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2024-2025 Conversation Analytics for the Digital Era

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    Report

  • July 2024
  • Region: Global
  • DMG Consulting LLC
  • ID: 5985254

This Conversation Analytics for the Digital Era report includes detailed RFP questions and answers to provide the comparisons that contact center and IT leaders need to help them select the application and vendor that’s right for them.

The report features eight vendors - Calabrio, CallMiner, Five9, NICE, OnviSource, SESTEK, Verint, and Xdroid - that offer generative artificial intelligence (GenAI)-enhanced conversation analytics and related applications - real-time guidance (RTG), automated quality management (AQM), transcription, and automated post-interaction summarization - as part of a broader workforce engagement management (WEM)/customer experience (CX) offering, or as a best-of-breed solution. The Report also analyzes four vendors who offer standalone conversation analytics-related applications: Cresta, evaluagent, Observe.AI, and Quark.ai.

Side-by-side analyses of 140+ RFP questions and vendor responses enable end-users seeking a conversation analytics suite or related application to easily compare the most important features for their contact center’s success. (Vendor responses have been carefully reviewed and vetted by the research team of leading contact center technology and operations experts during in-depth live product demonstrations.) Check out two examples of RFP questions and vendor answers to see the value and detailed comparisons the Conversation Analytics for the Digital Era report delivers.

The report’s side-by-side analyses compare a wide range of information, including:

  • AI and GenAI technologies leveraged and how they’re used
  • Channels and languages supported
  • Query creation and optimization capabilities
  • Search, root cause analysis, discovery, trends, and issue identification
  • Sentiment analysis and emotion detection
  • AQM capabilities
  • RTG application details
  • Automated post-interaction summarization creation
  • Regulatory compliance features
  • Business intelligence, dashboards, and reporting environments
  • Packaged offerings
  • Pricing
  • And much more

The Report Includes:

  • Conversation analytics explained, top uses for historical and real-time conversation analytics, and a high-level overview of the key functional capabilities in the eight featured solutions
  • Market, business, and technology trends and challenges driving product innovations and influencing enterprise investments
  • Recently released vendor innovations, features, functionality enhancements, and near-term updates are planned for the next 12 - 18 months.
  • Insightful discussion on how AI is transforming conversation analytics into innovative business intelligence offerings that deliver critical insights into customer effort, sentiment, and satisfaction while changing and elevating the role of agents
  • Explanation of how AQM solutions deliver a comprehensive omnichannel approach to QM and improve agent coaching, performance, and engagement
  • Discussion of how RTG solutions are transforming the employee experience (EX) and elevating the CX while delivering quantifiable benefits in service, sales, and collections environments
  • Why transcription is being leveraged for a wide variety of use cases to improve insights, operationalize conversation analytics findings, and enhance the CX and EX
  • How automated post-interaction summarization is drastically reducing agent wrap-up time, improving disposition and documentation accuracy, and benefitting agents
  • Advantages of embedding conversation analytics into other systems to improve their insights and operationalize the findings more broadly throughout the enterprise
  • Market activity, market share analysis, and five-year projections
  • Review and assessment of the conversation analytics competitive landscape, including high-level company information and product overview of the core and optional modules offered in the eight featured conversation analytics solutions
  • Pricing comparison and analysis for a 250-seat cloud-based conversation analytics implementation, plus incremental costs (if applicable) for real-time conversation analytics, RTG, AQM, transcription, and automated post-interaction summarization
  • Detailed company reports for the 12 featured vendors offering conversation analytics, RTG, AQM, transcription, and automated post-interaction summarization, analyzing their products, functionality, and future product development plans
  • Conversation analytics vendor directory

Please note: 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
3. Research Methodology
3.1 Report Participation Criteria

4. Conversation Analytics Defined
4.1 Historical Conversation Analytics
4.2 Real-time Conversation Analytics
4.3 High-Level Functional Capabilities

