CRM Outsourcing Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to crm outsourcing market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

CRM Outsourcing Market News

in CRM Outsourcing Market
  • In June 2024, Freshworks, a SaaS company specializing in customer engagement software, acquired Device42, a provider of IT asset management solutions, for $230 million. This acquisition allows Freshworks to expand its IT service management capabilities, offering a more comprehensive suite of tools for businesses to manage their customer relationships and IT infrastructure.
  • In September 2024, Salesforce announced the acquisition of data management firm Own for $1.9 billion. This strategic move aims to bolster Salesforce's data protection and management solutions, enhancing its CRM offerings. The acquisition is expected to close in Salesforce's fiscal 2025 fourth quarter, further integrating Own's capabilities into Salesforce's ecosystem.
  • In December 2024, HubSpot acquired Frame AI, a company specializing in artificial intelligence and machine learning solutions that convert unstructured data such as emails, calls, meetings, and conversations into real-time insights. This acquisition aims to enhance HubSpot's CRM platform by integrating advanced AI capabilities, providing users with deeper insights and improved customer engagement tools.

REQUEST FOR SAMPLE

Want to customize this report? REQUEST FREE CUSTOMIZATION

FAQs

Global CRM Outsourcing Market size was valued at USD 38.26 Billion in 2023 and is poised to grow from USD 41.63 Billion in 2024 to USD 81.73 Billion by 2032, growing at a CAGR of 8.8% in the forecast period (2025-2032).

The global CRM outsourcing industry is highly competitive, with numerous players striving to offer comprehensive customer management solutions that cater to a wide range of industries, from retail and telecommunications to healthcare and finance. In this landscape, companies are increasingly adopting innovative strategies to maintain or grow their market share. A significant trend is the integration of AI and automation technologies into CRM outsourcing solutions, enhancing customer experience and operational efficiency. 'HubSpot', 'Freshworks', 'Salesforce', 'Zoho', 'Microsoft Dynamics 365', 'Oracle', 'SAP', 'Adobe', 'ServiceNow', 'Zendesk', 'Pega Systems', 'SugarCRM'

One of the primary drivers behind the growth of CRM outsourcing is the need for cost efficiency. Businesses are constantly under pressure to reduce operational costs while maintaining or improving service quality. By outsourcing CRM functions, companies can save on the costs of hiring, training, and managing in-house customer support teams. Moreover, outsourcing allows businesses to scale their operations without the need for heavy investments in technology infrastructure, such as CRM software and customer service platforms. The ability to leverage external expertise helps organizations streamline their processes, reduce overheads, and direct resources towards more strategic activities, thus enhancing overall profitability.

Integration of AI and Automation Tools: The integration of AI and automation is one of the most significant CRM outsourcing industry trends. AI-powered technologies, such as chatbots, virtual assistants, and predictive analytics, are transforming how businesses interact with customers. These tools can provide immediate responses to common queries, resolve issues autonomously, and offer personalized solutions based on customer data. Additionally, automation in the form of intelligent routing and automated workflows is streamlining customer service operations, enabling outsourcing partners to handle higher volumes of customer interactions more efficiently.

How Does CRM Outsourcing Market Perform in North America?

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global CRM Outsourcing Market
CRM Outsourcing Market

Report ID: SQMIG45C2108

[email protected]
USA +1 351-333-4748

BUY NOW GET FREE SAMPLE