Market Size of United States Customer Technical Support Services Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 9.34 Billion |
Market Size (2029) | USD 13.53 Billion |
CAGR (2024 - 2029) | 7.69 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
United States Customer Technical Support Services Market Analysis
The United States Customer Technical Support Services Market size is estimated at USD 9.34 billion in 2024, and is expected to reach USD 13.53 billion by 2029, growing at a CAGR of 7.69% during the forecast period (2024-2029).
- American businesses are increasingly embracing intelligent automation as part of initiatives for digital transformation that provide immediate advantages. To improve customer assistance during the pandemic, more American businesses are implementing conversational AI technologies, like chatbots, virtual agents, and voice assistants. The most common hosting choice for conversational AI is the public cloud, although on-premises deployment is preferred in heavily regulated sectors like banking and healthcare.
- A New York-based business called Lang.ai is creating a technology that automatically tags client chats to handle service issues rapidly. It revealed in May 2022 that it had raised USD 10.5 million in a Series A fundraising round coordinated by Nava Ventures (bringing its total raised to USD 15 million). Existing help desk platforms, like Zendesk and Intercom, are used by the platform to extract concepts from customer inquiries.
- Focusing on long-term commitment effectively preserves a positive relationship between suppliers and customers, much like other technical support trends. Companies that outsource seek clients with whom they may develop a long-term connection. Contrarily, choosing the ideal technical support outsourcing partner is a time-consuming process. Businesses are working to establish long-term cooperation and reliable relationships so that both companies can profit from one another cost-effectively. Therefore, long-term ties are far more beneficial than short-term commitments when it comes to business development.
- The rising fraudulent activities in the name of tech support make the customers suspicious; it hampers and tarnishes the image of the tech support industry and makes it difficult for technical assistance due to low trust and suspicion toward such services. This overall costs the company their support operations and forms a challenge for them.
- Due to COVID-19 and its rapid adoption of online channels across customers, businesses have developed extraordinary speed to provide top-notch customer service and compassionate employee care. Brands have reviewed how they use contact centers, how their staff provides great customer experiences, where those employees work, and how they might use digital channels to support the growth in contact center volume. During the pandemic, the market was initially at risk due to the sharp rise in call volume and abrupt switch to remote work-from-home models, but over time, these changes have given rise to a tremendous opportunity for the United States Customer Technical Support Services Market.
United States Customer Technical Support Services Industry Segmentation
In the United States Customer Technical Support Services Market, companies provide registered users technical support as a service to help clients. Technical help, which was previously only available by phone, is now also available online or through chat. Most large and midsize businesses currently outsource their tech support functions. Many businesses offer online forums where customers may converse about their products. By using these forums, businesses can cut support expenses without sacrificing the value of client feedback.
United States Customer Technical Support Services Market Size Summary
The United States Customer Technical Support Services Market is poised for significant growth, driven by the increasing adoption of intelligent automation and digital transformation initiatives. Businesses are leveraging conversational AI technologies, such as chatbots and virtual agents, to enhance customer support, particularly in response to the challenges posed by the COVID-19 pandemic. The market is characterized by a shift towards long-term partnerships in technical support outsourcing, as companies seek to build sustainable relationships that offer mutual benefits. However, the industry faces challenges due to rising fraudulent activities, which have led to customer skepticism and trust issues. Despite these challenges, the market has seen opportunities emerge from the rapid shift to remote work and the increased reliance on digital channels for customer service.
The competitive landscape of the United States Customer Technical Support Services Market is marked by the presence of major multinational companies, which are actively pursuing strategies such as mergers, acquisitions, and partnerships to expand their market reach and enhance their service offerings. The market is also influenced by the growing demand for software support services, driven by the need for regular updates and patch management to safeguard against cyberattacks. As the consumer electronics market continues to expand, fueled by high disposable incomes and the adoption of advanced technologies, the demand for technical support services is expected to rise. This growth is further supported by the increasing prevalence of connected devices and the need for robust customer support to manage these technologies effectively.
United States Customer Technical Support Services Market Size - Table of Contents
-
1. MARKET OVERVIEW
-
2. MARKET SEGMENTATION
-
2.1 Market Estimation And Forecast For Consumer Technical Support Services
-
United States Customer Technical Support Services Market Size FAQs
How big is the United States Customer Technical Support Services Market?
The United States Customer Technical Support Services Market size is expected to reach USD 9.34 billion in 2024 and grow at a CAGR of 7.69% to reach USD 13.53 billion by 2029.
What is the current United States Customer Technical Support Services Market size?
In 2024, the United States Customer Technical Support Services Market size is expected to reach USD 9.34 billion.