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Contact Center Software Market Is Anticipated to Witness Higher Demands Till 2025

The evolution of contact centers, from traditional voice-centric facilities, followed by multimedia customer interaction, to the unified communication social media with integrated channels, has enabled professionals to retain their customers.u00a0<br>

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Contact Center Software Market Is Anticipated to Witness Higher Demands Till 2025

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  1. Contact Center Software Market Size Worth $47.76 Billion By 2025 | Grand View Research, Inc “The evolution of contact centers, from traditional voice-centric facilities, followed by multimedia customer interaction, to the unified communication social media with integrated channels, has enabled professionals to retain their customers.” The global contact center software market size is expected to reach USD 47.76 billion by 2025, according to a new report by Grand View Research, Inc. Increasing consumer base and high adoption rate of cloud-based services, social media, and mobile analytics among various industry sectors is projected to boost the growth. Rapid technological advancements resulted in introduction of the Business Process Automation (BPA), thereby, reducing the workload of customer care representatives. The availability of Interactive Voice Response (IVR) and Automatic Call Distribution (ACD) software has resulted in an increase in productivity of customer-centric organizations. Increased adoption of cloud-based contact center services has empowered organizations in reinforcing the security of customers’ confidential information through web security and centralized database. Additionally, cloud-based contact center services provide multiple customer point of contact, which allow access to the necessary data from anywhere and at any time across the globe. Follow Us:

  2. With the competition intensifying over the years, it has become crucial for organizations to maintain stable and consistent relationships with their customers and ensure customer loyalty. Various companies are extensively adopting contact center software to improve customer satisfaction levels and their experience over the inquiry call. To request a sample copy or view summary of this report, click the link below: www.grandviewresearch.com/industry-analysis/contact-center-software-market Further key findings from the report suggest: •The customer collaboration segment is projected to expand at a CAGR of 25.7% from 2019 to 2025 due to the growing use of the solution for engaging customers through social media platforms •The Interactive Voice Response (IVR) software segment is expected to hold the largest market share by 2025, owing to features such as reduced amount of call drops and better customer satisfaction levels •Technical advancements in communication and collaboration application result in an increased demand for training and consulting services, as professionals and customers are required to be trained to understand and get knowledge about new applications. The segment is projected to grow at a CAGR 19.3% over the forecast period Follow Us:

  3. •The hosted deployment segment is expected to witness increased demand over the forecast period on account of benefits such as ease of deployment, accessibility from anywhere anytime, and simplicity in integration with other systems. The segment is anticipated to reach USD 22.64 billion by 2025 •Numerous large enterprises have adopted contact center solutions to efficiently manage the vast database of customers; thereby driving the demand for contact center solutions in large enterprises over the forecast period •Demand for contact center software and services in the retail segment is driven by the rising need among organizations to ensure satisfaction of customers and overcome challenges involved in customer retention processes •Asia Pacific is projected to witness considerable growth and reach USD 10,489.0 million by 2025, owing to the rapid digitization and industrialization initiatives undertaken by the government in this region. •Major players operating in the contact center software market include Avaya, Inc.; SAP SE; Enghouse Interactive; Five9, Inc.; Mitel Corporation; Alcatel Lucent Enterprise; Cisco Systems; and Unify, Inc. View more reports of this category by Grand View Research at www.grandviewresearch.com/industry/emerging-and-next-generation-technologies Grand View Research has segmented the global contact center software market based on solution, service, deployment, enterprise size, end use, and region: Contact Center Software Solution Outlook (Revenue, USD Million, 2014 - 2025) •Automatic Call Distribution (ACD) •Call Recording •Computer Telephony Integration (CTI) •Customer Collaboration •Dialer •Interactive Voice Responses (IVR) Follow Us:

  4. •Reporting & Analytics •Workforce Optimization •Others Contact Center Software Service Outlook (Revenue, USD Million, 2014 - 2025) •Integration & Deployment •Support & Maintenance •Training & Consulting •Managed Services Contact Center Software Deployment Outlook (Revenue, USD Million, 2014 - 2025) •Hosted •On-premise Contact Center Software Enterprise Size Outlook (Revenue, USD Million; 2014 - 2025) •Large Enterprise •Small & Medium Enterprise Contact Center Software End Use Outlook (Revenue, USD Million, 2014 - 2025) •Banking, Financial Services, and Insurance (BFSI) •Consumer Goods & Retail •Government •Healthcare •IT & Telecom •Traveling & Hospitality Follow Us:

  5. •Others Contact Center Software Regional Outlook (Revenue, USD Million, 2014 - 2025) •North America •Europe •Asia Pacific •Latin America •Middle East & Africa Browse Press Release of this Report: www.grandviewresearch.com/press-release/global-contact-center-software-market About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: 1-415- 349-0058 Toll Free: 1-888- 202-9519 Email:sales@grandviewresearch.com For More Information:http://www.grandviewresearch.com Follow Us:

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