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Global Cloud Contact Center Market Size study & Forecast, by Type (Automatic Call Distribution, Agent Performance Optimization, Dialers, Interactive Voice Response, Others) By Service (Professional, Managed) By End-user (Banking, Financial Services and Insurance, IT and Telecom, Media and Entertainment, Retail, Others) and Regional Analysis, 2022-2029

May 2023 | 200 pages | ID: G19DA0E0253EEN
Bizwit Research & Consulting LLP

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Global Cloud Contact Center Market is valued approximately USD 13.56 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 26.1 % over the forecast period 2022-2029. A cloud-based contact center, also known as a virtual contact center or a cloud contact center, is a customer service and support center that operates entirely in the cloud, without the need for physical infrastructure or on-premises equipment. It leverages cloud-based technologies and resources to handle customer interactions through various channels such as phone, email, chat, social media, and more. The Cloud Contact Center market is expanding because of factors such as rising adoption of cloud and growing trend of remote working.

In a cloud-based contact center, all the necessary hardware, software, and data are hosted and managed by a third-party cloud service provider. This eliminates the need for organizations to invest in costly on-premises infrastructure, maintenance, and upgrades. Its prevalence has progressively increased during the last few decades. According to Statista, in 2022, 46 percent of respondents are already running significant workloads on Amazon Web Services (AWS). Furthermore, in 2021, the global cloud applications market had a value of 133.6 billion U.S. dollars and is expected to reach 168.6 billion U.S. dollars by 2025. The cloud applications software market is anticipated to grow at a compound annual growth rate of 4.8%. Another important component driving space increase is the trend of remote working. As per Statista, Respondents in a global survey of CIOs stated that fully remote work will likely transition to hybrid work in the future. Prior to the pandemic, approximately 15 to 16 percent of respondents stated that their companies' workforce worked remotely, and by late 2021, 30% of the participants expected the workforce to work remotely permanently. In addition, in 2021, 73% of employees from a global survey want flexible remote work options to stay post-pandemic. However, vulnerability of Cloud to Cyber-Attacks stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Cloud Contact Center Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the rising investments from key market players in the cloud-based deployment. According to Statista, the Public Cloud market of North America is estimated to reach USD 273.40 billion in 2023. Furthermore, Asia Pacific is expected to grow with a highest CAGR during the forecast period, owing to factors such as rising government initiatives in digitization across the region drives a shift toward the cloud contact center model in the market space.

Major market player included in this report are:

NICE Systems Ltd
Genesys Telecommunications Laboratories, Inc
Vonage America, LLC
Cisco Systems, Inc
Avaya Holdings Corporation,
Serenova, LLC
Alvaria, Inc
Drishti-soft Solutions Pvt. Ltd.
Twilio Inc
NeoDove Technologies Pvt Ltd

Recent Developments in the Market:
In December 2022 T-Mobile and Cisco collaborates to launch a highly scalable and distributed cloud native fully integrated core gateway. The Un-carrier moved all its 5G and 4G traffic to the new cloud native core gateway, which immediately improved customer performance by more than 10% in both speed and latency. T-operations Mobiles are also simplified by the new converged core gateway, allowing the Un-carrier to shift resources with greater agility and roll out services such as 5G Home Internet. It will also shorten the time to market for new 5G and IoT services such as network slicing and Voice over 5G by allowing T-Mobile to test and deploy new functionality at a higher scale.

Global Cloud Contact Center Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Service, End-user, Type, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type
Automatic Call Distribution
Agent Performance Optimization
Dialers
Interactive Voice Response
Others

By Service
Professional
Managed

By End-user
Banking, Financial Services and Insurance
IT and Telecom
Media and Entertainment
Retail
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
  1.2.1. Cloud Contact Center Market, by Region, 2019-2029 (USD Billion)
  1.2.2. Cloud Contact Center Market, by Type, 2019-2029 (USD Billion)
  1.2.3. Cloud Contact Center Market, by Service, 2019-2029 (USD Billion)
  1.2.4. Cloud Contact Center Market, by End-user, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL CLOUD CONTACT CENTER MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Scope of the Study
  2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL CLOUD CONTACT CENTER MARKET DYNAMICS

3.1. Cloud Contact Center Market Impact Analysis (2019-2029)
  3.1.1. Market Drivers
    3.1.1.1. Rising adoption of Cloud
    3.1.1.2. Growing trend of remote working
  3.1.2. Market Challenges
    3.1.2.1. Vulnerability of Cloud to Cyber-Attacks
  3.1.3. Market Opportunities
    3.1.3.1. Rising initiatives from government for Small and medium-sized enterprises
    3.1.3.2. Rising adoption of Artificial Intelligence in cloud platforms

