The Futurum Group's Statement on Israel

Report Findings: Consumers Today Are Largely Unexcited by Brands

Less than 15% of Consumers Expect to be “Wowed” by Their Customer Experience

A new survey on customer expectations reveals that companies can no longer separate their product from the customer experience they offer, and that low customer expectations signal fresh opportunities for businesses to find a new approach to delight customers.

The findings are contained in a report from Freshworks, the consumer-focused business software firm based in San Mateo, California, that bills itself as a provider of easy-to-use software-as-a-service (SaaS). The report, Deconstructing Delight: Understanding the Complexity of Consumer Expectations, also disclosed complicated consumer attitudes that appeared, at times, to be contradictory or paradoxical, especially when they had to do with engaging with companies.

In its most salient portion on consumer expectations, the report said that just a small segment—only 14%, to be exact—of consumers expected “to be wowed” when interacting with brands, and 56% of consumers said a brand’s customer service often does not match the image being portrayed. These sentiments are true, even though customers have shown empathy, adjusting their expectations of what companies can do, given the challenges wrought by the COVID-19 pandemic, said Stacey Epstein, chief marketing officer (CMO) at Freshworks.

The report also said that consumers expect brands to understand their personal causes, given how social justice and sustainability issues dominate global news. A full 63% of consumers are willing to hand over personal details, including relationship information, as well as browsing and purchasing data, in exchange for better CX, the report added.

Not all the findings add up, however, toward creating a consistent picture of what customers want. For instance, 71% of consumers would rather speak with a person than use self-service technologies, but 39% prefer to take the self-service route than speak with a company using any other channel. Moreover, slightly more than one in four—26%–do not enjoy communicating with companies, but nearly
half—49%–want to hear from firms.

The overall takeaway from the report, Freshworks’ CMO Epstein said, was that many legacy systems used for customer engagement are broken, and that the business imperative for companies today is to make it easy to delight customers through “thoughtful, easy, and speedy interactions that reflect customer values.” The report findings are the result of a survey conducted in June this year by Opinium, a market research and insight agency headquartered in New York City and London, carried out among more than 11,500 adults from 10 countries—namely, Australia, Brazil, France, Germany, India, the Netherlands, Singapore, Sweden, the United Kingdom, and the United States.

Author Information

Alex is responsible for writing about trends and changes that are impacting the customer experience market. He had served as Principal Editor at Village Intelligence, a Los Angeles-based consultancy on technology impacting healthcare and healthcare-related industries. Alex was also Associate Director for Content Management at Omdia and Informa Tech, where he produced white papers, executive summaries, market insights, blogs, and other key content assets. His areas of coverage spanned the sectors grouped under the technology vertical, including semiconductors, smart technologies, enterprise & IT, media, displays, mobile, power, healthcare, China research, industrial and IoT, automotive, and transformative technologies.

At IHS Markit, he was Managing Editor of the company’s flagship IHS Quarterly, covering aerospace & defense, economics & country risk, chemicals, oil & gas, and other IHS verticals. He was Principal Editor of analyst output at iSuppli Corp. and Managing Editor of Market Watch, a fortnightly newsletter highlighting significant analyst report findings for pitching to the media. He started his career in writing as an Editor-Reporter for The Associated Press.


Latest Insights:

On this episode of The Six Five – On The Road, hosts Daniel Newman and Patrick Moorhead welcome Emily Shea and Nick Smit at AWS to discuss Event-Driven Architecture and the role of application integration in modernization.
On this episode of The Six Five – On The Road, hosts Daniel Newman and Patrick Moorhead welcome Rob Miller, GreenLake Cloud Services Sales for HPE, for a conversation on HPE’s robust partnership with AWS and HPE’s hybrid by design strategy.
VAST Enhances Its Data Platform with the Release of Version 5.0
Mitch Lewis, Research Analyst at The Futurum Group, shares his insights on VAST Data’s version 5.0 announcement.

Latest Research:

In our latest research brief, Micro-segmentation Keeps Sensitive Mainframe Data in Compliance, done in partnership with Vertali, we analyze how micro-segmentation makes a network easier to secure and manage by isolating segments.
In our latest Market Insight Report, Private 5G Networks – Hyperscaler Cloud Providers, we find that private 5G Networks are key to transforming business practices and improving business outcomes by enabling organizations to gather massive amounts of data about their operations and customers.
In our latest Research Brief, Acknowledging the Impact of Agent Experience on Customer Experience, completed in partnership with Local Measure, we discuss the drivers of agent frustration and burnout, the benefits of implementation new technology such as AI to better support agents and enable greater automation, and the advantages provided by the use of a modern, cloud-based contact center solution that can integrate and activate technology that creates better experiences and outcomes for both agents and customers.