PUBLISHER: The Business Research Company | PRODUCT CODE: 1648674
PUBLISHER: The Business Research Company | PRODUCT CODE: 1648674
Customer communication management refers to software for improving production, delivery, storage, and outbound communications retrieval to customers. A centralized CCM platform that enables real-time, cross-channel, interactive conversations improve customer experience substantially. The customer communication management is used to facilitate customer interactions and improve sharing, storage, and retrieval of customer communications using various tools and processes.
The main components of customer communications management are solutions and services. Customer communications management solutions provide integrated custom-made capabilities for consumers across websites, stores, call centers, mobile applications, social media, emails, virtual assistants, and other touchpoints. It includes management and customer communications automation in media such as SMS, print, email, and web pages. The deployment modes are on-premises and cloud. Large, small and medium enterprises in IT and telecom, retail and eCommerce, BFSI, healthcare, travel and hospitality, government, utilities, and other verticals use customer communications management.
The customer communication management market research report is one of a series of new reports from The Business Research Company that provides customer communication management market statistics, including customer communication management industry global market size, regional shares, competitors with a customer communication management market share, detailed customer communication management market segments, market trends and opportunities, and any further data you may need to thrive in the customer communication management industry. This customer communication management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The customer communications management market size has grown strongly in recent years. It will grow from $1.59 billion in 2024 to $1.75 billion in 2025 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to adoption of multichannel communication strategies, growth in customer-centric business models, emphasis on regulatory compliance in communications, advances in digital and personalized marketing, increase in customer experience optimization.
The customer communications management market size is expected to see rapid growth in the next few years. It will grow to $2.88 billion in 2029 at a compound annual growth rate (CAGR) of 13.4%. The growth in the forecast period can be attributed to expansion of omnichannel customer engagement, increased demand for interactive and dynamic content, emphasis on privacy and data security in customer communications, growth in cloud-based customer communications management solutions. Major trends in the forecast period include personalization and hyper personalization in customer communications, integration with customer relationship management (CRM) systems, rise of conversational and chatbot-based communications, adoption of rich media and interactive documents, shift towards automated and self-service customer communications.
An increase in smartphone penetration across the globe is driving the growth of the customer communication management market. Smartphone penetration refers to the quantity of active mobile phone subscriptions compared to the overall market for mobile phones. Smartphones are used to manage customer communications across a wide range of media, such as queries via live chat, dropping a feature request via email, SMS/MMS, responsive design mobile experiences, and in-app notifications. For instance, in February 2023, according to Uswitch Limited, a UK-based financial conduct authority, mobile connections in the UK reached 71. 8 million, showing a 3. 8% increase from the previous year, totaling approximately 2. 6 million additional connections. Furthermore, it is projected that the UK's population will expand to 68. 3 million by 2025, with an estimated 95% of the population, or around 65 million individuals, owning a smartphone. Therefore, an increase in smartphone penetration is expected to propel market growth over the coming years.
Growing adoption of cloud computing is driving the growth of the customer communication management market. Cloud computing refers to technology model that involves delivery of computing services, including servers, storage, databases, networking, software, analytics, and more, over the internet to offer faster innovation, flexible resources, and cost-effective solutions. Cloud computing enhances customer communication management by providing scalability, cost-effectiveness, accessibility, and agility. Cloud-based solutions also offer disaster recovery, redundancy, and automated software updates, simplifying the management of customer communications. For instance, according to Gartner, a US based management consulting company, by 2027, more than 50% of enterprises will use industry cloud platforms to accelerate their business initiatives. Therefore, growing adoption of cloud computing is driving the growth of the customer communication management market.
Technological advancements are becoming increasingly important in the customer communication management (CCM) market. Leading companies are focusing on incorporating innovations such as artificial intelligence, machine learning, natural language processing (NLP), automation, cloud-based solutions, and advanced analytics. These technologies enable businesses to provide more personalized, efficient, and scalable customer communications, improving customer engagement and satisfaction across multiple channels. This approach ensures coordinated and consistent communication throughout the customer experience. For example, in May 2023, a US-based software company specializing in data integrity tools launched EngageOne RapidCX, designed to revolutionize Customer Communication Management, particularly in highly regulated industries.
Major companies operating in the customer communication management are focused on advancement innovative solution such as customer experience management (CXM) solution with cloud and AI capabilities to automate the process of customer communication management to sustain their position in the market. For instance, in May 2023, Intense Technologies Limited, an India based company that provides software services, announced the development of a new customer experience management (CXM) solution with cloud and AI capabilities to automate the process of customer communication management. A Customer Experience Management (CXM) solution equipped with cloud and AI capabilities offers businesses a powerful tool to enhance customer interactions. By leveraging the cloud for scalability and AI for personalized insights, CXM solutions enable organizations to deliver exceptional customer experiences, driving customer loyalty and business growth.
In April 2023, Nextiva, a U.S.-based company specializing in cloud communication and customer engagement solutions, acquired Simplify360. This acquisition aims to enhance Nextiva's customer support capabilities by integrating Simplify360's AI-driven tools, allowing for a seamless experience across various communication channels for businesses of all sizes. Simplify360, an India-based AI customer experience platform, focuses on leveraging artificial intelligence and automation to improve customer support across multiple communication channels.
Major companies operating in the customer communications management market include Adobe Inc., Capgemini SE, CEDAR CX Technologies, Open Text Corporation, Sefas Innovation Inc., ABBYY Solutions Ltd., Avaya LLC., BCC Software LLC., Broadridge Financial Solutions Inc., Cincom Systems, Cognizant Technology Solutions Pvt Ltd., Crawford Technologies Inc., Dell Technologies Inc., Doxee S. p. A., Exela Technologies Inc., GMC Software AG, Hewlett Packard Enterprise Development LP, Kofax Inc., Messagepoint Inc., Newgen Software Technologies Limited, Hyland Software Inc., Objectif Lune Inc., OneSpan Inc., Oracle Corporation, Pitney Bowes Inc., The Ricoh Company Ltd., Xerox Corporation., Zoho Corporation.
North America was the largest region in the customer communications management market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the customer communications management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the customer communications management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The customer communication management market includes revenues earned by entities by providing marketing, new product introductions, renewal notifications, claims correspondence and documentation, and bill and payment notifications. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Customer Communications Management Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on customer communications management market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for customer communications management ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The customer communications management market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.