This report aims to achieve a holistic assessment of the global Conversational Artificial Intelligence (AI) market, with a focus on major stakeholders. The comprehensive research study included in this report provides an intelligent analysis of competition, segmentation, dynamics, and geographical progress within the Conversational Artificial Intelligence (AI) market.
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The global conversational Artificial Intelligence (AI) market size reached USD 4.91 Billion in 2020 and is expected to register a CAGR of 22.6%, during the forecast period, according to latest analysis by Emergen Research. Rising demand for Artificial Intelligence-driven customer support services is expected to drive global conversational AI market revenue growth over the forecast period. Increasing implementation of conversational AI chatbots in the automotive industry is expected to augment global conversational AI market growth going ahead. One of the most prominent trendsin the market is increasing application of chatbots to retain employees. AI-powered chatbots assist businesses in delivering useful details about an employee’s level of engagement that can result in a lower churn rate, which is expected to boost the market growth going ahead.
The assessment of market size methodologies serves as a valuable tool for understanding the strengths, weaknesses, opportunities, and threats inherent in a market. It also outlines the bargaining power held by both suppliers and consumers. This paper delves into the present political scenario, examining its potential influence on pricing, import-export dynamics within the global Conversational Artificial Intelligence (AI) industry. Moreover, it highlights profitable opportunities within the industry that companies can strategically pursue.
Scope of the Report
This report delves into the segmentation of the Conversational Artificial Intelligence (AI) market, dividing the global landscape based on product type, application, and region. In-depth analysis within each section explores the driving and inhibiting factors. The research study also highlights novel trends in the global market, offering insights into their potential benefits across different categories in the years to come.
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Competitive Landscape:
The most recent study offers a thorough analysis of the worldwide Conversational Artificial Intelligence (AI) market broad competitive landscape, placing special emphasis on the major market competitors and their company profiles. The research has addressed a wide range of strategic actions done by these organisations, including new business deals, mergers and acquisitions, collaborations, joint ventures, technical advancement, and recent product introductions. The competitive environment of the market is examined in the research in several ways, including the regulatory standards and policies put in place recently across the sector. In order to provide a thorough overview of the global Conversational Artificial Intelligence (AI) market and identify the primary growth trends, our team of specialists has made use of many potent analytical methodologies, including Porter’s Five Forces analysis and SWOT analysis.
Key Companies Profiled in the Report are:
Google LLC, Microsoft Corporation, Oracle Corporation, International Business Machines Corporation, Baidu Inc., Nuance Communications Inc., SAP SE, Conversica Inc., Inbenta Technologies Inc., Avaamo Inc
Outlook for the Region:
- This Research Consider the following Regions:
- North America (U.S., Canada, Mexico)
- Europe (U.K., Italy, Germany, France, Rest of the EU)
- Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Key Points Covered in This Section:
- Regional contribution
- Estimated revenue generation
- Vital data and information about the consumption rate in all the leading regional segments
- An expected rise in market share
- Forecast growth in the overall consumption rate
Global Conversational Artificial Intelligence (AI) Market Segmentation by Regions:
The countries covered in the regional analysis of the Global Conversational Artificial Intelligence (AI) Market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Deployment Outlook (Revenue, USD Billion; 2018–2028)
- On-Premises
- Cloud
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Component Outlook (Revenue, USD Billion; 2018–2028)
- Service
- Platform
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Type Outlook (Revenue, USD Billion; 2018–2028)
- Intelligent Virtual Assistants
- Chatbots
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Reasons to Purchase this Report:
- This in-depth and comprehensive research on the global Conversational Artificial Intelligence (AI) market will help you improve your market research skills.
- Acquire a thorough understanding of current and future market conditions to devise strategies for overcoming obstacles and ensuring consistent growth.
- It provides an in-depth analysis of changing market trends, current and future technologies, and the various strategies used by global brain Conversational Artificial Intelligence (AI) industry leaders.
- It provides advice and support to newcomers to the global Conversational Artificial Intelligence (AI) market and actively assists existing businesses in increasing their market share.
- It sheds light on the plans of the industry’s leading firms and market advancements in the global Conversational Artificial Intelligence (AI) market.
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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