Cloud telephony is set to reach a value of US$42 billion by 2026

Spearline

between 2018 and 2026. million by 2026. As we’ve blogged about before, migrations to the cloud are well underway for contact centres worldwide. Projected growth of cloud telephony. Now, recent research by Transparency Market Research has confirmed the mass migration is set to continue, with cloud telephony forecast to grow at a compound annual growth rate of 17.2% This leaves them predicting that cloud telephony services market revenue will reach US$ 41,768.3

voip 40

LIVE COMMERCE: How BPO / Outsourcing Companies Can Support Commerce as an EVENT

Anexa BPO

Analysis indicates that live-commerce-initiated sales could account for 10-20% of all ecommerce by 2026. The world of commerce has seen a dramatic new format – one that blends entertainment with interactive and instant purchasing.

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E-commerce Statistics You Should Know in 2021

JivoChat

The e-learning sector is expected to grow 8% by 2026. billion by 2026 — a CAGR of 12.3% from 2020 to 2026. The e-commerce sector had been steadily growing in the years before the pandemic, and COVID-19 accelerated its growth.

Empirix Launches New Hammer Partner Program to Capitalize on the Growth of the Contact Center as a Service Market (CCaaS)

CSM Magazine

For the last 12 months, the percentage of our business that comes from the channel has consistently grown and we believe that becoming a 90% channel centric business by 2026 is both achievable and beneficial to us and our partner community,” concludes Dominic Kleiren.

Tips for How to Get a Job in Software Development with Origin Code Academy

Mindtouch

Bureau of Labor Statistics , the job market for software developers is expected to grow 24 percent from 2016 to 2026. The job market for software developers is expected to grow 24 percent from 2016 to 2026. There’s a burning question floating around out there, one we hear a lot here at MindTouch. How, oh how to get a job in software development? It’s a question on a lot of people’s minds, especially as this field continues to grow in demand.

More than just skin deep

TMP Direct

The global beauty and personal products market is nearly $400 billion, and expected to grow to more than $700 billion by 2026. Consumers are placing more value on health and wellness these days, and the definition of health and wellness has evolved.

Voice and Digital Transformation in 2021

3CLogic

A recent Fortune Business Insights report projects the global speech and voice recognition market to reach $28 Billion by 2026. In this 3CLogic Fireside Chat video, Observe.AI's

Call Center Statistics You Should Know

Callminer

billion by 2026, registering a healthy CAGR in the forecast period of 2019-2026.

InMoment Acquires MaritzCX to Create Future of Work and CX Powerhouse

inmoment

It’s one of the reasons the Customer Experience Management market is expected to grow significantly over the next six years, reaching nearly $24 billion by 2026 , as businesses invest in technology to measure customer experience and feedback.

34 Key Contact Center Stats – Track Your Success in 2020

Babelforce

Automation through the use of AI and Bots is set to grow by close to 900% by the year 2026, making it a USD $10 billion industry. 2020 is speeding by – and it hasn’t been easy for anyone. So what does success look like in a year when the rules went out the window?

Global Customer Self-Service Software Market Is Booming With an Annual Growth Rate of 18.4%

Answer Dash

in the forecast period of 2019 to 2026. The global customer self-service market is booming, with a compound annual growth rate (CAGR) of 18.4%. In other words? Self-service is taking over and becoming a key player in the customer service market, and both companies and consumers should take notice. Here’s everything you need to know. The AI Self-Service Category is Growing Self-Service: The Basics First: what are we talking about when we discuss AI self-service?

CLI’s Video Remote Interpreting Language List Doubles to Keep Up with Demand

Certified Languages International

The outlook for interpreters looks good — according to the Bureau of Labor Statistics, employment for interpreters and translators is expected to grow by 18% through 2026. When clients approach us with the need for interpreters in a new language, we listen. In addition to the dozens of new client-requested languages we’ve added to our over-the-phone interpreting (OPI) language list, we’re expanding our video remote interpreting (VRI) roster, as well.

A Brief History of Speech Recognition and How It Benefits Businesses

Noble Systems

The Global speech recognition market is expected to see a CAGR of more than 20% through 2026. Speech Technologies encompass a broad scope of tools. Conversation Analytics is just one piece of the puzzle.

For Technical Writers, The Future Looks Bright

Mindtouch

Employment of technical writers is projected to grow 11 percent from 2016 to 2026, faster than the average for all occupations. It’s no secret that we’re partial to our friends in the knowledge base and support ecosystem. Technical writers, especially. The help content they create is, after all, central to a successful self-service support model.

