Customer Experience Management Market - Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Deployment (On-premise and Cloud), By Touchpoint (Call Center, Website, Mobile, Applications and Others), By End-User (BFSI, Retail & Consumer Goods, IT & Telecom, Healthcare and Others), By Region, and By Competition, 2019-2029F

  • Industry : ICT
  • Pages : NA
  • Published Date : NA
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Summary

Report Description

Forecast Period

2025-2029

Market Size (2023)

USD 9.41 billion

CAGR (2024-2029)

10.59%

Fastest Growing Segment

BFSI

Largest Market

Asia-Pacific

Market Size (2029)

USD 17.37 billion






Market Overview

Global Customer Experience Management Market was valued at USD 9.41 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 10.59% through 2029. Digital transformation involves the integration of advanced technologies such as artificial intelligence (AI), machine learning, data analytics, and automation into customer experience management strategies. Businesses are leveraging these technologies to gain valuable insights into customer behaviors, preferences, and expectations. AI-powered chatbots and virtual assistants enhance real-time customer interactions, providing instant support and personalized experiences.

Key Market Drivers

Technological Advancements and Digital Transformation

In the rapidly evolving landscape of customer experience management (CEM), technological advancements stand out as a primary driver shaping the Global Customer Experience Management Market. The continuous march of innovation, particularly in the realms of artificial intelligence (AI), machine learning, big data analytics, and automation, has significantly transformed how businesses interact with their customers. The integration of these technologies into CEM platforms allows companies to gain deep insights into customer behavior, preferences, and expectations.

AI-powered chatbots and virtual assistants have become essential tools for enhancing customer interactions. These intelligent systems can understand natural language, provide personalized recommendations, and resolve queries promptly, leading to improved customer satisfaction. Moreover, machine learning algorithms analyze vast amounts of customer data to identify patterns and trends, enabling businesses to proactively address issues and tailor their offerings to individual preferences.

The rise of digital channels, including social media, mobile apps, and online platforms, has further propelled the need for advanced CEM solutions. Companies leverage these channels not only for customer engagement but also for gathering valuable feedback and sentiment analysis. The ability to harness data from diverse sources empowers organizations to create a unified and seamless customer experience across multiple touchpoints.

As businesses continue to invest in digital transformation initiatives, the demand for comprehensive CEM solutions is expected to grow. The integration of cutting-edge technologies not only streamlines customer interactions but also enables businesses to stay agile and responsive in a dynamic market.

Growing Emphasis on Customer-Centric Strategies

A fundamental driver steering the Global Customer Experience Management Market is the growing emphasis on customer-centric strategies among businesses across industries. In an era where customer loyalty is increasingly tied to the quality of the overall experience, companies recognize the need to prioritize customer satisfaction and build lasting relationships.

Customer-centricity involves aligning business processes, products, and services with the needs and expectations of customers. CEM platforms play a pivotal role in achieving this alignment by providing tools to collect and analyze customer feedback, monitor satisfaction metrics, and map the customer journey. These insights enable organizations to make data-driven decisions and implement changes that resonate with their target audience.

In today's competitive landscape, where product and price differentials are often minimal, the customer experience becomes a key differentiator. Organizations understand that a positive customer experience not only fosters brand loyalty but also drives positive word-of-mouth marketing. Consequently, businesses are investing in CEM solutions to deliver seamless, personalized, and memorable experiences that go beyond transactional interactions.

The shift towards customer-centric strategies is not limited to specific industries but is a global phenomenon. As companies recognize the long-term value of satisfied and loyal customers, the demand for robust CEM solutions is expected to rise, driving the growth of the Global Customer Experience Management Market.

Rising Importance of Omnichannel Engagement

The third driver shaping the Global Customer Experience Management Market is the rising importance of omnichannel engagement. With customers seamlessly transitioning between various online and offline channels, businesses are compelled to adopt omnichannel CEM strategies to deliver a cohesive and integrated experience across all touchpoints.

Omnichannel engagement refers to the ability of businesses to provide a consistent and unified experience regardless of the channel or device customers use. This approach recognizes that modern consumers interact with brands through multiple platforms, such as websites, mobile apps, social media, physical stores, and more. Consequently, CEM solutions that can orchestrate and synchronize these interactions have become essential for creating a seamless customer journey.

