India Cloud-based Contact Center Market Evolution: Past, Present, and Future

Rising demand from the BFSI Industry is expected to propel the India cloud-based contact center market.

Apr 8, 2024 - 15:34
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India Cloud-based Contact Center Market Evolution: Past, Present, and Future
India Cloud-based Contact Center Market

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According to a report by TechSci Research titled "India Cloud Based Contact Center Market - By Region, Competition, Forecast & Opportunities, 2019-2029F," robust growth is anticipated in the India cloud-based contact center market between 2025 and 2029. This growth is primarily driven by increasing demand from the banking, financial services, and insurance (BFSI) sector, which is striving to enhance customer experience through efficient contact center solutions.

Businesses are increasingly turning to cloud-based contact centers to cater to low-income consumers, seeking more reliable and cost-effective services. Moreover, the allure of reduced capital expenses and faster deployment of cloud contact centers is propelling market expansion. Vendors are investing in innovative solutions by integrating technologies like artificial intelligence (AI), the Internet of Things (IoT), and machine learning (ML) to meet evolving customer service and market demands.

Furthermore, the shift towards remote work culture and the rising demand from professionals are bolstering the development of the cloud-based contact center market in India.

Report Scope: https://www.techsciresearch.com/sample-report.aspx?cid=17090 

In this report, the India cloud-based contact center market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

India Cloud-based Contact Center Market, By Component:

Solutions

  • Automatic Call Distribution

  • Agent Performance Optimization

  • Interactive Voice Response

  • Computer Telephony Integration

  • Analytics and Reporting

  • Dialers

  • Others

Service

  • Professional

  • Managed

India Cloud-based Contact Center Market, By Deployment:

  • Public

  • Private

  • Hybrid

India Cloud-based Contact Center Market, By Enterprise Size:

  • Small & Medium Enterprise

  • Large-Sized Enterprise

India Cloud-based Contact Center Market, By End User:

  • Telecom & Information Technology

  • BFSI

  • Healthcare

  • Retail

  • Government

  • Manufacturing

  • Others

India Cloud-based Contact Center Market, By Region:

  • East India

  • West India

  • North India

  • South India

Public deployment is expected to dominate the market, followed by hybrid deployment due to their cost-effectiveness and operational efficiency. Large enterprises are anticipated to hold a significant market share, driven by their early adoption of advanced technologies and large customer base. On the other hand, small and medium-sized enterprises (SMEs) are poised for substantial growth owing to flexible and affordable solution options.

The BFSI sector is expected to witness the fastest growth, followed by the telecom & information technology segment. The digitalization push in the banking and finance sector is driving the adoption of cloud contact centers to streamline processes and enhance customer service. Additionally, IT-enabled services are embracing cloud-native contact center solutions to facilitate teleworking and remote service paradigms.

Key market players in the India Cloud-Based Contact Center Market include: 

  • Genesys Telecom Labs India Pvt Ltd.

  • I3clogic Technologies Private Limited

  • Avaya India Private Limited

  • Tragofone

  • 8x8 India Private Limited

  • Mitel Networks Private Limited

  • Ecisco Systems (India) Private Limited

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Mr. Karan Chechi, Research Director at TechSci Research, emphasizes the dominance of the South region, particularly IT hubs like Hyderabad and Chennai, which benefit from the presence of numerous IT companies and early technology adoption. Government initiatives to promote cloud-based systems and business process automation further fuel market demand.

The report "India Cloud Based Contact Center Market By Component (Solutions, Service), Deployment (Public, Private, Hybrid), Enterprise Size (Small & Medium Enterprise, Large-Sized Enterprise), End-User (Telecom & Information Technology, BFSI, Healthcare, Retail, Government, Manufacturing, Others), Region, Competition, Forecast and Opportunities, 2029" evaluates the market's growth potential and provides insights to aid decision-makers in making informed investment decisions. It identifies emerging trends, drivers, challenges, and opportunities in the India Cloud Based Contact Center Market.

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Jack Warner Hello, My name is Jack Warner, a seasoned Market Researcher with over a decade of experience.