Humans vs. AI in Customer Service … It’s Complicated

Fonolo

Bureau of Labor Statistics projects banks will eliminate more than 40,000 positions in the decade through 2026 … Yet, in interviews and anecdotally, a more nuanced picture emerges … as customers turn to mobile phones for routine financial services, tellers are being upgraded, taught to pitch loans, guide local entrepreneurs and offer technical support. We got a lot of feedback on last week’s blog , both in private and in public (see this thread on LinkedIn, for example).

HIMSS 2019: Healthcare’s Next Big Moves

Revation Systems

healthcare economy by 2026. Advancements in technology have significantly changed all aspects of the healthcare industry, resulting in higher-quality, more convenient care to patients. From the process of scheduling an appointment with a provider in real-time through text message, to accessing medical records on a secure portal from a mobile device, to remote monitoring symptoms of patients with chronic conditions, technology has reshaped the healthcare experience.

Why Every SaaS Company Should Invest in Customer Success

SmartKarrot

It has a huge market size of USD 158 Billions in 2020 and is expected to grow to USD 307 Billions by 2026. Churn is a major problem for businesses in the SaaS industry. Although it existed in earlier businesses too, the scale at which it occurred was within an acceptable limit.

SaaS 52

Humans vs. AI in Customer Service … It’s Complicated

Fonolo

Bureau of Labor Statistics projects banks will eliminate more than 40,000 positions in the decade through 2026 … Yet, in interviews and anecdotally, a more nuanced picture emerges … as customers turn to mobile phones for routine financial services, tellers are being upgraded, taught to pitch loans, guide local entrepreneurs and offer technical support. We got a lot of feedback on last week’s blog , both in private and in public (see this thread on LinkedIn, for example).

4 trends forcing companies to compete on customer experience

aircall

By 2026, that average tenure is expected to shrink to just 14 years. What gives your company its competitive advantage? Inside most organizations, the assumed answer still falls into one of these four categories: Superior products. Cheaper prices. Smarter promotions. Better placements. But as marketers debate which of The 4 Ps will deliver their big break, the marketplace is pointing toward an inconvenient truth: Sooner or later, every business will have to compete on customer experience.

How an SMS Bot can revolutionise the education industry

JustCall

education market was valued at around USD 1,350 billion in the year 2017 and it is expected to reach approximately USD 2,040 billion by 2026. A report by Zion Market Research states that the U.S. Parents are always going to want their children to be educated. Promises of providing education to all are what gets governments elected. Countries are run by educated and intelligent professionals. Clearly, the education industry is immortal. .

Spearline and Amazon Web Services Partnership

Spearline

The cloud telephony services market is expected to reach 42 billion dollars by 2026. Technology has revolutionized the way in which modern organizations do business. Cloud computing has driven down Information Technology costs and helped companies across all industries increase their flexibility and productivity.

How to Tackle the Challenges of Managing a Multi-Generational Workforce: 2 Challenges (and Advantages) to Managing A Call Center Composed of Workers Across Different Generations

SharpenCX

It’s projected the total labor force will increase by nearly 7% from 2016 to 2026. You’re in a meeting with some co-workers and one of the older team members in the room says “Daaaa Bearsss!” A rise of laughter erupts from a handful of other employees.

48 retail survey questions for the customer feedback you need

delighted

However, while it’s projected that as many as 75,000 retail stores could close their doors by 2026, analysts still expect that 75% of retail buying in 2026 will still happen in physical stores. With retail stores filing for bankruptcy and closing left and right (Barney’s, Forever 21, Toys R Us, Sears, etc.), it’s evident that retail shopping is going through a change: the so-called “ retail apocalypse.”.

Optimizing Call Center Customer Support for Increased Revenue

Tenfold - Contact Center Blog

Wikibon predicted that enterprise cloud spending is growing at a 16% compound annual growth (CAGR) run rate between 2016 and 2026. ? Organizational success and long-term growth primarily depends on customer satisfaction and loyalty, and customer service has always supported corporate growth by keeping customers happy and ensuring their ongoing loyalty.

Delighted's retail customer experience guide for 2020 and beyond

delighted

According to the Washington Post, 75,000 brick and mortar stores are expected to close by 2026. Historically, the backbone of retail has been predicated around selling goods from a physical location. In the pre-internet days, department, warehouse, discount, big box, and mom-and-pop stores were where consumers would purchase goods for personal use. Retail customer experience was predicated around these physical elements and touchpoints: Are the employees helpful?