An effective omnichannel strategy requires integration and synchronization of customer data, communication channels, and service delivery mechanisms. CEM platforms equipped with omnichannel capabilities enable businesses to track customer interactions across various touchpoints, ensuring a coherent and personalized experience. This not only enhances customer satisfaction but also contributes to increased customer loyalty and retention.

As the demand for omnichannel engagement continues to rise, driven by consumer expectations for a connected and convenient experience, the Global Customer Experience Management Market is experiencing significant growth. Organizations that can successfully implement and leverage omnichannel CEM solutions are better positioned to meet the evolving needs of their customers and stay ahead in a competitive business landscape.



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Key Market Challenges

Data Privacy and Security Concerns in the Era of Personalization

One of the significant challenges facing the Global Customer Experience Management (CEM) Market revolves around the delicate balance between delivering personalized experiences and addressing growing concerns related to data privacy and security. As businesses strive to leverage advanced technologies, such as artificial intelligence (AI) and machine learning, to understand and anticipate customer needs, the collection and analysis of vast amounts of personal data have become commonplace.

Customers, however, are becoming increasingly wary of how their data is being utilized. High-profile data breaches and privacy scandals have heightened consumer awareness and led to a more discerning attitude toward sharing personal information. Striking the right balance between personalization and respecting privacy is a complex challenge for companies implementing CEM strategies.

CEM platforms must adhere to stringent data protection regulations and ensure robust security measures to safeguard customer information. As regulations like GDPR and CCPA become more stringent, businesses face the challenge of navigating a complex regulatory landscape while still harnessing customer data to enhance the overall experience. Building and maintaining trust in the handling of customer data is crucial for the success of CEM initiatives.

To address this challenge, organizations need to prioritize transparency in their data practices, provide clear opt-in mechanisms for data collection, and invest in secure technologies. Striking a balance that allows for personalization without compromising customer privacy will be an ongoing challenge in the evolving landscape of the Global Customer Experience Management Market.

Integration of Legacy Systems and Technologies

In the dynamic landscape of the Global Customer Experience Management Market, many organizations grapple with the challenge of integrating CEM solutions with existing legacy systems and technologies. Businesses often operate a diverse set of platforms, ranging from CRM (Customer Relationship Management) systems to communication tools and analytics platforms. Integrating these disparate systems to create a unified and seamless customer experience poses a considerable challenge.

Legacy systems, which have been in place for years, may lack the flexibility and interoperability required for seamless integration with modern CEM solutions. The siloed nature of these systems can hinder the free flow of information across departments, leading to fragmented customer experiences. Moreover, the cost and complexity associated with overhauling legacy infrastructure can be substantial, posing a barrier to the adoption of comprehensive CEM solutions.

Addressing this challenge requires a strategic approach to integration. Organizations must invest in middleware and integration platforms that can bridge the gap between legacy systems and modern CEM technologies. Additionally, a phased approach to integration, prioritizing critical touchpoints and data flows, can help mitigate the disruption associated with system overhauls. Successful integration is essential to unlocking the full potential of CEM initiatives and delivering a cohesive customer experience.

Managing Customer Expectations in Real-Time

As the Global Customer Experience Management Market continues to evolve, managing customer expectations in real-time presents a formidable challenge for businesses across industries. In an era of instant gratification and heightened customer demands, organizations are under constant pressure to deliver seamless, personalized, and immediate experiences across multiple channels.

The challenge lies in the dynamic and unpredictable nature of customer expectations. As customers interact with brands through various touchpoints, their expectations evolve based on context, past experiences, and external influences. Meeting these expectations in real-time requires a high degree of agility and responsiveness from businesses.

CEM platforms play a critical role in understanding and anticipating customer needs, but the challenge lies in the speed of execution. Real-time data analytics and insights are essential for businesses to adapt their strategies and interactions on the fly. However, achieving this level of agility requires robust infrastructure, advanced analytics capabilities, and a cultural shift toward embracing data-driven decision-making.

