PUBLISHER: QYResearch | PRODUCT CODE: 1872082
PUBLISHER: QYResearch | PRODUCT CODE: 1872082
The global market for Customer Experience Management was estimated to be worth US$ 19236 million in 2024 and is forecast to a readjusted size of US$ 51089 million by 2031 with a CAGR of 15.4% during the forecast period 2025-2031.
Customer experience management (CEM or CXM) is a set of processes used to track customer interactions throughout the customer journey. CEM allows organizations to gain insight into these customer interactions and optimize each touchpoint to drive loyalty and improve customer lifetime value. The best customer experience management software enables enterprises to provide customer-centric experiences across all customer interactions at scale, while optimizing operations, control, and compliance of the associated enterprise information and processes.
Technology-driven intelligent upgrades
AI and automation: Natural language processing (NLP) and machine learning technologies are widely used. For example, AI chatbots handle 70% of routine inquiries, improving customer satisfaction by 18%; Glassbox's AI Insight Assistant (GIA) can automatically identify customer churn risk points with an accuracy rate of over 90%.
Omnichannel Integration: Businesses are transitioning from "multichannel" to "omnichannel" strategies. For example, an e-commerce platform improved cross-channel experience consistency by 50% and increased repeat purchase rates by 15% through a unified customer data hub.
Real-time feedback and predictive analytics: Real-time data collection technologies (such as conversation recording and sentiment analysis) enable businesses to proactively intervene before customer experiences deteriorate. A certain airline improved complaint resolution efficiency by 60% by monitoring customer service conversations in real time.
The deep penetration of the experience economy
Explosion of personalized demand: Consumer expectations for customized services are driving CXM to shift from "standardization" to "scenario-based." For example, a bank used AI to analyze customer spending habits and provide dynamic credit limit recommendations, resulting in a 25% increase in customer retention rates.
Experience as a product: Some industries position experience itself as a core competitive advantage. For instance, a hotel group integrated room service, dining reservations, and tourism recommendations through a CXM platform, achieving a 30% premium on customer experience.
Data Compliance and Ethical Challenges
Strengthened Privacy Protection: Regulations such as the GDPR and China's Personal Information Protection Law are driving CXM technology upgrades, requiring companies to balance data utilization and compliance risks. For example, a retail company adopted federated learning technology to enable cross-channel analysis without sharing raw data.
Ethics and Transparency: As customers become more sensitive to algorithmic bias and data misuse, companies must establish transparent data usage policies. For example, a ride-sharing platform publicly disclosed its algorithmic logic, resulting in an 18% increase in customer trust.
Ecosystem Integration and Industry Vertical Integration
Solution Modularization: Leading vendors are building CXM platforms through API openness and ecosystem partnerships, such as Salesforce's deep integration with Slack and Tableau, reducing companies' technology integration costs.
Industry Customization: Vertical-specific solutions are emerging, such as patient journey management systems in the healthcare industry and post-sales experience optimization tools in manufacturing. A certain automotive brand improved customer satisfaction from 72% to 89% by adopting an industry-specific CXM system.
This report aims to provide a comprehensive presentation of the global market for Customer Experience Management, focusing on the total sales revenue, key companies market share and ranking, together with an analysis of Customer Experience Management by region & country, by Type, and by Application.
The Customer Experience Management market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Customer Experience Management.
Market Segmentation
By Company
Segment by Type
Segment by Application
By Region
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Customer Experience Management company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Revenue of Customer Experience Management in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Revenue of Customer Experience Management in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.