Call Center AI Market to Exceed $10.4B by 2032 Boosted by Growth in AI-Driven Customer Service Solutions
The Call Center AI market is poised for growth, driven by demand for automated solutions to boost customer service efficiency and satisfaction.
AUSTIN, TX, UNITED STATES, January 16, 2025 /EINPresswire.com/ -- The Call Center AI Market size was USD 1.7 billion in 2023 and is expected to reach USD 10.4 billion by 2032, growing at a CAGR of 22.3% over the forecast period from 2024 to 2032.
Call Center AI Market Rapidly Expanding Frontier in Customer Service
AI-driven solutions are revolutionizing customer service operations, providing efficiency, personalized support, and low operational costs. By 2025, it is estimated that 85% of customer interactions will be automated, thus boosting the demand for predictive analytics, NLP, and conversational AI technologies. Telecom, BFSI, IT, healthcare, and retail are using these innovations to enhance customer experiences, streamline processes, and optimize operations. Investment from governments around the world is on AI advancement and, thus, is propelling the Call Center AI market's rapid growth. These developments confirm AI as the foundation of modern customer service to meet the needs of both businesses and consumers in their ever-evolving demands.
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Keyplayers:
Google LLC (Dialogflow, Contact Center AI)
IBM Corporation (Watson Assistant, Watson Discovery)
Amazon Web Services (AWS) (Amazon Lex, Amazon Connect)
Microsoft Corporation (Azure Bot Services, Dynamics 365 AI for Customer Service)
Salesforce (Einstein Bots, Service Cloud Voice)
Genesys (Genesys Cloud CX, Predictive Engagement)
NICE Ltd. (NICE Enlighten AI, CXone)
Five9, Inc. (Five9 IVA, Five9 Digital Engagement)
Zendesk (Zendesk Chatbot, Answer Bot)
Avaya Inc. (Avaya Conversational AI, Avaya Experience Platform)
Bright Pattern (Bright Pattern Contact Center, Bright Pattern AI Chatbot)
Segment Analysis
By Component
The Solutions segment accounted for the largest share in 2023, representing more than 74% of the market. AI-driven solutions revolutionizing the activities of a traditional call center. The technology allows millions of calls to be handled daily, and real-time actionable insights are given to the call center. For instance, statistics from the U.S. indicate that average handling times are reduced by 40%, and resolution rates increase by 35% using AI solutions. This is supplemented by government-led initiatives, such as the UK's Artificial Intelligence Strategy, which encourages the adoption of AI technologies by businesses through grants and subsidies.
By Application
Predictive call routing took the largest share of over 23% in 2023, with its real-time capability of directing customers to the most suitable agents instantly, thereby increasing efficiency and satisfaction. It relies on AI, which studies the data and agent performance of a customer in real time. Therefore, there are quicker responses to the clients. According to the World Economic Forum 2023 AI Impact Report, business applications using predictive call routing experience a rise in customer satisfaction of 30%. The adoption of AI has also been fostered by governmental initiatives, including Singapore's Smart Nation Initiative.
By Channel
The phone channel dominated the market in 2023, accounting for over 42% of the market share. Despite the emergence of digital channels, many customers, especially the elderly, find more immediacy and reliability in interactions over the phone. Speech recognition and sentiment analysis, both AI technologies, are further reinforcing phone-based interaction with the customer. The Australian Government Department of Communications recently reported that 68% of its citizens aged 45 years and above prefer the channel over any other digital alternative.
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Regional Analysis
In 2023, North America dominated the Call Center AI market, capturing over 38% of the global market share. Such a dominance is possible due to advanced technological infrastructure in the region, strong government initiatives, and higher investment in AI research and development. The U.S. National Artificial Intelligence Initiative is one of those initiatives that catalyze AI adoption in many sectors, such as customer service.
Asia-Pacific, on the other hand, is expected to exhibit the fastest growth rate during the forecast period. The growing region is led by improved infrastructure in AI, as well as large funding support from the government. In a bid to increase AI applications such as automated call centers, the Chinese government offered $5 billion for the implementation of its AI Development Plan.
Recent Developments
February 2024: Zendesk announced the acquisition of Klaus, expanding its workforce engagement management portfolio to include automated quality assurance solutions. This acquisition enhances Zendesk's AI capabilities, enabling businesses to provide improved customer service.
February 2024: Bright Pattern partnered with Grupes, a certified contact center software provider in EMEA, to offer advanced solutions that enhance customer experiences throughout the consumer journey. This collaboration aims to deliver more efficient and personalized customer support across various industries.
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