Frost Radar™: Australia Customer Experience Outsourcing Services, 2022
Published on: 23-Dec-2022 | SKU: IT04656-AP-MR_27347

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Organizations across the board realize the increasing importance of customer experience (CX) in driving business success and delivering an excellent experience as a competitive differentiator. Customers view positive experiences as highly personalized, relevant, and proactive, involving engaging interactions and immediate issue resolution.

Increasingly, Australian organizations realize that providing contextual, proactive, seamless, and personalized experiences is essential for successfully retaining and attracting new customers. Major drivers for CX investments by Australian organizations include delivering omnichannel customer care, automating and streamlining business processes, mitigating cybersecurity threats, developing a best-in-class mobile experience, and managing customer journeys.

The transformational shift in organizational and customer behaviors is leading to the increased adoption of digital technologies. Post-pandemic, organizations continue to accelerate their digital transformation journeys. Organizations are making significant strides in augmenting their CX capabilities, focusing on the human factor and implementing technologies that enable greater agility and growth.

To align well with changing client needs, service providers need to make substantial investments in customer management and communication platforms, data analytics, and artificial intelligence solutions. Service providers that develop the expertise and technical skills to implement these solutions successfully can create a moderate barrier to entry against new entrants.

The Frost Radar™ reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Radar™ methodology. The document presents competitive profiles of each company in the Frost Radar™ based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in the industry and benchmarks them across 10 criteria on the Frost Radar™, where the leading companies in the industry are then positioned. Industry leaders on both the Growth and Innovation indices are recognized as best practice recipients.

Author: Sherrel Roche

Strategic Imperative

Strategic Imperative (continued)

Growth Environment

Growth Environment (continued)

Growth Environment (continued)

Growth Environment (continued)

Growth Environment (continued)

Growth Environment (continued)

Frost Radar™:

Frost Radar™: Competitive Environment

Frost Radar™: Competitive Environment (continued)

Acquire BPO

Concentrix

Datacom

PROBE Group

Serco

Sitel Group®

Startek®

Teleperformance (TP)

TSA Group

TTEC

Strategic Insights

Significance of Being on the Frost Radar™

Frost Radar™ Empowers the CEO’s Growth Team

Frost Radar™ Empowers Investors

Frost Radar™ Empowers Customers

Frost Radar™ Empowers the Board of Directors

Frost Radar™: Benchmarking Future Growth Potential

Frost Radar™: Benchmarking Future Growth Potential

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Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform

Growth Index

Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.

  • Market Share (previous 3 years)
    This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years.
  • Revenue Growth (previous 3 years)
    This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™.
  • Growth Pipeline
    This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities.
  • Vision and Strategy
    This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision?
  • Sales and Marketing
    This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.

Innovation Index

Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.

  • INNOVATION SCALABILITY
    This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals.
  • RESEARCH AND DEVELOPMENT
    This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline.
  • PRODUCT PORTFOLIO
    This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue.
  • MEGATRENDS LEVERAGE
    This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline.
  • CUSTOMER ALIGNMENT
    This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.

Significance of Being on the Frost Radar™

Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.

  • GROWTH POTENTIAL
    Your organization has significant future growth potential, which makes it a Company to Action.
  • BEST PRACTICES
    Your organization is well positioned to shape Growth Pipeline™ best practices in your industry.
  • COMPETITIVE INTENSITY
    Your organization is one of the key drivers of competitive intensity in the growth environment.
  • CUSTOMER VALUE
    Your organization has demonstrated the ability to significantly enhance its customer value proposition.
  • PARTNER POTENTIAL
    Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.

Have questions about this research or need deeper insights?
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A tailored session with you where we identify the:
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  • Growth Opportunities
  • Best Practices
  • Companies to Action

Impacting your company's future growth potential.

Organizations across the board realize the increasing importance of customer experience (CX) in driving business success and delivering an excellent experience as a competitive differentiator. Customers view positive experiences as highly personalized, relevant, and proactive, involving engaging interactions and immediate issue resolution. Increasingly, Australian organizations realize that providing contextual, proactive, seamless, and personalized experiences is essential for successfully retaining and attracting new customers. Major drivers for CX investments by Australian organizations include delivering omnichannel customer care, automating and streamlining business processes, mitigating cybersecurity threats, developing a best-in-class mobile experience, and managing customer journeys. The transformational shift in organizational and customer behaviors is leading to the increased adoption of digital technologies. Post-pandemic, organizations continue to accelerate their digital transformation journeys. Organizations are making significant strides in augmenting their CX capabilities, focusing on the human factor and implementing technologies that enable greater agility and growth. To align well with changing client needs, service providers need to make substantial investments in customer management and communication platforms, data analytics, and artificial intelligence solutions. Service providers that develop the expertise and technical skills to implement these solutions successfully can create a moderate barrier to entry against new entrants. The Frost Radar™ reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Radar™ methodology. The document presents competitive profiles of each company in the Frost Radar™ based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in the industry and benchmarks them across 10 criteria on the Frost Radar™, where the leading companies in the industry are then positioned. Industry leaders on both the Growth and Innovation indices are recognized as best practice recipients. Author: Sherrel Roche
More Information
Deliverable Type Frost Radar
Author Sherrel Roche
Industries Information Technology
No Index No
Is Prebook No
Keyword 1 CX Outsourcing Services in Australia
Keyword 2 Customer Experience Management Australia
Keyword 3 CX Market
Podcast No
WIP Number PDDC-01-00-00-00

Frost Radar™: Australia Customer Experience Outsourcing Services, 2022

Information TechnologyFrost Radar™: Australia Customer Experience Outsourcing Services, 2022

A Benchmarking System to Spark Companies to Action ‒ Innovation That Fuels New Deal Flow and Growth Pipelines

RELEASE DATE
23-Dec-2022
REGION
Asia Pacific
Deliverable Type
Frost Radar
Research Code: PDDC-01-00-00-00
SKU: IT04656-AP-MR_27347
AvailableYesPDF Download
$4,950.00
In stock
SKU
IT04656-AP-MR_27347