Interactive Voice Response Market by Technology (Touch-Tone and Speech), Deployment (Cloud and on Premise), Vertical (BFSI, Pharma and Healthcare, ITES), Organization Size, Solution, Service, And Geography - Global Forecast to 2023
Table of Contents
1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Scope
1.3.1 Geographic Scope
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions
3 Executive Summary
4 Premium Insights
4.1 Attractive Growth Opportunities in Interactive Voice Response Market
4.2 Interactive Voice Response Market, By Organization Size
4.3 Interactive Voice Response Market, By Service and Region
4.4 Interactive Voice Response Market, By Deployment Mode
4.5 Interactive Voice Response Market, By Geography
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Integration of Advanced Technologies
5.2.1.2 Rise in Cloud-Based Services Equipped With High Industry Standards Increases IVR Acceptability
5.2.1.3 Adoption of IVRs to Increase Scalability and Efficiency of Organizations
5.2.2 Restraints
5.2.2.1 Irrelevant Options and Additional Information Within A Menu Hampers the Usability of IVRs
5.2.3 Opportunities
5.2.3.1 Growing IVR Application Areas
5.2.3.2 Increasing Demand for IVR-Based Outbound Services
5.2.4 Challenges
5.2.4.1 Increasing Security Concerns in Data Encryption
6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.3 Interactive Voice Response Standards and Regulations
6.3.1 Codes and Standards Related to Interactive Voice Response
7 Interactive Voice Response Market, By Technology
7.1 Introduction
7.2 Speech Based
7.3 Touch-Tone Based
8 Interactive Voice Response Market, By Deployment Mode
8.1 Introduction
8.2 Cloud
8.2.1 Hosted
8.3 on Premise
9 Interactive Voice Response Market, By Organization Size
9.1 Introduction
9.2 Small and Medium Enterprises (SMEs)
9.3 Large Enterprises
10 Interactive Voice Response Market, By Service
10.1 Introduction
10.2 Installation
10.3 Training and Education
10.4 Maintenance and Support
11 Interactive Voice Response Market, By Vertical
11.1 Introduction
11.2 BFSI
11.3 Travel and Hospitality
11.4 Pharma and Healthcare
11.5 Telecommunications
11.6 Government and Public Sector
11.7 Transportation and Logistics
11.8 Information Technology-Enabled Services
11.9 Media, Retail, and E-Commerce
11.10 Education
11.11 Others
12 Interactive Voice Response Market, By Solution
12.1 Introduction
12.2 Call Routing
12.3 Outbound
12.4 Self-Service
13 Geographic Analysis
13.1 Introduction
13.2 North America
13.2.1 US
13.2.2 Canada
13.2.3 Mexico
13.3 Europe
13.3.1 UK
13.3.2 Germany
13.3.3 Italy
13.3.4 France
13.3.5 Rest of Europe
13.4 Asia Pacific
13.4.1 Japan
13.4.2 China
13.4.3 India
13.4.4 Philippines
13.4.5 South Korea
13.4.6 Rest of APAC
13.5 Rest of the World
13.5.1 South America
13.5.2 Middle East and Africa
14 Competitive Landscape
14.1 Overview
14.2 Market Ranking Analysis: Interactive Voice Response
14.3 Competitive Leadership Mapping
14.3.1 Visionary Leaders
14.3.2 Dynamic Differentiators
14.3.3 Innovators
14.3.4 Emerging Companies
14.4 Business Strategy Excellence
14.5 Strength of Product Portfolio
25 Companies analyzed across the ecosystem are — 8X8, Inc. (US), Nuance Communications, Inc. (US), Convergys Corporation (US), Avaya Inc. (US), Cisco Systems, Inc. (US), AT&T Inc. (US), West Corporation (US), Genesys Telecommunication Laboratories, Inc. (US), Verizon Communications Inc. (US), IVR Lab (US), Aspect Software Parent Inc. (US), 24/7 Customer, Inc. (US), inContact Inc. (US), NewVoiceMedia (UK), Five9, Inc. (US), Enghouse Systems (US), BCE Inc. (Canada), Verint Systems Inc (US), NEC Corporation (Japan), XO Communications, LLC (US), CenturyLink (US), DialogTech (US), DiRAD Technologies, Inc. (US), Solutions Infini (India), and Arise Virtual Solutions (US).
