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Customer Experience Management Market Likely To Reach A Valuation Of Around USD 32.49 Billion By 2025: Grand View Research, Inc.

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Customer Experience Management Market Likely To Reach A Valuation Of Around USD 32.49 Billion By 2025: Grand View Research, Inc.

September 25
04:23 2018

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research,The global customer experience management market size is expected to reach USD 32.49 billion by 2025. Growing focus of business organizations on retaining their customers by providing consistent and enhanced customer experience across multiple channels is one of the key trends stimulating market growth.

The global customer experience management market size is expected to reach USD 32.49 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 22.9% during the forecast period. Growing focus of business organizations on retaining their customers by providing consistent and enhanced customer experience across multiple channels is one of the key trends stimulating market growth.

Cloud-based implementation of customer experience management is expected to gain traction over the forecast period. This growth can be attributed to rising number of organizations using cloud deployment models at their contact center to effectively engage customers across different channels such as mobile, email, call center, social media, and chat.

The retail sector is one of the largest end-users segment of customer experience management software. Retailers are actively focusing on delivering enhanced customer experience while buying and interacting with the brand or the company. In current era, customers are relying on different technology to get information and to make their purchase decision. Retail companies are using structured analytics CEM technology to maintain detailed information about their customer’s profile. By collecting this customer information from different touch points such as web, mobile, social and media, retail companies can get the idea about their customer preferences by analyzing their personalized insights. Using this crucial information, the retailers can deliver personalized and superior customer experience in turn gain loyal customer relationship.

Full Research Report On Customer Experience Management Market Analysis:
www.grandviewresearch.com/industry-analysis/customer-experience-management-market

U.S. customer experience management market share, by end-user, 2014 - 2025 (USD billion)

Further key findings from the report suggest:

  • On the basis of touch point, the call center segment was the largest segment in 2016 and is anticipated to generate revenue of over USD 1.70 billion by 2025.

  • Based on analytical tools, speech analytics is estimated to be at the forefront of the market throughout the forecast horizon

  • The customer experience management market in the BFSI sector is anticipated to cross the USD 7.33 billion mark by 2025   

  • Asia Pacific is projected to witness substantial growth over the forecast period. The growth can be attributed to growing adoption of CEM techniques among various end-user industries. The regional market is expected to rise at a CAGR of 24.7% from 2017 to 2025

  • Key players include IBM Corporation; Oracle Corporation; Adobe Systems Incorporated; Nokia Networks; and Avaya, Inc. dominated the market in 2016.

Browse More Reports Of This Category By Grand View Research At: www.grandviewresearch.com/industry/communication-services

Asia Pacific customer experience management market share, by touch point, 2016 (%)

Grand View Research has segmented the global customer experience management market on the basis of analytical tool, touch point type, deployment, end-user, and region:

Customer Experience Management (CEM) Analytical Tool Outlook (Revenue, USD Million, 2014 – 2025)

  • Enterprise Feedback Management (EFM) software

  • Speech analytics

  • Text analytics

  • Web analytics

  • Other analytics

Customer Experience Management (CEM) Touch Point Type Outlook (Revenue, USD Million, 2014 – 2025)

  • Stores/ branch

  • Call Centers

  • Social Media

  • Email

  • Mobile

  • Web services

  • Others

Customer Experience Management (CEM) Deployment Outlook (Revenue, USD Million, 2014 – 2025)

  • Cloud

  • On Premise

Customer Experience Management (CEM) End-User Outlook (Revenue, USD Million, 2014 – 2025)

  • BFSI

  • Retail

  • Healthcare

  • IT & Telecom

  • Manufacturing

  • Government, Energy & utilities

  • Others

Customer Experience Management (CEM) Regional Outlook (Revenue, USD Million, 2014 – 2025)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • France

    • U.K.

    • Rest of Europe

  • Asia Pacific

    • China

    • India

    • Japan

    • Rest of APAC

  • Latin America

    • Brazil

    • Mexico

    • Rest of Latin America

  • Middle East & Africa

Explore the BI enabled intuitive market research database, Navigate with Grand View Compass, by Grand View Research, Inc.

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com/

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
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City: San Francisco
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Country: United States
Website: www.grandviewresearch.com/industry-analysis/customer-experience-management-market