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Contact Center Solutions Market by Deployment, Type, and Geography - Forecast and Analysis 2020-2024 - Product Image

Contact Center Solutions Market by Deployment, Type, and Geography - Forecast and Analysis 2020-2024

  • ID: 4856400
  • Report
  • October 2019
  • Region: Global
  • 163 pages
  • TechNavio
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FEATURED COMPANIES

  • 8x8 Inc.
  • ALE International
  • Aspect Software Inc.
  • Avaya Holdings Corp.
  • Cisco Systems Inc.
  • Enghouse Systems Ltd.
  • MORE
Global Contact Center Solutions Market: About this market
The contact center solutions market analysis considers sales from voice, text, and social types. Our study also finds the sales of contact center solutions in APAC, Europe, North America, South America, and MEA. In 2019, the voice segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the availability of advanced solutions such as IVR, ACD, CTI, and call recording will play a significant role in the voice segment to maintain its market position. Also, our global contact center solutions market report looks at factors such as increase in adoption of cloud-based contact center solutions, demand for cross-channel strategies, and demand for automation to reduce operational cost. However, integration issues with legacy systems, security issues associated with cloud solutions, and constant need to train contact center employees due to high attrition rate may hamper the growth of the contact center solutions industry over the forecast period.

Global Contact Center Solutions Market: Overview

Increase in the adoption of cloud-based contact center solutions
Cloud-based contact center solutions allow organizations to carry out customer communications virtually, through voice, email, or social media channels. Cloud-based contact center solutions also offer enterprises the flexibility to quickly adapt to changing business needs. Owing to such benefits, the demand for cloud-based contact center solutions has increased over recent years. This is encouraging vendors to launch new cloud-based contact center solutions to cater to the growing demand from enterprises, which will lead to the expansion of the global contact center solutions market at a CAGR of over 9% during the forecast period.

Increasing use of analytics solutions in contact centers
With the adoption of advanced technologies, such as cloud solutions, contact center organizations have started using analytics tools such as Al and big data to gain insights from the generated data and improve customer service experience. Contact centers offer services to enterprises during the sales and service phase of their customer relationship operations. Contact center organizations handle high volumes of such queries daily and often face issues in handling the queries efficiently.AI and ML-based solutions such as natural language generation (NLG), dialog state tracking (DST), and natural language processing (NLP) are being widely used by contact center organizations to improve the performance of agents. This development is expected to have a positive impact on the overall market growth.

Competitive Landscape
With the presence of several major players, the global contact center solutions market is fragmented. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading contact center solutions manufacturers, that include 8x8 Inc., ALE International, Aspect Software Inc., Avaya Holdings Corp., Cisco Systems Inc., Enghouse Systems Ltd., Five9 Inc., Genesys Telecommunications Laboratories Inc., Mitel Networks Corp., and NEC Corp.

Also, the contact center solutions market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • 8x8 Inc.
  • ALE International
  • Aspect Software Inc.
  • Avaya Holdings Corp.
  • Cisco Systems Inc.
  • Enghouse Systems Ltd.
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT
  • Preface
  • Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
PART 04: MARKET SIZING
  • Market definition
  • Market sizing 2019
  • Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition
PART 06: MARKET SEGMENTATION BY DEPLOYMENT
  • Market segmentation by deployment
  • Comparison by deployment
  • On-premises - Market size and forecast 2019-2024
  • Cloud-based - Market size and forecast 2019-2024
  • Market opportunity by deployment
PART 07: CUSTOMER LANDSCAPE

