Key Highlights
- 86% of buyers are willing to pay more for better customer experience
- 73% of consumers point to customer experience as an important factor in their purchasing decisions
- 78% of consumers have ended a business relationship due to poor customer service
- Companies with strong omnichannel customer engagement retain an average of 89% of their customers
- 80% of customers say the experience a company provides is as important as its products or services
- 66% of consumers say they have higher expectations for customer service than they did a year ago
- 63% of consumers find new brands based on their customer service
- 81% of companies see customer experience as a competitive differentiator
- 70% of buying experiences are based on how the customer feels they are being treated
- 90% of Americans consider customer service an important factor in their choice of and loyalty to a brand
- Businesses investing in customer experience see a 10-15% increase in revenue
- 42% of consumers who have a negative experience will leave a review, and 22% will choose not to do business with that brand again
- 60% of consumers say that quick resolution of their issue is the most important aspect of customer service
In an era where 86% of buyers are willing to pay more for exceptional customer experiences, businesses that prioritize personalized, seamless, and omnichannel service are not just enhancing loyalty—they’re significantly boosting their bottom line.
Brand Loyalty and Trust
- 50% of consumers have stopped buying from a brand after a bad customer experience
- 92% of customers trust recommendations from friends and family over other forms of advertising
- 85% of consumers say they trust the recommendations of friends and family over other advertising sources
Brand Loyalty and Trust Interpretation
Business Performance and Investment
- Businesses investing in customer experience see a 10-15% increase in revenue
- Companies that prioritize customer experience generate 60% higher profits than their competitors
Business Performance and Investment Interpretation
Consumer Expectations and Preferences
- 66% of consumers say they have higher expectations for customer service than they did a year ago
- 75% of customers expect companies to use new technologies to improve their experience
- 65% of consumers expect companies to understand their individual needs better over time
- 54% of customers have higher expectations for service today than just a year ago
- 82% of buyers read online reviews before making a purchase decision
- 66% of consumers expect companies to understand their individual needs and preferences
Consumer Expectations and Preferences Interpretation
Customer Experience and Satisfaction
- 86% of buyers are willing to pay more for better customer experience
- 73% of consumers point to customer experience as an important factor in their purchasing decisions
- 78% of consumers have ended a business relationship due to poor customer service
- Companies with strong omnichannel customer engagement retain an average of 89% of their customers
- 80% of customers say the experience a company provides is as important as its products or services
- 63% of consumers find new brands based on their customer service
- 81% of companies see customer experience as a competitive differentiator
- 70% of buying experiences are based on how the customer feels they are being treated
- 90% of Americans consider customer service an important factor in their choice of and loyalty to a brand
- 42% of consumers who have a negative experience will leave a review, and 22% will choose not to do business with that brand again
- 60% of consumers say that quick resolution of their issue is the most important aspect of customer service
- 68% of customers are willing to pay more for better customer experiences
- 48% of customers state that they will switch companies if they don’t receive personalized service
- 82% of companies believe they deliver great customer experience, but only 8% of customers agree
- 70% of customers say that a company’s understanding of their individual needs influences their loyalty
- 77% of customers have chosen, recommended, or paid more for a brand that provides a good CX
- 65% of buyers say they have more positive buying experiences with brands that personalize services
- 51% of consumers say they are likely to recommend a business after one positive customer service experience
- 71% of customers say that their experience with a company has a greater influence on their loyalty than advertising
- 48% of consumers will abandon their shopping carts due to a poor online experience
- 65% of consumers say that a friendly customer service representative is the most important factor in their overall customer experience
- 85% of consumers say they are willing to pay more for a better customer experience
- 55% of consumers would pay more for personalized experiences
- 69% of customers say that a personalized experience influences their loyalty
- 91% of consumers are more likely to shop with brands that recognize, remember, and provide relevant offers and recommendations
- 45% of companies worldwide now focus on omnichannel customer engagement
- 83% of consumers say that their experience with a brand is just as important as the product or service itself
- 72% of customers will share a positive customer service experience with others, making word-of-mouth advertising highly effective
- 65% of consumers cite speed of service as a critical factor in their customer experience
- 46% of customers would recommend a brand that offers excellent customer service, although they might not buy more
- 70% of buyers say their loyalty depends on how well they are treated during each interaction
- 74% of consumers are likely to purchase based on positive reviews about customer service
- 90% of consumers are willing to pay more for a better customer experience
- 78% of consumers would switch brands due to poor service
- 60% of consumers say that the most important part of their experience is how quickly their issue is resolved
- 73% of consumers say that their customer service experience impacts their loyalty
- 40% of consumers abandon online purchases due to lack of support
- 63% of customers will stop doing business with a brand after a poor customer experience
Customer Experience and Satisfaction Interpretation
Digital Channels and Personalization
- 80% of customer service interactions are text or chat-based, highlighting the shift toward digital communication
Digital Channels and Personalization Interpretation
Sources & References
- Reference 1SAPResearch Publication(2024)Visit source
- Reference 2JOHNSONINSURANCEResearch Publication(2024)Visit source
- Reference 3MCKINSEYResearch Publication(2024)Visit source
- Reference 4NIELSENResearch Publication(2024)Visit source
- Reference 5PWCResearch Publication(2024)Visit source
- Reference 6FORBESResearch Publication(2024)Visit source
- Reference 7SUPEROFFICEResearch Publication(2024)Visit source
- Reference 8DREAMFORCEResearch Publication(2024)Visit source
- Reference 9ECONSULTANCYResearch Publication(2024)Visit source
- Reference 10SALESFORCEResearch Publication(2024)Visit source
- Reference 11ZENDESKResearch Publication(2024)Visit source
- Reference 12ACCENTUREResearch Publication(2024)Visit source
- Reference 13STATISTAResearch Publication(2024)Visit source
- Reference 14BRIGHTLOCALResearch Publication(2024)Visit source
- Reference 15SURVEYMONKEYResearch Publication(2024)Visit source
- Reference 16TTECResearch Publication(2024)Visit source