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CRM Systems and Contact Centers Propel Growth in Outbound Dialing Markets.


PALO ALTO Palo Alto, city, California
Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries.
, Calif. -- The outbound dialing market is impacted largely by the recent legislations in regional markets. Mandates such as the Do-Not-Call (DNC DNC Democratic National Committee
DNC Democratic National Convention
DNC Do Not Call
DNC Delaware North Companies
DNC Domain Name Commissioner
DNC Direct Numerical Control
DNC Do Not Change
DNC Does Not Compute
DNC Digital Nautical Chart
) legislation in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  and the Telephone Preference Service in the United Kingdom restrict outbound communications.

However, vendors are effectively negating the influence of these directives and even market maturity by creating tactical strategies. Well-documented return on investments (ROIs) and quantifiable value propositions drive the outbound dialing market and are crucial to ensure the success of new products. Innovative ways of using outbound dialing products to deliver proactive customer care is a major driver promoting growth in this sector.

New analysis from Frost & Sullivan (www.it.frost.com), World Outbound Dialing Markets, reveals that revenue in this market totaled $170.8 million in 2004 and projects to reach $204.9 million in 2011.

If you are interested in a virtual brochure, which provides an overview of the latest analysis of the World Outbound Dialing Markets - then send an email to Mireya Castilla - Corporate Communications Corporate communications is the process of facilitating information and knowledge exchanges with internal and key external groups and individuals that have a direct relationship with an enterprise.  at mireya.castilla@frost.com with the following information: your full name, company name, title, telephone number, fax number and email. Upon receipt of the above information, an overview will be sent to you via e-mail.

The use of outbound dialing systems in traditional areas such as telemarketing, credit card collections, and proactive customer care campaigns minimize the adverse impact of the legislations.

"Strategic incorporation of outbound dialing products on a large scale into contact centers and customer service projects has allowed vendors to combat the market downswing down·swing  
n.
1. A swing downward, as of a golf club.

2. A decline, as of a business.

Noun 1. downswing - a swing downward of a golf club
 and augment revenues," explains Frost & Sullivan Industry Analyst Seema Lall. "Outbound Dialing products are increasingly used to provide superb customer service, as a competitive differentiator in a service oriented culture."

Outbound dialing products also enhance customer care services and have earned a place in business process outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in  (BPO BPO Business Process Outsourcing
BPO Benevolent & Protective Order (of Elks of the USA)
BPO Benzoyl Peroxide
BPO Business Process Optimization
BPO Broker Price Opinions
BPO Buffalo Philharmonic Orchestra
) in combination with contact center platforms.

The ability of outbound dialing technology to support multiple interaction mediums such as e-mail and text messaging Sending short messages to a smartphone, pager, PDA or other handheld device. Text messaging implies sending short messages generally no more than a couple of hundred characters in length.  is further boosting its deployment. Blending of inbound and outbound calls within a single customer interaction platform further enhances agent productivity and increases deployments.

The successful role of outbound dialing systems in gaining and retaining users is promoting its assimilation into customer relationship management (CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. ) systems. Outbound dialing solutions allow for enhanced consumer support, which acts as a differentiator in an intensely competitive atmosphere.

For instance, the installation of predictive dialers deals with new customers, updates callers on products and services, and conduct customer satisfaction surveys. These outbound systems can handle situations such as responding to an advertising campaign and caller requests efficiently with relevant information.

"CRM systems contain a wealth of data on customer needs and wants, and allows enterprises to customize messages and target the people most likely to buy a particular product," observes Lall. "Integration of outbound dialing into a comprehensive CRM strategy is likely to ensure greater cost-effectiveness of marketing investments."

The positive outlook of this market can be further advanced by unified solutions that support multiple mediums (i.e. Web chats and e-mail), distributed contact centers (i.e. time division multiplexing (communications) time division multiplexing - (TDM) A type of multiplexing where two or more channels of information are transmitted over the same link by allocating a different time interval ("slot" or "slice") for the transmission of each channel. I.e.  (TDM (Time Division Multiplexing) A technology that transmits multiple signals simultaneously over a single transmission path. Each lower-speed signal is time sliced into one high-speed transmission. ) and Internet protocol See Internet and TCP/IP.

(networking) Internet Protocol - (IP) The network layer for the TCP/IP protocol suite widely used on Ethernet networks, defined in STD 5, RFC 791. IP is a connectionless, best-effort packet switching protocol.
 (IP) based), and blended environments.

The World Outbound Dialing Markets is a part of the F239 subscription and offers an in-depth analysis of the industry challenges, market drivers and restraints. This study looks at key trends and analyzes the competitive scenario to give participants an added edge over market rivals. It also offers market forecasts as well as competitive analysis and strategic growth recommendations. Executive summaries and analyst interviews are available to the press.

Frost & Sullivan, a global growth consulting company Noun 1. consulting company - a firm of experts providing professional advice to an organization for a fee
consulting firm

business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a
, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community, by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit http://www.frost.com

World Outbound Dialing Markets

F239

Keywords in this research: outbound dialing, Do-Not-Call, DNC, Telephone Preference Service, return on investments, ROIs, business process outsourcing, BPO, China, India, the Philippines, telemarketing, customer relationship management, CRM, predictive dialers, Web chats, e-mail, distributed contact centers, time division multiplexing (TDM), Internet protocol, IP, blended environments, research, information, market, trends, technology, service, forecast, market share, proactive customer care
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Apr 25, 2005
Words:742
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