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The Explosive Growth of the Text Analytics Market: Trends, Opportunities, and Forecast

Thematic

The text analytics market is expected to skyrocket from around $29 billion to over $78 billion in the next few years. Understanding the Text Analytics Market At its core, text analytics is all about turning unstructured text—like customer feedback, emails, support tickets, and social media posts—into something useful.

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Why 90% of Global Businesses Will Use AI Translation in Customer Support

CSM Magazine

Providing exceptional customer support requires clear and accurate communication, yet language barriers often stand in the way. Traditionally, companies have relied on human translators or multilingual support teams, but these methods are costly, slow, and difficult to scale. The Growing Need for AI in Customer Support 1.

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Generative AI in Contact Centers: The Tech and Use Cases Driving a Revolution in Customer Service

Calabrio

In the process, the contact center AI market is expected to nearly triple in size between 2025 and 2030 as organizations expand investments, tools and capabilities multiply, and new challenges come and go. Assistance Tools Support Agents in Real Time Equip your agents with a real-time co-pilot.

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What is Text Analytics? Your Beginner’s Guide to Transforming Data into Insight

Thematic

In fact, its market reflects a growing demand with its global market expected to grow to $14.68 billion by 2030. IT teams use it to prioritize recurring issues found in support tickets. Personalized Marketing Customers love it when you know what they need. Text analytics will only grow in importance.

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Comparing Outsourcing Quotes: 8 Things to Look Out For

Magellan Solutions

As stated in the 2019 ISG Momentum® Market Trends & Insights Geography Report , more than 90% of the top 2000 global corporations have arrangements for IT outsourcing in 2019. It is predicted that the rate of growth of business process outsourcing will be higher than 9% each year until 2030. Its market value in 2016 was US$106.46

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12 Interesting Rounds of Funding for SaaS Customer Service platforms

CSM Magazine

The SaaS customer service market is growing rapidly, as more businesses realize the benefits of using cloud-based platforms to improve their customer service. According to a report by Grand View Research , the global SaaS customer service market size was valued at USD 261.15 from 2023 to 2030. from 2023 to 2030.

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How the Internet of Things is Transforming Customer Experience

LiveChat

In fact, IHS Markit expects that by 2030, 125 billion devices could be connected via the IoT. The rapid growth of the IoT is changing the marketing landscape as well. Many brands and marketers are reconsidering their strategies because of it. It can help improve customer experience in the B2B market as well.