To address this challenge, organizations must invest in technologies that enable real-time analytics and insights. Additionally, fostering a customer-centric culture that prioritizes responsiveness and adaptability is crucial. Successfully managing customer expectations in real-time requires a holistic approach that combines technology, data, and organizational agility to stay ahead in the ever-changing landscape of customer experience management.

Key Market Trends

Hyper-Personalization through AI and Predictive Analytics

A prominent trend shaping the Global Customer Experience Management (CEM) Market is the increasing focus on hyper-personalization driven by advanced artificial intelligence (AI) and predictive analytics. As technology continues to evolve, businesses are leveraging AI to analyze vast amounts of customer data, enabling them to create highly personalized and relevant experiences.

AI-powered algorithms, coupled with predictive analytics, allow organizations to anticipate customer needs, preferences, and behaviors with unprecedented accuracy. This level of insight enables the delivery of tailored content, product recommendations, and communication strategies, enhancing the overall customer experience. Whether it's personalized marketing messages, product suggestions, or individualized service interactions, hyper-personalization is becoming a key differentiator in the competitive landscape.

This trend is fueled by the increasing expectation of consumers for personalized interactions. Modern customers appreciate and, in many cases, expect brands to understand their unique preferences and deliver customized experiences. Hyper-personalization not only improves customer satisfaction but also contributes to higher engagement, increased brand loyalty, and, ultimately, better business outcomes.

As the Global CEM Market evolves, businesses are adopting and integrating AI-driven personalization into their customer touchpoints, including websites, mobile apps, and customer service interactions. The trend is not limited to specific industries, as diverse sectors recognize the value of providing tailored experiences to meet individual customer expectations.

Organizations looking to capitalize on this trend must invest in AI technologies, data analytics capabilities, and customer data platforms that facilitate the seamless integration of personalized experiences across the customer journey. Striking the right balance between personalization and privacy remains a challenge, but as technology continues to advance, hyper-personalization is poised to play a pivotal role in shaping the future of customer experience management.

Integration of Voice and Conversational AI for Seamless Customer Interactions

Another significant trend in the Global Customer Experience Management Market is the increasing integration of voice and conversational AI technologies to facilitate seamless and natural customer interactions. With the rise of smart speakers, virtual assistants, and chatbots, businesses are recognizing the potential of voice-driven interfaces to enhance customer engagement and satisfaction.

Conversational AI, powered by natural language processing (NLP) and machine learning, enables customers to interact with brands using spoken language. Voice assistants, such as Amazon's Alexa, Google Assistant, and Apple's Siri, have become integral parts of consumers' daily lives, setting the stage for businesses to leverage these platforms for customer interactions.

One of the key advantages of integrating voice and conversational AI is the ability to provide instant and contextually relevant information. Customers can inquire about products, services, or support using natural language, and AI-driven systems can understand and respond appropriately. This not only streamlines the customer experience but also reduces the friction associated with traditional interfaces.

Chatbots, another component of conversational AI, are being deployed across various channels, including websites and messaging apps, to provide real-time assistance, answer queries, and guide customers through their journeys. These bots are increasingly sophisticated, capable of handling complex interactions and learning from customer conversations to improve over time.

As businesses embrace this trend, they are exploring ways to integrate voice and conversational AI into their existing customer touchpoints. This includes embedding voice interfaces into mobile apps, websites, and even physical spaces. The goal is to create a unified and consistent conversational experience across different channels, meeting customers' expectations for immediate and intuitive interactions.

The integration of voice and conversational AI represents a transformative trend in the Global Customer Experience Management Market, offering businesses new opportunities to engage with customers in natural, conversational ways. Organizations that successfully leverage these technologies stand to benefit from improved customer satisfaction, enhanced brand loyalty, and a competitive edge in the evolving landscape of customer experience.

Segmental Insights

Deployment Insights

The Cloud segment emerged as the dominating segment in 2023. The adoption of cloud-based customer experience management solutions has been on the rise globally. Businesses across various sectors are transitioning from traditional on-premise solutions to cloud-based platforms, attracted by the advantages of cloud computing, including cost-efficiency, accessibility, and rapid deployment. The cloud segment of the CEM market has witnessed substantial market size growth, with a notable shift in spending patterns toward subscription-based and Software as a Service (SaaS) models.

