Service providers should focus on strong partnerships to gain a competitive advantage, finds Frost & Sullivan
Santa Clara, Calif. – December 21, 2017 – Growth in the North American hosted/cloud contact center market will be driven by flexibility; scalability; business agility; converged tools; addition of new interaction channels; richer integrations with new contact channels; improved analytics capabilities; and agent engagement. Contact center service providers (CCSPs) must expand their offerings to cater to a wider audience, that has a preference for self-service and personalized, contextually aware service. Strong partnerships programs are central to success, particularly as new capabilities and channels are added and competition intensifies.
Frost & Sullivan’s research, Growth Opportunities in the North American Hosted/Cloud Contact Center Market, Forecast to 2021,finds that while contact center system sales staved off heavy movement to the cloud as many adopted hybrid options, cloud sales remain very strong. Analytics and inbound contact routing are projected to have double-digit growth. The overall market is expected to grow at a compound annual growth rate of 9.7 percent until 2021. The study focuses on business models and technology areas, including inbound contact routing, interactive voice response, automated self-service outbound dialing, workforce management, call recording, and analytics.
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“Cloud contact centers should incorporate maturing technologies, including artificial intelligence, machine learning, Internet of Things, and mobile and social customer care to drive growth and user-base expansion,” said Digital Transformation Principal Analyst Nancy Jamison.
Top predictions for the North American hosted/cloud contact center market highlights that CCSPS will:
- Continue to build out suites of integrated contact center capabilities. However, they will have to bring in new technologies, such as predictive analytics and machine learning, to enhance capabilities, add value and remain competitive;
- Continue to provide multiple deployment options (public- private clouds), as well as adoption of micro-services architecture to provide new functionalities more quickly;
- Embrace the changing consumer base and, consequently, the emerging workforce, through the development of new tools and analytics capabilities to help with performance and agent engagement and to reduce churn; and
- Continue to tackle flexibility and usability in applications, such as WFO, to attract companies reluctant to take on complexity.
“In terms of vertical markets, hosted/cloud sales will be fairly evenly distributed across all verticals, with strong growth in banking, healthcare, government, and education,” noted Jamison. “In addition, growth will be seen in the lower end of the market, driven by numerous feature-rich competitive offerings from small vendors, as well as the introduction of offerings from well-known suppliers such as Amazon.”
Growth Opportunities in the North American Hosted/Cloud Contact Center Market, Forecast to 2021 forms part of Frost & Sullivan’s Customer Contact Growth Partnership Service program subscription. Other recent research includes Growth Opportunities in the European Customer Management BPO Market, Forecast to 2021, Growth Opportunities in the Global Professional Headset Market, Forecast to 2023, Analysis of the Latin American Contact Center Outsourcing Services Market, Forecast to 2022, and Growth Opportunities in the North American Contact Center Systems Market, Forecast to 2021.
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Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community.
Growth Opportunities in the North American Hosted/Cloud Contact Center Market, Forecast to 2021
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Contact:
Mariana Fernandez
Corporate Communications – North America
P: +1 (210) 348 1012
E: Mariana.Fernandez@frost.com
