Cloud-based Contact Center Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The market is segmented by Type (Automatic Call Distribution, Agent Performance Optimization, and Dialers), Services (Managed Services and Professional Services), End-user Industry (BFSI, IT and Telecom, Media and Entertainment, Retail, and Consumer, Logistics and Transport, Healthcare, and Other End-user Industries), and Geography.

Cloud Based Contact Center Industry Overview

Cloud Based Contact Center Market Summary
Study Period: 2018 - 2028
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 21.8 %

Major Players


*Disclaimer: Major Players sorted in no particular order


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Cloud Based Contact Center Market Analysis

The cloud-based contact center market was valued at USD 16106.5 million in 2020, and it is expected to reach USD 51830.73 million by 2026, at a CAGR of 21.8% over the forecast period (2021 - 2026). Legacy contact centers operate on older technologies that cannot support newer channels, such as social media, mobile app chats, and videos. Cloud-based contact centers can help companies meet these demands.

  • Modern channels can be integrated by using communication application programming interfaces (APIs). Analytics-led insights can then be applied to deliver context-rich and personalized customer experiences. Moreover, as there is no centralized workplace, agents can operate remotely to offer round-the-clock customer care service.
  • Cloud-based call centers are slowly substituting the on-premise call centers. According to the State of Customer Experience 2018, the migration of 39% contact centers in the United Kingdom to cloud with 57% of them chalking out an action plan to move to cloud-based call centers within the next three years, indicates the potential for the overall market.
  • Cloud contact centers have become a necessary step for companies to adopt a systematic approach that enhances performance, channels support and engagement, reporting, and analytics to successfully support a customer base, where customer preferences keep changing. The challenge for enterprises lies in choosing the right cloud contact center solution and strategic partner to achieve these goals.
  • Due to the ongoing outbreak of COVID-19, customers across the industries are trying to cope up with the impact caused by COVID-19. Customers need information about healthcare concerns, newly remote workers require tech assistance for staying connected, and investors are concerned about the performance of their portfolios. Hence, due to this pandemic situation, the contact center industry is experience increased in the number of the call.

Cloud Based Contact Center Industry Segments

Cloud-based contact centers are basically defined as a network-based service in which the cloud services provider owns and operates the technology pertaining to contact centers. The study characterizes cloud-based contact centers based on type, service, and the end-user industry. The scope of the study is currently focused on key regions, such as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

By Type
Automatic Call Distribution
Agent Performance Optimization
Interactive Voice Response
Computer Telephony Integration
Analytics and Reporting
By Service
By End-user Industry
Banking, Financial Services and Insurance (BFSI)
IT and Telecom
Media and Entertainment
Logistics and Transport
Other End-user Industries
North America
Latin America
Middle East & Africa

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Cloud Based Contact Center Market Trends

This section covers the major market trends shaping the Cloud Based Contact Center Market according to our research experts:

BFSI to Witness the Highest Growth Rate over the Forecast Period

  • The BFSI sector is expected to witness significant growth for cloud-based contact centers. Many financial institutions are adopting cloud-based solutions in order to make the facilities convenient. The banking industry is becoming digital, with the increased adoption of cloud platforms.
  • For instance, Ameyo, a computer software enterprise, offers cloud-based contact center software for the banking sector. According to Ameyo, the customer base for BFSI companies is becoming huge, thus creating the need for high levels of customer service. The customer interactions in the Banks and other Financial Institutions are very sensitive. It requires a sophisticated customer interaction software that helps to store, process, and analyze the data in an efficient and cost-effective manner.
  • According to Financial News London, 80% of a bank’s IT spending is on legacy technology maintenance, and up to USD 300 million is spent every year managing and maintaining these disparate systems. This factor is forcing banks to invest in a cloud solution, whether it be on-premises or private and public cloud services, to achieve greater scalability and integrated communication between disparate systems.
Cloud Based Contact Center Market : On-Premise Vs Cloud-based Contact Centers

Europe is Expected to be the Fastest Growing Market

  • Europe acts as the headquarter of some of the most important tech hubs in the world and a significant driver and adopter of modern technology. Cost and compliance concerns in the region have driven many organizations to migrate to the cloud and enable employee mobility.
  • For instance, many European countries are investing heavily in its digital infrastructures, but private and public initiatives have been launched to fill the skills gap and also accelerate the rate of cloud adoption. For instance, the governments of Bulgaria, Poland, and Romania have committed to enhancing their digital infrastructures, while the government of Ukraine is well ahead of its target to double the spending on ICT research and development by 2020.
  • Call centers are an important part of many industries in the United Kingdom. It is expected that nearly one in five call center agents in the United Kingdom work in the finance sector, which is responsible for 18% of the entire workforce. Numerous other sectors are also significant in the UK call center industry, including telemarketing, public sectors, IT and telecommunications, and utility providers. Moreover, the contact center sector continues to grow in Spain.
  • According to the Germany Trade and Invest (GTAI), the German contact center industry is booming, and helping companies worldwide with its CRM needs in Europe and abroad. Hence, with the adoption of cloud-based services across Germany, the United Kingdom, and Spain, the European market is expected to grow during the forecast period.
Cloud Based Contact Center Market : Cloud-Based Contact Center Market Growth Rate by Region (2020-2025)

Cloud Based Contact Center Market Competitor Analysis

The competitive rivalry in the market is high with the presence of large cloud players, such as Amazon Web Services, among the pure-play contact center solution providers, like Genesys Telecommunications Laboratories Inc. R&D investments and continuous software upgrades characterize the rivalry. Many global players are concentrating on mergers, acquisitions, and partnerships for sustaining in the competitive environment of the cloud-based contact center.