Cloud-based CEM solutions offer unparalleled flexibility and scalability. Companies can easily scale their CEM infrastructure based on demand, accommodating growing customer data volumes and adapting to changing business requirements. This flexibility allows organizations to align their CEM strategies with dynamic market conditions, ensuring that their customer experience initiatives can evolve to meet the ever-changing needs and expectations of their customer base.

Cloud-based CEM platforms leverage the power of cloud computing to provide real-time insights and analytics. By processing and analyzing vast amounts of customer data in the cloud, businesses can gain instant and actionable insights into customer behavior, preferences, and sentiment. This real-time capability empowers organizations to make data-driven decisions promptly, optimizing customer interactions and improving overall satisfaction.




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Regional Insights

North America emerged as the dominating region in 2023, holding the largest market share. North America is a hub for technological innovation, and this is reflected in the widespread adoption of advanced customer experience management technologies. Businesses in the region leverage cutting-edge solutions, including artificial intelligence, machine learning, analytics, and automation, to enhance customer interactions and stay competitive in the market. The continuous pursuit of technological excellence contributes to the evolution and growth of the CEM market in North America.

Customer-centricity is a core focus for businesses in North America, driving the demand for comprehensive CEM solutions. Companies recognize the significance of delivering exceptional customer experiences to build brand loyalty and gain a competitive edge. The emphasis on understanding customer needs, preferences, and expectations shapes the adoption of CEM technologies that enable personalized interactions, multichannel engagement, and data-driven decision-making.

In North America, particularly in the United States and Canada, stringent regulatory frameworks such as GDPR, CCPA, and HIPAA shape the CEM landscape. Businesses prioritize compliance with these regulations to ensure the protection of customer data and maintain trust. CEM solutions in North America often include robust security features and privacy controls to address regulatory requirements and safeguard customer information.

The adoption of cloud-based CEM solutions is on the rise in North America. Cloud technology offers scalability, flexibility, and cost-effectiveness, aligning with the dynamic business environment in the region. Businesses opt for cloud-based CEM platforms to streamline operations, enable remote access, and adapt quickly to changing customer demands, contributing to the overall growth of the market.

North American businesses recognize the importance of providing integrated omnichannel experiences. Customers expect a seamless transition between online and offline channels, and CEM solutions in the region focus on delivering cohesive interactions across various touchpoints. The integration of omnichannel capabilities helps businesses create a unified customer journey and enhances overall customer satisfaction.

The North American segment of the Global Customer Experience Management Market is characterized by a tech-savvy environment, a strong commitment to customer-centric strategies, and a diverse set of industries. As businesses in the region continue to prioritize exceptional customer experiences, the CEM market in North America is poised for sustained growth and evolution. The integration of advanced technologies, regulatory compliance, and a focus on delivering seamless omnichannel experiences will remain key drivers in shaping the future of customer experience management in this dynamic region.

Recent Developments

  • In March 2022, Adobe unveiled the global release of Adobe Experience Cloud for Healthcare, a specialized service crafted to empower healthcare organizations in delivering personalized and secure digital engagements to their patients. This all-encompassing solution provides healthcare providers with the necessary tools to offer patients enhanced channels for monitoring their treatment journey. 

Key Market Players

  • Adobe Inc.
  • Oracle Corporation
  • SAP SE
  • IBM Corporation
  • Avaya LLC
  • Verint Systems Inc.
  • Tech Mahindra Limited
  • Open Text Corporation
  • Zendesk, Inc.
  • Twilio Inc.

By Deployment

By Touchpoint

By End-User

By Region
  • On-premise
  • Cloud
  • Call Center
  • Website
  • Mobile
  • Applications
  • Others
  • BFSI
  • Retail & Consumer Goods
  • IT & Telecom
  • Healthcare
  • Others
  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Customer Experience Management Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Customer Experience Management Market, By Deployment:

o   On-premise

o   Cloud                             

  • Customer Experience Management Market, By Touchpoint:

o   Call Center

o   Website

o   Mobile

o   Applications

o   Others                  

  • Customer Experience Management Market, By End-User:

o   BFSI

o   Retail & Consumer Goods

o   IT & Telecom

o   Healthcare

o   Others                     

  • Customer Experience Management Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

§  Netherlands

§  Belgium

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

§  Thailand

§  Malaysia

o   South America

§  Brazil

§  Argentina

§  Colombia

§  Chile

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Customer Experience Management Market.

