Latest news with #CX-focused
Yahoo
10-02-2025
- Business
- Yahoo
Government Initiatives Propel Saudi Arabia's Digital Customer Experience Forward Says Astute Analytica
Saudi Arabia's CEM landscape thrives on AI-driven personalization, omni-channel approaches, and digital-first service models, transforming customer touchpoints across finance, healthcare, and retail while aligning with national modernization goals. New Delhi, Feb. 10, 2025 (GLOBE NEWSWIRE) -- According to new research published by Astute Analytica, the Saudi Arabia customer experience management market was valued at US$ 181.20 million in 2024 and is expected to reach US$ 887.40 million by 2033, growing at a CAGR of 19.70% during the forecast period 2025–2033. Saudi Arabia's Customer Experience Management (CXM) market is witnessing remarkable momentum, spurred by consistent economic expansion and a heightened focus on digitalization. In 2023, the Saudi Arabia CXM market was valued at USD 156.2 million, evidencing its robust foundations in the regional economy. This burgeoning sector is anticipated to grow at a compound annual growth rate (CAGR) of 19.4% from 2023 to 2030, showcasing the nation's strong commitment to improving customer touchpoints across different industries. These growth indicators reflect the symbiosis between CXM innovations and the broader digital ecosystem, resulting in continuous improvements in user satisfaction and organizational profitability. Download Free Sample Copy @ As per Astute Analytica, Saudi Arabia's customer experience management market is one of the most promising arenas for technology-driven solutions in the Middle East. This surge aligns seamlessly with the economic climate, given that Saudi Arabia's economy itself grew by 8.7% in 2022, creating a fertile environment for sustained CXM investments. As the market builds momentum, businesses in key sectors such as retail, banking, and telecommunications are rapidly adopting strategies that focus on personalization, automation, and analytics. This evolving landscape underscores the fact that organizations across the Kingdom, both large and small, are harnessing next-generation CX technologies to enhance customer loyalty, drive repeat business, and stay competitive in an increasingly digital marketplace. Key Findings in Saudi Arabia Customer Experience Management Market Market Forecast (2033) US$ 887.40 million CAGR 19.70% By Touch Points Call Centers (25%) By Customer Type B2C (68%) By Analytica Tool EFM Software (25%) By Application Customer Retention (28%) Top Drivers Accelerated digital connectivity initiatives expanding comprehensive CEM implementation in businesses Emergence of advanced analytics bridging data silos for enhanced customer insights Dedicated government programs fostering continuous innovation in CX-focused technologies Top Trends Evolution of AI-driven personalization reshaping service delivery across sectors Growing reliance on real-time customer data fueling proactive engagement strategies Convergence of cloud, mobile, and social channels unifying customer touchpoints Top Challenges Fragmented technology environments impeding seamless cross-channel interaction and data flows Cultural shifts requiring adaptive experience design balancing tradition and innovation Dearth of unified frameworks complicating multi-partner CEM orchestration efforts Government Initiatives Propel Saudi Arabia's Digital Customer Experience Landscape Forward Saudi Arabia's public sector plays a pivotal role in shaping its customer experience management market. A hallmark example is the Kingdom's dedication to digitizing government services, as approximately 97% of government services have been digitized in recent years. This modernization underscores the willingness to optimize experiences for citizens, modernize bureaucratic processes, and streamline service delivery. Notably, the Kingdom ranks second within the G20 countries in terms of digital competitiveness, a direct reflection of its successful digital transformation trajectory. As a result, public agencies strive to enhance end-user satisfaction through online portals, unified systems, and agile processes, thus raising overall expectations for CX across the private sector as well. Several frameworks and authorities have further bolstered this growth, catapulting Saudi Arabia into a leading position in digital government. For instance, the nation moved up to 31st place in the U.N. digital government programs by 2022, highlighting the government's focus on delivering high-quality e-services. In line with these ambitions, initiatives under Vision 2030 serve as a guiding force, seeking to diversify the economy and encourage innovation. The Ministry of Human Resources and Social Development (HRSD) has reported a customer satisfaction rate exceeding 90% in certain divisions, partly