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Future of Customer Engagement in Latin America, 2018

  • Report

  • 46 Pages
  • April 2018
  • Region: Latin America
  • Frost & Sullivan
  • ID: 4521800

New Business Models Will Be Key to Meet the Demands of the Digital Customer

In a world of rapidly changing technologies, providing consistently excellent customer support can be challenging. Consider that companies today are developing a widening assortment of popular technology-driven products and services, as well as adding complexity to existing ones. Technology-enabled goods-such as appliances, automobiles, entertainment products, and home security systems-are growing in functionality and complexity. Many products have the ability to be connected to and managed through the Internet; hence, the Internet of Things (IoT).In addition, a dizzying array of computers, mobile devices, and medical devices require high levels of technical support. Sales, customer care, and support agents in contact centers today are utilizing a much wider arsenal of communication tools, including voice, video, email, IVR, Web chat, file sharing, and social media. The publisher believes that traditional, voice-centric call centers are rapidly morphing into omnichannel centers of excellence and relationship hubs.

This research shows that the new omnichannel consumer wants to have access to all available channels simultaneously, including the retail in-store/in-person experience. Examine, for a minute, how the consumer landscape has changed. Customers are demanding service on the channels they prefer, such as social media sites or mobile devices. This evolution could translate into an enhanced value proposition for clients and consumers. How? In essence, technology platforms and new business models will be key to meeting the complex communication needs of today’s omnichannel consumer. At the same time, younger customers in particular have become more impatient, demanding, and knowledgeable. More and more, millennial consumers insist on omnichannel support: a coherent, seamless customer experience, regardless of the channel through which they engage a business. This can range from face-to-face service to self-service.

Research Scope

This growth insight aims to analyze the top trends involving the future of customer engagement in Latin America. It provides insights from a publisher end-user priorities for customer engagement survey in Latin America to gauge companies' readiness for digital transformation and their priorities.

The insight presents a market overview and drivers and restraints. It provides insights regarding growth opportunities, emerging trends, and key takeaways that will affect market participants.

Key Issues Addressed

  • What are the key trends involving the future of customer engagement in Latin America?
  • What are the greatest opportunities/challenges for companies?
  • What are the key drivers and restraints for growth in Latin America?
  • Who are the key competitors?
  • What are the main technologies and new business models that companies should invest in?

Table of Contents

1. Executive Summary
  • Key Findings

2. Market Overview
  • Customer Experience Becomes Digital Experience
  • The Omnichannel Consumer
  • Latin American Companies Entering the Digital Transformation Era

3. Drivers and Restraints
  • Market Drivers
  • Drivers Explained
  • Market Restraints
  • Restraints Explained

4. Latin American Market Trends on the Future of Customer Engagement
  • Latin American Social Trends by 2025
  • Impacts of Low DX Quality
  • Top Investment Priorities for Customer Engagement
  • Challenges of Employing Customer Analytics
  • What Does the Future Hold?

5. Latin America’s Future of Customer Engagement - Use Cases
  • AWS
  • Cognizant

6. Growth Opportunities
  • Growth Opportunity 1 - The IoT: Supporting Immersive Experiences
  • Growth Opportunity 2 - Video
  • Growth Opportunity 3 - Gamifying the CX
  • Growth Opportunity 4 - Agent Desktop/Agent Empowerment
  • Growth Opportunity 5 - Social Customer Engagement
  • Strategic Imperatives for Success and Growth

7. The Last Word
  • Key Takeaways
  • Legal Disclaimer

8. Appendix
  • List of Exhibits

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Amazon Web Services
  • Cognizant