PART 08: MARKET SEGMENTATION BY TYPE
  • Market segmentation by type
  • Comparison by type
  • Voice - Market size and forecast 2019-2024
  • Text - Market size and forecast 2019-2024
  • Social - Market size and forecast 2019-2024
  • Market opportunity by type
PART 09: GEOGRAPHIC LANDSCAPE
  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity
PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES
  • Market driver
  • Market challenges
PART 12: MARKET TRENDS
  • Strategic partnerships and acquisitions among market participants
  • Increasing use of analytics solutions in contact centers
  • Rise of social media channels as medium of contact
PART 13: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
  • Competitive scenario
PART 14: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • 8x8 Inc.
  • ALE International
  • Aspect Software Inc.
  • Avaya Holdings Corp.
  • Cisco Systems Inc.
  • Enghouse Systems Ltd.
  • Five9 Inc.
  • Genesys Telecommunications Laboratories Inc.
  • Mitel Networks Corp.
  • NEC Corp.
PART 15: APPENDIX
  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors
List of Exhibits
Exhibit 01: Vendors: Key offerings
Exhibit 02: Global information technology spending market
Exhibit 03: Segments of global information technology spending market
Exhibit 04: Market characteristics
Exhibit 05: Market segments
Exhibit 06: Market definition - Inclusions and exclusions checklist
Exhibit 07: Market size 2019
Exhibit 08: Global market: Size and forecast 2019-2024 ($ billions)
Exhibit 09: Global market: Year-over-year growth 2020-2024 (%)
Exhibit 10: Five forces analysis 2019
Exhibit 11: Five forces analysis 2024
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition - Five forces 2019
Exhibit 18: Deployment - Market share 2019-2024 (%)
Exhibit 19: Comparison by deployment
Exhibit 20: On-premises - Market size and forecast 2019-2024 ($ billions)
Exhibit 21: On-premises - Year-over-year growth 2020-2024 (%)
Exhibit 22: Cloud-based - Market size and forecast 2019-2024 ($ billions)
Exhibit 23: Cloud-based - Year-over-year growth 2020-2024 (%)
Exhibit 24: Market opportunity by deployment
Exhibit 25: Customer landscape
Exhibit 26: Type - Market share 2019-2024 (%)
Exhibit 27: Comparison by type
Exhibit 28: Voice - Market size and forecast 2019-2024 ($ billions)
Exhibit 29: Voice - Year-over-year growth 2020-2024 (%)
Exhibit 30: Text - Market size and forecast 2019-2024 ($ billions)
Exhibit 31: Text - Year-over-year growth 2020-2024 (%)
Exhibit 32: Social - Market size and forecast 2019-2024 ($ billions)
Exhibit 33: Social - Year-over-year growth 2020-2024 (%)
Exhibit 34: Market opportunity by type
Exhibit 35: Market share by geography 2019-2024 (%)
Exhibit 36: Geographic comparison
Exhibit 37: North America - Market size and forecast 2019-2024 ($ billions)
Exhibit 38: North America - Year-over-year growth 2020-2024 (%)
Exhibit 39: APAC - Market size and forecast 2019-2024 ($ billions)
Exhibit 40: APAC - Year-over-year growth 2020-2024 (%)
Exhibit 41: Europe - Market size and forecast 2019-2024 ($ billions)
Exhibit 42: Europe - Year-over-year growth 2020-2024 (%)
Exhibit 43: South America - Market size and forecast 2019-2024 ($ billions)
Exhibit 44: South America - Year-over-year growth 2020-2024 (%)
Exhibit 45: MEA - Market size and forecast 2019-2024 ($ billions)
Exhibit 46: MEA - Year-over-year growth 2020-2024 (%)
Exhibit 47: Key leading countries
Exhibit 48: Market opportunity
Exhibit 49: Impact of drivers and challenges
Exhibit 50: Vendor landscape
Exhibit 51: Landscape disruption
Exhibit 52: Vendors covered
Exhibit 53: Vendor classification
Exhibit 54: Market positioning of vendors
Exhibit 55: x8 Inc. - Vendor overview
Exhibit 56: x8 Inc. - Business segments
Exhibit 57: x8 Inc. - Organizational developments