due to responsive digital solutions. Meanwhile, the Digital Government Authority is tasked with overseeing digital governance, ensuring that agencies meet stringent performance benchmarks. Further, the Unified National System for Government Correspondence facilitates secure electronic document exchange, and the government is actively promoting adoption of CXM solutions across sectors, underscoring how aligned policies fuel sustained growth in the Kingdom's customer experience management market. Shifting Consumer Preferences Boost Demand for Engaging CXM Solutions Locally As the digital wave sweeps across Saudi Arabia, consumers have become more discerning and have higher expectations for user-friendly, cross-channel interactions. An impressive 61% of consumers in Saudi Arabia reveal they would 'lose trust in a business following a negative customer experience,' highlighting the critical role of robust CXM strategies. Brands that fail to provide intuitive, personalized, and prompt engagement risk damaging their reputations in this consumer-centric market. Meanwhile, businesses are capitalizing on the country's 92% smartphone penetration rate and expecting internet penetration to reach 97% by 2025, paving the way for mobile-first strategies and omnichannel CX. In pursuit of meeting these consumer demands, companies in the Saudi Arabia customer experience management market are launching innovative solutions that incorporate personalization, artificial intelligence (AI), and real-time analytics. For instance, mobile-first CXM solutions have flourished as the widespread use of smartphones encourages instant communication and streamlined transactions. Simultaneously, the ongoing growth of e-commerce in Saudi Arabia widens the need for businesses to deliver seamless customer experiences across multiple digital platforms. Heightened regulatory attention also influences customer engagement. With the KSA Personal Data Protection Law (PDPL) now robustly enforced, secure and compliant CXM solutions have become a priority, bolstering consumer confidence. In addition, geopolitical tensions in the region have heightened the importance of cybersecurity, prompting organizations to invest in secure CXM platforms. This blend of technological innovation and consumer expectations underpins the upward curve in Saudi Arabia's CXM market. Industry-Specific CX Adoption Gains Momentum Across Saudi Arabia's Evolving Market Corporate enthusiasm for customer experience management market is surging, and different industries are leading the push for improved customer interactions. The Banking, Financial Services, and Insurance (BFSI) sector claims the highest market share, reflecting the sensitivity of financial transactions and the need for personalized, secure engagement. Moreover, the retail sector in Saudi Arabia tops CX performance metrics, focusing on marketing and personalization to deepen customer loyalty. Grocery retailers stand out too, as rising disposable incomes drive expectations for top-tier service, thereby increasing the demand for exceptional CX experiences. Indigenous success stories highlight how cutting-edge customer experience management market fosters brand loyalty. Al Rajhi Bank has gained significant traction by embracing digital transformation strategies that have led to solid market share gains and heightened customer satisfaction. Additionally, the telecommunications sector leverages AI and analytics to refine customer engagement, offering predictive insights to tackle emerging consumer needs. These efforts are supported by Vision 2030, Saudi Arabia's blueprint for diversification, which focuses not only on economic reforms but also on elevating the nation into a recognized hub of technological innovation. By addressing pain points, ensuring speed, and harnessing real-time data, Saudi enterprises position themselves to capture the modern consumer's loyalty. Inquire more about this report before purchasing: Cutting-Edge Providers and Emerging Opportunities Expand Saudi Arabia's CXM Horizon The Saudi Arabia customer experience management market increasingly attracts global technology providers looking to capitalize on the region's expanding digital footprint. As a result, the Saudi CXM market is highly competitive, with well-established names like SAP SE, Oracle, and Salesforce delivering advanced customer experience platforms. Retail and grocery businesses currently stand at the forefront, requiring integrated CX systems that handle real-time data, loyalty programs, and tailored promotions. Accordingly, the retail and grocery sectors continue to lead in CX performance, reflecting strong demand for cohesive customer engagement strategies. Parallel to these market forces in the customer experience management market, the Saudi government fosters an environment conducive to