Report Description

Global Cloud-based Contact Center Market is anticipated to grow at a robust pace during the forecast period 2022-2028. Customer needs, partnerships, application trends across vertical industries, including business and enterprise, and the need to develop new capabilities for the current market all contribute to the innovative nature of cloud-based contact centers. Cost reduction is one of the main factors influencing the growth of the cloud contact center. Additionally, streamlined procedures provide a rapid implementation of the business value, easier distribution management, increased company flexibility, and cost savings, due to which market size is expected to grow rapidly during the forecast period.

Development of Remote Contact Center Drive the Market

In the global cloud-based contact center market, industry players are becoming increasingly familiar with the concept of contact center as a service. The cloud-based contact center company's innovative contact center as a service technology is aiding in effectively administering remote teams with collaboration options, including team chat and video. In particular, the contact center as a service solution helped during the coronavirus outbreak to minimize the cost of ownership, reduce downtime, and ensure business continuity. It has been discovered that cloud communications as a service and system integration as a service make multi-channel communication conceivable; due to this technological expansion market is expected to rise during the forecast period.

Cloud-based contact centers have made it possible to manage a remote contact center staff, eliminating the need for calls to an outside vendor. With cloud-based contact centers, agents can be deployed across the country with the goal of putting them closer to customers. Numerous companies are implementing work-from-home policies for employees to reduce costs, owing to which, market is expected to register a high CAGR during the forecast period. For instance, the Everest Group's research program claims that money saved on office space and other overheads can be used to hire local staff who can offer specific services. Additionally, hiring operate-from-home agents in the U.S. costs 5 to 10% less than hiring on-site specialists.

Contact centers have been developed to manage customer connections. The market would expand as multi-function devices are used more often to handle client connections. Modern technologies are used in contact centers to gather both inbound and outgoing calls. Emails, chats, and online queries have all experienced an increase in usage. Growing consumption of cloud, social media, and analytics technology by businesses can benefit in corporate success.


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Adoption of AL/ML and CCaaS in
Cloud-based Contact Center Market

Participants in the global cloud-based contact center market are paying attention to the idea of a contact center as a service (CCaaS). RingCentral, Inc. - the U.S. publicly traded supplier of cloud-based communications and partnership solutions for businesses, is being publicized for the CCaaS solutions that help to lower upfront investing and reduce I.T. staffing.

With collaboration options such as team chat and video, the new CCaaS technology in the cloud-based contact center marketplace is helping efficiently manage remote teams. During the COVID-19 pandemic, the CCaaS technology is supported to reducing ownership costs, improving performance, and ensuring business continuity. Multi-channel connectivity has been proven possible via unified communications as a service (UCaaS) and cloud communications as a service (CCaaS).

In terms of retail, Amazon Connect, which mainly employs omnichannel cloud connectivity, is quickly becoming the standard for virtual contact centers in the retail industry. Offering great customer service at a reasonable price is made possible through this type of communication. In the retail contact center industry, there is an increasing need for customized, dynamic, and natural services. Artificial intelligence (AI) and machine learning (ML) technologies are used to automate exchanges, detect user emotions, and authenticate callers to enhance customer service. The latest trend of using AI (Artificial intelligence) and Machine learning Cloud-based contact center market is anticipated to rise with robust growth in the future.

Restraining Factors

Cloud-based contact center hosting has been demonstrated to be a major expense. To determine the sustainability of operating their business, market players are adopting contingencies and evaluating the risks and rewards related to their business models.

Market Segmentation

The Cloud-based Contact Center Market is segmented into components, end-user, deployment, and organization size. Based on components, the market is segmented into solutions and service. Based on deployment, the market is segmented into public, private and hybrid. Based on organization, the market divided into size, small, medium, and large sized organization. Based on end-user, the market is segmented into telecom & information technology, BFSI, healthcare, retail, government, manufacturing, banking financial services, and insurance

Market player

The leading market players in the Cloud-based Contact Center Market are Aspect Software, Inc, BT GROUP PLC, Cisco Systems, Inc, Connect First, Inc, Evolve IP LLC, Five9, Inc, Genesys, Liveops, Inc, Mitel Networks Corporation, NewVoiceMedia Limited.