CHAPTER 4. GLOBAL CLOUD CONTACT CENTER MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. RISK ASSESSMENT: COVID-19 IMPACT

5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario

CHAPTER 6. GLOBAL CLOUD CONTACT CENTER MARKET, BY TYPE

6.1. Market Snapshot
6.2. Global Cloud Contact Center Market by Type, Performance - Potential Analysis
6.3. Global Cloud Contact Center Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
6.4. Cloud Contact Center Market, Sub Segment Analysis
  6.4.1. Automatic Call Distribution
  6.4.2. Agent Performance Optimization
  6.4.3. Dialers
  6.4.4. Interactive Voice Response
  6.4.5. Others

CHAPTER 7. GLOBAL CLOUD CONTACT CENTER MARKET, BY SERVICE

7.1. Market Snapshot
7.2. Global Cloud Contact Center Market by Service, Performance - Potential Analysis
7.3. Global Cloud Contact Center Market Estimates & Forecasts by Service 2019-2029 (USD Billion)
7.4. Cloud Contact Center Market, Sub Segment Analysis
  7.4.1. Professional
  7.4.2. Managed

CHAPTER 8. GLOBAL CLOUD CONTACT CENTER MARKET, BY END-USER

8.1. Market Snapshot
8.2. Global Cloud Contact Center Market by End-user, Performance - Potential Analysis
8.3. Global Cloud Contact Center Market Estimates & Forecasts by End-user 2019-2029 (USD Billion)
8.4. Cloud Contact Center Market, Sub Segment Analysis
  8.4.1. Banking, Financial Services and Insurance
  8.4.2. IT and Telecom
  8.4.3. Media and Entertainment
  8.4.4. Retail
  8.4.5. Others

CHAPTER 9. GLOBAL CLOUD CONTACT CENTER MARKET, REGIONAL ANALYSIS

9.1. Cloud Contact Center Market, Regional Market Snapshot
9.2. North America Cloud Contact Center Market
  9.2.1. U.S. Cloud Contact Center Market
    9.2.1.1. Type breakdown estimates & forecasts, 2019-2029
    9.2.1.2. Service breakdown estimates & forecasts, 2019-2029
    9.2.1.3. End-user breakdown estimates & forecasts, 2019-2029
  9.2.2. Canada Cloud Contact Center Market
9.3. Europe Cloud Contact Center Market Snapshot
  9.3.1. U.K. Cloud Contact Center Market
  9.3.2. Germany Cloud Contact Center Market
  9.3.3. France Cloud Contact Center Market
  9.3.4. Spain Cloud Contact Center Market
  9.3.5. Italy Cloud Contact Center Market
  9.3.6. Rest of Europe Cloud Contact Center Market
9.4. Asia-Pacific Cloud Contact Center Market Snapshot
  9.4.1. China Cloud Contact Center Market
  9.4.2. India Cloud Contact Center Market
  9.4.3. Japan Cloud Contact Center Market
  9.4.4. Australia Cloud Contact Center Market
  9.4.5. South Korea Cloud Contact Center Market
  9.4.6. Rest of Asia Pacific Cloud Contact Center Market
9.5. Latin America Cloud Contact Center Market Snapshot
  9.5.1. Brazil Cloud Contact Center Market
  9.5.2. Mexico Cloud Contact Center Market
  9.5.3. Rest of Latin America Cloud Contact Center Market
9.6. Rest of The World Cloud Contact Center Market

CHAPTER 10. COMPETITIVE INTELLIGENCE

10.1. Top Market Strategies
10.2. Company Profiles
  10.2.1. NICE Systems Ltd
    10.2.1.1. Key Information
    10.2.1.2. Overview
    10.2.1.3. Financial (Subject to Data Availability)
    10.2.1.4. Product Summary
    10.2.1.5. Recent Developments
  10.2.2. Genesys Telecommunications Laboratories, Inc
  10.2.3. Vonage America, LLC
  10.2.4. Cisco Systems, Inc
  10.2.5. Avaya Holdings Corporation
  10.2.6. Serenova, LLC
  10.2.7. Alvaria, Inc
  10.2.8. Drishti-soft Solutions Pvt. Ltd
  10.2.9. Twilio Inc
  10.2.10. NeoDove Technologies Pvt Ltd

CHAPTER 11. RESEARCH PROCESS

11.1. Research Process
  11.1.1. Data Mining
  11.1.2. Analysis
  11.1.3. Market Estimation
  11.1.4. Validation
  11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption
LIST OF TABLES