14.6 Competitive Situations and Trends
14.6.1 Product Launches and Developments
14.6.2 Partnerships and Agreements
14.6.3 Mergers and Acquisitions
14.6.4 Others
15 Company Profiles
15.1 Introduction
(Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments)*
15.2 inContact Inc.
15.3 Nuance Communications, Inc.
15.4 Genesys Telecommunication Laboratories, Inc.
15.5 8x8, Inc.
15.6 AT&T Inc.
15.7 Avaya Inc.
15.8 Aspect Software Parent, Inc.
15.9 24/7 Customer, Inc.
15.10 Verizon Communications Inc.
15.11 Five9, Inc.
15.12 Cisco Systems, Inc.
15.13 Convergys Corporation
15.14 West Corporation
15.15 IVR Lab
15.16 NewVoiceMedia
15.17 Key Innovators
15.17.1 Liveops, Inc.
15.17.2 Ozonetel Communications Pvt. Ltd.
15.17.3 Evolve Ip, LLC
*Details on Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.
16 Appendix
16.1 Insights of Industry Experts
16.2 Questionnaire for Interactive Voice Response Market
16.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
16.4 Introducing RT: Real-Time Market Intelligence
16.5 Available Customizations
16.6 Related Reports
16.7 Author Details
List of Tables
Table 1 Interactive Voice Response Market, By Technology, 2015–2023 (USD Million)
Table 2 IVR Market for Speech-Based Technology, By Vertical, 2015–2023 (USD Million)
Table 3 IVR Market for Touch-Tone-Based Technology, By Vertical, 2015–2023 (USD Million)
Table 4 Interactive Voice Response Market, By Deployment Mode, 2015–2023 (USD Million)
Table 5 Interactive Voice Response Market, By Organization Size
Table 6 Interactive Voice Response Market, By Organization Size, 2015–2023 (USD Million)
Table 7 Interactive Voice Response Market for SMEs, By Region, 2015–2023 (USD Million)
Table 8 Interactive Voice Response Market for Large Enterprises, By Region, 2015–2023 (USD Million)
Table 9 Interactive Voice Response Market, By Service, 2015–2023 (USD Million)
Table 10 Interactive Voice Response Market, By Vertical, 2015–2023 (USD Million)
Table 11 Interactive Voice Response Market for BFSI, By Technology, 2015–2023 (USD Million)
Table 12 Interactive Voice Response Market in BFSI, By Region, 2015–2023 (USD Million)
Table 13 Interactive Voice Response Market in Travel and Hospitality, By Technology, 2015–2023 (USD Million)
Table 14 Interactive Voice Response Market for Travel and Hospitality, By Region, 2015–2023 (USD Million)
Table 15 Interactive Voice Response Market for Pharma and Healthcare, By Technology, 2015–2023 (USD Million)
Table 16 Interactive Voice Response Market for Pharma and Healthcare, By Region, 2015–2023 (USD Million)
Table 17 Interactive Voice Response Market for Telecommunications, By Technology, 2015–2023 (USD Million)
Table 18 Interactive Voice Response Market for Telecommunications, By Region, 2015–2023 (USD Million)
Table 19 Interactive Voice Response Market for Government and Public Sector, By Technology, 2015–2023 (USD Million)
Table 20 Interactive Voice Response Market for Government and Public Sector, By Region, 2015–2023 (USD Million)
Table 21 Interactive Voice Response Market for Transportation and Logistics, By Technology, 2015–2023 (USD Million)
Table 22 Interactive Voice Response Market for Transportation and Logistics, By Region, 2015–2023 (USD Million)
Table 23 Interactive Voice Response Market for Ites, By Technology, 2015–2023 (USD Million)
Table 24 Interactive Voice Response Market for Ites, By Region, 2015–2023 (USD Million)
Table 25 Interactive Voice Response Market for Media, Retail, and E-Commerce, By Technology, 2015–2023 (USD Million)
Table 26 Interactive Voice Response Market for Media, Retail, and E-Commerce, By Region, 2015–2023 (USD Million)
Table 27 Interactive Voice Response Market for Education, By Technology, 2015–2023 (USD Million)
Table 28 Interactive Voice Response Market for Education, By Region, 2015–2023 (USD Million)
