Customer Success Platforms provides a set of tools which assist in ensuring to provide the customers required outcomes when they are using any sort of a vendor?s service or product. The customer success platform centralizes all the data of the customer into an accessible 360-degree view of the customer. The information might consist product usage, adoption, upsells and other customer signals.
MARKET SCOPE
The "Global Customer Success Platform Market Analysis to 2028" is a specialized and in-depth study of the technology, media and telecommunication industry with a special focus on the global market trend analysis. The report aims to provide an overview of the customer success platform market with detailed market segmentation by component, deployment, application area, enterprise size, industry vertical, and geography. The report provides key statistics on the market status of the leading customer success platform market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on component, the global customer success platform market is segmented into solution, services
- On the basis of deployment, the market is segmented into cloud, on-premise
- Based on application area, the market is customer experience management, customer service, sales and marketing management, risk and compliance management, others
- Based on enterprise size, the market is large enterprises, SMES
- Based on industry vertical, the market is BFSI, IT and telecom, retail and e-commerce, healthcare, government, others
MARKET DYNAMICS
Drivers:
- Advent of cloud computing in customer success.
- Growing demand for advance analytical-based solutions to monitor customer scores and reduce churn rates.
- Increasing data volume due to growing digitalization.
- Rising need to plan better customer engagement strategies through omnichannel.
Restraints
- Data aggregation and synchronization from multiple silos
- Data privacy laws and protection of customer data from cyberattacks and breaches
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The customer success platform market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the customer success platform market in these regions.
IMPACT OF COVID-19 ON CUSTOMER SUCCESS PLATFORM MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the customer success platform market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from customer success platform market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the customer success platform market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Bolstra
- Catalyst Software
- Cisco Systems, Inc.
- CustomerSuccessBox
- Gainsight
- Oracle Corporation
- Salesforce.com, Inc.
- Salesmachine Inc.
- Medallia Inc.
- UserIQ
The Insight Partner?s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.