June 13, 2024
ICT

Cloud-based Contact Center Market Size to Attain USD 155.74 Bn by 2033

The global cloud-based contact center market size accounted for US$ 29.63 billion in 2023 and is projected to reach around USD 155.74 billion by 2033, growing at a CAGR of 18.05% from 2024 to 2033.

Cloud-based Contact Center Market Size 2024 to 2033

Key Points

  • Asia-Pacific dominated the market with the largest share in 2023.
  • By component, the services segment dominated the cloud-based contact center market with the largest share in 2023.
  • By organization size, the large enterprises segment dominated the market in 2023.
  • By organization size, the small and medium enterprises (SMEs) segment is observed to witness a significant growth rate during the forecast period.
  • By deployment mode, the public segment captured the largest share of the market in 2023.
  • By deployment mode, the private segment is observed to grow at a significant rate during the forecast period.
  • By industry, the BFSI segment dominated the market in 2023.

Report Summary

The global cloud-based contact center market report provides a Point-by-Point and In-Depth analysis of global market size, regional and country-level market size, market share, segmentation market growth, competitive landscape, sales analysis, opportunities analysis, strategic market growth analysis, the impact of domestic and global market key players, value chain optimization, trade regulations, recent developments, product launches, area marketplace expanding, and technological innovations.

The study offers a comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales in the cloud-based contact center market across the globe.

A comprehensive estimate on the cloud-based contact center market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of cloud-based contact center during the forecast period. Price point comparison by region with global average price is also considered in the study.

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Cloud-based Contact Center Market Scope

Report Coverage Details
Growth Rate from 2024 to 2033 CAGR of 18.05%
Global Market Size in 2023 USD 29.63 Billion
Global Market Size by 2033 USD 155.74 Billion
Largest Market Asia Pacific
Base Year 2023
Forecast Period 2024 to 2033
Segments Covered By Component, By Organization Size, By Organization Size, and By Industry
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Key Highlights:

Reports Coverage: It incorporates key market sections, key makers secured, the extent of items offered in the years considered, worldwide containerized cloud-based contact center market and study goals. Moreover, it contacts the division study gave in the report based on the sort of item and applications.

Market Outline: This area stresses the key investigations, market development rate, serious scene, market drivers, patterns, and issues notwithstanding the naturally visible pointers.

Market Production by Region: The report conveys information identified with import and fare, income, creation, and key players of every single local market contemplated are canvassed right now.

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Market Players

The report includes the profiles of key cloud-based contact center market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information, key development in past five years.

Recent Developments

  • In December 2023, to assist companies in using generative AI to enhance operations, create new business ventures, and deliver distinctive experiences for consumers, Accenture and Google Cloud have launched a new initiative.
  • In May 2023, IBM introduced IBM Hybrid Cloud Mesh, a software-as-a-service (SaaS) solution to help businesses manage their hybrid multi-cloud architecture.
  • In January 2023, EY has declared the release of a retail solution that leverages Microsoft Cloud to help create seamless customer shopping experiences.

Cloud-based Contact Center Market Companies

  • NICE
  • Genesys
  • Five9
  • Vonage
  • Talkdesk
  • Cisco
  • Avaya
  • Serenova
  • Content Guru

Segments Covered in the Report

By Component

  • Solutions
  • Services

By Organization Size

  • Large Rnterprises
  • Small and Medium Enterprises (SMEs)

By Deployment Mode

  • Public
  • Private
  • Hybrid

By Industry

  • BFSI
  • Telecommunication
  • Retail and Consumer Goods

Regional Segmentation

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Research Methodology

Secondary Research

It involves company databases such as Hoover’s: This assists us to recognize financial information, the structure of the market participants and industry’s competitive landscape.

The secondary research sources referred in the process are as follows:

  • Governmental bodies, and organizations creating economic policies
  • National and international social welfare institutions
  • Company websites, financial reports and SEC filings, broker and investor reports
  • Related patent and regulatory databases
  • Statistical databases and market reports
  • Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to-face interviews, online surveys, and telephonic interviews.

  • Means of primary research: Email interactions, telephonic discussions and Questionnaire-based research etc.
  • In order to validate our research findings and analysis, we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

TABLE OF CONTENT

Recent Developments

  • In December 2023, to assist companies in using generative AI to enhance operations, create new business ventures, and deliver distinctive experiences for consumers, Accenture and Google Cloud have launched a new initiative.
  • In May 2023, IBM introduced IBM Hybrid Cloud Mesh, a software-as-a-service (SaaS) solution to help businesses manage their hybrid multi-cloud architecture.
  • In January 2023, EY has declared the release of a retail solution that leverages Microsoft Cloud to help create seamless customer shopping experiences.

Cloud-based Contact Center Market Companies

  • NICE
  • Genesys
  • Five9
  • Vonage
  • Talkdesk
  • Cisco
  • Avaya
  • Serenova
  • Content Guru

Segments Covered in the Report

By Component

  • Solutions
  • Services

By Organization Size

  • Large Rnterprises
  • Small and Medium Enterprises (SMEs)

By Deployment Mode

  • Public
  • Private
  • Hybrid

By Industry

  • BFSI
  • Telecommunication
  • Retail and Consumer Goods

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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