Table 29 Interactive Voice Response Market for Others, By Technology, 2015–2023 (USD Million)
Table 30 Interactive Voice Response Market for Others, By Region, 2015–2023 (USD Million)
Table 31 Interactive Voice Response Market, By Region, 2015–2023 (USD Million)
Table 32 Interactive Voice Response Market in North America, By Vertical, 2016–2023 (USD Million)
Table 33 Interactive Voice Response Market in North America, By Deployment Mode, 2015–2023 (USD Million)
Table 34 Interactive Voice Response Market in North America, By Organization Size, 2015–2023 (USD Million)
Table 35 Interactive Voice Response Market in North America, By Country, 2015–2023 (USD Million)
Table 36 Interactive Voice Response Market in US, By Organization Size, 2015–2023 (USD Million)
Table 37 Interactive Voice Response Market in Canada, By Organization Size, 2015–2023 (USD Million)
Table 38 Interactive Voice Response Market in Mexico, By Organization Size, 2015–2023 (USD Million)
Table 39 Interactive Voice Response Market in Europe, By Vertical, 2015–2023 (USD Million)
Table 40 Interactive Voice Response Market in Europe, By Deployment Mode, 2015–2023 (USD Million)
Table 41 Interactive Voice Response Market in Europe, By Organization Size, 2015–2023 (USD Million)
Table 42 Interactive Voice Response Market in Europe, By Country, 2015–2023 (USD Million)
Table 43 Interactive Voice Response Market in UK, By Organization Size, 2015–2023 (USD Million)
Table 44 Interactive Voice Response Market in Germany, By Organization Size, 2015–2023 (USD Million)
Table 45 Interactive Voice Response Market in Italy, By Organization Size, 2015–2023 (USD Million)
Table 46 Interactive Voice Response Market in France, By Organization Size, 2015–2023 (USD Million)
Table 47 Interactive Voice Response Market in RoE, By Organization Size, 2015–2023 (USD Million)
Table 48 Interactive Voice Response Market in APAC, By Vertical, 2015–2023 (USD Million)
Table 49 Interactive Voice Response Market in APAC, By Deployment Mode, 2015–2023 (USD Million)
Table 50 Interactive Voice Response Market in APAC, By Organization Size, 2015–2023 (USD Million)
Table 51 Interactive Voice Response Market in APAC, By Country, 2015–2023 (USD Million)
Table 52 Interactive Voice Response Market in Japan, By Organization Size, 2015–2023 (USD Million)
Table 53 Interactive Voice Response Market in China, By Organization Size, 2015–2023 (USD Million)
Table 54 Interactive Voice Response Market in India, By Organization Size, 2015–2023 (USD Million)
Table 55 Interactive Voice Response Market in Philippines, By Organization Size, 2015–2023 (USD Million)
Table 56 Interactive Voice Response Market in South Korea, By Organization Size, 2015–2023 (USD Million)
Table 57 Interactive Voice Response Market in RoAPAC, By Organization Size, 2015–2023 (USD Million)
Table 58 Interactive Voice Response Market in RoW, By Vertical, 2015–2023 (USD Million)
Table 59 Interactive Voice Response Market in RoW, By Deployment Mode, 2015–2023 (USD Million)
Table 60 Interactive Voice Response Market in RoW, By Organization Size, 2015–2023 (USD Million)
Table 61 Interactive Voice Response Market in RoW, By Region, 2015–2023 (USD Million)
Table 62 Interactive Voice Response Market in South America, By Organization Size, 2015–2023 (USD Million)
Table 63 Interactive Voice Response Market in Mea, By Organization Size, 2015–2023 (USD Million)
Table 64 Interactive Voice Response Market: Company Ranking Analysis
Table 65 Product Launches and Developments (2015 – 2017)
Table 66 Partnerships and Agreements (2015–2017)
Table 67 Mergers and Acquisitions (2015 & 2017)
Table 68 Collaborations and Expansions (2017)
List of Figures
Figure 1 Interactive Voice Response Market Segmentation
Figure 2 Interactive Voice Response Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Snapshot of the Interactive Voice Response Market, 2015-2023 (USD Billion)
