E-Commerce Fuels Expansion Of Call Center Outsourcing Market:

Published 13 hours ago• 6 minute read

Call Center Outsourcing

The Call Center Outsourcing Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Projected Growth of the Call Center Outsourcing Market?
The growth in the call center outsourcing market has been robust in the recent past. The market which is projected to progress from a base of $113.49 billion in 2024 to an impressive $121.28 billion in 2025, projects a compelling compound annual growth rate (CAGR) of 6.9%. This notable increase during the historical phase can be explained by several factors including a focus on central competencies, scalability, round-the-clock customer assistance, and availability of specialized skills.

The market size for call center outsourcing is predicted to experience robust expansion in the coming years, with an expected value of $162.01 billion in 2029, growing at a compound annual growth rate (CAGR) of 7.5%. The anticipated growth during the forecast period is linked to factors such as multichannel customer service, a focus on customer experience, data safety and compliance, adaptable work models, as well as social responsibility and sustainability. The forecast period will also witness certain key trends, including innovative technologies, technological advancements, stress on digital transformation, data security and compliance, and focus on customer experience (CX).

Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=13226

What Are the Different Call Center Outsourcing Market Segments?
The call center outsourcing market covered in this report is segmented -

1) By Type: Inbound Services, Outbound Services
2) By Enterprise Size: Large Enterprise, Small And Medium Enterprises (SMEs), Startups
3) By Vertical: Banking, Financial Services And Insurance (BFSI), Information Technology And Telecom, Healthcare, Retail, Manufacturing, Other Verticals

Subsegments:
1) By Inbound Services: Customer Support, Technical Support, Order Processing, Helpdesk Services
2) By Outbound Services: Tele marketing, Lead Generation, Customer Surveys, Collections Services

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=13226&type=smp

What Are the Primary Drivers Shaping the Call Center Outsourcing Market?
The expansion of the e-commerce industry is predicted to fuel the call center outsourcing market's growth in the future. E-commerce, commonly known as electronic commerce, involves the transaction of goods and services, as well as the transfer of funds or data, via an electronic network, primarily the internet. Call center outsourcing services offer e-commerce businesses the expertise of skilled and experienced agents well-versed in handling customer queries thereby ensuring consistent high-quality support and assistance. As an example, the Quarterly Retail E-Commerce Sales Report 2024, released by the United States Census Bureau in February 2024, noted that U.S. retail e-commerce sales hit a high of $291.6 billion in the second quarter of 2024, marking a 1.3% increase from the preceding quarter and a 6.7% hike compared to the same time in 2023. These sales represented 16.0% of the total retail sales, which were projected to be around $1,826.9 billion. Therefore, the flourishing e-commerce industry is bolstering the growth of the call center outsourcing market. Now, onto the subject of the call center outsourcing market's growth being powered by an increase in cloud adoption. The term 'cloud' refers to a network of distant servers hosted on the internet, which are utilized for storing, managing, and delivering data, applications, and services to users and organizations. Use of cloud technology in call center outsourcing allows for a scalable framework to handle customer interactions and data, promotes remote work, improves service delivery flexibility, and helps to curb operational expenses. Additionally, it allows for live access to and analysis of data for superior customer service and performance monitoring. For instance, Eurostat, a Luxembourg-based intergovernmental organization, revealed in December 2023 that 45.2% of EU companies procured cloud computing services in 2023, up by 4.2 percentage points from 2021. Furthermore, 82.7% were using cloud solutions for email systems, 68% for file storage, about 66.3% for cloud-based office software, 61% for security applications, and around 43% had their databases hosted on the cloud. With this in mind, the increasing demand for cloud-based solutions is expected to drive the software as a service (SaaS) market's growth.

Which Companies Are Leading in the Call Center Outsourcing Market?
Major companies operating in the call center outsourcing market report are PLC, Telefónica S.A, Capgemini SE, Cognizant, Infosys BPM, Wipro, Teleperformance SE, Tech Mahindra, Concentrix, Arvato AG, Genpact, Conduent Inc., Comdata Group, Telus International, TTEC Holdings Inc., Alorica, Sutherland Global Services, WNS Global Services, TaskUs, Transcom WorldWide AB, Datamark Inc., Hinduja Global Solutions, IBEX Global Solutions PLC, Startek, VXI Global Solutions, Fusion BPO Services Limited, Arise Virtual Solutions Inc., LiveOps, Groupe Acticall S.A.

What Trends Are Expected to Dominate the Call Center Outsourcing Market in the Next 5 Years?
Key enterprises within the call center outsourcing market are increasing their investment in launching AI-powered real-time contact center solutions to boost their market earnings. By enabling agents to evaluate customer needs and emotions before providing real-time guidance, AI-based contact centers help them determine the most suitable response for their patrons. In October 2022, for example, the American software corporation Qualtrics introduced the Real-Time Agent Assist and Automated Call Summaries Solutions aimed at call centers. Leveraging AI and machine learning, these solutions provide bespoke coaching and advice to call center representatives during customer interactions. By scrutinizing real-time dialogues and presenting improvement cues, the real-time agent assist solution aids agents in enhancing their client support capabilities. Automated call summaries, on the other hand, create a summary of each client interaction, encompassing sentiment, discussed themes, and action points. Such insights can be applied to boost the agent's productivity while tracking the call center's overall effectiveness. Additionally, automated call summaries can seamlessly integrate into a company's CRM system providing a complete historical account of customer experiences and a unified source for all consumer records.

Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/call-center-outsourcing-global-market-report

What Are the Top Revenue-Generating Geographies in the Call Center Outsourcing Market?
North America was the largest region in the call center outsourcing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the call center outsourcing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Call Center Outsourcing Market?
2. What is the CAGR expected in the Call Center Outsourcing Market?
3. What Are the Key Innovations Transforming the Call Center Outsourcing Industry?
4. Which Region Is Leading the Call Center Outsourcing Market?

Why This Report Matters:

Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.

Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.

Efficient Research: Quickly identify market growth, leading players, and major segments.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.

Origin: