PUBLISHER: The Business Research Company | PRODUCT CODE: 1682006
PUBLISHER: The Business Research Company | PRODUCT CODE: 1682006
Call tracking software is a specialized tool employed to monitor and analyze inbound phone calls, primarily utilized in marketing and sales endeavors. It enables businesses to attribute phone call conversions to particular marketing campaigns or channels, thereby offering valuable insights into customer behavior and facilitating the optimization of advertising strategies.
The several types of call tracking software encompasses two main types that include inbound calls and outbound calls. These offerings include both solutions and services, catering to organizations of varying sizes, ranging from large enterprises to small and medium-sized enterprises (SMEs). Deployment options encompass both cloud-based and on-premises systems. This software finds application across diverse industry verticals such as education, information technology (IT) and telecommunications, transportation, government, banking, financial services and insurance (BFSI), media and entertainment, automotive and manufacturing, energy and utilities, among others.
The call tracking software market research report is one of a series of new reports from The Business Research Company that provides call tracking software market statistics, including call tracking software industry global market size, regional shares, competitors with a call tracking software market share, detailed call tracking software market segments, market trends and opportunities, and any further data you may need to thrive in the call tracking software industry. This call tracking software 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 call tracking software market size has grown rapidly in recent years. It will grow from $8.84 billion in 2024 to $9.82 billion in 2025 at a compound annual growth rate (CAGR) of 11.0%. The growth in the historic period can be attributed to a rise in digital marketing, a shift to performance-based marketing, integration with CRM systems, demand for real-time analytics, and increased focus on lead generation.
The call tracking software market size is expected to see rapid growth in the next few years. It will grow to $14.7 billion in 2029 at a compound annual growth rate (CAGR) of 10.6%. The growth in the forecast period can be attributed to increasing emphasis on customer experience (CX) optimization, demand for data-driven decision-making, focus on ROI measurement, regulatory compliance requirements, and expansion of small and medium-sized enterprises (SMEs). Major trends in the forecast period include AI-powered analytics, multi-channel tracking, advanced call routing, voice recognition technology, and customization and personalization.
The surge in smartphone usage is poised to drive significant growth in the call-tracking software market in the coming years. Smartphones, characterized by their versatile functionalities and widespread adoption, have become integral parts of daily life, serving purposes ranging from communication to entertainment and productivity. Call-tracking software for smartphones enables businesses to monitor and analyze incoming calls, thus optimizing marketing strategies and enhancing customer service. For instance, data from Uswitch Limited indicates a notable increase in mobile connections in the UK, with an expected rise in smartphone ownership among the population by 2025. This trend underscores the growing influence of smartphone usage in propelling the demand for call-tracking software solutions.
Key companies in the call-tracking software sector are prioritizing the development of advanced, AI-driven capabilities to stay competitive and enhance their offerings. These capabilities leverage artificial intelligence algorithms to analyze and interpret call data, providing valuable insights for businesses. For example, CallRai introduced an integration with Adobe Analytics in June 2023, enabling enhanced customer journey tracking by combining online and offline touchpoints. This integration empowers users to make informed marketing decisions by leveraging insights derived from call tracking data within Adobe Analytics, facilitated through the Tray Platform for seamless integration and automation.
In July 2022, Telefonaktiebolaget LM Ericsson, a telecommunications company based in Sweden, acquired Vonage for an undisclosed amount. This acquisition is aimed at enhancing Ericsson's position in the call-tracking software market by incorporating Vonage's advanced communication APIs and call-tracking solutions. The move is expected to broaden Ericsson's ability to deliver advanced communication solutions across a variety of industries, including retail, healthcare, and logistics. Vonage Holdings Corp. is a US-based provider of cloud communications and call-tracking software.
Major companies operating in the call tracking software market are Call Box, Invoca, CallRail, Marchex Inc., CallSource Inc., Infinity Tracking, CloudTalk, ResponseTap Ltd., CallTrackingMetrics LLC, CallHippo, Telmetrics, Jet Interactive, CallFire Inc., CallRoot, Agile CRM, Phonexa Holdings LLC, Ringba, Clixtell, Convirza, DialogTech, AddSource, Retreaver, WhatConverts, Caller Insight
North America was the largest region in the call tracking software market in 2024. The regions covered in the call tracking software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the call tracking software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The call tracking software market includes revenues earned by entities by providing services such as mobile call tracking, advanced call analytics, basic call tracking, and CRM integration. 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.
Call Tracking Software 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 call tracking software 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 call tracking software ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The call tracking software 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.