Asia-Pacific Contact Center Applications Market to See Buoyant Growth, Thanks to Analytics
The Californer/10114699

SANTA CLARA, Calif., Jan. 15, 2021 /PRNewswire/ -- Frost & Sullivan's recent analysis, Digitization and Cloud Migration Transforming Asia-Pacific Contact Center Applications Market, Forecast to 2026, finds that COVID-19 has accelerated the rate of migration from on-premise solutions to cloud-based services, given the need to provide outstanding customer experience (CX) remotely. Although the region is a price-sensitive market, the mature markets of Australia, New Zealand, Japan, Singapore, Hong Kong, South Korea, and Taiwan are ready to invest significantly to deploy cloud-based, sophisticated applications. However, required investments are higher in these countries than in China, India, Malaysia, Thailand, Indonesia and the Philippines. The buoyant market in the region comprised of on-premise and cloud applications is expected to grow from $719.5 million to $966.5 million by 2026 at a compound annual growth rate (CAGR) of 4.3%.

For further information on this analysis, please visit: http://frost.ly/51k

"From an application perspective, inbound contact routing (ICR) will continue to dominate the application market throughout the forecast period, whereas analytics will witness the strongest growth as contact centers will consider it a service differentiator," said Arpan Bid, Information & Communication Technologies Research Analyst at Frost & Sullivan. "Additionally, looking at adoption of contact center applications by vertical, the banking, financial services and insurance (BFSI) industry will be the leader in deploying contact center applications, followed by telecommunications."

More on The Californer

• Human Platelet Isolation Assay Kit
• San Jose: FLASH REPORT #149 - COVID-19 Response and Recovery
• San Francisco: Mayor London Breed Announces $500 Stimulus for Lower-Wage Workers and Families
• INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Infinity Q Capital Management LLC and Encourages Investors with Losses of $100,000 to Contact the Firm
• Get ready for Spring Break with a poem/potential song lyrics called "The New Coronavirus Blues"

Bid added, "Similarly, government and education, E-commerce, and healthcare are poised to be the fastest-growing sectors during the COVID-19 pandemic. The retail industry will grow relatively faster after the pandemic."

Ending lifecycles for existing vendor platforms, refreshing the applications of core segments, adding new channels and providing richer integrations will drive the APAC contact center applications market, presenting lucrative growth prospects for market participants, including:

• Introducing new technologies such as predictive analytics and machine learning to enhance capabilities, add value, and remain competitive.
• Encouraging contact centers to integrate systems and apps outside the contact center to support digital transformation strategies.
• Offering rich and easy-to-use contact center analytics capabilities as enterprises increasingly source end-to-end analytics solutions for their business needs.
• Providing work-from-home (WFH) solutions, AI-enabled bots, Robotic Process Automation (RPA), and automation tools as contact centers are compelled to increasingly invest in advanced tools to manage the fallout from the COVID-19 pandemic.

Digitization and Cloud Migration Transforming Asia-Pacific Contact Center Applications Market, Forecast to 2026 is the latest addition to Frost & Sullivan's Information & Communication Technologies research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.

More on The Californer

• Dermatologist Fabio Gontijo wins the attention of celebrities with infallible procedures for women's beauty
• Local Barbers Refuse To Stop Taking Walk Ins In 2021. What They Did Was Inevitable
• Bronx DWI Lawyer Announces New Website
• Recording Artist "Cherne" Crystal Brown auditions for Sony Music, Atlantic Records and Capitol Records and it doesn't stop there
• San Francisco: City Leaders Join Together to Announce Two New Initiatives to Prevent Recidivism and Gun Violence

About Frost & Sullivan

For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion

Digitization and Cloud Migration Transforming Asia-Pacific Contact Center Applications Market, Forecast to 2026

PB13

Contact:

Melissa Tan
Corporate Communications
T: +65 6890 0926
E: [email protected]

http://ww2.frost.com

SOURCE Frost & Sullivan

Related Links

https://ww2.frost.com/

---

Show All News | Report Violation