Available Customizations:

Global Customer Experience Management Market report with the given market data, TechSci 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).

Global Customer Experience Management 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.         Services Overview

1.1.    Market Definition

1.2.    Scope of the Market

1.2.1.Markets Covered

1.2.2.Years Considered for Study

1.2.3.Key Market Segmentations

2.         Research Methodology

2.1.    Objective of the Study

2.2.    Baseline Methodology

2.3.    Formulation of the Scope

2.4.    Assumptions and Limitations

2.5.    Sources of Research

2.5.1.Secondary Research

2.5.2.Primary Research

2.6.    Approach for the Market Study

2.6.1.The Bottom-Up Approach

2.6.2.The Top-Down Approach

2.7.    Methodology Followed for Calculation of Market Size & Market Shares

2.8.    Forecasting Methodology

2.8.1.Data Triangulation & Validation

3.         Executive Summary

4.         Impact of COVID-19 on Global Customer Experience Management Market

5.         Voice of Customer

6.         Global Customer Experience Management Market Overview

7.         Global Customer Experience Management Market Outlook

7.1.    Market Size & Forecast

7.1.1.By Value

7.2.    Market Share & Forecast

7.2.1.By Deployment (On-premise and Cloud)

7.2.2.By Touchpoint (Call Center, Website, Mobile, Applications and Others)

7.2.3.By End-User (BFSI, Retail & Consumer Goods, IT & Telecom, Healthcare and Others)

7.2.4.By Region (North America, Europe, South America, Middle East & Africa, Asia-Pacific)

7.3.    By Company (2023)

7.4.    Market Map

8.         North America Customer Experience Management Market Outlook

8.1.    Market Size & Forecast

8.1.1.By Value

8.2.    Market Share & Forecast

8.2.1.By Deployment

8.2.2.By Touchpoint

8.2.3.By End-User

8.2.4.By Country

8.3.    North America: Country Analysis

8.3.1.United States Customer Experience Management 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 Deployment

8.3.1.2.2.    By Touchpoint

8.3.1.2.3.    By End-User

8.3.2.Canada Customer Experience Management 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 Deployment

8.3.2.2.2.    By Touchpoint

8.3.2.2.3.    By End-User

8.3.3.Mexico Customer Experience Management 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 Deployment

8.3.3.2.2.    By Touchpoint

8.3.3.2.3.    By End-User

9.         Europe Customer Experience Management Market Outlook

9.1.    Market Size & Forecast

9.1.1.By Value

9.2.    Market Share & Forecast

9.2.1.By Deployment

9.2.2.By Touchpoint

9.2.3.By End-User

9.2.4.By Country

9.3.    Europe: Country Analysis

9.3.1.Germany Customer Experience Management 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 Deployment

9.3.1.2.2.    By Touchpoint

9.3.1.2.3.    By End-User

9.3.2.France Customer Experience Management 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 Deployment

9.3.2.2.2.    By Touchpoint

9.3.2.2.3.    By End-User

9.3.3.United Kingdom Customer Experience Management 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 Deployment

9.3.3.2.2.    By Touchpoint

9.3.3.2.3.    By End-User

9.3.4.Italy Customer Experience Management 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 Deployment

9.3.4.2.2.    By Touchpoint

9.3.4.2.3.    By End-User

9.3.5.Spain Customer Experience Management 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 Deployment

9.3.5.2.2.    By Touchpoint

9.3.5.2.3.    By End-User

9.3.6.Netherlands Customer Experience Management 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 Deployment

9.3.6.2.2.    By Touchpoint

9.3.6.2.3.    By End-User

9.3.7.Belgium Customer Experience Management 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 Deployment

