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Saudi Arabia Customer Experience Management Market

Saudi Arabia Customer Experience Management Market

Saudi Arabia Customer Experience Management (CXM) Market, By Analytical Tools (EFM Software, Speech Analytics, Text Analytics, Web Analytics & Content Management, Others); By Touch Point Type (Stores/Branches, Call Centers, Social Media Platform, Email, Mobile, Web Services, Others); By Deployment (Cloud, On-premises); By Organization Size (Large Enterprises, Small and Medium-sized Enterprises (SMEs)); By End Use (BFSI, Retail, Healthcare, IT & Telecom, Manufacturing, Government, Energy & Utilities, Construction, Real Estate & Property Management, Service Business, Others), Trend Analysis, Competitive Landscape & Forecast, 2019–2030

  • Published Date: November 2024
  • Report ID: BWC24847
  • Available Format: PDF
  • Page: 116

Report Overview

Growing focus on and investments in Artificial Intelligence (AI) and Machine Learning (ML), the shift to cloud technology, and the need for enhanced customer interactions are expected to drive Saudi Arabia Customer Experience Management (CXM) Market during the forecast period between 2024 and 2030.

Saudi Arabia Customer Experience Management (CXM) Market – Industry Trends & Forecast Report, 2030

Saudi Arabia Customer Experience Management (CXM) Market size by value was estimated at USD 156.2 million in 2023. During the forecast period between 2024 and 2030, Saudi Arabia Customer Experience Management (CXM) Market size is expected to expand at a CAGR of 19.40% reaching a value of USD 746.8 million by 2030. Saudi Arabia Customer Experience Management (CXM) Market is driven by high investments in technologies like Artificial Intelligence (AI) and Machine Learning (ML), the shift to cloud technology, and the need for enhanced customer interactions. These factors are enabling businesses to provide more personalized and efficient customer experiences, fostering market growth.

Saudi Arabia Customer Experience Management Market

Customer Experience Management (CXM) – Overview

Customer Experience Management (CXM) involves the strategies, processes, and technologies that organizations use to manage and improve their interactions with customers. The goal is to enhance customer satisfaction, loyalty, and advocacy by delivering personalized, seamless, and positive experiences across all touchpoints. CXM leverages data analytics, artificial intelligence, and customer feedback to understand customer needs and preferences, enabling businesses to tailor their products and services for better engagement and long-term relationships.

Saudi Arabia Customer Experience Management (CXM) Market

Growth Drivers

Rising Customer Expectations Drive Customer Experience Management (CXM)

Saudi Arabia Customer Experience Management (CXM) Market is fueled by rising customer expectations. With the proliferation of digital touchpoints and personalized services, customers now expect seamless, efficient, and tailored interactions across all channels. Companies are investing heavily in CXM technologies to meet these demands, improve customer satisfaction, and foster loyalty. Advanced analytics, AI, and real-time feedback mechanisms are being leveraged to understand and anticipate customer needs, driving the growth of the CXM Market.

Challenges

Data Privacy and Security Concerns

Data privacy and security concerns pose a significant restraint on Saudi Arabia Customer Experience Management (CXM) Market. As businesses collect and utilize customer data for personalization, customers are increasingly wary of how their information is managed and protected. High-profile data breaches and stringent privacy regulations, such as GDPR and CCPA, have heightened these concerns. Companies must balance personalization with robust data protection measures to maintain customer trust and comply with legal requirements.

Impact of Escalating Geopolitical Tensions on Saudi Arabia Customer Experience Management (CXM) Market

Intensifying geopolitical tensions among countries and fruther spreading across the regions, particularly in the Middle East, could significantly impact Saudi Arabia Customer Experience Management (CXM) Market. Economic, political, and trade tensions could disrupt regional trade, leading to fluctuations in material costs and supply chain instability. Political instability may deter foreign investments and affect consumer confidence, resulting in reduced spending on customer experience initiatives. Additionally, trade restrictions and sanctions can limit access to essential technologies and services, further limiting market growth.

Saudi Arabia Customer Experience Management (CXM) Market

Segmental Coverage

Saudi Arabia Customer Experience Management (CXM) Market – By Analytical Tools

Based on analytical tools, Saudi Arabia Customer Experience Management (CXM) Market is divided into EFM Software, Speech Analytics, Text Analytics, Web Analytics & Content Management, and other segments. The web analytics & content management segment holds the largest share of Saudi Arabia Customer Experience Management (CXM) Market by analytical tools. The segment dominates due to the rising emphasis on digital engagement and customer satisfaction across online platforms. With Saudi Arabia’s growing e-commerce and digital services sectors, companies prioritize web analytics to gain insights into user behavior, enhance content, and personalize customer interactions. As a result, demand for web analytics & content management tools continues to drive growth within the Customer Experience Management (CXM) Market in the Kingdom.