Figure 7 BFSI Vertical to Hold the Largest Share of IVR Market During Forecast Period
Figure 8 Cloud-Based Deployment Mode to Hold A Larger Share in Comparison With on Premise By 2023
Figure 9 Touch-Tone Based to Hold Larger Share of Overall IVR Market By 2023
Figure 10 Overall Interactive Voice Response Market, By Country, 2017
Figure 11 Interactive Voice Response Market in APAC to Grow at Highest CAGR During the Forecast Period
Figure 12 SME to Lead Interactive Voice Response Market During the Forecast Period
Figure 13 Maintenance and Support to Hold Largest Share of Interactive Voice Response Market in North America in 2017
Figure 14 Cloud to Hold Larger Share of Interactive Voice Response Market By 2023
Figure 15 Philippines Expected to Grow at Highest CAGR in Interactive Voice Response Market During Forecast Period
Figure 16 Increasing Investments in IoT Technology and Growing Applications of Smart Wireless Sensors Fuel Growth of Interactive Voice Response Market
Figure 17 Value Chain Analysis of Interactive Voice Response (IVR) Market
Figure 18 Interactive Voice Response Market Segmentation, By Technology
Figure 19 Interactive Voice Response (IVR) Market, By Technology, 2017 & 2023
Figure 20 Interactive Voice Response Market Segmentation, By Deployment Mode
Figure 21 Interactive Voice Response Market, By Deployment Mode, 2017 & 2023
Figure 22 Small and Medium Enterprises to Hold Largest Share of Interactive Voice Response Market During Forecast Period, 2017 & 2023
Figure 23 Interactive Voice Response Market Segmentation, By Service
Figure 24 Interactive Voice Response Market, By Vertical
Figure 25 North America Held Largest Share of Interactive Voice Response Market for BFSI in 2017
Figure 26 APAC to Hold Share of Interactive Voice Response Market for Travel and Hospitality By 2023
Figure 27 North America to Hold Largest Share of Interactive Voice Response Market for Pharma and Healthcare By 2023
Figure 28 APAC to Hold Largest Share of Interactive Voice Response Market for Telecommunications By 2023
Figure 29 North America to Hold Largest Share of Interactive Voice Response Market for Government and Public Sector By 2023
Figure 30 APAC to Hold Largest Share of Interactive Voice Response Market for Transportation and Logistics By 2023
Figure 31 APAC to Hold Largest Share of Interactive Voice Response Market for Ites By 2023
Figure 32 APAC to Hold Largest Share of Interactive Voice Response Market for Media, Retail, and E-Commerce By 2023
Figure 33 North America to Hold Largest Share of Interactive Voice Response Market for Education By 2023
Figure 34 North America Held Largest Share of Interactive Voice Response Market for Other Verticals in 2017
Figure 35 Interactive Voice Response Market Segmentation, By Solution
Figure 36 Interactive Voice Response Market: APAC Would Be Fastest Growing Region Over Next Six Years
Figure 37 Snapshot of Interactive Voice Response Market in North America
Figure 38 Snapshot of Interactive Voice Response Market in Europe
Figure 39 Snapshot of Interactive Voice Response Market in APAC
Figure 40 Interactive Voice Response Market (Global): Competitive Leadership Mapping, 2017
Figure 41 Market Evolution Framework – Product Launches and Developments Were Key Strategies Adopted By Market Players
Figure 42 Battle for Market Share: Product Launches and Developments Were Key Growth Strategies
Figure 43 Nice Ltd.: Company Snapshot
Figure 44 Nuance Communications, Inc.: Company Snapshot
Figure 45 8x8, Inc.: Company Snapshot
Figure 46 AT&T Inc.: Company Snapshot
Figure 47 Avaya Inc.: Company Snapshot
Figure 48 Verizon Communications Inc.: Company Snapshot
Figure 49 Five9, Inc.: Company Snapshot
Figure 50 Cisco Systems, Inc.: Company Snapshot
Figure 51 Convergys Corporation: Company Snapshot
Figure 52 West Corporation: Company Snapshot