Interactive Voice Response Industry Growth Opportunities, Business Opportunity Analysis and Forecasts Report 2020-2027

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Status: In Progress  |  Genre: Other  |  House: Booksie Classic

The regional investigation of the interactive voice response market includes regions such as North America, Europe, Asia Pacific, and other global regions.

Market Scenario:

The emphasis on business process integration is estimated to drive the Interactive Voice Response Industry 2020.  The AI & analytics reports are produced by Market Research Future, which contains market alternatives for progress. The revenue base of USD 3.7 Billion at a 7% CAGR by 2023.

The developing cloud infrastructure is predicted to transform the interactive voice response market share in the approaching period. As enterprises are concentrating on minimizing cost, the spread of the interactive voice response market size is appraised to gain traction in the forecast period ahead.

 

COVID-19 Analysis:

The business impact of SARS-CoV-2 has been felt across diverse sections of the information technology industry, albeit at different levels. Companies in the technology sector that supply services for verticals like travel, retail, hospitality, and entertainment have noted a dramatic decrease in sales, while the firms that provide services related to remote worker solutions have observed the opposite. Interactive Voice Response Industry Leader fate post pandemic has been relatively less grim compared to Education Services (ES) and Professional Services (PS) that are mostly dependent on components that are generally on-site. Novel coronavirus has Interactive Voice Response Industry Leader to open new avenues for those firms that are on the lookout for solutions that are reliable, efficiently managed, scalable, and are subscription-based, to remain more focused on the core business. The Interactive Voice Response Industry Leader is bearing lesser impact of the COVID-19 outbreak compared to most other segments of the tech world.

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Competitive Outlook:

The outstanding companies in the interactive voice response market are West Corporation (U.S.), Nuance Communications, Inc. (U.S.), Convergys Corporation (U.S.), Genesys Telecommunication Laboratories, Inc. (U.S.), 8X8, Inc. (U.S.), Avaya Inc. (U.S.), Cisco Systems, Inc. (U.S.), AT&T Inc. (U.S.), Verizon Communications Inc. (U.S.), IVR Lab (U.S.) and others.

 

Segmentation:

The segmental study of the interactive voice response market is segmented on the basis of vertical, organization size, technology, service, application, solution, interactive voice response market deployment, and region. The segment of services in the interactive voice response market consists of maintenance & support, training & education, and installation. The organization size based segment of the interactive voice response market consists of large organizations and small & medium organizations. The solutions segment in the interactive voice response market comprises of outbound, call routing, and self-service. The technology segment in the interactive voice response market consists of text to speech, touch-tone based, and speech based. The deployment segment of the interactive voice response market consists of cloud and on-premises. The industry verticals segment of the interactive voice response market consists of consumer goods & retail travel, education & government, transportation & logistics, IT & telecommunication, healthcare, media & entertainment, and others.

Regional Analysis:

The regional investigation of the interactive voice response market includes regions such as North America, Europe, Asia Pacific, and other global regions. The North American region has the top market share in the interactive voice response market due to well-organized IVR systems implemented by telecommunication businesses, improved network organization, and huge adoption by small and large enterprises. The market of Asia-Pacific region is estimated to develop at the top CAGR due to elevated development prospective of IVR systems in diverse industry verticals that comprises of healthcare, telecommunication, BFSI, and government and public sector. The Asia Pacific regional market is projected to witness progress at the peak CAGR due to the capacity of IVR in the region’s swiftly developing economies. Likewise, the international business organizations are progressively putting up BPOs and other contact centers in the APAC region to control concentrated operational expenses and relatively low-priced labor, thus growing the region's market worth throughout the forecast period.

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Table of Contents:

1Executive Summary

2Scope of the Report

2.1Market Definition

2.2Scope of the Study

2.2.1Research objectives

2.2.2Assumptions & Limitations

2.3Markets Structure

3Market Research Methodology

3.1Research Process

3.2Secondary Research

3.3Primary Research

3.4Forecast Model

Continued….

 

 

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

 

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Submitted: May 24, 2021

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