9.3.7.2.2.    By Touchpoint

9.3.7.2.3.    By End-User

10.      South America Customer Experience Management Market Outlook

10.1. Market Size & Forecast

10.1.1.     By Value

10.2. Market Share & Forecast

10.2.1.     By Deployment

10.2.2.     By Touchpoint

10.2.3.     By End-User

10.2.4.     By Country

10.3. South America: Country Analysis

10.3.1.     Brazil Customer Experience Management 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 Deployment

10.3.1.2.2. By Touchpoint

10.3.1.2.3. By End-User

10.3.2.     Colombia Customer Experience Management 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 Deployment

10.3.2.2.2. By Touchpoint

10.3.2.2.3. By End-User

10.3.3.     Argentina Customer Experience Management 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 Deployment

10.3.3.2.2. By Touchpoint

10.3.3.2.3. By End-User

10.3.4.     Chile Customer Experience Management 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 Deployment

10.3.4.2.2. By Touchpoint

10.3.4.2.3. By End-User

11.      Middle East & Africa Customer Experience Management Market Outlook

11.1. Market Size & Forecast

11.1.1.     By Value

11.2. Market Share & Forecast

11.2.1.     By Deployment

11.2.2.     By Touchpoint

11.2.3.     By End-User

11.2.4.     By Country

11.3. Middle East & Africa: Country Analysis

11.3.1.     Saudi Arabia Customer Experience Management 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 Deployment

11.3.1.2.2. By Touchpoint

11.3.1.2.3. By End-User

11.3.2.     UAE Customer Experience Management 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 Deployment

11.3.2.2.2. By Touchpoint

11.3.2.2.3. By End-User

11.3.3.     South Africa Customer Experience Management 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 Deployment

11.3.3.2.2. By Touchpoint

11.3.3.2.3. By End-User

11.3.4.     Turkey Customer Experience Management 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 Deployment

11.3.4.2.2. By Touchpoint

11.3.4.2.3. By End-User

12.      Asia-Pacific Customer Experience Management Market Outlook

12.1. Market Size & Forecast

12.1.1.     By Value

12.2. Market Share & Forecast

12.2.1.     By Deployment

12.2.2.     By Touchpoint

12.2.3.     By End-User

12.2.4.     By Country

12.3. Asia-Pacific: Country Analysis

12.3.1.     China Customer Experience Management Market Outlook

12.3.1.1.   Market Size & Forecast

12.3.1.1.1. By Value

12.3.1.2.   Market Share & Forecast

12.3.1.2.1. By Deployment

12.3.1.2.2. By Touchpoint

12.3.1.2.3. By End-User

12.3.2.     India Customer Experience Management Market Outlook

12.3.2.1.   Market Size & Forecast

12.3.2.1.1. By Value

12.3.2.2.   Market Share & Forecast

12.3.2.2.1. By Deployment

12.3.2.2.2. By Touchpoint

12.3.2.2.3. By End-User

12.3.3.     Japan Customer Experience Management Market Outlook

12.3.3.1.   Market Size & Forecast

12.3.3.1.1. By Value

12.3.3.2.   Market Share & Forecast

12.3.3.2.1. By Deployment

12.3.3.2.2. By Touchpoint

12.3.3.2.3. By End-User

12.3.4.     South Korea Customer Experience Management Market Outlook

12.3.4.1.   Market Size & Forecast

12.3.4.1.1. By Value

12.3.4.2.   Market Share & Forecast

12.3.4.2.1. By Deployment

12.3.4.2.2. By Touchpoint

12.3.4.2.3. By End-User

12.3.5.     Australia Customer Experience Management Market Outlook

12.3.5.1.   Market Size & Forecast

12.3.5.1.1. By Value

12.3.5.2.   Market Share & Forecast

12.3.5.2.1. By Deployment

12.3.5.2.2. By Touchpoint

12.3.5.2.3. By End-User

12.3.6.     Thailand Customer Experience Management Market Outlook

12.3.6.1.   Market Size & Forecast

12.3.6.1.1. By Value

12.3.6.2.   Market Share & Forecast

12.3.6.2.1. By Deployment

12.3.6.2.2. By Touchpoint

12.3.6.2.3. By End-User

12.3.7.     Malaysia Customer Experience Management Market Outlook

12.3.7.1.   Market Size & Forecast

12.3.7.1.1. By Value

12.3.7.2.   Market Share & Forecast

12.3.7.2.1. By Deployment

