Global Interactive Voice Response (IVR) Systems Business Report 2023: Market to Reach $9.2 Billion by 2030 - Artificial Intelligence, Machine Learning & NLP Hold Tremendous Potential
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Dublin, Oct. 27, 2023 (GLOBE NEWSWIRE) -- The "Interactive Voice Response (IVR) Systems - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Interactive Voice Response (IVR) Systems Market to Reach $9.2 Billion by 2030

The global market for Interactive Voice Response (IVR) Systems estimated at US$4.9 Billion in the year 2022, is projected to reach a revised size of US$9.2 Billion by 2030, growing at a CAGR of 8.3% over the analysis period 2022-2030.

Touchtone-based, one of the segments analyzed in the report, is projected to record 7.8% CAGR and reach US$5.3 Billion by the end of the analysis period. Growth in the Speech-based segment is estimated at 9% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.5 Billion, While China is Forecast to Grow at 9.7% CAGR

The Interactive Voice Response (IVR) Systems market in the U.S. is estimated at US$1.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.6 Billion by the year 2030 trailing a CAGR of 9.7% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.2% and 7.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 8.4% CAGR.

What`s New?

  • Special discussions on the global economic climate and market sentiment

  • Coverage on global competitiveness and key competitor percentage market shares

  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial

  • Online interactive peer-to-peer collaborative bespoke updates

  • Access to digital archives and trademarked research platform

  • Complimentary updates for one year

  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

MARKET OVERVIEW

  • Impact of COVID-19 Pandemic on Call Centers

  • With Telehealth Growing Amidst the COVID-19 Pandemic, IVR Systems Emerge as Critical Technology to Enable Services

  • SMEs Increasingly Rely on Cloud Telephony amidst COVID-19 Pandemic

  • Interactive Voice Response (IVR) Systems: An Introduction

  • Features of Interactive Voice Response System

  • Advantages of Interactive Voice Response Technology

  • Types of IVR

  • Various Use Cases of IVR

  • Significance of IVR for Small Businesses

  • Global Market Prospects & Outlook

  • Growth Opportunities and Constraints for IVR Systems Market

  • Analysis by Technology

  • World Interactive Voice Response (IVR) Systems Market by Technology (2021 & 2027): Percentage Breakdown of Revenues for Touchtone-Based, and Speech-Based

  • Analysis by End-Use

  • Competitive Scenario

  • Select Popular IVR Systems

  • Select IVR Service Providers

  • Recent Market Activity

  • Interactive Voice Response (IVR) Systems - Global Key Competitors Percentage Market Share in 2022 (E)

  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)