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market-insider · 1 month ago
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In-Depth Study of Contact Center as a Service Market Dynamics
The global contact center as a service market size is expected to reach USD 17.12 billion in 2030 and is projected to grow at a CAGR of 20.3% from 2025 to 2030, according to a new report by Grand View Research, Inc. The market growth can be attributed to the rising adoption of cloud-based contact center services by enterprises to offer better flexibility and customer convenience. Many organizations are adopting Business Intelligence (BI) technology, as it provides them with a holistic view of agent performance and helps measure how they are achieving organizational goals.
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Businesses are widely adopting cloud-based contact centers owing to benefits such as reduced integration, support, and IT-related costs, which could help drive the growth of the Contact Center as a Service (CCaaS) market. Moreover, numerous players are developing cloud contact centers to enhance operational functionality and flexibility for users. For instance, in January 2021, Infosys announced the launch of the Infosys Cortex, a customer engagement platform that leverages the technology from Genesys, a cloud contact center solutions provider, along with Contact Center AI and analytics services from Google Cloud.
Numerous CCaaS providers are entering into partnerships with communication companies to deploy contact center software and expand their reach.For instance, in May 2023, BT, a U.K.-based telecommunications provider, and Five9, a leading intelligent CX Platform provider, announced an expanded partnership aimed at offering a wider range of contact center services and solutions to organizations worldwide. As part of this collaboration, BT will now provide the Five9 Intelligent CX Platform as a managed service to both new and existing customers. This offering aims to assist organizations in achieving full digitalization of their workplace by seamlessly integrating with their existing voice, unified communications, digital channels, and Customer Relationship Management (CRM) systems.
The COVID-19 pandemic is expected to have a positive impact on the market. As the pandemic situation continues, cloud-hosted contact centers are gaining more traction as it provides better levels of reliability, availability, and disaster recovery because agents can access the tools they need to perform the job from any place. Moreover, cloud-hosted contact centers provide better workforce elasticity for easily scalable solutions and faster deployment of new capabilities and technology solutions. However, the increasing concerns of data security are expected to hamper the market growth over the forecast period. CCaaS solutions handle huge data volumes and critical financial data of consumers, which could be at risk of malicious attacks.
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Contact Center as a Service Market Report Highlights
The automatic call distribution segment held the largest share of 66.1% in 2024. The automatic call distribution solution is widely adopted in contact centers as it helps them handle a large volume of inbound calls
The integration and deployment segment held the largest market share of 39.5% in 2024. Growing adoption of the cloud-based CCaaS to provide better flexibility and customer experience is expected to drive the segment growth over the forecast period
The large enterprises segment dominated the market in 2024. Large enterprises have a customer base spread widely across the globe, and hence, to maintain business continuity efficiently, large enterprises are aggressively investing in advanced Contact Center as a Service (CCaaS) technology
The BFSI segment dominated the market in 2024. The BFSI industry relies heavily on efficient and effective customer service to build trust and maintain customer satisfaction.
The North America contact center as a service (CCaaS) industry held the largest share of 34.7% in 2024. One of the primary drivers of this growth in North America is the rapid integration of cloud technologies and artificial intelligence (AI) into contact center operations.
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