Customer experience management (CXM) solutions help to improve consumer loyalty by enhancing the user experience, improving the efficiency of the organization's human resources, and reducing operational costs. They also allow organizations to gain insights into their customers' behavior and preferences, allowing them to provide more personalized services. The right customer experience management technology can help businesses turn data into insights and then automate actions based on them. This is critical to maximizing the value of the customer data and improving the business performance in the long run.

Market Dynamics:

The increased demand for cloud-based CRM systems is expected to drive growth of the global customer experience management market over the forecast period. These systems allow companies to store data and provide access to customer data from any location and device, and are cost-effective compared with on-premises models.

However, lack of innovation, and issues regarding data privacy and security are the factors expected to hinder growth of the global customer experience management market over the forecast period.

Key features of the study:

• This report provides in-depth analysis of the global customer experience management market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global customer experience management market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include MaritzCX Research LLC (Inmoment LLC), Adobe Inc., Medallia Inc., Oracle Corporation, Clarabridge, SAP SE, Sitecore, IBM Corporation, Zendesk, Avaya Inc., Open Text Corporation, Verint Systems Inc., and Tech Mahindra
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global customer experience management market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global customer experience management market

Detailed Segmentation:

• Global Customer Experience Management Market, By Component
  • Solutions
  • Services
  • Professional Services
  • Managed Services
• Global Customer Experience Management Market, By Deployment
  • Cloud
  • On-premise
• Global Customer Experience Management Market, By Organization Size
  • SMEs
  • Large Enterprises
• Global Customer Experience Management Market, By Touchpoint
  • Telephone
  • Email
  • Web
  • Social Media
  • Other Touchpoints
• Global Customer Experience Management Market, By Application
  • BFSI
  • Retail
  • IT and Telecommunications
  • Healthcare
  • Manufacturing
  • Government
  • Travel and Transportation
  • Other Applications
• Global Customer Experience Management Market, By Geography
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
  • Adobe Inc.
  • Oracle Corporation
  • SAP SE
  • IBM Corporation
  • Avaya Inc.
  • Verint Systems Inc.
  • Tech Mahindra
  • Open Text Corporation.
  • Zendesk
  • Sitecore
  • Clarabridge
  • Medallia Inc.
  • MaritzCX Research LLC (Inmoment LLC)