Key Highlights
- 86% of consumers are willing to pay more for better customer experience
- 73% of consumers point to customer experience as an important factor in their purchasing decisions
- 42% of customers who had a poor service experience will not purchase from the same brand again
- 70% of the buying experience is based on how the customer feels they are being treated
- 80% of enterprise executives believe they deliver a superior customer experience, but only 8% of their customers agree
- 60% of companies state customer experience is a competitive differentiator
- Investments in customer experience are expected to reach $640 billion globally by 2024
- 91% of consumers are more likely to shop with brands that provide relevant offers and recommendations
- 89% of consumers begin their journey with a brand’s website, emphasizing digital customer experience importance
- 57% of consumers have stopped interacting with a brand due to poor digital customer service
- 74% of customers are likely to switch brands if they don’t receive personalized service
- 65% of buyers say a website’s ease of use influences their brand loyalty
- 66% of consumers expect companies to understand and anticipate their needs
In an era where 86% of consumers are willing to pay more for exceptional customer experiences, the battle for digital dominance among IT companies has never been more critical, revealing a striking gap between perceived service excellence and actual customer satisfaction.
Consumer Trust and Recommendations
- 92% of consumers trust recommendations from friends and family over any other form of advertising
- 81% of consumers want brands to use their data responsibly
Consumer Trust and Recommendations Interpretation
Customer Expectations and Preferences
- 73% of consumers point to customer experience as an important factor in their purchasing decisions
- 91% of consumers are more likely to shop with brands that provide relevant offers and recommendations
- 66% of consumers expect companies to understand and anticipate their needs
- 91% of customers would use an omnichannel approach for support if available
- 63% of consumers expect companies to offer consistent experiences across channels
- 55% of customers prefer self-service options for quick resolutions
- 62% of B2B buyers expect personalized communications at every stage of their customer journey
- 79% of customers say they will only engage with brands if they provide personalized experiences
- 70% of consumers expect companies to understand their needs and expectations in real-time
- 87% of customers say they want more human interactions during their online experience
- 75% of consumers expect companies to understand their unique needs
- 54% of customers have higher expectations for digital customer service post-pandemic
Customer Expectations and Preferences Interpretation
Customer Experience Satisfaction and Loyalty
- 86% of consumers are willing to pay more for better customer experience
- 42% of customers who had a poor service experience will not purchase from the same brand again
- 70% of the buying experience is based on how the customer feels they are being treated
- 80% of enterprise executives believe they deliver a superior customer experience, but only 8% of their customers agree
- 60% of companies state customer experience is a competitive differentiator
- Investments in customer experience are expected to reach $640 billion globally by 2024
- 89% of consumers begin their journey with a brand’s website, emphasizing digital customer experience importance
- 57% of consumers have stopped interacting with a brand due to poor digital customer service
- 74% of customers are likely to switch brands if they don’t receive personalized service
- 65% of buyers say a website’s ease of use influences their brand loyalty
- 96% of customers who had a positive customer service experience are likely to repurchase
- 70% of buying experiences are based on how the customer feels they are being treated
- Companies with excellent customer experience see 4-8% higher revenues compared to their competitors
- 83% of customers say they are satisfied when their issues are resolved quickly
- 77% of consumers have chosen, recommended, or paid more for a brand that provides excellent customer experience
- 70% of customers are more likely to buy from a brand that personalizes their experience
- 60% of companies believe their digital transformation directly impacts customer experience
- 80% of customers will switch to a competitor after a poor customer experience
- 54% of companies state that providing better customer experience results in higher profit
- 92% of companies believe their customer experience strategy is important to their overall business success
- 83% of customers say they are likely to recommend a brand that provides excellent customer service
- 64% of companies believe improving customer experience will increase customer retention
- 68% of customers say they are more likely to continue doing business with a brand that personalizes experiences
- 72% of customers will share their positive customer experiences on social media
- 55% of organizations state that customer experience is their primary differentiator
- 74% of customers are more likely to return to a website that offers live chat support
Customer Experience Satisfaction and Loyalty Interpretation
Customer Interaction and Communication Channels
- 68% of customers say they are more comfortable interacting with digital channels than in person
- 60% of companies are investing in omnichannel customer engagement
- 61% of consumers prefer to contact companies via messaging apps rather than email or phone
Customer Interaction and Communication Channels Interpretation
Digital Transformation and Personalization
- 85% of customer interactions are expected to be managed without human intervention by 2025
Digital Transformation and Personalization Interpretation
Sources & References
- Reference 1PWCResearch Publication(2024)Visit source
- Reference 2COMSCOREResearch Publication(2024)Visit source
- Reference 3OXERAResearch Publication(2024)Visit source
- Reference 4BAINResearch Publication(2024)Visit source
- Reference 5DDIWORLDResearch Publication(2024)Visit source
- Reference 6GARTNERResearch Publication(2024)Visit source
- Reference 7STATISTAResearch Publication(2024)Visit source
- Reference 8EPISERVERResearch Publication(2024)Visit source
- Reference 9MCKINSEYResearch Publication(2024)Visit source
- Reference 10FORRESTERResearch Publication(2024)Visit source
- Reference 11CONVERSICAResearch Publication(2024)Visit source
- Reference 12NIELSENResearch Publication(2024)Visit source
- Reference 13ACCENTUREResearch Publication(2024)Visit source
- Reference 14ZENDESKResearch Publication(2024)Visit source
- Reference 15SALESFORCEResearch Publication(2024)Visit source
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- Reference 17FORBESResearch Publication(2024)Visit source
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- Reference 20SASResearch Publication(2024)Visit source
- Reference 21DIGITALCOMMERCE360Research Publication(2024)Visit source
- Reference 22TNS-GLOBALResearch Publication(2024)Visit source
- Reference 23SPROUTSOCIALResearch Publication(2024)Visit source
- Reference 24ECONSULTANCYResearch Publication(2024)Visit source