Genesys has been ranked first for 2020 market share in the IDC Worldwide Contact Center Applications Software Market Shares 2020 report, placing first in the overall revenue share standings with 13.8 percent share.
Nice Systems with share of 11.5 percent, Avaya with 11.3 percent, Cisco with 6.3 percent are the other leading players in the worldwide contact center applications software market, the IDC report said.
Genesys created Experience as a ServiceSM to deliver empathy at scale. Through the cloud, digital and artificial intelligence (AI), Genesys makes it possible for companies to listen, understand and predict customer behavior before they act to deliver more personalized experiences. This new direction for the industry has been well received by businesses, fueling strong growth for the Genesys cloud business.
In fiscal year 20211, new bookings increased nearly 130 percent for the Genesys Cloud CX platform and more than 70 percent for the Genesys Multicloud CX solution. The company also increased its traction over legacy vendors, driving three displacements per day from Avaya and Cisco alone.
ML Maco, Executive Vice President of Global Sales and Field Operations at Genesys, said: “Consumer expectations and business needs are constantly changing, and we expect our momentum to continue as we help even more businesses deliver empathetic experiences for both customers and employees.”
“We’ve seen a shift towards contact center modernization over the past year,” said Mary Wardley, Program Vice President for Customer Care and CRM at IDC. “The pandemic underscored the need for business agility and flexibility, and Genesys continues to be positioned to deliver the cloud, digital and AI capabilities that businesses need to thrive.”
The IDC report highlights a number of key milestones
Genesys strengthened its leadership team under CEO Tony Bates, who was appointed in May 2019, with a growing wave of new talent including Joyce Kim, Chief Marketing Officer, who brings deep background in technology marketing from companies including Arm, Microsoft and Google.
Genesys has expanded product focus on cloud, digital and AI with the introduction of the Genesys Multicloud CX and Genesys Cloud CX business units in September 2019, and the Genesys DX solution for digital and AI in December 2020.
Genesys helped more than 700 businesses quickly and seamlessly transition their customer experience employees to remote work within days during the COVID-19 pandemic, including offering free access to Genesys Cloud CX for a limited time.
Genesys has introduced a microservices container architecture with Genesys Multicloud CX, which can support any cloud infrastructure, including private or public cloud.
Genesys expanded its partnership with Microsoft to include native integration of Microsoft Teams with Genesys Cloud CX to increase agent productivity and effectiveness.
Genesys forged a new partnership with Adobe to include an integration between Genesys Cloud CX and Adobe Experience Platform to provide companies with a deeper understanding of customer context across every touch point.