United States/WA: The U.S. customer communication management market was estimated to account for US$ 573.4 Mn in terms of in 2019 and is expected to grow at a CAGR of 11.0% during the forecast period (2019 – 2027).
Report Pages:[120 Pages]
Major Companies involved in the U.S. customer communication management market are Newgen Software, HP Enterprise, Adobe Systems Inc., OpenText Corp., Doxee S.p.A., Xerox Corporation, EMC Corporation (Dell), Cincom Systems Inc., Oracle Corporation, and Pitney Bowes, Inc.
For instance, in January 2020, Newgen Software, an Indian business process management company, introduced OmniOMS 8.6, an improved version of the customer communication management suite.
Customer Communication Management (CCM) is an innovative form of technology that allows organizations for efficient management of customer interactions across various channels. This system includes tools and techniques that allow businesses to maximize customer satisfaction, thereby improving customer retention and productivity. A variety of Customer Communication Management (CCM) applications exist in the market today. There are several advantages of using a Customer Communication Management (CCM) system. Apart, from ensuring effective customer interactions, a good CMM solution also helps businesses in managing their internal communication requirements. A good CMM solution enables companies to streamline their workflow and improve internal efficiency by eliminating repetitive tasks, reducing errors, and increasing productivity. Below is an introduction to the Customer Communication Management (CAM) software. Customer Communication Management is a web-based application that helps businesses streamline their customer communication management requirements by providing comprehensive solutions across various channels. It allows customers to send feedback, post queries, file reviews, and rate products and services.
Rising focus on divergent and diverse communication channels is expected to accelerate growth of the U.S. customer communication management market during the forecast period. The introduction of innovative communication channels has improved customer communication significantly, making it more dynamic than ever. Today, customers can be connected across the globe due to numerous organizations laying emphasis on a variety of communication channels. The adoption of such channels is prominent in the U.S. due to the presence of supporting infrastructure and increasing incorporation of novel technology. Thus, these factors are expected to accelerate growth of the U.S. customer communication management market during the forecast period. Moreover, rising emphasis on multichannel output is expected to boost the U.S. customer communication management market growth in the near future.
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However, the low availability of skilled personnel coupled with concerns regarding the security of confidential data is expected to restrict growth of the U.S. customer communication management market in the near future. Besides, increasing adoption of CCM in the BFSI industry can offer significant business opportunities in the U.S. customer communication management market. Moreover, increasing focus on automated on-demand content delivery using NLP (natural language processing) can present is a key trend in the U.S. customer communication management market. Increasing demand for custom-made CCM solutions is also an emerging trend in the market.
Detailed Segmentation:
- Global Customer communication management Market, By Solution
- Software Suite
- Managed CCM Services
- Other Services (Consulting, Integration, and Maintenance)
- Global Customer communication management Market ,By Enterprise Size
- Large Enterprises
- Small and Medium Enterprises
- Global Customer communication management Market ,By Deployment Model
- Global Customer communication management Market ,By End-Use Industry
- Healthcare
- BFSI
- IT & Telecom
- E-commerce and Retail
- Hospitality and Travels
- Government & Utilities
- Others (Education, Entertainment, and Media)
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