Key Takeaways
- 61.5% of consumers expect consistent experiences across channels when interacting with brands
- 73% of consumers say positive customer experiences increase the likelihood that they will buy from a brand again
- 76% of consumers expect companies to understand their needs and expectations
- 43% of customers expect to get a response to customer service inquiries within 1 hour (response-time expectation)
- 39% of customers will switch to another company after just one bad experience (service failure benchmark)
- Customer experience leaders are 4-8x more likely to have strong revenue growth outcomes (CX-performance linkage)
- 36% of organizations say they are using marketing automation to improve customer experience (automation adoption)
- 42% of businesses report using CRM systems to manage customer data (CRM adoption)
- 35% of companies use customer analytics to improve customer experience (analytics adoption)
- 1 out of 2 organizations say customer data quality is a major obstacle (data quality obstacle benchmark)
- Data quality issues cost the US economy about $3.1 trillion per year (economic cost of bad data)
- Poor data quality costs US organizations an average of $12.9 million per year (data quality cost estimate)
- The global customer experience management software market is forecast to reach $19.5 billion by 2027 (CX software market size forecast)
- The global customer experience software market size was $7.0 billion in 2023 (CX software market size)
- The customer experience management market was valued at $6.5 billion in 2022 (CXM market value)
Great, personalized, fast omnichannel service drives repeat purchases, higher revenue, and stronger growth in promotional products.
Industry Trends
Industry Trends Interpretation
Performance Metrics
Performance Metrics Interpretation
User Adoption
User Adoption Interpretation
Cost Analysis
Cost Analysis Interpretation
Market Size
Market Size Interpretation
References
- 1salesforce.com/resources/research-reports/state-of-the-connected-customer/
- 2zendesk.com/blog/customer-experience-statistics/
- 4zendesk.com/blog/customer-service-statistics/
- 3forrester.com/report/voice-of-the-customer-and-text-analytics-for-customer-service/
- 28forrester.com/report/self-service/
- 5brightlocal.com/research/local-consumer-review-survey/
- 6gartner.com/en/newsroom/press-releases/2021-06-16-gartner-consumer-privacy-study/
- 8gartner.com/en/newsroom/press-releases/2023-10-10-gartner-retail-returns/
- 12gartner.com/en/newsroom/press-releases/2018-03-27-gartner-reveals-62-million-customers-will-switch
- 16gartner.com/en/newsroom/press-releases/2024-01-18-gartner-customer-service/
- 18gartner.com/en/newsroom/press-releases/2020-02-12-gartner-customer-experience-investment/
- 25gartner.com/en/newsroom/press-releases/2024-08-22-gartner-crm/
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- 38gartner.com/en/newsroom/press-releases/2022-03-15-gartner-data-quality/
- 7paymentsource.com/news/global-shipping-statistics/
- 9freshworks.com/freshdesk/customer-service-statistics/
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- 24adweek.com/brand-marketing/marketing-automation-statistics/
- 34census.gov/retail/index.html
- 36sproutsocial.com/insights/social-media-customer-service/
- 39ibm.com/analytics/data-quality
- 40usa.gov/identity-theft
- 41fortunebusinessinsights.com/customer-experience-management-market-106715
- 45fortunebusinessinsights.com/customer-relationship-management-crm-market-106010
- 42marketsandmarkets.com/Market-Reports/customer-experience-software-market-3542.html
- 47marketsandmarkets.com/Market-Reports/ai-in-customer-service-market-129312.html
- 43precedenceresearch.com/customer-experience-management-market
- 44precedenceresearch.com/contact-center-as-a-service-market
- 46grandviewresearch.com/industry-analysis/chatbot-market
- 48grandviewresearch.com/industry-analysis/customer-data-platform-market







