Market Research Report
Call Center Outsourcing Market by End-users and Geography - Global Forecast & Analysis 2019-2023
|Call Center Outsourcing Market by End-users and Geography - Global Forecast & Analysis 2019-2023|
Published: October 10, 2019
TechNavio (Infiniti Research Ltd.)
Content info: 149 Pages
Delivery time: 1-2 business days
Technavio's call center outsourcing market analysis considers sales from IT and telecom, BFSI, healthcare, retail, government, and other end-users. Our study also finds the sales of call center outsourcing in APAC, Europe, North America, South America, and MEA. In 2018, the IT and telecom segments had a significant market share, and this trend is expected to continue over the forecast period. Factors such as increasing technological advances and growth in data traffic will play a significant role in the IT and telecom segments to maintain its market position. Also, our global call center outsourcing market report looks at factors such as the focus on reducing operating costs, increasing use of RPA in call centers, and rise of emerging countries as call center destinations. However, growing security concerns, limitations of outsourcing call center operations, and low employee engagement and shut down of call centers may hamper the growth of the call center outsourcing industry over the forecast period.
It is crucial for organizations to maintain a good relationship with their customers and offer better customer support services to stay competitive and ensure revenue growth. Vendors in the market have started outsourcing call center services and operations to improve and ensure revenue growth. If an organization manages a call center facility in-house, it must invest in infrastructure, manage the workforce, and offer training to new employees, all of which can lead to 50%-70% additional costs. With outsourced services, organizations need not invest in resources or be concerned about managing limited available resources. This focus on reducing operating costs will lead to the expansion of the global call center outsourcing market at a CAGR of over 3% during the forecast period.
The adoption of cloud computing is rising globally, owing to the flexibility and cost benefits of cloud services. Cloud-based solutions help organizations save and reduce their overall capital expenditure (CAPEX). Organizations can subscribe to cloud services on a pay-as-you-go basis. As cloud solutions offer numerous benefits such as providing personalized services, routing liquifies effectively, and solving problems, call center organizations have started adopting cloud-based offerings. Cloud-based call centers are flexible as they can quickly adapt to the changing business needs and can be integrated with third-party applications through an application programming interface (API) framework. This development is expected to have a positive impact on the overall market growth.
For the detailed list of factors that will drive the global call center outsourcing market during the forecast period 2019-2023, view our report.
With the presence of several major players, the global call center outsourcing market is moderately fragmented. Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading call center outsourcing manufacturers, that include Atento S.A., Bertelsmann SE & Co. KGaA, Concentrix Corp., Hinduja Global Solutions Ltd., Sitel Group, StarTek Inc., Sykes Enterprises Inc., Teleperformance SE, Transcom WorldWide AB, and TTEC Holdings Inc.
Also, the call center outsourcing market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.