APAC Hosted Contact Center Market on the Rise: Organisations to Reap Numerous Benefits, Finds Frost & Sullivan ~Increasing awareness of the benefits of the hosted model spurs implementation

SINGAPORE, Nov. 28, 2013 /PRNewswire/ -- The appeal of the pay-per-use model and the high level of flexibility, scalability and business agility offered by the hosted models is driving the Asia-Pacific contact center market towards double digit growth.

The global economic uncertainty has had a positive impact on the growth of this sector with some businesses exploring options beyond premise-based solutions and ones that are low on capital investment. Moreover, the increasing number of vendors and service providers that are actively expanding into the hosted contact center services segment in the region is also aiding market development.

New analysis from Frost & Sullivan (http://www.contactcenter.frost.com), Analysis of the Asia-Pacific Hosted Contact Center Market, finds that the market earned revenues of US$220.1 million in 2012 and estimates this to reach US$597.2 million in 2019 at a compound annual growth rate of 15.9 per cent.

"While cost reduction continues to be a key objective, the predominant driver is no longer just the financial benefit of moving an expense from capex to opex," said Frost & Sullivan Information and Communication Technologies Research Manager Krishna Baidya.

"Enterprises have also come to appreciate the host of other benefits for the cloud model, particularly; reduction and simplification of ongoing maintenance, faster deployment and realisation of business value," he added.

 The greater focus on customer services by small and medium businesses (SMBs) also boosts the demand for hosted contact centers in the region. While SMBs are particularly attracted to the pay-per-use model, enterprise customers are taking advantage of the flexibility and scalability of hosted solutions, which ideally suit expansion, overflow and disaster recovery (DR) needs. SMBs are looking for simplified, bundled solutions whereas large enterprises are likely to require customised offerings that align well with their existing infrastructure and applications.

The region as a whole still has a very large installed base of legacy infrastructure and it is likely to delay the adoption of hosted technology. There are few total replacements of premise-based systems. As companies reach the end of the product life cycle with some of their existing premises' infrastructure, it is expected that the potential growth curve for hosted systems will become steeper.

However, a perceived lack of security, reliability and privacy amongst certain segments of customers, especially in the financial and healthcare segments, is likely to impact the adoption rate in the short term. To change this mindset, hosted solution providers must comply with government regulations and private standards.

"The market continues to shift to a wider range of pricing tools, with vendors also creating hybrid pricing models that provide greater flexibility to the end user," opined Baidya.

"The emergence of these models is a clear indication of vendors' interest in tapping the potential of the Asia-Pacific market," he added.

With benefits such as low upfront investment, instant access to cutting edge technology and rapid results, hosted contact center services are gaining popularity with customers over the range of existing options.

If you are interested in more information on this research, please send an e-mail to Donna Jeremiah, Corporate Communications, at djeremiah@frost.com, with your full name, company name, job title, telephone number, company e-mail address, company website, city, state and country.

Analysis of the Asia-Pacific Hosted Contact Center Market is part of the Contact Centers & CRM Growth Partnership Service program. Frost & Sullivan's related research services include: Assessment of the Asia-Pacific Contact Center Market, Asia-Pacific Contact Center Applications Market, and Asia-Pacific Contact Center Outsourcing Market, Contact Center Analytics in Asia-Pacific, Social Media as a Contact Channel in Asia-Pacific. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us:     Start the discussion

Join Us:           Join our community

Subscribe:       Newsletter on "the next big thing"

Register:         Gain access to visionary innovation

Analysis of the Asia-Pacific Hosted Contact Center Market
P756-76

Media Contact:            
Donna Jeremiah             
Corporate Communications – Asia Pacific             
P: +61 (02) 8247 8927                
F: +61 (02) 9252 8066                 
E: djeremiah@frost.com

Carrie Low                
Corporate Communications – Asia Pacific                  
P: +603 6204 5910                          
F: +603 6201 7402                
E: carrie.low@frost.com

Melissa Tan                    
Corporate Communications – Asia Pacific                 
P: +65 6890 0926                  
F: +65 6890 0999                 
E: melissa.tan@frost.com

http://www.frost.com

SOURCE Frost & Sullivan



RELATED LINKS
http://www.frost.com

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.