IMARC Group, a leading market research company, has recently releases report titled “Customer Self-Service Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global customer self-service software market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
What is the Prediction for Customer Self-Service Software Market?
The global customer self-service software market size reached US$ 12.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 43.3 Billion by 2028, exhibiting a growth rate (CAGR) of 21.5% during 2023-2028.
What is Customer Self-Service Software?
Customer self-service software refers to a set of tools and technologies that enable customers to access and manage services and information and support independently without the need for direct assistance from customer service representatives or agents. It empowers customers to resolve issues, find information, and perform transactions on their own terms, at their convenience. Customer self-service software encompasses various channels and applications, including web portals, mobile apps, interactive voice response (IVR) systems, chatbots, and knowledge bases. One of the key components of customer self-service software is the provision of a user-friendly interface that allows customers to navigate and access the resources they need easily. This may include features, such as search functionality, categorized information, step-by-step guides, and frequently asked questions (FAQs). The software aims to provide a seamless and intuitive experience, ensuring that customers can find the answers or solutions they seek quickly and efficiently.
Customer self-service software offers several benefits both to businesses and customers. For businesses, it helps reduce the volume of incoming customer inquiries and support requests, thereby decreasing operational costs and freeing up resources. It also enables companies to scale their customer support operations more effectively by automating routine tasks and providing 24/7 availability. From the customer’s perspective, self-service software provides convenience, as they can access information and assistance whenever they need it, without being dependent on customer service operating hours. It empowers customers to resolve simple issues or perform routine tasks independently, leading to faster response times and greater control over their interactions with the company. Moreover, customer self-service software promotes customer satisfaction and engagement by delivering a personalized and interactive experience. It allows customers to access their account information, track orders, make changes to their profiles, and carry out transactions seamlessly. It also enables proactive notifications, alerts, and updates, keeping customers informed and engaged with relevant information.
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What Are the Growth Prospects and Trends in the Customer Self-Service Software Market?
The rising focus of organizations on delivering instant information as a part of the efforts to encourage productivity and operating efficiency represents a key factor driving the market growth across the globe. This, coupled with the increasing demand for 24/7 customer support is acting as a major growth-inducing factor. In line with this, the significant need to create better relationships with consumers and increase the level of customer experience to maintain the existing consumer base as well as attract new ones is contributing to the growth of the market. The market is also driven by the increasing demand for efficient services through multiple touchpoints, including smartphones and the Internet among consumers. Other factors, such as the rising preference for self-service among customers, advancements in artificial intelligence (AI) and chatbot technologies, the increasing penetration of mobile devices and the digital transformation of various industries, and cost reduction and operational efficiency, are creating a positive outlook for the market further across the globe.
Who Are the Key Players Operating in the Customer Self-Service Software Industry?
The competitive landscape of the industry has also been examined along with the profiles of the key players.
- Aspect Software Inc.
- Avaya Inc.
- BMC Software Inc.
- HappyFox Inc.
- Microsoft Corporation
- Nuance Communications Inc.
- Oracle Corporation
- Com Inc.
- SAP SE
- Verint Systems Inc.
- Zappix Inc
- Zendesk Inc.
- Zoho Corporation Pvt. Ltd.
What is Included in Market Segmentation?
The report has categorized the market based on solution, service, deployment, end use and region.
Breakup by Solution:
- Web Self-Service
- Mobile Self-Service
- Intelligent Virtual Assistants
- Social Media and Community Self-Service
- Email Management
- IVR and ITR
- Others
Breakup by Service:
- Professional Service
- Managed Service
Breakup by Deployment:
- Cloud-based
- On-premises
Breakup by End Use:
- BFSI
- Manufacturing
- Retail and E-commerce
- Media and Entertainment
- IT and Telecommunication
- Healthcare
- Government
- Others
Regional Analysis:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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