive to embracing the most recent technological advancements. Whereas, during the forecast period, Asia Pacific is anticipated to experience the fastest growth owing to significant adoption of cloud based solutions along with on going digitalization in the region.
Major market players included in this report are:
NICE
Genesys
Five9
Vonage
Talkdesk
8x8
Cisco
Avaya
Serenova
Content Guru
Alvaria
RingCentral
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
ByComponent:
Solutions
Services
By Deployment Mode:
Private cloud
Public cloud
By Organisation Size:
SMEs
Large Enterprises
ByVerticals:
Banking, Financial Services, And Insurance
Telecommunications
IT and Ites
Government and Public Sector
Retail and consumer goods
Manufacturing
Energy and utilities
Media and entertainment
Healthcare and Life Sciences
Other Verticals
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019, 2020
Base year - 2021
Forecast period - 2022 to 2028
Target Audience of the Global Cloud-Based Contact Center Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
- 1.2.1. Cloud-Based Contact Center Market, by Region, 2020-2028 (USD Billion)
- 1.2.2. Cloud-Based Contact Center Market, by Component, 2020-2028 (USD Billion)
- 1.2.3. Cloud-Based Contact Center Market, by Deployment Mode, 2020-2028 (USD Billion)
- 1.2.4. Cloud-Based Contact Center Market, by Organisation Size, 2020-2028 (USD Billion)
- 1.2.5. Cloud-Based Contact Center Market, by Verticals, 2020-2028 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Cloud-Based Contact Center Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Cloud-Based Contact Center Market Dynamics
- 3.1. Cloud-Based Contact Center Market Impact Analysis (2020-2028)
- 3.1.1. Market Drivers
- 3.1.1.1. Rising adoption of SMAC technologies
- 3.1.1.2. Role of social media in cloud-based contact center operations
- 3.1.2. Market Challenges
- 3.1.2.1. Inadequate network bandwidth in emerging economies
- 3.1.3. Market Opportunities
- 3.1.3.1. Enhanced customer experience to increase cloud-based contact center adoption
Chapter 4. Global Cloud-Based Contact Center Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model (2018-2028)
- 4.2. PEST Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.3. Investment Adoption Model
- 4.4. Analyst Recommendation & Conclusion
- 4.5. Top investment opportunity
- 4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1.1. Assessment of the overall impact of COVID-19 on the industry
- 5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Cloud-Based Contact Center Market, by Component
- 6.1. Market Snapshot
- 6.2. Global Cloud-Based Contact Center Market by Component, Performance - Potential Analysis
- 6.3. Global Cloud-Based Contact Center Market Estimates & Forecasts by Component, 2018-2028 (USD Billion)
- 6.4. Cloud-Based Contact Center Market, Sub Segment Analysis
- 6.4.1. Solutions
- 6.4.2. Services
Chapter 7. Global Cloud-Based Contact Center Market, by Deployment Mode
- 7.1. Market Snapshot
- 7.2. Global Cloud-Based Contact Center Market by Deployment Mode, Performance - Potential Analysis
- 7.3. Global Cloud-Based Contact Center Market Estimates & Forecasts by Deployment Mode, 2018-2028 (USD Billion)
- 7.4. Cloud-Based Contact Center Market, Sub Segment Analysis
- 7.4.1. Private cloud
- 7.4.2. Public cloud
Chapter 8. Global Cloud-Based Contact Center Market, by Organisation Size
- 8.1. Market Snapshot
- 8.2. Global Cloud-Based Contact Center Market by Organisation Size, Performance - Potential Analysis
- 8.3. Global Cloud-Based Contact Center Market Estimates & Forecasts by Organisation Size, 2018-2028 (USD Billion)
- 8.4. Cloud-Based Contact Center Market, Sub Segment Analysis
- 8.4.1. SMEs
- 8.4.2. Large Enterprises
Chapter 9. Global Cloud-Based Contact Center Market, by Verticals
- 9.1. Market Snapshot
- 9.2. Global Cloud-Based Contact Center Market by Verticals, Performance - Potential Analysis
- 9.3. Global Cloud-Based Contact Center Market Estimates & Forecasts by Verticals, 2018-2028 (USD Billion)
- 9.4. Cloud-Based Contact Center Market, Sub Segment Analysis
- 9.4.1. Banking, Financial Services, And Insurance
- 9.4.2. Telecommunications
- 9.4.3. IT and Ites
- 9.4.4. Government and Public Sector
- 9.4.5. Retail and consumer goods
- 9.4.6. Manufacturing
- 9.4.7. Energy and utilities
- 9.4.8. Media and entertainment
- 9.4.9. Healthcare and Life Sciences
- 9.4.10. Other Verticals
Chapter 10. Global Cloud-Based Contact Center Market, Regional Analysis
- 10.1. Cloud-Based Contact Center Market, Regional Market Snapshot
- 10.2. North America Cloud-Based Contact Center Market
- 10.2.1. U.S. Cloud-Based Contact Center Market
- 10.2.1.1. Component breakdown estimates & forecasts, 2018-2028
- 10.2.1.2. Deployment Mode breakdown estimates & forecasts, 2018-2028
- 10.2.1.3. Organisation Size breakdown estimates & forecasts, 2018-2028
- 10.2.1.4. Verticals breakdown estimates & forecasts, 2018-2028
- 10.2.2. Canada Cloud-Based Contact Center Market
- 10.3. Europe Cloud-Based Contact Center Market Snapshot
- 10.3.1. U.K. Cloud-Based Contact Center Market
- 10.3.2. Germany Cloud-Based Contact Center Market
- 10.3.3. France Cloud-Based Contact Center Market
- 10.3.4. Spain Cloud-Based Contact Center Market
- 10.3.5. Italy Cloud-Based Contact Center Market
- 10.3.6. Rest of Europe Cloud-Based Contact Center Market
- 10.4. Asia-Pacific Cloud-Based Contact Center Market Snapshot
- 10.4.1. China Cloud-Based Contact Center Market
- 10.4.2. India Cloud-Based Contact Center Market
- 10.4.3. Japan Cloud-Based Contact Center Market
- 10.4.4. Australia Cloud-Based Contact Center Market
- 10.4.5. South Korea Cloud-Based Contact Center Market
- 10.4.6. Rest of Asia Pacific Cloud-Based Contact Center Market
- 10.5. Latin America Cloud-Based Contact Center Market Snapshot
- 10.5.1. Brazil Cloud-Based Contact Center Market
- 10.5.2. Mexico Cloud-Based Contact Center Market
- 10.6. Rest of The World Cloud-Based Contact Center Market
Chapter 11. Competitive Intelligence
- 11.1. Top Market Strategies
- 11.2. Company Profiles
- 11.2.1. NICE
- 11.2.1.1. Key Information
- 11.2.1.2. Overview
- 11.2.1.3. Financial (Subject to Data Availability)
- 11.2.1.4. Deployment ModeSummary
- 11.2.1.5. Recent Developments
- 11.2.2. Genesys
- 11.2.3. Five9
- 11.2.4. Vonage
- 11.2.5. Talkdesk
- 11.2.6. 8x8
- 11.2.7. Cisco
- 11.2.8. Avaya
- 11.2.9. Serenova
- 11.2.10. Content Guru
Chapter 12. Research Process
- 12.1. Research Process
- 12.1.1. Data Mining
- 12.1.2. Analysis
- 12.1.3. Market Estimation
- 12.1.4. Validation
- 12.1.5. Publishing
- 12.2. Research Attributes
- 12.3. Research Assumption