  • April 2019 - ZephyrTel announced that it signed a telecom-focused strategic collaboration agreement with Amazon Web Services (AWS) to migrate ZephyrTel solutions to AWS, including OASIS Cloud Contact Center.
  • September 2019 - Avaya rolled out new features to its Cloud-based Contact Center offerings. These include (a) Avaya IX Teamspace provides media chat and messaging capabilities among customers, agents and back-office staff, (b) Avaya IX Dashboard, an open, modular dashboard that delivers a snapshot of the performance of the customer journey and associated customer experience with improved analytics, (c) Agent Scripting - a browser-based call-flow scripting platform that provides the ability to define inbound and outbound call flows.

Cloud Based Contact Center Market Top Players

  1. Genesys Telecommunications Laboratories Inc.

  2. 3CLogic Inc.

  3. Avaya Contact Center (Avaya Group)

  4. RingCentral Inc.

  5. Connect First Inc.

*Disclaimer: Major Players sorted in no particular order

Cloud Based Contact Center Market Concentration

Cloud Based Contact Center Market Report - Table of Contents





    1. 4.1 Market Overview

    2. 4.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.2.1 Threat of New Entrants

      2. 4.2.2 Bargaining Power of Buyers/Consumers

      3. 4.2.3 Bargaining Power of Suppliers

      4. 4.2.4 Threat of Substitute Products

      5. 4.2.5 Intensity of Competitive Rivalry

    3. 4.3 Introduction to Market Drivers and Restraints

    4. 4.4 Market Drivers

      1. 4.4.1 Increasing Demand for Cloud-based Solutions

      2. 4.4.2 Reduced Capital Expenses and Faster Deployment of Cloud Contact Center

    5. 4.5 Market Restraints

      1. 4.5.1 Security Concerns Regarding Cloud-based Solutions


    1. 5.1 By Type

      1. 5.1.1 Automatic Call Distribution

      2. 5.1.2 Agent Performance Optimization

      3. 5.1.3 Dialers

      4. 5.1.4 Interactive Voice Response

      5. 5.1.5 Computer Telephony Integration

      6. 5.1.6 Analytics and Reporting

    2. 5.2 By Service

      1. 5.2.1 Professional

      2. 5.2.2 Managed

    3. 5.3 By End-user Industry

      1. 5.3.1 Banking, Financial Services and Insurance (BFSI)

      2. 5.3.2 IT and Telecom

      3. 5.3.3 Media and Entertainment

      4. 5.3.4 Retail

      5. 5.3.5 Logistics and Transport

      6. 5.3.6 Healthcare

      7. 5.3.7 Other End-user Industries

    4. 5.4 Geography

      1. 5.4.1 North America

      2. 5.4.2 Europe

      3. 5.4.3 Asia-Pacific

      4. 5.4.4 Latin America

      5. 5.4.5 Middle East & Africa


    1. 6.1 Company Profiles

      1. 6.1.1 Avaya Contact Center (Ayaya Group)

      2. 6.1.2 RingCentral Inc.

      3. 6.1.3 Genesys Telecommunications Laboratories Inc.

      4. 6.1.4 3CLogic Inc.

      5. 6.1.5 Connect First Inc.

      6. 6.1.6 Five9 Inc.

      7. 6.1.7 Mitel Networks Corporation

      8. 6.1.8 Aspect Software Parent Inc.

      9. 6.1.9 8X8 Inc.

      10. 6.1.10 Avaya Holdings Corp.

      11. 6.1.11 NICE inContact

      12. 6.1.12 Teleforge Corporation

      13. 6.1.13 1Stream Inc.

      14. 6.1.14 AVOXI Inc.

      15. 6.1.15 Odigo SAS

    2. *List Not Exhaustive


**Subject to Availability
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Cloud Based Contact Center Market Research FAQs

The Cloud-based Contact Center Market is studied from 2018 - 2028.

The Cloud-based Contact Center Market is growing at a CAGR of 21.8% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2018 - 2028.

North America holds highest share in 2021.

Genesys Telecommunications Laboratories Inc., 3CLogic Inc., Avaya Contact Center (Avaya Group), RingCentral Inc., Connect First Inc. are the major companies operating in Cloud-based Contact Center Market.

Cloud-based Contact Center Industry Reports

In-depth industry statistics and market share insights of the Cloud-based Contact Center sector for 2020, 2021, and 2022. The Cloud-based Contact Center research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the Cloud-based Contact Center report PDF.

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