Saudi Arabia Customer Experience Management Market Size

Saudi Arabia Customer Experience Management (CXM) Market – By Touch Point Type

On the basis of touch point type, Saudi Arabia Customer Experience Management (CXM) Market is divided into Stores/Branches, Call Centers, Social Media Platform, Email, Mobile, Web Services, and other segments. The stores/branches segment stands as the largest touch point type, due to a high emphasis on in-person customer interactions within physical locations, which many consumers in Saudi Arabia still prefer for trust and personalized services. The segment benefits from local cultural preferences and the continued expansion of retail and service centers, which prioritize a seamless and positive in-store customer experience to foster loyalty and satisfaction among consumers.

Saudi Arabia Customer Experience Management Market Share

Saudi Arabia Customer Experience Management (CXM) Market – By Deployment Mode

By deployment Mode, Saudi Arabia Customer Experience Management (CXM) Market is bifurcated into Cloud and On-premises segments. The cloud segment holds a larger share, driven by a surge in cloud adoption across sectors for its scalability, flexibility, and cost-effectiveness. Cloud-based CXM solutions enable real-time insights, enhance customer interaction capabilities, and offer faster deployment compared to on-premises solutions. Additionally, as Saudi organizations increasingly prioritize digital transformation in alignment with Vision 2030, the demand for cloud-based CXM solutions continues to grow, cementing its leading position in the market.

Saudi Arabia Customer Experience Management (CXM) Market – By Organization Size

By organization size, Saudi Arabia Customer Experience Management (CXM) Market is split into Large Enterprises and Small and Medium-sized Enterprises (SMEs) segments. The large enterprises segment holds a higher market share of Saudi Arabia Customer Experience Management (CXM) Market. Large organizations often have extensive customer bases and complex operations, making them more reliant on advanced customer experience solutions to streamline their interactions across various touchpoints. Large enterprises have greater financial resources and a need for comprehensive, scalable solutions, which drives demand for sophisticated CXM tools and technologies to enhance customer satisfaction and retention.

Saudi Arabia Customer Experience Management Market Growth

Saudi Arabia Customer Experience Management (CXM) Market – By End Use

Based on end use, Saudi Arabia Customer Experience Management (CXM) Market is divided into BFSI, Retail, Healthcare, IT & Telecom, Manufacturing, Government, Energy & Utilities, Construction, Real Estate & Property Management, Service Business, and other segments. BFSI (Banking, Financial Services, and Insurance) is the largest end use segment of Saudi Arabia Customer Experience Management (CXM) Market. The BFSI sector leads due to the growing adoption of digital banking services, customer-centric innovations, and increasing competition within the financial industry. Financial institutions are heavily investing in customer experience solutions to improve service quality, build customer loyalty, and enhance operational efficiency, making BFSI the dominant driver in the CXM market in Saudi Arabia.

Competitive Landscape

Key players in the highly competitive Saudi Arabia Customer Experience Management (CXM) Market include Raya Customer Experience, e& enterprise, 2P Perfect Presentation, Teleperformance SE, Lucidya LLC, KPMG Professional Services, AlasilaCX, SAP SE, and XEBO.ai. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2023

Base Year – 2023

Estimated Year – 2024

Forecast Period – 2024–2030

Facts Covered

Revenue in USD Million 

Market Coverage

Saudi Arabia

Product/Service Segmentation

Analytical Tools, Touch Point Type, Deployment Mode, Organization Size, End Use

Key Players

Raya Customer Experience, e& enterprise, 2P Perfect Presentation, Teleperformance SE, Lucidya LLC, KPMG Professional Services, AlasilaCX, SAP SE, XEBO.ai

 

By Analytical Tools

  • EFM Software

  • Speech Analytics

  • Text Analytics

  • Web Analytics & Content Management

  • Others

By Touch Point Type

  • Stores/Branches

  • Call Centers

  • Social Media Platform

  • Email

  • Mobile

  • Web Services

  • Others

By Deployment Mode

  • Cloud

  • On-premises

By Organization Size

  • Large Enterprises

  • Small and Medium-sized Enterprises (SMEs)

