North America Cloud-Based Contact Center Market Size, Share, Trends, COVID-19 Impact & Growth Forecast Report – Segmented by Solution (ACD, APO, Dialers, IVR, CTI, Reporting and Analytics, and Security), Service (Professional and Managed), Application, Deployment Model, Organization Size, Vertical, and Regional - (2024 to 2029)

Updated On: June, 2024
ID: 9073
Pages: 97

North America Cloud-Based Contact Center Market Size (2024 to 2029)

The North America Cloud-Based Contact Center Market is currently valued at 5.7 Billion USD in 2024. 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 2029.

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.

North America Cloud-Based Contact Center Market Drivers

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.

North America Cloud-Based Contact Center Market Restraints

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.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2023 to 2029

Base Year

2023

Forecast Period

2024 to 2029

CAGR

32.1%

Segments Covered

By Solution, Service, Application, Deployment Mode, Organization Size, Vertical, and Region

 

Various Analyses Covered

Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

The United States, Canada, Mexico, and Rest of North America

 

Market Leaders Profiled

8x8 Inc. (US), Five9 (US), Cisco Systems (US), Genesys (US), Oracle (US), NewVoiceMedia (UK), Connect First (US), Aspect Software (US), and 3CLogic (US).

 

This research report on the North American cloud-based contact center market has been segmented and sub-segmented based on the following categories.

North America Cloud-Based Contact Center Market Analysis 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.

North America Cloud-Based Contact Center Market Analysis By Service

  • Professional

  • Managed

North America Cloud-Based Contact Center Market Analysis By Application

  • Call routing and queuing

  • Data integration and recording

  • Chat quality and monitoring

  • Real-time decision-making

  • Workforce Optimization (WFO)

North America Cloud-Based Contact Center Market Analysis By Deployment Mode

  • Public cloud

  • Private cloud

  • Hybrid cloud

North America Cloud-Based Contact Center Market Analysis 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.

North America Cloud-Based Contact Center Market Analysis 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

North America Cloud-Based Contact Center Market Analysis By Region

  • USA

  • Canada

  • Mexico

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.

KEY MARKET PARTICIPANTS

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).

RECENT HAPPENINGS IN THE MARKET

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.

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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Frequently Asked Questions

What are the key benefits of using a cloud-based contact center in North America?

Key benefits include scalability, flexibility, and cost savings. Cloud-based solutions allow businesses to easily scale their operations up or down based on demand, avoid large upfront investments in hardware, and ensure quick updates and maintenance without significant downtime.

Can cloud-based contact centers support bilingual services in North America?

Yes, cloud-based contact centers can easily support bilingual services, particularly in regions with high demand for both English and Spanish languages. Advanced cloud platforms offer multilingual support and seamless integration with language translation services to cater to diverse customer bases.

How does a cloud-based contact center enhance customer service for North American businesses?

Cloud-based contact centers enhance customer service by providing advanced features such as omnichannel support, AI-driven chatbots, real-time analytics, and seamless integration with CRM systems. These tools help businesses deliver personalized and efficient customer interactions.

How can a cloud-based contact center improve remote work capabilities for North American employees?

Cloud-based contact centers support remote work by providing agents with access to the contact center platform from any location with an internet connection. This enables flexible work arrangements, improves agent satisfaction, and ensures business continuity even when employees cannot be physically present in the office.

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