Outbound Telemarketing Market to 2027, Future Outlook, COVID-19 Impact Analysis, Forecast 2021-2027

 

The Outbound Telemarketing is a marketing technique to develop new customers/clients and also retain the existing clients. Basically telemarketing is the direct marketing to potential customers of goods and services with the help of internet, telephone or fax. The outbound telemarketing is predominantly used in various sectors such as- financial services, IT & Telecom, Banking and Insurance, where this sector is projected to influence customers to purchase their products and services.  

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The Global Outbound Telemarketing Market was anticipated to grow with the exponential market size, shares and revenues with an estimated value of $9.6 billion in the 2020 and is expected to reach $12.3 billion by 2027 with the sequential rise in the CAGR of 3.6% during the forecast period 2021-2027. Based on the product type segment, the market is further categorized as Business to Customer and Business to Business. Business to customer segment is expected to dominate the market and is estimated to reach $7.4 billion by 2027 with a CAGR of 3.1% and raise the market value of the Global Outbound Telemarketing Market. Based on the region, the Outbound Telemarketing Market is dominated by the US region, with the estimated value of $2.8 billion in 2020 with a growing CAGR of 3%.

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The expansion of the Global Outbound Telemarketing Market is based on the market drivers such as- increasing global urbanization, raising digitization, increasing technological advancement, increasing sales of network and communication, and improved supply chain among the local merchants. As global urbanization increases, it will increase the demand for telemarketing with the growing technological advancement, which significantly impacts the growth of the market and raises the market value of Outbound Telemarketing. The rising trends for digitization propel the demand for digital devices, systems and operations that allow more consumers to adopt Outbound Telemarketing features. Thus, this factor is expected to raise the growth of the Global Outbound Telemarketing Market with a significant rate.

The strategies adopted by the outbound telemarketing include- lead generation, introduction, sales approach and closing the sales. Initially, the lead generation- this strategy focuses on enhancing the productivity and sales to generate potential customers; Introduction - to provide a brief and detailed introduction with the key points of product to convey a potential client to buy the product; Sales approach and closing- the sale is an end-process that includes an approach of selling the product and after the product is sold, it allows the system to close the sale by completing the payment process.

Market Coverage

·        The market number available for – 2020-2027

·        Base year- 2020

·        Forecast period- 2021-2027

·        Segment Covered-

o             By Type

o             By Application

·        Competitive Landscape- TeleTech Holdings Inc., Atento S.A., Concentrix Corporation, Alorica Inc., Arvato AG, MarketMakers Inc. ltd., and Convergys Corporation, among others.

Key questions addressed by the report

·        What is the market growth rate?

·        Which segment and region dominates the market in base year?

·        Which segment and region will project fastest growth in the market?

·        How COVID-19 impacted the market?

o             Recovery Timeline

o             Deviation from pre-COVID forecast

o             Most affected region and segment

·        Who is the leader in the market?

·        How players are addressing challenges to sustain growth?

·        Where is the investment opportunity?

Global Outbound telemarketing Market Report Segment

By Type

·        Business to Business

·        Business to Customer

By Application

·        BFSI

·        IT and Telecom

·        Consulting (Education & Job)

·        Retail

·        Government

·        Healthcare

·        Manufacturing

·        Life Sciences 

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Outbound Telemarketing Market– Segment by Region

North America          

·        United States

·        Canada

Europe

·        Germany

·        United Kingdom

·        France

·        Spain

·        Italy

·        Rest of Europe

Asia-Pacific   

·        China

·        Japan

·        India

·        Rest of Asia-Pacific

Rest of the World

·        Middle East & Africa

·        Latin America

Company Profiles

·        TeleTech Holdings Inc.

·        Atento S.A.

·        Concentrix Corporation

·        Alorica Inc.

·        Arvato AG

·        MarketMakers Inc. ltd.

·        Convergys Corporation

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2.      More than 120 countries are for analysis.

3.      Over 100+ paid data sources mined for investigation.

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