technological innovation. A dedicated body was established to define and implement customer experience strategies, emphasizing both innovation and citizen-centric solutions. Meanwhile, massive undertakings such as NEOM Smart City and the Red Sea Resort Project rely on cutting-edge CX frameworks to attract international visitors and elevate their experiences. As modernization efforts expand, high disposable income levels in the Kingdom fuel even higher service expectations — especially in retail and hospitality. In tandem, the telecommunications sector experiences a rise in omni-channel communications for enhanced customer interactions. The banking industry also invests heavily in customer engagement platforms to boost satisfaction and retention. Notably, the Saudi government's resolute commitment to elevating customer satisfaction aligns with Vision 2030 targets, further driving demand for CXM solutions. Future-Driven Strategies Solidify Saudi Arabia's Position as CXM Powerhouse Saudi Arabia's customer experience management market continues to expand, fueled by technological evolution and progressive government policies. The rapid digital transformation is reshaping customer expectations, prompting organizations to explore modern CXM approaches that integrate AI-driven personalization. R&D efforts consistently enhance the capabilities of AI and machine learning, enabling personalized customer interactions and in-depth analytics. Consequently, cloud-based CXM solutions have soared as businesses seek to manage customer data flexibly and cost-effectively. This approach resonates strongly in the public sector, which is progressively deploying advanced customer journey tools to bolster service delivery and citizen satisfaction. Amid these developments, the healthcare industry in Saudi Arabia stands out, with demand for customer experience management market on the rise to ensure optimal patient care and satisfaction. The hospitality and tourism sectors, propelled by Vision 2030, are similarly focusing on top-tier customer experiences to attract globe-trotters. In striving for such excellence, Saudi enterprises benefit from talented workforces and a culture of service innovation. Meanwhile, the Ministry of Human Resources and Social Development (HRSD) boasts customer satisfaction rates surpassing 90% in key divisions, reaffirming the tangible success of CX-driven initiatives. This surge in digital-first strategies aligns with data revealing that about 88% of businesses in Saudi Arabia have adopted advanced cloud solutions. Together, these metrics cement the Kingdom's focus on robust CX frameworks. As customer-centric models define future competitiveness, Saudi Arabia cements itself as a regional pioneer, continuously evolving to meet the demands of an increasingly discerning global audience. Saudi Arabia Customer Experience Management Market Major Players: SAP SE RAYA CUSTOMER EXPERIENCE e& enterprise Odoo Tec KSA Microsoft Corporation 2P Perfect Presentation Teleperformance SE Lucidya LLC AlasilaCX ccc (Saudi Telecom Company) Other Prominent Players Key Segmentation: By Component Solutions Services By Deployment Cloud On-premises By Enterprise Type Large Enterprises Small & Medium Enterprises By Touchpoint Call Center Website Mobile Application Email Social Media Others By Customer Type B2B B2C By Analytical Tools EFM Software Speech Analytics Text Analytics Web Analytics Content Management Others By Application Customer Retention Customer Service Customer Insights & Analytics Marketing Optimization Sales & Lead Management Others By End-user BFSI Retail & Consumer Goods IT & Telecom Healthcare Travel & Hospitality Media & Entertainment Utilities Others Ask For Customization @ About Astute Analytica Astute Analytica is a global analytics and advisory company which has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in depth and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the Globe. They are able to make well calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising of business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of best cost-effective, value-added package from us, should you decide to engage with us. Contact Us:Astute AnalyticaPhone: +1-888 429 6757 (US Toll Free); +91-0120- 4483891 (Rest of the World)For Sales Enquiries: sales@ LinkedIn | Twitter | YouTube CONTACT: Contact Us: Astute Analytica Phone: +1-888 429 6757 (US Toll Free); +91-0120- 4483891 (Rest of the World) For Sales Enquiries: sales@ Website: in to access your portfolio
Associated Press
04-02-2025
- Business
- Associated Press
Five9 Honors Outstanding Partner Performance with Global Partner Awards