Exhibit 58: x8 Inc. - Geographic focus
Exhibit 59: x8 Inc. - Key offerings
Exhibit 60: ALE International - Vendor overview
Exhibit 61: ALE International - Product segments
Exhibit 62: ALE International - Organizational developments
Exhibit 63: ALE International - Key offerings
Exhibit 64: Aspect Software Inc. - Vendor overview
Exhibit 65: Aspect Software Inc. - Business segments
Exhibit 66: Aspect Software Inc. - Organizational developments
Exhibit 67: Aspect Software Inc. - Key offerings
Exhibit 68: Avaya Holdings Corp. - Vendor overview
Exhibit 69: Avaya Holdings Corp. - Business segments
Exhibit 70: Avaya Holdings Corp. - Organizational developments
Exhibit 71: Avaya Holdings Corp. - Geographic focus
Exhibit 72: Avaya Holdings Corp. - Segment focus
Exhibit 73: Avaya Holdings Corp. - Key offerings
Exhibit 74: Cisco Systems Inc. - Vendor overview
Exhibit 75: Cisco Systems Inc. - Business segments
Exhibit 76: Cisco Systems Inc. - Organizational developments
Exhibit 77: Cisco Systems Inc. - Geographic focus
Exhibit 78: Cisco Systems Inc. - Segment focus
Exhibit 79: Cisco Systems Inc. - Key offerings
Exhibit 80: Enghouse Systems Ltd. - Vendor overview
Exhibit 81: Enghouse Systems Ltd. - Business segments
Exhibit 82: Enghouse Systems Ltd. - Organizational developments
Exhibit 83: Enghouse Systems Ltd. - Geographic focus
Exhibit 84: Enghouse Systems Ltd. - Segment focus
Exhibit 85: Enghouse Systems Ltd. - Key offerings
Exhibit 86: Five9 Inc. - Vendor overview
Exhibit 87: Five9 Inc. - Business segments
Exhibit 88: Five9 Inc. - Organizational developments
Exhibit 89: Five9 Inc. - Geographic focus
Exhibit 90: Five9 Inc. - Key offerings
Exhibit 91: Genesys Telecommunications Laboratories Inc. - Vendor overview
Exhibit 92: Genesys Telecommunications Laboratories Inc. - Business segments
Exhibit 93: Genesys Telecommunications Laboratories Inc. - Organizational developments
Exhibit 94: Genesys Telecommunications Laboratories Inc. - Key offerings
Exhibit 95: Mitel Networks Corp. - Vendor overview
Exhibit 96: Mitel Networks Corp. - Business segments
Exhibit 97: Mitel Networks Corp. - Organizational developments
Exhibit 98: Mitel Networks Corp. - Key offerings
Exhibit 99: NEC Corp. - Vendor overview
Exhibit 100: NEC Corp. - Business segments
Exhibit 101: NEC Corp. - Organizational developments
Exhibit 102: NEC Corp. - Geographic focus
Exhibit 103: NEC Corp. - Segment focus
Exhibit 104: NEC Corp. - Key offerings
Exhibit 105: Validation techniques employed for market sizing
Exhibit 106: Definition of market positioning of vendors
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • 8x8 Inc.
  • ALE International
  • Aspect Software Inc.
  • Avaya Holdings Corp.
  • Cisco Systems Inc.
  • Enghouse Systems Ltd.
  • MORE
The following companies as the key players in the global contact center solutions market: 8x8 Inc., ALE International, Aspect Software Inc., Avaya Holdings Corp., Cisco Systems Inc., Enghouse Systems Ltd., Five9 Inc., Genesys Telecommunications Laboratories Inc., Mitel Networks Corp., and NEC Corp.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the increasing use of analytics solutions in contact centers.”

According to the report, one of the major drivers for this market is the increase in the adoption of cloud-based contact center solutions.

Further, the report states that one of the major factors hindering the growth of this market is the integration issues with legacy systems.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • 8x8 Inc.
  • ALE International
  • Aspect Software Inc.
  • Avaya Holdings Corp.
  • Cisco Systems Inc.
  • Enghouse Systems Ltd.
  • Five9 Inc.
  • Genesys Telecommunications Laboratories Inc.
  • Mitel Networks Corp.
  • NEC Corp.
Note: Product cover images may vary from those shown
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