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North America Cloud-Based Contact Center Market by Solution (ACD, APO, Dialers, IVR, CTI, Reporting and Analytics, and Security), Service (Professional and Managed), Application, Deployment Model, Organization Size, Vertical, and Region - Global Forecast (2022 to 2027)

Published: March, 2023
ID: 9073
Pages: 97
Formats: report pdf report excel report power bi report ppt

North America Cloud-Based Contact Center Market Size & Growth (2022 - 2027)

The North America Cloud-Based Contact Center Market is currently valued at 5.7 Billion USD in 2020. The market is expected to grow at a CAGR of 32.1% over the forecast period to reach a valuation of 11.24  Billion USD in 2026.

Market Overview:

The Cloud Contact Center is the center of an organization hosted on an Internet network that controls all outbound and inbound communications. Cloud contact centers communicate with the aid of social media platforms, emails, voice and the Internet. They are used to reduce costs, increase ROI, maximize agent performance, improve mobility and scalability, and enhance customer experience and empowerment. The implementation model for cloud-based contact centers allows companies to set up contact centers for third-party organizations.

Recent Developments:

In 2019, Google unveiled a beta version of its Contact Center AI to aid retailers with responsive customer service by - phone support without sacrificing customer experience.

Geographical Analysis:

The market in North America is projected to have the largest market share due to the presence of major suppliers and growing usage of related services. The major countries included in the analysis are the USA, Canada, Mexico etc.

Market Drivers, Restraints And Opportunities:

Major factors which have helped drive the North America Cloud-Based Contact Center Market forward are-

  • The e-commerce industry is making a huge contribution to the development of cloud contact centers.
  • Most large corporations understand that Cloud-based contact centers are a very cost-effective method of setting up their centers in an environment that offers inexpensive skilled labor.
  • With the increasing acceptance of the cloud, the number of service providers offering full suites of contact center applications is growing rapidly.

The factors holding the North America Cloud-Based Contact Center Market back include-

  • If a company is setting up a cloud-based contact center outside the country, it is effectively eliminating jobs from its own country, and there has been a great deal of pressure from the government to prevent this.
  • Increasing competition in the retail market and evolving trends in customer services, preferences, attitudes and e-commerce are driving the growth of the cloud-based contact center sector. Many retailers, both offline and online, find cloud contact centers to be revenue streams with customer experience as a strategic priority.

Market Segmentation

  1. North America Cloud-Based Contact Center Market by Solution

  • ACD
  • APO
  • Dialers
  • IVR
  • CTI
  • Reporting and Analytics
  • Security

The CTI product is projected to have the largest market share among the solutions. Requirements include call routing and queuing, information management and tracking, chat content and monitoring, real-time decision-making, and workplace optimization.

  1. North America Cloud-Based Contact Center Market by Service

  • Professional
  • Managed
  1. North America Cloud-Based Contact Center Market by Application

  • Call routing and queuing
  • Data integration and recording
  • Chat quality and monitoring
  • Real-time decision-making
  • Workforce Optimization (WFO)
  1. North America Cloud-Based Contact Center Market by Deployment Mode

  • Public cloud
  • Private cloud
  • Hybrid cloud
  1. North America Cloud-Based Contact Center Market by Organization Size

  • Small and Medium-sized Enterprises
  • Large Enterprises

The category of large enterprises is projected to have a larger market size due to the high demand for improved cloud-based contact center systems that help to improve customer experience. They are commonly used by companies because of their benefits, such as high scalability, greater efficiency, rapid deployment and lower capital costs.

  1. North America Cloud-Based Contact Center Market by Vertical

  • Banking, Financial Services, and Insurance
  • Consumer goods and retail
  • Government and public sector
  • Healthcare and life sciences
  • Manufacturing
  • Media and entertainment
  • Telecommunication and Information Technology Enabled Services
  • Others
  1. North America Cloud-Based Contact Center Market by Region

  • USA
  • Canada
  • Mexico

Key Market Players:

The key market players in the North America Cloud-Based Contact Center Market include 8x8 Inc. (US), Five9 (US), Cisco Systems (US), Genesys (US), Oracle (US), NewVoiceMedia (UK), Connect First (US), Aspect Software (US), and 3CLogic (US).

North America Cloud-Based Contact Center Market Research Report Key Highlights:

  • Current and future market perspectives for North America Cloud-Based Contact Center Market in developed and emerging markets.
  • Analyze different market perspectives using the analysis of five Porter forces
  • The segment that is expected to dominate the market.
  • Regions that are expected to grow faster during the forecast period.
  • Identify the latest developments, market shares, and strategies of key market participants.

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