12.3.7.2.2. By Touchpoint

12.3.7.2.3. By End-User 

13.      Market Dynamics

13.1. Drivers

13.2. Challenges

14.      Market Trends and Developments

15.      Company Profiles

15.1.  Adobe Inc.

15.1.1.     Business Overview

15.1.2.     Key Revenue and Financials  

15.1.3.     Recent Developments

15.1.4.     Key Personnel/Key Contact Person

15.1.5.     Key Product/Services Offered

15.2.  Oracle Corporation

15.2.1.     Business Overview

15.2.2.     Key Revenue and Financials  

15.2.3.     Recent Developments

15.2.4.     Key Personnel/Key Contact Person

15.2.5.     Key Product/Services Offered

15.3.  SAP SE

15.3.1.     Business Overview

15.3.2.     Key Revenue and Financials  

15.3.3.     Recent Developments

15.3.4.     Key Personnel/Key Contact Person

15.3.5.     Key Product/Services Offered

15.4.  IBM Corporation

15.4.1.     Business Overview

15.4.2.     Key Revenue and Financials  

15.4.3.     Recent Developments

15.4.4.     Key Personnel/Key Contact Person

15.4.5.     Key Product/Services Offered

15.5.  Avaya LLC

15.5.1.     Business Overview

15.5.2.     Key Revenue and Financials  

15.5.3.     Recent Developments

15.5.4.     Key Personnel/Key Contact Person

15.5.5.     Key Product/Services Offered

15.6.  Verint Systems Inc.

15.6.1.     Business Overview

15.6.2.     Key Revenue and Financials  

15.6.3.     Recent Developments

15.6.4.     Key Personnel/Key Contact Person

15.6.5.     Key Product/Services Offered

15.7.  Tech Mahindra Limited

15.7.1.     Business Overview

15.7.2.     Key Revenue and Financials  

15.7.3.     Recent Developments

15.7.4.     Key Personnel/Key Contact Person

15.7.5.     Key Product/Services Offered

15.8.  Open Text Corporation

15.8.1.     Business Overview

15.8.2.     Key Revenue and Financials  

15.8.3.     Recent Developments

15.8.4.     Key Personnel/Key Contact Person

15.8.5.     Key Product/Services Offered

15.9.  Zendesk, Inc.

15.9.1.     Business Overview

15.9.2.     Key Revenue and Financials  

15.9.3.     Recent Developments

15.9.4.     Key Personnel/Key Contact Person

15.9.5.     Key Product/Services Offered

15.10.   Twilio Inc.

15.10.1.   Business Overview

15.10.2.   Key Revenue and Financials  

15.10.3.   Recent Developments

15.10.4.   Key Personnel/Key Contact Person

15.10.5.   Key Product/Services Offered

16.      Strategic Recommendations

17.      About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Customer Experience Management Market was USD 9.41 billion in 2023.

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The Cloud segment by deployment demonstrated significant dominance in 2023. There is a global trend towards increased adoption of cloud-based customer experience management (CEM) solutions across diverse industries. Businesses are shifting away from traditional on-premise solutions towards cloud-based platforms due to the compelling benefits offered by cloud computing, such as cost-effectiveness, accessibility, and rapid deployment.

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North America dominated the market in 2023 owing to Technology Adoption, Presence of Industry Leaders and Adoption of Cloud-Based Solutions.

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Growing Emphasis on Customer-Centric Strategies, Executive and Board-Level Priorities and Focus on Customer Retention and Loyalty are some of the major drivers for the Global Customer Experience Management Market.

Related Reports

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Sakshi Bajaal

Business Consultant
Press Release

Customer Experience Management Market is expected to grow at a CAGR of 10.59% through 2029

May, 2024

Global Customer Experience Management Market is expected to grow owing to digital technologies enabling a higher degree of personalization in customer interactions throughout the forecast period.

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