Cloud-based Contact Center Market - Top Companies and Manufacturers

  • Report ID: 6616
  • Published Date: Oct 30, 2024
  • Report Format: PDF, PPT

Companies Dominating the Cloud-based Contact Center Landscape

    Competition is intense in the cloud-based contact center market, with leading players such as NICE, Genesys, Five9, RingCentral, Talkdesk, and Vonage driving the pace of innovation in the industry. These companies are constantly reinventing their suites through continuous integration of AI, automation, and omnichannel communication capabilities into their product suites, keeping pace with evolving enterprise requirements across various industry segments. As competition mounts, providers are offering customized solutions tailored toward verticals, including healthcare, retail, and finance.

    In May 2024, RingCentral extended the strategic partnership with Avaya, Inc., by enhancing unified communications-as-a-service with Avaya Cloud Office powered by RingCentral. This further demonstrates competitive moves being made by these leading players to equip enterprises with integrated communication solutions that could reduce unnecessary complexities in operations and give customers high satisfaction. The company-to-company collaboration is promising a future for the market development, as companies are working on expanding their product portfolios to capture a larger market share.

    Here are some leading players in the cloud-based contact center market:

    • NICE
      • Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Genesys
    • Five9
    • Vonage
    • Talkdesk
    • Cisco
    • Avaya
    • Serenova

Browse Key Market Insights with Data Illustration:

In the News

  • In April 2024, Oracle announced an investment of over USD 8 billion in Japan over the next decade to meet growing cloud and AI infrastructure demands. The company plans to expand operations across Japan, enhance support for Japanese engineering teams, and address digital sovereignty requirements, with a focus on boosting cloud regions in Tokyo and Osaka.
  • In January 2024, AWS announced a USD 15.5 billion investment to expand its data center portfolio in Japan, reflecting the region's surging demand. This major investment aims to capitalize on the anticipated boom in generative AI, positioning AWS to support a growing need for advanced cloud solutions.
  • In March 2024, Vonage introduced Enhanced Noise Cancellation to its Contact Center platform, a feature powered by machine learning. This technology not only eliminating disruptive background noise but also cancels out echo, ensuring clearer communication between agents and customers. The result is a significant boost in agent productivity, a reduction in average handling time, and a marked improvement in the overall customer experience.
  • In March 2024, Five9 launched GenAI Studio, a unique solution that enables organizations to customize generative AI models for contact center use. This innovative platform allows businesses to fine-tune AI models, such as OpenAI, to cater to specific customer service scenarios, leading to more personalized and effective interactions. With just a few clicks, businesses can integrate these AI tools, improving response times, enhancing customer engagement, and streamlining contact center operations.

Author Credits:  Abhishek Verma


  • Report ID: 6616
  • Published Date: Oct 30, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The cloud-based contact center market size is USD 35.1 billion in 2024.

The global cloud-based contact center market size is valued at US 35.1 billion in 2024 and is anticipated to surpass USD 295.2 billion by the end of 2037, rising at a CAGR of 17.8% over the forecast period, i.e., 2025-2037.

Key players in the market include NICE, Genesys, Five9, Vonage, Talkdesk, Cisco, Serenova, Content Guru, Aspect Software, and RingCentral.

The solution segment is anticipated to hold a leading share during the forecast period.

North America is anticipated to dominate the industry with a share of 46.5% during the forecast period.
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