Global Customer Self-Service Software market outlook 2024, Forecast To 2033
4 Mar, 2024
The customer self-service software market size has grown exponentially in recent years. It will grow from $15.53 billion in 2023 to$18.64 billion in 2024 at a compound annual growth rate (CAGR) of 20.0%. The growth in the historic period can be attributed to cost reduction and efficiency, increased customer expectations, mobile and online accessibility, 24/7 availability, scalability for growing businesses, enhanced customer experience. The customer self-service software market size is expected to see exponential growth in the next few years. It will grow to $40.55 billion in 2028 at a compound annual growth rate (CAGR) of 21.4%. The growth in the forecast period can be attributed to multichannel self-service, personalization and user context, voice and natural language processing, data security and privacy, customer education and training. Major trends in the forecast period include rise of AI-powered self-service solutions, knowledge base optimization, mobile self-service applications, voice-activated self-service, continuous improvement through customer feedback, integration with customer relationship management (CRM) systems.
Global Customer Self-Service Software Market Key Driver
The increasing accessibility of customer service touchpoints is anticipated to propel the growth of the customer self-service software market in the foreseeable future. Customer service touchpoints encompass real-time interactions between consumers and an organization's representatives, website, application, or advertisements aimed at enhancing the customer's purchasing and problem-solving experiences. Major corporations are embracing customer self-service software in response to customer demands for instantaneous solutions to their inquiries and issues. For instance, statistics from Emplify Inc. in 2022 revealed that approximately 52% of customers expected brands to respond within one hour, while 75% considered a fully self-service customer care option important. Consequently, the rising accessibility of customer service touchpoints is poised to drive the growth of the customer self-service software market, with projected market sizes of $X in 2023, and anticipated growth in 2024 and 2028.
Get A Free Sample Of The Global Customer Self-Service Software Market ReportGlobal Customer Self-Service Software Market Segments
The global customer self-service software market covered in this report is segmented –
1) By Offering: Solution, Service
2) By Deployment: Cloud, On-Premise
3) By End-User Industry: BFSI, Healthcare, Retail, Government, IT and Telecommunication, Other End-user Industries
By Geography: The regions covered in the customer self-service software market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
North America was the largest region in the customer self-service software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the customer self-service software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Customer Self-Service Software Industry Players
Oracle Corporation, Salesforce.com Inc., SAP SE, Microsoft Corporation, BMC Software Inc., Verint Systems Inc., Zendesk Inc., Nuance Communications Inc., Zoho Corporation Private Limited, Avaya Holdings Corp., HappyFox Technologies LLP, Aspect Software Inc., Zappix Inc., Freshworks Inc., AnswerDash Inc., LogMeIn Inc., SolarWinds MSP UK Ltd., Moxie Software Solutions India Private Limited, Software Advice Inc., Creative Virtual Limited, eGain Corporation, Nanorep Technologies Ltd., SugarCRM Inc., Inbenta Holdings Inc., Aptean Asia-Pacific Ltd., HubSpot Inc., Pegasystems Inc., ServiceNow Inc., Genesys Telecommunications Laboratories Inc., Kustomer Inc., Helpshift Inc., UJET Inc., Ada Support Inc., HappyFox Inc., HelpCrunch Inc., Intercom Inc., Slovakian company
Get The Full Global Customer Self-Service Software Market Report
Customer Self-Service Software Market Overview
Customer self-service software refers to a set of instructions or programs that are designed to create customer-initiated technology to support customers to service themselves by giving access to information about a product and services of an organization without the involvement of a support agent. Customer self-service software is used to assist clients or customers to find solutions by themselves without requiring any interaction with a representative.
Customer Self-Service Software Global Market Report 2023 provides data on the global customer self-service software market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The customer self-service software market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.