Report ID: SQMIG45D2138
Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Cloud Based Contact Center Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Cloud Based Contact Center industry players.
The global cloud-based contact center market is witnessing strengthened competition among major players. These players are adopting innovative strategies for improving customer experience and operational efficiency. For instance, Verizon has incorporated Google's Gemini AI assistant in 2024 due to which around a 40% increase in sales and allowed agents to deal with customer queries more efficiently.
The major industry developments also took place which include talk desks around the $5.1 billion acquisition of Amelia AI in October 2023, which aims to boost cell service and agent assisted customer experiences. Furthermore, Five9's around $1.2 billion Acquisition of altitude software in November 2023 has strengthened its presence in the European region.
These strategic actions reflect a competitive environment centered on AI integration, strategic acquisitions, and international expansion to address changing customer service needs.
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