Call Recording Featured Article

Study Shows IP Call Recording Fueling Strong Growth in QM Sector

December 18, 2007

 
How big is the workforce optimization market? Big, and getting bigger, according to evidence both anecdotal and scientific. In particular, the quality monitoring market segment has outstanding growth potential.
 
DMG Consulting recently published its fourth annual QM/Liability Recording Product and Market Report, an authoritative guide to the contact center QM/Liability Recording and Workforce Optimization (WFO) market. DMG forecasts more than $2.3 billion in sales of QM/liability recording and WFO products will be sold by the end of this year, which represents a 10 percent increase over 2006. 

 
The continued growth is being driven by migration to IP recording, valuable new applications and significant refinements to established offerings, and a new generation of mid-tier vendors entering the market. Many vendors are focusing on the small and medium business market which is still largely untouched and likely to be a growth market itself in 2008 and beyond.
 
“In a basically mature market with significant consolidation in the past year, the rate of growth was impressive,” said Donna Fluss, president and founder of DMG.  “Credit goes to the vendors –both leaders and contenders-who produced a significant amount of innovation in response to customer demand.  2008 promises to be another healthy year of growth in this market.”
 
IP recording technologies are enabling companies that were not large enough, or not centralized enough, to take advantage of traditional recording solutions in the past.
 
The QM/Liability Recording Product and Market Report is one of a series of market reports published by DMG annually. It covers more than 45 companies in the market and profiles 14 leading firms and contenders in depth.
For more information, visit www.dmgconsult.com.
 
 
Tracey Schelmetic is editorial director for CUSTOMER INTER@CTION Solutions. For more articles please visit Tracey Schelmetic’s columnist page.
 
 
Don’t forget to check out TMCnet’s Whitepaper Library, which provides a selection of in-depth information on relevant topics affecting the IP Communications industry. The library offers whitepapers, case studies and other documents which are free to registered users.

Featured Whitepapers

  • Creating Accurate Forecasts in Enterprise Workforce Management
    Social networks have changed business. This goes without saying. But what social networks also have done is highlight the fundamental importance of the customer experience when it comes to product and brand marketing.
  • Top 10 Ways To Boost Contact Center Agent Performance
    This white paper touches on the ways your contact center can improve agent performance by using a call recording and quality monitoring solution. Improving agent performance has many benefits, including creating a healthy work environment, where teams of agents can collectively strive to achieve common goals. It also makes sense that improved agent performance will also yield an improved customer experience.
  • Benefits of Call Recording & Call Monitoring for a Call Center
    This white paper touches on the many benefits your call center will receive when choosing to implement a call recording and call monitoring system. Beyond compliance concerns, there are also quality assurance gains to be leveraged from your recorded calls. Your recordings become assets, an inventory of data from which you can find emerging trends, performance flaws, identify your team's superstars, and ultimately, maximize your center's opportunities creating an environment of stellar customer service.