| |
Mr. Krishna Baidya, Research Manager, ICT Practice, Asia Pacific at Frost & Sullivan said that revenue from the Japanese contact center application market experienced a marginal decline in 2012.
"Besides soft investment outlook, foreign exchange rate impact was quite significant as well. However, the market is expected to bounce back quite strongly as technology refresh as well as investment in new application areas are likely to be on upswing. As many stalled projects are likely to resume across large-sized contact centers immediate future growth will be stable," he added.
Mr. Baidya also said that although organizations and contact centers alike are focusing on enhancing the customer experience, cost effectiveness proved to be an important factor for contact center operation. Contact centers across the region continued to invest in optimizing their operations and this resulted in a strong demand for workforce management (WFM) solutions, he added.
He said that BCPs (business continuity plans) are expected to drive new adoptions in the next few years. As a part of risk management measures, contact centers are likely to be decentralized.
Mr. Baidya said that the market trend was driven by weakening cost, and the mergers and acquisitions in the finance sector. This development will lead to the consolidation of contact centers and could lead to large deals in this sector, he added.
"Most of the vendors and channels continue to focus on CRM or new solutions using the existing applications such as outbound and speech technology," he said.
Mr. Baidya noted that the Asia Pacific contact center applications market recorded revenues of US$703.1 million in 2012, of which Japan and Australia, as the two largest markets contributed more than 44 per cent of total revenues in 2012. By 2019, India and China are likely to account for over 31 percent of the total market revenue, he added
He also said that the business, financial and services industry and telecom are likely to remain the top two verticals in the Japan contact center applications market during the forecast period.
"Retail, especially the e-mail order business, is expected to continue to grow for the next few years. The contribution from the government and education sectors are relatively low compared to these sectors' contribution in other Asian countries," he added.
Mr. Baidya also said that most importantly, vendors are trying to enhance their partnerships with channels to expand their coverage of the verticals.
He also said that small and medium businesses with 51-200 seats are expected to shift to software as a service (SaaS). Many vendors are offering attractive package applications targeted at SMBs to increase their on-premise solutions.
About Frost & Sullivan
Frost & Sullivan (frost.com), 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.
|
anna.tsuji[.]frost.com 
