According to the latest report by IMARC Group, titled “Customer Experience Management Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global customer experience management software market growth. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global customer experience management software market size reached a value of US$ 9,768.0 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 23,431.8 Million by 2027 exhibiting a CAGR of 14.10% during 2022-2027.
What is Customer Experience Management Software? How Big is Customer Experience Management Software Market?
Customer experience management (CEM) software refers to a computer-based solution used by companies to track and monitor customer reactions. It also assists in gaining valuable feedback using which organizations can take needful actions to improve customer engagement with their brand. Owing to these benefits and rapid digitization across the globe, CEM software finds extensive applications in retail, healthcare, media and entertainment (M&E), and banking, financial services and insurance (BFSI) sectors.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Customer Experience Management Software Market Trends and Drivers:
The increasing adoption of a consumer-centric approach by brands due to the rising competition is one of the key factors driving the market growth. Besides this, various technological advancements and the integration of advanced analytics and cloud computing with CEM software are also escalating the product demand.
Moreover, the growing consumer interaction with multiple platforms like mobile apps, websites, and chats, has increased the need to collect customer reviews on a unified platform. As a result, CEM software is widely utilized to determine and cater to the needs of the customers, which is positively influencing the market growth.
Furthermore, the increasing investments from venture capitalists, rising mergers and acquisitions (M&A), and the growing digital customer interactions are some of the other factors creating a positive market outlook across the globe.
Customer Experience Management Software Market Report Scope
Market size value in 2021
US$ 9,768.0 Million
Market forecast in 2027
US$ 23,431.8 Million
CAGR of 14.10% from 2022 to 2027
Base year for estimation
Global Customer Experience Management Software Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Customer Experience Management Software Companies:
Adobe Inc. (NASDAQ: ADBE)
Avaya Inc. (NYSE: AVYA)
Clarabridge (Qualtrics International)
International Business Machines Corporation (NYSE: IBM)
SAS Institute Inc.
Tech Mahindra Limited
Verint Systems Inc.
Explore Report Description with TOC & List of Figure: https://www.imarcgroup.com/customer-experience-management-software-market
The report has segmented the market on the basis of region, component, touchpoint, deployment mode, organization size and industries.
Breakup by Component:
Breakup by Touchpoint:
Social Media Platform
Breakup by Deployment Mode:
Breakup by Organization Size:
Small and Medium-sized Enterprises
Breakup by Industries:
IT and Telecommunication
Media and Entertainment
Breakup by Region:
North America: (United States, Canada)
Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
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Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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