SAN RAMON, Calif.--(BUSINESS WIRE)--Feb 4, 2025-- Five9 (Nasdaq: FIVN), provider of the Intelligent CX Platform, today announced the winners of its 2024 Global Partner Awards, recognizing the achievements of its global ecosystem of channel partners, Systems Integrators (SIs), strategic alliance partners, and Independent Software Vendors (ISVs). In 2024, Five9 partners continue to play a pivotal role in the company's growth, with partner-influenced business now accounting for over 80% of total new bookings in the past year. The expansive partner ecosystem has grown to include more than 1,400 partners globally, featuring many of the most impactful advisors, managed service providers, CX-focused strategic consultants, systems integrators, and complementary technology leaders. By focusing on the industry's most effective routes to market and empowering partners to enhance their practices, Five9 and its partners are driving the CX industry to unprecedented levels of innovation and success. 'We believe customer experience is the driving force behind business success and our partner ecosystem is central to this mission,' said Jake Butterbaugh, SVP Global Partner Organization, Five9. 'Together, we empower enterprises to deliver outstanding CX by embracing innovation and a shared vision for success. Our collaborative approach accelerates cloud transformations, ensures seamless deployments, and provides deeper insights for our customers. It's an honor to celebrate our Global Partner Award winners, who exemplify the excellence and values driving exceptional customer experiences.' The 2024 Five9 Global Partner Award recipients for outstanding achievement, innovation, and collaboration with Five9 include: Regional Partner Awards: These awards honor the top revenue-generating partners in specific regions, each setting the gold standard for excellence in partnership, innovation, and results. Partner Category Awards: These awards celebrate partners who have excelled in specific areas of collaboration, innovation, and growth. Advisory Partner of the Year: Upstack Honors a partner who has provided exceptional strategic guidance, insights, and counsel, helping clients navigate challenges and achieve their business goals. Breakthrough Partner of the Year: Calabrio and Zerviz Celebrates partners who have achieved extraordinary progress by significantly advancing their practices and driving impactful growth in 2024. Genius AI Partner of the Year: Presidio Recognizes a partner who has demonstrated outstanding expertise in leveraging Five9 Genius AI to deliver transformative solutions, driving business growth and enhancing customer experiences. ISV Partner of the Year: Pindrop Celebrates a partner that has demonstrated exceptional innovation, collaboration, and impact through their software solutions, seamlessly integrating with our platform to drive value for customers. Partner Marketing Excellence: OPUS Technology Honors a partner who has demonstrated exceptional creativity, strategy, and execution in their marketing efforts, showcasing innovation and impact in driving demand, elevating brand presence, and generating measurable business results. Partner Success Partner of the Year: Babble Recognizes a partner that has gone above and beyond in ensuring the success and satisfaction of customers, fostering long-term, sustainable relationships. Technology Alliance Partner of the Year: Verint Honors a partner that has demonstrated exceptional collaboration in driving technological innovation, delivering seamless integrations, and enhancing customer experiences as a pioneer and leader in AI-powered CX automation. Technology Solutions Distributor of the Year: Intelisys Awarded to the distributor who has delivered exceptional value through their technology solutions, driving innovation and enabling partner success. Transformational Partner of the Year: BT and ServiceNow Recognizes partners that have driven significant change and innovation, creating a profound impact on customers, their own organization, and the partnership. Partner Excellence Awards: Celebrates unwavering commitment to excellence in every facet of partnership. These partners excel across various areas, from generating demand to delivering exceptional value throughout the customer lifecycle. Connect Managed Services ICQ24 PanTerra Networks High Performance Partner of the Year: Honors those who consistently operate at an exceptional level within their region or area of expertise, demonstrating outstanding results and setting benchmarks for success. About Five9 Five9 empowers organizations to create hyper-personalized and effortless AI-driven customer experiences that deliver better business outcomes. Powered by Five9 Genius AI and our people, the Five9 Intelligent CX Platform is trusted by 3,000+ customers and 1,400+ partners globally. The New CX starts here and it's at the heart of every winning experience. For more information, visit SOURCE: Five9 Copyright Business Wire 2025. PUB: 02/04/2025 03:00 PM/DISC: 02/04/2025 03:00 PM