Recent Developments

  • To expand the contact center component of its business and take advantage of the scalability of the Five9 intelligent cloud-based contact center, Five9 and CANCOM SE engaged into a strategic agreement in March 2021.
  • In February 2021, in order to move its cloud-based contact center infrastructure to the Cloud, Orange Business Service teamed with Kone Corporation, an international engineering and service firm.
  • Genesys Telecommunication Laboratories, Inc. and Maximus, Inc. joined up in May 2020 to create a cloud-based contact center platform for government agencies.

Attribute

Details

Base Year

2021

Historic Data

2018– 2021

Estimated Year

2022

Forecast Period

2022 – 2028

Quantitative Units

Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

Component

Deployment

Organization Size

End-User

Regional scope

North America, Asia-Pacific, Europe, South America, Middle East

Country scope

United States; Canada; Mexico; China; Indian; Japan; South Korea; Australia; Singapore; Malaysia; Germany; United Kingdom; France; Italy; Spain; Poland; Colombia; Brazil; Argentina; Peru; Chile; Africa, Saudi Arabia; South Africa; UAE; Iraq; Turkey

Key companies profiled

Aspect Software, Inc, BT GROUP PLC, Cisco Systems, Inc, Connect First, Inc, Evolve IP LLC, Five9, Inc, Genesys, Liveops, Inc, Mitel Networks Corporation, and NewVoiceMedia Limited

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, Cloud-based Contact Center Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Cloud-based Contact Center Market, By Component:

o Solutions

o Service

Cloud-based Contact Center Market, By Deployment:

o   Public

o   Private

o   Hybrid

Cloud-based Contact Center Market, By Organization Size:

o SMEs

o Large Enterprise

Cloud-based Contact Center Market, By End-User:

o   Small Sized Organization

o   Medium Sized Organization

o   Large Sized Organization

Cloud-based Contact Center Market, By Region:

o   North America

  • United States
  • Mexico

o   Asia-Pacific

  • India
  • Japan
  • South Korea
  • Australia
  • Singapore
  • Malayasia
  • China

o   Europe

  • Germany
  • United Kingdom
  • France
  • Italy
  • Spain
  • Poland
  • Denmark

o   South America

  • Brazil
  • Argentina
  • Colombia
  • Peru
  • Chile

o   Middle East

  • Saudi Arabia
  • South Africa
  • UAE
  • Iraq
  • Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Cloud based Contact Center Market

Available Customizations:

With the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

The Global Cloud based Contact Center Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Service Overview

2.    Research Methodology

3.    Impact of COVID-19 Global Cloud-based Contact Center Market

4.    Executive Summary

5.    Voice of Customers

5.1.  Brand Awareness

5.2.  Factors Considered while Selecting Vendor

5.3.  Key Satisfaction Level

5.4.  Major Challenges Faced

6.    Global Cloud-based Contact Center Market

6.1.  Market Size & Forecast

6.1.1.                By Value

6.2.  Market Share & Forecast

6.2.1.           By Component (Solutions and Service)

6.2.2.           By Deployment (Public, Private, and Hybrid)

6.2.3.                By Organization Size (Small, Medium, and Large Sized Organization)

6.2.3.1.        By End-User (Telecom & Information Technology, BFSI, Healthcare, Retail, Government, Manufacturing, Banking Financial Services, and Insurance)

