Global Customer Experience Management Software Market to Grow at 12.2% During 2024-2032, Impelled by Considerable Increase in Data Generation

February 08, 2022 | Technology & Media

According to the latest report by IMARC Group, titled "Customer Experience Management Software Market Report by Component (Solutions, Services), Touchpoint (Stores/Branches, Call Centers, Social Media Platform, Email, Mobile, Web Services, and Others), Deployment Mode (On-premises, Cloud-based), Organization Size (Large Enterprises, Small and Medium-sized Enterprises), Industries (Retail, BFSI, IT and Telecommunication, Healthcare, Media and Entertainment, Government Sector, and Others), and Region 2024-2032," the global customer experience management software market reached a value of US$ 13,042.6 Million in 2023. Customer experience management software refers to a computer-based solution that is widely utilized by multiple businesses for monitoring and managing their interaction with customers. It generally functions by collecting feedback from customers, analyzing the data for obtaining meaningful insights and assisting the organization in taking needful actions for improving customer experiences. These solutions help organizations in automating and synchronizing services in order to better assist their customers. Due to rapid digitization across the globe, there has been a significant rise in the adoption of customer experience management software.

Global Customer Experience Management Software Market Trends:

The global market is primarily driven by a considerable increase in data generation across multiple industries. In line with this, the penetration of high-speed internet connectivity and the rising adoption of smartphones among the masses are creating a positive outlook for the market. Coupled with the continuous improvements across the e-commerce sector and the widespread preference for contactless delivery, this is providing a boost to the market growth. Also, an enhanced convenience offered by online shopping platforms is strengthening the market growth. Furthermore, continual technological advancements and the integration of advanced analytics and cloud computing with customer experience management software are considered as major growth-inducing factors. Additionally, the widespread utilization of software in the healthcare sector for storing patient data, collecting details of appointments and medications, and tracking interactions with doctors is positively influencing the market growth. Other factors, including intensive business competition, continuous innovations in the service platform and extensive research and development (R&D) activities conducted by key players, are further contributing to the market growth. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 37,542.1 Million by 2032, growing at a CAGR of 12.2% during 2024-2032.

Market Summary:

On the basis of the component, the market has been bifurcated into solutions and services.
Based on the touchpoint, the market has been segmented into stores/branches, call centers, social media platform, email, mobile, web services and others.
On the basis of the deployment mode, the market has been classified into on-premises and cloud-based.
Based on the organization size, the market has been categorized into large and small and medium-sized enterprises.
On the basis of the end-use industry, the market has been segregated into retail, BFSI, IT and telecommunication, healthcare, media and entertainment, government sector and others.
Based on the region, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others) and the Middle East and Africa.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players. Some of the key players are Adobe Inc., Avaya Inc., Clarabridge (Qualtrics International), International Business Machines Corporation, Medallia Inc., NICE Ltd., Oracle Corporation, Salesforce.com Inc., SAP SE, SAS Institute Inc., Tech Mahindra Limited, Verint Systems Inc. and Zendesk.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Million
Segment Coverage	Component, Touchpoint, Deployment Mode, Organization Size, Industries, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Adobe Inc., Avaya Inc., Clarabridge (Qualtrics International), International Business Machines Corporation, Medallia Inc., NICE Ltd., Oracle Corporation, Salesforce.com Inc., SAP SE, SAS Institute Inc., Tech Mahindra Limited, Verint Systems Inc. and Zendesk.
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Customer Experience Management Software Market to Grow at 12.2% During 2024-2032, Impelled by Considerable Increase in Data Generation

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