Proliferation of cloud computing, growing demand for speech and text analytics solutions, and increased compliance requirements are other key factors fueling the growth of this market. However, high cost of investment and consumer data privacy rules and regulations are a few restraints for the growth of contact center analytics market.
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The contact center analytics market size is projected to grow from USD709.5 million in 2017 to USD 1,483.6 million by 2022, at a Compound Annual Growth Rate (CAGR) of 15.9%.
Customer experience analytics aggregates customer interactions, transactions, feedback and, agent data to provide an end-to-end picture of the customer journey.
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Contact centers can leverage from contact center analytics by integrating and analyzing customer data from multiple channels and utilize generated insights to improve their contact center operations and find new opportunities to engage and serve their customers. Some of the major opportunities include automatically assigning a reason for all customer contacts based on speech, text, desktop and transaction analytics.
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In the process of determining and verifying the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. Break-up of profile of primary participants is as follows:
- By Company: Tier 1 – 20%, Tier 2 –50%, and Tier 3 –30%
- By Designation: C-level – 35%, Director level – 48%, and Others – 17%
- By Region: North America – 44%, Europe – 24%, and APAC – 32%
Key Points From Table Of Content:
5 Market Overview and Industry Trends
5.1 Market Overview
5.1.2 Market Dynamics
184.108.40.206 Demand for Better Customer Experience Management Solutions
220.127.116.11 Proliferation of Cloud Computing
18.104.22.168 Growing Demand for Speech and Text Analytics
22.214.171.124 Increased Compliance Requirements
126.96.36.199 High Cost of Investment
188.8.131.52 Consumer Data Privacy Rules and Regulations
184.108.40.206 Social Media Analytics
220.127.116.11 Real-Time Monitoring and Analytics
18.104.22.168 Predictive Analytics
22.214.171.124 Lack of A Clear and Holistic Analytics Approach in Contact Centers
5.2 Industry Trends
5.2.1 Contact Center Analytics Use Cases
126.96.36.199 Use Case #1
188.8.131.52 Use Case #2
184.108.40.206 Use Case #3
220.127.116.11 Use Case #4
5.3 Contact Center Analytics, Key Performance Indicators
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13 Company Profiles
(Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments, Key Relationships)*
13.1 Cisco Systems, Inc.
13.2 Genpact Limited
13.3 Verint Systems Inc.
13.4 8x8, Inc.
13.6 Oracle Corporation
13.7 Mitel Networks Corporation
13.8 SAP SE
13.9 Nice Ltd.
13.10 Enghouse Interactive
13.11 Five9, Inc.
13.13 Servion Global Solutions
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