6.2.4.                By Region

6.2.5.                By Company

6.3.  Market Map

7.    North America Cloud-based Contact Center Market Outlook

7.1.  Market Size & Forecast

7.1.1.                By Value

7.2.  Market Share & Forecast

7.2.1.                By Component

7.2.2.                By Deployment

7.2.3.                By Organization

7.2.4.                By End-User

7.2.5.                By Country

7.3.  North America: Country Analysis

7.3.1.                United States Cloud based Contact Center Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value 

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Component

7.3.1.2.2.           By Deployment

7.3.1.2.3.           By Organization

7.3.1.2.4.           By End-User

7.3.2.                Canada Cloud based Contact Center Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value 

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Component

7.3.2.2.2.           By Deployment

7.3.2.2.3.           By Organization

7.3.2.2.4.           By End-User

7.3.3.                Mexico Cloud based Contact Center Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value 

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Component

7.3.3.2.2.           By Deployment

7.3.3.2.3.           By Organization

7.3.3.2.4.           By End-User

8.    Asia-Pacific Cloud based Contact Center Market Outlook

8.1.  Market Size & Forecast

8.1.1.                By Value

8.2.  Market Share & Forecast

8.2.1.1.        By Component

8.2.1.2.        By Deployment

8.2.1.3.        By Organization

8.2.1.4.        By End-User

8.2.1.5.        By Country

8.3.  Asia-Pacific: Country Analysis

8.3.1.                China Cloud based Contact Center Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value 

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Component

8.3.1.2.2.           By Deployment

8.3.1.2.3.           By Organization

8.3.1.2.4.           By End-User

8.3.2.                India Cloud based Contact Center Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value 

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Component

8.3.2.2.2.           By Deployment

8.3.2.2.3.           By Organization

8.3.2.2.4.           By End-User

8.3.3.                Japan Cloud based Contact Center Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value 

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Component

8.3.3.2.2.           By Deployment

8.3.3.2.3.           By Organization

8.3.3.2.4.           By End-User

8.3.4.                South Korea Cloud based Contact Center Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value 

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Component

8.3.4.2.2.           By Deployment

8.3.4.2.3.           By Organization

8.3.4.2.4.           By End-User

8.3.5.                Australia Cloud based Contact Center Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value 

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Component

8.3.5.2.2.           By Deployment

8.3.5.2.3.           By Organization

8.3.5.2.4.           By End-User

8.3.6.                Singapore Cloud based Contact Center Market Outlook

8.3.6.1.        Market Size & Forecast

8.3.6.1.1.           By Value 

8.3.6.2.        Market Share & Forecast

8.3.6.2.1.           By Component

8.3.6.2.2.           By Deployment

8.3.6.2.3.           By Organization

8.3.6.2.4.           By End-User

8.3.7.                Malaysia Cloud based Contact Center Market Outlook

8.3.7.1.        Market Size & Forecast

8.3.7.1.1.           By Value 

8.3.7.2.        Market Share & Forecast

8.3.7.2.1.           By Component

8.3.7.2.2.           By Deployment

8.3.7.2.3.           By Organization

8.3.7.2.4.           By End-User

9.    Europe Cloud based Contact Center Market Outlook

9.1.  Market Size & Forecast

9.1.1.                By Value

9.2.  Market Share & Forecast

9.2.1.1.        By Component

9.2.1.2.        By Deployment

9.2.1.3.        By Organization

9.2.1.4.        By End-User

9.2.1.5.        By Country

9.3.  Europe: Country Analysis

9.3.1.                Germany Cloud based Contact Center Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value 

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Component

9.3.1.2.2.           By Deployment

9.3.1.2.3.           By Organization

9.3.1.2.4.           By End-User

9.3.2.                United Kingdom Cloud based Contact Center Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value 