5. Conversation Analytics Trends and Challenges
5.1 Conversation Analytics Trends
5.2 Conversation Analytics Challenges

6. Conversation Analytics Market Innovation
6.1 New Features
6.2 Emerging Capabilities

7. AI Supercharges Conversation Analytics
7.1 Generative AI
7.2 Emotion Detection and Sentiment Analysis

8. AQM: Achieving More with Less9. Real-Time Guidance: Automating Excellence and Driving Successful Outcomes10. Transcription11. Automated Post-Interaction Summarization12. Extending the Benefits of Conversation Analytics in the Enterprise13. Business Intelligence and Analytics14. Conversation Analytics Market Activity Analysis15. Conversation Analytics Market Projections
16. Conversation Analytics Competitive Landscape
16.1 Company Snapshot
16.2 Product Information

17. Conversation Analytics Pricing
17.1 Conversation Analytics Cloud-Based Pricing

18. Company Reports
18.1 Calabrio
18.2 CallMiner, Inc.
18.3 Cresta
18.4 evaluagent
18.5 Five9, Inc.
18.6 NICE
18.7 Observe.AI
18.8 OnviSource
18.9 Quark.ai
18.10 SESTEK
18.11 Verint Systems
18.12 Xdroid

19. Appendix
  • Conversation Analytics Vendor Directory
List of Figures
Figure 1: Historical and Real-Time Conversation Analytics Solutions
Figure 2.1: Interaction Analytics Fundamentals
Figure 2.2: Interaction Analytics Fundamentals
Figure 3: 2024 Conversation Analytics Trends
Figure 4: 2024 Conversation Analytics Challenges
Figure 5: New Product Features, by Vendor
Figure 6: Future Enhancements, by Category
Figure 7: AI-Enabled Conversation Analytics Applications Up the Game
Figure 8: Conversation Analytics-Related Use Cases for Generative AI
Figure 9: AI and Generative AI Technologies for Conversation Analytics.
Figure 10: Sentiment Analysis/Emotion Detection
Figure 11: AQM Provides Employee and Customer Analytics
Figure 12.1: Analytics-Enabled Quality Management (AQM)
Figure 12.2: Analytics-Enabled Quality Management (AQM)
Figure 13: Real-Time Guidance in Action
Figure 14.1: Real-Time Guidance (RTG) Capabilities
Figure 14.2: Real-Time Guidance (RTG) Capabilities
Figure 15.1: Transcription
Figure 15.2: Transcription
Figure 16: Automated Post-Interaction Summarization
Figure 17.1: Post-Interaction Summarization
Figure 17.2: Post-Interaction Summarization
Figure 18.1: IA Improves the Output of Third-Party Systems and Applications
Figure 18.2: IA Improves the Output of Third-Party Systems and Applications
Figure 19.1: Business Intelligence, Reporting, and Dashboards
Figure 19.2: Business Intelligence, Reporting, and Dashboards
Figure 20: Conversation Analytics Market Activity, as of December 31, 2023
Figure 21: Conversation Analytics Market Share Based on Seats, as of December 31, 2023
Figure 22: Conversation Analytics Customers and Seats by Vendor, 2023 vs. 2022
Figure 23: Conversation Analytics Customer Trends by Vendor, 2017 - 2023
Figure 24: Conversation Analytics Customer Trends by Vendor, 2017 - 2023
Figure 25: Conversation Analytics Seat Trends by Vendor, 2017 - 2023.
Figure 26: Conversation Analytics Seat Trends by Vendor, 2017 - 2023.
Figure 27: Conversation Analytics Market Growth Projections Based on Seats, 2024 - 2028
Figure 28: Conversation Analytics Competitive Landscape
Figure 29.1: Company Information as of December 31, 2023
Figure 29.2: Company Information as of December 31, 2023
Figure 30: Product Information
Figure 31: Pricing for a 250-Seat Cloud-Based Conversation Analytics and Related Applications Solution

Companies Mentioned

  • Calabrio
  • CallMiner, Inc.
  • Cresta
  • evaluagent
  • Five9, Inc.
  • NICE
  • Observe.AI
  • OnviSource
  • Quark.ai
  • SESTEK
  • Verint Systems
  • Xdroid