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Contact Center Outsourcing Services Expand to Accommodate Complex BPO Services in Latin America Finds Frost & Sullivan - The varying levels of competition and market maturity among countries has livened up the diverse Latin American market for contact center outsourcing
Contact Center Outsourcing Services Expand to Accommodate Complex BPO Services in Latin America Finds Frost & Sullivan

 

PRZOOM - /newswire/ - Buenos Aires, Argentina, 2010/02/25 - The varying levels of competition and market maturity among countries has livened up the diverse Latin American market for contact center outsourcing.

   
 
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While major markets such as Brazil, Mexico, Colombia, and Argentina are reaching maturity in terms of quality of service (QoS) and infrastructure, the competition is fierce in developing markets such as Peru and Guatemala.

This intense competition is keeping market participants on their toes, causing them to reposition themselves from being mere providers of contact center customer care services to offering more complex business process outsourcing (BPO) services such as logistics and channels.

New analysis from Frost & Sullivan (contactcenter.frost.com), Latin American Contact Center Outsourcing Services Market 2009, finds that the market earned revenues of $6.8 billion in 2008 and estimates this to reach $13.7 billion in 2014.

If you are interested more information on this study, please send an email to Catalina Rossini, Corporate Communications, at catalina.rossini[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country.

"Outsourcers' improving ability to provide a fully integrated suite of end-to-end services covering the main business processes are standing them in good stead," says Frost & Sullivan Team Leader Juan Gonzalez. "Such capabilities are crucial, as businesses are increasing the demand for value-added services and higher levels of quality interactions to achieve superior customer satisfaction."

Providers of sophisticated services need not limit their market-expansion efforts to offering reduced costs, improving quality, and better meeting the supply demand, as the potential to create new markets and reinvent their business is enormous. They have to conceive strategies to boost business revenues, enhance efficiency, and compete on the basis of quality.

While all clients expect outsourcers to improve their services, some new technologies can bring high client satisfaction and aggregate value on the current offers. For example, outsourcers are considering offering speech analytics to clients to help them know how their customers perceive them.

Market participants could also bring in revenue by promoting outsourcing benefits and customer success stories beyond the traditional customer care service, while simultaneously transforming the contact center's focus from cost-containment to a profit generation.

For greater revenue inflow, contact center outsourcers have to develop new ways to offer services. A good example is the virtual contact center, which can be used to popularize the 'home-agent' model. The result is better customer service as the agent will feel more comfortable working from home.

Besides, home agents can help the company to provide many social benefits by lowering polluting emissions and increasing the number of disabled employees. It also helps outsourcers to cut costs on employees' travel and total cost of ownership. This cost benefit is particularly pertinent in the current economic climate.

"Economic slowdowns in Europe and North America have considerably increased the demand for local businesses in Latin America," notes Gonzalez. "The market will also get a leg up with the greater acceptance of the outsourcing concept as an essential step in the business process."

Latin American Contact Center Outsourcing Services Market 2009 is part of the Contact Centers Growth Partnership Services program, which also includes research in the following markets: Latin America Enterprise Telephony Solutions Market, Latin America Contact Center Applications Market, Latin America Unified Communications Market, and Latin America Video Conferencing Market. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 40 offices on six continents.

Latin American Contact Center Outsourcing Services Market 2009 / N584

 
 
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Contact Center Outsourcing Services Expand to Accommodate Complex BPO Services in Latin America Finds Frost & Sullivan

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