TABLE 1. Global Cloud Contact Center Market, report scope
TABLE 2. Global Cloud Contact Center Market estimates & forecasts by Region 2019-2029 (USD Billion)
TABLE 3. Global Cloud Contact Center Market estimates & forecasts by Type 2019-2029 (USD Billion)
TABLE 4. Global Cloud Contact Center Market estimates & forecasts by Service 2019-2029 (USD Billion)
TABLE 5. Global Cloud Contact Center Market estimates & forecasts by End-user 2019-2029 (USD Billion)
TABLE 6. Global Cloud Contact Center Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 7. Global Cloud Contact Center Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 8. Global Cloud Contact Center Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 9. Global Cloud Contact Center Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 10. Global Cloud Contact Center Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 11. Global Cloud Contact Center Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 12. Global Cloud Contact Center Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 13. Global Cloud Contact Center Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 14. Global Cloud Contact Center Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 15. Global Cloud Contact Center Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 16. U.S. Cloud Contact Center Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 17. U.S. Cloud Contact Center Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 18. U.S. Cloud Contact Center Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 19. Canada Cloud Contact Center Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 20. Canada Cloud Contact Center Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 21. Canada Cloud Contact Center Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 22. UK Cloud Contact Center Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 23. UK Cloud Contact Center Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 24. UK Cloud Contact Center Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 25. Germany Cloud Contact Center Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 26. Germany Cloud Contact Center Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 27. Germany Cloud Contact Center Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 28. France Cloud Contact Center Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 29. France Cloud Contact Center Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 30. France Cloud Contact Center Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 31. Italy Cloud Contact Center Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 32. Italy Cloud Contact Center Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 33. Italy Cloud Contact Center Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 34. Spain Cloud Contact Center Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 35. Spain Cloud Contact Center Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 36. Spain Cloud Contact Center Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 37. RoE Cloud Contact Center Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 38. RoE Cloud Contact Center Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 39. RoE Cloud Contact Center Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 40. China Cloud Contact Center Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 41. China Cloud Contact Center Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 42. China Cloud Contact Center Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 43. India Cloud Contact Center Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 44. India Cloud Contact Center Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 45. India Cloud Contact Center Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 46. Japan Cloud Contact Center Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 47. Japan Cloud Contact Center Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 48. Japan Cloud Contact Center Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 49. South Korea Cloud Contact Center Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 50. South Korea Cloud Contact Center Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 51. South Korea Cloud Contact Center Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 52. Australia Cloud Contact Center Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 53. Australia Cloud Contact Center Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 54. Australia Cloud Contact Center Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 55. RoAPAC Cloud Contact Center Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 56. RoAPAC Cloud Contact Center Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 57. RoAPAC Cloud Contact Center Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 58. Brazil Cloud Contact Center Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 59. Brazil Cloud Contact Center Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 60. Brazil Cloud Contact Center Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 61. Mexico Cloud Contact Center Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 62. Mexico Cloud Contact Center Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 63. Mexico Cloud Contact Center Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 64. RoLA Cloud Contact Center Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 65. RoLA Cloud Contact Center Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 66. RoLA Cloud Contact Center Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 67. Row Cloud Contact Center Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 68. Row Cloud Contact Center Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 69. Row Cloud Contact Center Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Cloud Contact Center Market
TABLE 71. List of primary sources, used in the study of global Cloud Contact Center Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
LIST OF FIGURES

FIG 1. Global Cloud Contact Center Market, research methodology
FIG 2. Global Cloud Contact Center Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Cloud Contact Center Market, key trends 2021
FIG 5. Global Cloud Contact Center Market, growth prospects 2022-2029
FIG 6. Global Cloud Contact Center Market, porters 5 force model
FIG 7. Global Cloud Contact Center Market, pest analysis
FIG 8. Global Cloud Contact Center Market, value chain analysis
FIG 9. Global Cloud Contact Center Market by segment, 2019 & 2029 (USD Billion)
FIG 10. Global Cloud Contact Center Market by segment, 2019 & 2029 (USD Billion)
FIG 11. Global Cloud Contact Center Market by segment, 2019 & 2029 (USD Billion)
FIG 12. Global Cloud Contact Center Market by segment, 2019 & 2029 (USD Billion)
FIG 13. Global Cloud Contact Center Market by segment, 2019 & 2029 (USD Billion)
FIG 14. Global Cloud Contact Center Market, regional snapshot 2019 & 2029
FIG 15. North America Cloud Contact Center Market 2019 & 2029 (USD Billion)
FIG 16. Europe Cloud Contact Center Market 2019 & 2029 (USD Billion)
FIG 17. Asia pacific Cloud Contact Center Market 2019 & 2029 (USD Billion)
FIG 18. Latin America Cloud Contact Center Market 2019 & 2029 (USD Billion)
FIG 19. Global Cloud Contact Center Market, company Market share analysis (2021)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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