Customer Service Software Market

Customer Service Software Market: Global Industry Analysis 2013 - 2017 and Opportunity Assessment; 2018 - 2028

  • Ongoing
  • May 2020
  • REP-GB-7853
Customer Service Software Market

  • US$5,000
  • US$7,500
  • US$10,000

This Customer Service Software market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Customer Service Software market.

Customer Service Software Market: Introduction

The increasing need for real-time problem solving and strong relationship building with customers are fueling the demand for customer service software market. Customer service software enables to track, organize and manage customer request using a single platform. Customer service software consolidates the issues and chats and enhances CRM and sales with more insights and personalized campaigns. The main features of the customer service software are ticketing system, social post, calls, transform customer emails, chat messages, and others and direct it to agents for immediate resolution. Components of customer service software are service desk, help desk, IT/IS support, technical support, support center, customer support center, customer service center, call center, and contact center. The major advantages of customer service software are real-time problem solving, sales and lead generation, relationship building, getting customer feedback, real-time analytics, improved communication with team and customers, stronger collaboration, increase support efficiency, improved customer loyalty, and others.

The three major components considered while buying customer service software are supported style, usability, and price. Customer service software support style includes features such as live chat, email and call support, comprehensive knowledge-based article, or a combination of all of these. Customer service software usability includes intuitive User Interface (UI) with limited requirement of training. Overall cost of customer service software is another important parameter and the purchase decision is based on the features and services offered to the customers of customer service software. Other features of customer service software include clean interface, language support, custom preferences, custom fields, internal communication and collaboration tool, knowledge-based content management system, personalized customer service, remote customer service, social media customer service, and others. The customer service software market is expected to grow at a CAGR of around 17% during the forecast period. Several developments in customer service software, with reference to technology, the proliferating growth rate of the market, along with the recent developments and innovations are expected to drive the global customer service software market during the forecast period.

Market Growth Analysis

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

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Customer service software Market: Drivers and Challenges

Continuous improvements in cloud technology along with features such as smart support, enhanced CRM, reduced cost, and time efficient process is driving the global customer service software market. Increasing trend of automated workflow is driving the global customer service software market. Other factors such as increasing ICT spending, continuous improvement in cloud technology and rising number of customer-facing business are expected to have a positive impact on the growth of global customer service software market.   

One of the major factors hindering the growth of the global customer service software market is the insufficient data provided by customers while raising tickets. It becomes difficult for service providers to understand the issue. However, vendors are continuously focusing on developing customer service software with mandatory data fields to be filled by customers for a better understanding. It is expected that the vendors will overcome the restraints mentioned above during the forecast period with respect to the global customer service software market.

Customer Service Software Market: Key Players

Some of the key players of customer service software market are LiveChat, Inc., Genesys, Atlassian, Zendesk, Freshworks Inc., HappyFox Inc., Kayako, Zoho Corporation Pvt. Ltd., SolarWinds Worldwide LLC, and others.

Customer Service Software Market: Regional Overview

North America and Western Europe are expected to have the major market share of the global customer service software market. U.S. is witnessing a huge adoption of customer service software due to the high concern about customer relationship and the availability of advanced IT infrastructure. SEA and Other APAC countries are expected to have high Y-o-Y during the forecast period due to continuous developments in emerging countries such as India and China.   

The report covers exhaustive analysis on:

Customer Service Software Market Segments

  • Market Dynamics
  • Historical Actual Market Size, 2013 - 2017
  • Market Size & Forecast 2018 to 2028
  • Value Chain
  • Market Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Market Drivers and Restraints

Regional analysis for Customer Service Software Market includes development in the following regions:

  • North America
    • US
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Western Europe
    • Germany
    • France
    • U.K.
    • Spain
    • Italy
    • Nordic
    • Rest of Western Europe
  • Eastern Europe
    • Russia
    • Poland
    • Rest of Eastern Europe
  • SEA and Other APAC
    • Australia and New Zealand (ANZ)
    • India
    • ASEAN
    • Rest of SEA
  • Japan
  • China
  • Middle East and Africa
    • GCC Countries
    • Other Middle East
    • North Africa
    • South Africa
    • Others

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Customer Service Software Market: Key Segmentation

Customer service software market segmentation based on deployment:

The customer service software market is segmented based on;

  • On premise
  • SaaS-based

Customer service software market segmentation based on enterprise type:

The customer service software market is segmented based on;

  • Small and Medium Enterprise
  • Large Enterprise

Customer service software market segmentation based on the component:

The customer service software market is segmented based on;

  • Software
  • Services

Customer service software market segmentation based on industry:

The customer service software market is segmented based on;

  • Government
  • Manufacturing
  • Financial
  • Internet & Telecom
  • Others

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics of the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and product offerings
  • Potential and niche segments/regions exhibiting promising growth
  • A neutral perspective towards market performance
  • Must-have information for market players to sustain and enhance their market footprint
Frequently Asked Questions

What research methodology is used to develop the Customer Service Software Market report?
  • FMI utilizes three branched methods to derive market measurements used to compile any report study (data derivation, triangulation and validation).
  • These approaches include accumulating data from both primary and secondary sources
  • Primary research involves interviews with industry operators and FMI's network of contacts spanning the world's value chain of the Customer Service Software Market. This is supported by a comprehensive literature analysis of information gathered through secondary sources
  • Analysis of several middle market stakeholders for country-wise data

In addition to up-to-date market figures and customized of the Customer Service Software Market, FMI offer consulting services to help businesses within industry navigate challenges and take well-informed decisions amidst the breakneck competition.

  • Most of the competitors are segregated according to their market share in 'Tier' wise statures.
  • Global market participants are scrutinized and global competition metrics are included with numerous competitor profiles referring to their business background and go-to market strategies.
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Akshay Godge

Akshay Godge

Client Partner - Global Business Development

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