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Component

9.3.2.2.2.           By Deployment

9.3.2.2.3.           By Organization

9.3.2.2.4.           By End-User

9.3.3.                France Cloud based Contact Center Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value 

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Component

9.3.3.2.2.           By Deployment

9.3.3.2.3.           By Organization

9.3.3.2.4.           By End-User

9.3.4.                Russia Cloud based Contact Center Market Outlook

9.3.4.1.        Market Size & Forecast

9.3.4.1.1.           By Value 

9.3.4.2.        Market Share & Forecast

9.3.4.2.1.           By Component

9.3.4.2.2.           By Deployment

9.3.4.2.3.           By Organization

9.3.4.2.4.           By End-User

9.3.5.                Spain Cloud based Contact Center Market Outlook

9.3.5.1.        Market Size & Forecast

9.3.5.1.1.           By Value 

9.3.5.2.        Market Share & Forecast

9.3.5.2.1.           By Component

9.3.5.2.2.           By Deployment

9.3.5.2.3.           By Organization

9.3.5.2.4.           By End-User

9.3.6.                Poland Cloud based Contact Center Market Outlook

9.3.6.1.        Market Size & Forecast

9.3.6.1.1.           By Value 

9.3.6.2.        Market Share & Forecast

9.3.6.2.1.           By Component

9.3.6.2.2.           By Deployment

9.3.6.2.3.           By Organization

9.3.6.2.4.           By End-User

9.3.7.                Italy Cloud based Contact Center Market Outlook

9.3.7.1.        Market Size & Forecast

9.3.7.1.1.           By Value 

9.3.7.2.        Market Share & Forecast

9.3.7.2.1.           By Component

9.3.7.2.2.           By Deployment

9.3.7.2.3.           By Organization

9.3.7.2.4.           By End-User

9.3.8.                Denmark Cloud based Contact Center Market Outlook

9.3.8.1.        Market Size & Forecast

9.3.8.1.1.           By Value 

9.3.8.2.        Market Share & Forecast

9.3.8.2.1.           By Component

9.3.8.2.2.           By Deployment

9.3.8.2.3.           By Organization

9.3.8.2.4.           By End-User

10. South America Cloud based Contact Center Market Outlook

10.1.   Market Size & Forecast

10.1.1.             By Value

10.2.   Market Share & Forecast

10.2.1.1.     By Component

10.2.1.2.     By Deployment

10.2.1.3.     By Organization

10.2.1.4.     By End-User

10.2.1.5.     By Country

10.3.   South America: Country Analysis

10.3.1.             Brazil Cloud based Contact Center Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value 

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Component

10.3.1.2.2.         By Deployment

10.3.1.2.3.         By Organization

10.3.1.2.4.         By End-User

10.3.2.             Argentina Cloud based Contact Center Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value 

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Component

10.3.2.2.2.         By Deployment

10.3.2.2.3.         By Organization

10.3.2.2.4.         By End-User

10.3.3.             Colombia Cloud based Contact Center Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value 

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Component

10.3.3.2.2.         By Deployment

10.3.3.2.3.         By Organization

10.3.3.2.4.         By End-User

10.3.4.             Peru Cloud based Contact Center Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value 

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Component

10.3.4.2.2.         By Deployment

10.3.4.2.3.         By Organization

10.3.4.2.4.         By End-User

10.3.5.             Chile Cloud based Contact Center Market Outlook

10.3.5.1.     Market Size & Forecast

10.3.5.1.1.         By Value 

10.3.5.2.     Market Share & Forecast

10.3.5.2.1.         By Component

10.3.5.2.2.         By Deployment

10.3.5.2.3.         By Organization

10.3.5.2.4.         By End-User

11. Middle East & Africa Cloud based Contact Center Market Outlook

11.1.   Market Size & Forecast

11.1.1.             By Value

11.2.   Market Share & Forecast

11.2.1.1.     By Component

11.2.1.2.     By Deployment

11.2.1.3.     By Organization

11.2.1.4.     By End-User

11.3.   Middle East & Africa: Country Analysis

11.3.1.             Saudi Arabia Cloud based Contact Center Market Outlook

11.3.1.1.     Market Size & Forecast

11.3.1.1.1.         By Value 

11.3.1.2.     Market Share & Forecast

11.3.1.2.1.         By Component

11.3.1.2.2.         By Deployment

11.3.1.2.3.         By Organization

11.3.1.2.4.         By End-User

11.3.2.             South Africa Cloud based Contact Center Market Outlook

11.3.2.1.     Market Size & Forecast

11.3.2.1.1.         By Value 

11.3.2.2.     Market Share & Forecast

11.3.2.2.1.         By Component

11.3.2.2.2.         By Deployment

11.3.2.2.3.         By Organization

11.3.2.2.4.         By End-User

11.3.3.             UAE Cloud based Contact Center Market Outlook

11.3.3.1.     Market Size & Forecast

11.3.3.1.1.         By Value 

11.3.3.2.     Market Share & Forecast

11.3.3.2.1.         By Component

11.3.3.2.2.         By Deployment

11.3.3.2.3.         By Organization

11.3.3.2.4.         By End-User

11.3.4.             Israel Cloud based Contact Center Market Outlook

11.3.4.1.     Market Size & Forecast

11.3.4.1.1.         By Value 

11.3.4.2.     Market Share & Forecast

