The Europe Call Center AI Market would witness market growth of 23.3% CAGR during the forecast period (2021-2027).
One of the primary factors driving the growth of the call center AI market is the increase in data collection among various organizations. Moreover, there is a growing customer support involvement via social media platforms and the usage of artificial intelligence (AI) by businesses to provide better customer support services. The market is witnessing integration of numerous trending technologies like IoT devices, 5G, and the cost-efficiency and adaptability provided by cloud-based arrangements.
In addition, urbanization and digitalization, as well as acceptance of modern technologies, are having a beneficial impact on the call center AI industry. Moreover, improvements in AI and ML, as well as the integration of gesture recognition features into AI-based Chatbots or IVAS, provide profitable prospects for market players in the upcoming years.
British United Provident Association Limited (Bupa), a UK-based insurance company, implemented AI in its call center in July 2019. The company has launched an automated caller ID service that employs machine learning and speech recognition to authenticate caller identity, reply to customer inquiries, and learn from previous interactions. Since its inception, 85 percent of callers have preferred to use the automated option to effectively connect with agents.
The Germany market dominated the Europe Call Center AI Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $313.5 million by 2027. The UK market would witness a CAGR of 22.4% during (2021 - 2027). Additionally, The France market is anticipated to grow a CAGR of 24.2% during (2021 - 2027).
Based on Deployment Type, the market is segmented into Cloud and On-Premise. Based on End User, the market is segmented into Telecom, BFSI, Travel & Hospitality, Retail & Ecommerce, Media & Entertainment, Healthcare, and others. Based on Component, the market is segmented into Solution, Compute Platforms, and Services. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Call Center AI Market Size will Hit $4.7 Billion by 2027, at a CAGR of 24.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Reliance Industries Limited (Jio Haptik technologies limited), Artificial Solutions International AB, Conversica, Inc., Rulai, Inc., Kore.ai, Inc., Pypestream, Inc., Infosys Limited (EdgeVerve Systems), Avaamo, Inc., and NICE Ltd. (inContact, Inc.).
By Deployment Type
By End User
By Component
By Country
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