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Billion by 2030, growing at a CAGR of 6.0%. These might include customer satisfaction scores, first call resolution rates, average handling time, and cost per interaction. This practice has gained significant traction, with the global call center market estimated at US$332.2 Billion in 2023 and projected to reach US$500.1
percent between 2024 and 2030, all players in the industry will face cutthroat competition for market share. In such a situation, superior customer service can provide a competitive edge. It’s not surprising to note that when advertising costs go up, so does the cost of customer acquisition.
Companies that have personal interactions with a large segment of their customers see a 1-2% increase in total sales due to increases in loyalty. Customer acquisition is five to twenty-five times more expensive than customerretention. What are they doing that leads to that higher customer NPS and CSAT?
For example, a software company uses an AI-powered voice assistant to provide real-time updates on product development to its enterprise customers, resulting in faster issue resolution and improved customerretention. Improve product adoption rates by analyzing how customers are interacting with the product.
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