CCaaS Vendors Embrace AI to Revolutionize Contact Center Technology
The future of contact center technology is in the cloud and contact center as a service (CCaaS) vendors are leading the way. Like everywhere else, artificial intelligence (AI), including generative AI, is speeding up innovation and adoption in the CCaaS market and is already delivering quantifiable benefits that increase productivity, improve self-service capabilities, and enhance the customer and employee experience (CX/EX).
The CCaaS market continues to thrive despite the somewhat challenging macro-economic conditions. Rapid growth is being driven by the recent adoption of cloud holdouts, including large financial services institutions; ongoing seat expansions from many existing customers; a strong replacement cycle of earlier-generation CCaaS solutions; and increased deployments outside North America.
The 2023-2024 Contact Center as a Service Product and Market Report analyzes 7 leading and contending vendors: Cisco, Five9, LiveVox, NICE, Odigo, Puzzel, and UJET. (On October 4, 2023, NICE announced their intention to acquire LiveVox.) Call Center Studio, an emerging vendor and new participant, is covered at a higher level. Contact center, IT, and enterprise leaders can use this report to identify the right platform, functionality, and partner to meet their organization’s current and future CCaaS needs.
Key Findings
- CCaaS vendors are rapidly adopting AI and incorporating it throughout their solutions to enhance their capabilities and assist customers and agents
- Sales and technology partnerships have been key to the CCaaS market’s success, a trend the analyst expects to gain momentum, as sales partnerships are greatly expanding the domestic and international reach of CCaaS vendors. Additionally, incorporating third-party systems and applications, particularly AI, has proven to be a highly effective method of quickly bringing new capabilities to market
- Enterprises are asking their CCaaS vendors for help in improving the CX and EX; the vendors are responding by delivering enhancements to improve both self-service and live agent interactions
- Leading CCaaS vendors are enhancing their communications platform as a service (CPaaS) capabilities, increasing the number of out-of-the-box integrations and making it easier to incorporate third-party applications into their platforms
- The analyst expects the CCaaS market to begin consolidating, making it more critical for enterprises to select well-funded vendors who are investing heavily in their future
- The CCaaS market is expected to continue to grow rapidly during the next 3 to 5 years
This report includes:
- Overview of the functional components of CCaaS solutions
- Market and business trends and challenges driving enterprise investments and influencing product development
- Market innovations, including a review of recently introduced functionality and what’s planned on the product roadmap for the next 12-18 months
- Examination of how AI and automation are being leveraged in the featured CCaaS platforms
- Analytics- and AI-enabled applications that facilitate an intent-based, outcome-driven approach for elevating the CX
- An insightful look at the real-time tools transforming the agent experience and improving quality and productivity while enhancing the CX
- Review and assessment of the CCaaS competitive landscape
- High-level functional and technical overview
- Implementation analysis, including vendor implementation methodology and best practices, professional services, training and workshops, end-user and IT resources required to implement and maintain the solution, return on investment (ROI) time frame, and service level agreements (SLAs)
- Customer satisfaction survey results that measure and rank the vendors across 7 platform features, 10 product features, 5 WEM applications, and 12 vendor categories
- Vendor pricing structure and a breakdown of one-time and ongoing costs for a 250-seat voice-only, omnichannel, and digital-only solution, including incremental costs for workforce management (WFM), interaction analytics (IA), analytics-enabled quality management (AQM), and surveying
- Detailed company reports analyzing the products, functionality, and near-term research and development (R&D) plans of the 8 CCaaS solution providers covered in this report
- CCaaS Vendor Directory
A customer license letter agreement needs to be signed prior to delivery of this product. This letter will be sent to you via email after your order is placed.
Table of Contents
1. Executive Summary2. Introduction
Companies Mentioned
- Call Center Studio
- Cisco
- Five9
- LiveVox
- NICE
- Odigo
- Puzzel
- UJET