By End Use

  • BFSI

  • Retail

  • Healthcare

  • IT & Telecom

  • Manufacturing

  • Government, Energy & Utilities

  • Construction, Real Estate & Property Management

  • Service Business

  • Others

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. Saudi Arabia Customer Experience Management (CXM) Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Rising Customer Expectations
        2. Digital Transformation
        3. Data-Driven Decision Making
      2. Restraints
        1. High Initial Investment
        2. Data Privacy and Security Concerns
      3. Opportunities
        1. Increased Competition
        2. Advancements in Technology
      4. Challenges
        1. Complexity of Implementation
        2. Resistance to Change
    3. Technological Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. Saudi Arabia Customer Experience Management (CXM) Market: Marketing Strategies
  5. Saudi Arabia Customer Experience Management (CXM) Market: Pricing Analysis
  6. Saudi Arabia Customer Experience Management (CXM) Market Overview
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Analytical Tools
        1. EFM Software
        2. Speech Analytics
        3. Text Analytics
        4. Web Analytics & Content Management
        5. Others
      2. By Touch Point Type
        1. Stores/Branches
        2. Call Centers
        3. Social Media Platform
        4. Email
        5. Mobile
        6. Web Services
        7. Others
      3. By Deployment
        1. Cloud
        2. On-premises
      4. By Organization Size
        1. Large Enterprises
        2. Small and Medium-sized Enterprises (SMEs)
      5. By End Use
        1. BFSI
        2. Retail
        3. Healthcare
        4. IT & Telecom
        5. Manufacturing
        6. Government, Energy & Utilities
        7. Construction, Real Estate & Property Management
        8. Service Business
        9. Others
  7. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Saudi Arabia Customer Experience Management (CXM) Company Market Share Analysis, 2023
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  8. Impact of Escalating Geopolitical Tensions on Saudi Arabia Customer Experience Management (CXM) Market
  9. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
    1. Raya Customer Experience
    2. e& enterprise
    3. 2P Perfect Presentation
    4. Teleperformance SE
    5. Lucidya LLC
    6. KPMG Professional Services
    7. AlasilaCX
    8. SAP SE
    9. XEBO.ai
    10. Other Prominent Players
  10. Key Strategic Recommendations
  11. Research Methodology
    1. Qualitative Research
      1.   Primary & Secondary Research
    2.    Quantitative Research
    3.    Market Breakdown & Data Triangulation
      1.   Secondary Research
      2.   Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5.    Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

 

 

List of Figures

 

Figure 1       Saudi Arabia Customer Experience Management (CXM)  Segmentation

Figure 2       Saudi Arabia Customer Experience Management (CXM)  Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2023

Figure 4       Saudi Arabia Customer Experience Management (CXM)  Market Size, By Value (USD Million), 2019-2030

Figure 5       Saudi Arabia Customer Experience Management (CXM)  Market Share, By Analytical Tools,  By Value, 2019-2030

Figure 6       Saudi Arabia Customer Experience Management (CXM)  Market Share, By Touch Point Types, By Value, 2019-2030

Figure 7       Saudi Arabia Customer Experience Management (CXM)  Market Share, By Deployment,  By Value, 2019-2030

Figure 8       Saudi Arabia Customer Experience Management (CXM)  Market Share, By Organization Size, By Value, 2019-2030

Figure 9       Saudi Arabia Customer Experience Management (CXM)  Market Share, By End Use, By Value, 2019-2030

 

List of Tables

 

Table 1        Saudi Arabia Customer Experience Management (CXM)  Market Size, By Value (USD Million), 2019-2030

Table 2        Saudi Arabia Customer Experience Management (CXM)  Market Size, By Analytical Tools,  By Value, 2019-2030

Table 3        Saudi Arabia Customer Experience Management (CXM)  Market Size, By Touch Point Types, By Value, 2019-2030

Table 4        Saudi Arabia Customer Experience Management (CXM)  Market Size, By Deployment,  By Value, 2019-2030

Table 5        Saudi Arabia Customer Experience Management (CXM)  Market Size, By Organization Size, By Value, 2019-2030

Table 6        Saudi Arabia Customer Experience Management (CXM)  Market Size, By End Use, By Value, 2019-2030

Table 7        Raya Customer Experience Company Overview

Table 8        Raya Customer Experience Financial Overview

Table 9        e& enterprise Company Overview

Table 10      e& enterprise Financial Overview

Table 11      2P Perfect Presentation Company Overview

Table 12      2P Perfect Presentation Financial Overview

Table 13      Teleperformance SE Company Overview

Table 14      Teleperformance SE Financial Overview

Table 15      Lucidya LLC  Company Overview

Table 16      Lucidya LLC  Financial Overview

Table 17      KPMG Professional Services Company Overview

Table 18      KPMG Professional Services Financial Overview

Table 19      AlasilaCX Company Overview

Table 20      AlasilaCX Financial Overview

Table 21      SAP SE Company Overview

Table 22      SAP SE Financial Overview

Table 23      XEBO.ai  Company Overview

Table 24      XEBO.ai  Financial Overview

Market Segmentation

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No data available

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Frequently Asked Questions (FAQs):

Ans: Saudi Arabia Customer Experience Management (CXM) Market size by value was estimated at USD 156.2 million in 2023.
Ans: Saudi Arabia Customer Experience Management (CXM) Market by value is expected to grow at a CAGR of 19.40% during the forecast period between 2024 and 2030.
Ans: Saudi Arabia Customer Experience Management (CXM) Market size is forecast to reach a value of USD 746.8 million by 2030.
Ans: Growth of Saudi Arabia Customer Experience Management (CXM) Market is primarily driven by high investments in Artificial Intelligence (AI) and Machine Learning (ML), the shift to cloud technology, and the need for enhanced customer interactions.
Ans: Key players in Saudi Arabia Customer Experience Management (CXM) Market include Raya Customer Experience, e& enterprise, 2P Perfect Presentation, Teleperformance SE, Lucidya LLC, KPMG Professional Services, AlasilaCX, SAP SE, and XEBO.ai.
Ans: The BFSI segment accounts for the highest market share of Saudi Arabia Customer Experience Management (CXM) Market by end use.
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