Dublin, Jan. 08, 2024 (GLOBE NEWSWIRE) -- The "Call Center Artificial Intelligence Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F" report has been added to ResearchAndMarkets.com's offering.
The Global Call Center Artificial Intelligence Market was valued at USD 2.4 Billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 24.5% through 2028. The market is experiencing rapid growth, driven by technological advancements and the need for efficient customer service solutions.
Artificial Intelligence is transforming call centers by providing automated processes, handling customer inquiries through chatbots, and offering predictive analytics that personalizes customer interactions. Businesses across various sectors are acknowledging the imperative need to incorporate AI-driven solutions to enhance customer experiences, improve response times, and streamline operations.
Amidst the growth factors, the rising adoption of connectivity and Internet of Things (IoT) technologies amalgamates to drive the expansion of this agile market. The synergistic integration of AI and IoT facilitates a seamless and interconnected ecosystem, further enabling call centers to equip a real-time data analysis mechanism for predictive customer engagement, thereby renovating the customer service domain.
Key Drivers Fueling the Growth in Call Center AI
- Technology Integration: Convergence of AI with IoT and advanced analytics is reshaping interactions through predictive routing and real-time decision-making support.
- Customer Service Excellence: AI solutions are innovating the path to exceptional customer experiences by offering personalized and efficient service delivery round-the-clock.
- Operational Efficiency: Through automation and data analytics, AI optimizes call center operations leading to improved outcomes and customer satisfaction.
Challenges Opening New Horizons
While the market journeys through its progressive path, it faces challenges in interoperability, data management, and security. These challenges, however, are stimulating advancements in technology, such as developing secure communication channels and robust privacy protocols.
Emerging Trends
The report identifies emerging trends such as the proliferation of connected devices and significant strides in edge computing, which are enabling real-time processing in the AI space. Integration of AI with machine learning, advancements in voice interfaces, and a dedicated emphasis on data privacy and security are at the core of innovative trends shaping the future of call centers globally.
Regional Market Insights
North America remains a dominant region contributing to market prowess due to its strong technological infrastructure and early adoption of AI capabilities. Europe and the Asia-Pacific regions are also significant contributors, with rising investments and a burgeoning call center industry.
Report Scope:
In this report, the market has been segmented into the following categories:
By Component:
- Services
- Solution
By Deployment:
- Cloud
- On-premises
By Application:
- Predictive Call Routing
- Journey Orchestration
- Quality Management
- Sentiment Analysis
- Workforce Management & Advanced Scheduling
- Others
By Enterprise Size:
- Small & Medium Enterprise
- Large Enterprise
By Industry:
- BFSI
- IT & Telecommunication
- Healthcare
- Retail and E-Commerce
- Energy & utilities
- Travels & hospitality
- Others
By Channel:
- Phone
- Social media
- Chat
- Email or Text
- Website
Competitive Landscape
Detailed analysis of the following major companies is included in the report:
- IBM
- Microsoft
- Amazon Web Services
- Nuance Communications
- Genesys Telecommunications Laboratories
- Five9
- NICE
- Verint Systems
- SAP
- Oracle
- Avaya
- Cisco Systems
Key Attributes:
Report Attribute | Details |
No. of Pages | 183 |
Forecast Period | 2022 - 2028 |
Estimated Market Value (USD) in 2022 | $1.43 Billion |
Forecasted Market Value (USD) by 2028 | $5.38 Billion |
Compound Annual Growth Rate | 23.7% |
Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/gifsow
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