Call Center AI Market New Study Focusing On Business Opportunity

Published: 2024-07-25
Views: 144
Author: mansidesai
Published in: Business

Telephone Center In a call center, artificial intelligence (AI) automation is the use of software or technology to carry out repetitive, labor-intensive operations and procedures. Automation aims to save expenses and maximize resources. Artificial Intelligence is intended to increase call center efficacy and efficiency, optimize client interactions, and raise overall customer happiness. Call center analytics, including call durations, first call resolution rates, blocked calls, and so forth, can be measured with the use of AI. The staff benefits from time savings in measuring and assessing the metrics. Analytics are gathered and measured more quickly by AI software and other technologies than by a typical human worker. Your call centers' consumer interaction data can be reviewed by AI-based call analytics software.

AI can assist in identifying customer experience issues and identifying client problems that should be the primary focus of resolution. AI systems that use voice recognition technology are able to comprehend spoken language, which is particularly useful for voice-based client interactions. Voice assistants and interactive voice response (IVR) technologies are included. Artificial intelligence advancements in other domains, such natural language processing and machine learning, enable call center AI to gain knowledge from call data and support agents more effectively. The need for call center artificial intelligence (AI) is predicted to increase as the digital landscape changes and the industry moves toward automated and intelligent customer care solutions.

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Leading players involved in the Call Center AI Market include:

 IBM (US), Microsoft (US), Oracle (US), AWS (US), Google (US), Avaya (US), Nuance Communications (US), Genesys (US),8x8 (US), Zendesk (US),Five9 (US), RingCentral (US), Talkdesk (US), Dialpad (US), Twilio (US),Kore.ai (US), Inbenta (US), Pypestream (US), Rulai (US), Avaamo (US),Senseforth.ai (US),Observe.AI (US),Yellow.ai (US), SAP (Germany), and Other Major Players.

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Segmentation of Call Center AI Market:

By Component Type

• Solution
• Services

By Deployment Model

• Cloud
• On-Premise

By Size

• Large
• Small
• Medium

By End-User

• Telecom and IT
• Healthcare
• Media and Entertainment
• Manufacturing 

Factors Affecting

The worldwide call center AI industry has grown as a result of several important aspects. A growing emphasis on customer satisfaction, an increase in the number of call centers worldwide, and a rise in the demand for value-added customer support services are some of these drivers.
Aside from that, the worldwide call center AI market is anticipated to grow at a faster rate over the forecast period due to developments in imaging technologies and the growing use of AI solutions in BFSI, telecom, retail, and healthcare.
The flexibility and cost-effectiveness offered by cloud-based services will help the call center artificial intelligence market grow internationally. Most call center AI solutions favor the cloud over on-premises systems because to its advantages, which include lower installation and maintenance costs.

Geographic Coverage

• North America (US, Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)

Geographically, North America would hold the largest share over the projection period, contributing to the global call center AI market. Growing investments and innovations, the expanding use of AI in contact centers, and the presence of major companies in the region are all considered contributing factors to the growth of the regional market. In addition, throughout the projected period, the global call center AI market would rise at a faster rate due to the growing demand for automated work activities in call centers. Furthermore, because of the rising IT investments in developing nations and the expanding number of contact centers in the region, the Asia-Pacific area is anticipated to grow at the quickest rate during the projection period.

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Major Developments in the Call Center AI Market Industry:

By forming a strategic agreement with Alcatel-Lucent in March 2022, Avaya will be able to offer its OneCloud CCaaS composable solutions to the company's global customer base. At the same time, Avaya clients had global access to digital networking technologies.
Sprinklr and Google Cloud collaborated in January 2022 to restructure businesses' customer experience management plans. As part of this partnership, Sprinklr and Google Cloud worked together to expand their market reach, increase their exposure among mutual clients, and establish tight ties with the worldwide sales force. This collaboration makes use of strong ties with businesses that choose Google Cloud offerings.

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