11.3.4.2.1.         By Component

11.3.4.2.2.         By Deployment

11.3.4.2.3.         By Organization

11.3.4.2.4.         By End-User

11.3.5.             Turkey Cloud based Contact Center Market Outlook

11.3.5.1.     Market Size & Forecast

11.3.5.1.1.         By Value 

11.3.5.2.     Market Share & Forecast

11.3.5.2.1.         By Component

11.3.5.2.2.         By Deployment

11.3.5.2.3.         By Organization

11.3.5.2.4.         By End-User

12. Market Dynamics

12.1.   Drivers

12.1.1.             Adoption of remote contact center

12.1.2.             Multi-channel communication technology

12.1.3.             Growing Consumption of Cloud, social media, and analytics technology

12.2.   Challenges

12.2.1.             High installation cost

12.2.2.             Cloud-based contact centers are strongly structured 

13. Market Trends & Developments

13.1.   Adoption of ML and A.I. in contact centers

13.2.   Attention towards CCaaS (Contact center as a service)

13.3.   Advancement of collaboration options like team chat and video conferencing

13.4.   CCaaS solutions help to lower upfront investment and reduce I.T. staffing

13.5.   Customized, dynamic, and natural Services

14. Company Profiles

14.1.   Aspect Software, Inc

14.1.1.             Business Overview

14.1.2.             Key Revenue and Financials (If Available)

14.1.3.             Recent Developments

14.1.4.             Key Personnel

14.1.5.             Key Product/Services

14.2.   BT GROUP PLC

14.2.1.             Business Overview

14.2.2.             Key Revenue and Financials (If Available)

14.2.3.             Recent Developments

14.2.4.             Key Personnel

14.2.5.             Key Product/Services

14.3.   Cisco Systems, Inc

14.3.1.             Business Overview

14.3.2.             Key Revenue and Financials (If Available)

14.3.3.             Recent Developments

14.3.4.             Key Personnel

14.3.5.             Key Product/Services

14.4.   Connect First, Inc

14.4.1.             Business Overview

14.4.2.             Key Revenue and Financials

14.4.3.             Recent Developments

14.4.4.             Key Personnel

14.4.5.             Key Product/Services

14.5.   Evolve IP LLC

14.5.1.             Business Overview

14.5.2.             Key Revenue and Financials (If Available)

14.5.3.             Recent Developments

14.5.4.             Key Personnel

14.5.5.             Key Product/Services

14.6.   Five9, Inc

14.6.1.             Business Overview

14.6.2.             Key Revenue and Financials (If Available)

14.6.3.             Recent Developments

14.6.4.             Key Personnel

14.6.5.             Key Product/Services

14.7.   Genesys

14.7.1.             Business Overview

14.7.2.             Key Revenue and Financials (If Available)

14.7.3.             Recent Developments

14.7.4.             Key Personnel

14.7.5.             Key Product/Services

14.8.   Liveops, Inc

14.8.1.             Business Overview

14.8.2.             Key Revenue and Financials (If Available)

14.8.3.             Recent Developments

14.8.4.             Key Personnel

14.8.5.             Key Product/Services

14.9.   Mitel Networks Corporation

14.9.1.             Business Overview

14.9.2.             Key Revenue and Financials (If Available)

14.9.3.             Recent Developments

14.9.4.             Key Personnel

14.9.5.             Key Product/Services

14.10.NewVoiceMedia Limited

14.10.1.          Business Overview

14.10.2.          Key Revenue and Financials (If Available)

14.10.3.          Recent Developments

14.10.4.          Key Personnel

14.10.5.          Key Product/Services

15. Strategic Recommendation

15.1.   Growing Consumption of cloud-based services

15.2.   Key Focus on multi-connection devices, managing client connection

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The leading market players in the Global Cloud-based Contact Center Market are Aspect Software, Inc, BT GROUP PLC, Cisco Systems, Inc, Connect First, Inc, Evolve IP LLC, Five9, Inc, Genesys, Liveops, Inc, Mitel Networks Corporation, and NewVoiceMedia Limited.

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The growing demand for cloud-based contact centers across a wide range of industries, including BFSI, retail, healthcare, etc., is primarily driving the global market for such centers since they provide greater security, high dependability, and improved convenience at competitive pricing.

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Cloud-based Contact Center Market is segmented on the basis of component, deployment, organization size, and end-user.

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For contact centers in big organizations which need multiple communication channels (including phone calls and messaging), sophisticated call routing, agent management, and analytics, there is a cloud-hosted service called a "cloud contact center," which is a full set of tools, applications, and services.

profile

Sakshi Bajaal

Business Consultant
Press Release

Cloud-based Contact Center Market to Grow at Double Digit CAGR Through 2028

Dec, 2022

The adoption of remote contact centers and rising awareness of CCaaS are the factors expected to drive the market growth during the forecast period of 2022-2028.