Conversational AI Market
Conversational AI Market

Conversational AI Market Growth Status & Outlook With Google, Microsoft, IBM, AWS, Baidu, Oracle, SAP, Nuance, Artificial Solutions, Conversica, Haptik

Interactive AI plays an important role in personal assistants. Personal assistants can understand the situation for specific cases or scenarios while understanding public conversations. Companies can take advantage of the combination of ML and NLU to leverage AI technology to train their assistants with industry-specific knowledge and unique business data to shorten time to market.

In the age of omnichannel communication, Conversation AI created an interface that enables a personalized customer experience. The interactive AI market is driven by huge demand for AI-enabled services such as chatbots, virtual assistants for various use cases. On the other hand, lack of technology awareness negatively impacts market growth. However, with increasing customer engagement on social platforms, voice platforms are creating new opportunities for the interactive AI market.  According to this study, over the next five years the Conversational AI market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019. In particular, this report presents the global revenue market share of key companies in Conversational AI business, shared in Chapter 3. This report presents a comprehensive overview, market shares and growth opportunities of Conversational AI market by product type, application, key companies and key regions.

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This report breaks down the global interactive AI market by component, type, technology, application, deployment mode, vertical and region. Component segments consist of platforms and services. The service sector consists of training and consulting, system integration and testing, support and maintenance. The interactive AI market by type has an IVA and chatbot category. The technology-specific interactive AI market includes ML and deep learning, natural language processing, and automatic speech recognition technology. Application-specific interactive AI markets include customer support, personal assistants, branding and advertising, customer engagement and retention, onboarding and employee engagement, and other services (campaign analysis and data aggregation). The interactive AI market by deployment mode includes cloud and on-premises. Industry-specific interactive AI markets include banking, financial services and insurance (BFSI), retail and e-commerce, medical and life sciences, travel and hospitality, telecommunications, media and entertainment, and others (manufacturing, government, media and entertainment, education). The report covers the interactive AI market for five major regions of North America, Europe, APAC, Latin America, and the Middle East and Africa (MEA).

This Report Focuses On Top Manufacturers In Global Market:

  • Google
  • Microsoft
  • IBM
  • AWS
  • Baidu
  • Oracle
  • SAP
  • Nuance
  • Artificial Solutions
  • Conversica
  • Haptik

The company profiles of all the top players and brands that are leading the Conversational AI market with moves like product launches, joint ventures, mergers and acquisitions which in turn is affecting the sales, import, export, revenue and CAGR values are revealed in this market report.

Market split by Type, can be divided into:

  • IVA
  • Chatbots

 Market split by Application, can be divided into:

  • Customer Support
  • Personal Assistant
  • Customer Engagement
  • Retention

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Table of Content

Section 1 Conversational AI Definition

Section 2 Global Conversational AI Market Major Player Share and Market Overview

Section 3 Major Player Conversational AI Business Introduction

Section 4 Global Conversational AI Market Segmentation (Region Level)

Section 5 Global Conversational AI Market Segmentation (Type Level)

Section 7 Conversational AI Market Forecast 2019-2028

Section 8 Conversational AI Segmentation Type

Section 9 Conversational AI Segmentation Industry

Section 10 Conversational AI Cost Analysis

Section 11 Conclusion

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Features mentioned in the report

  1. Changing market dynamics of the industry
  2. To get a comprehensive overview of the Conversational AI market.
  3. Historical, current and projected market size in terms of volume and value
  4. In-depth market segmentation
  5. Competitive landscape

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About Data Bridge Market Research 11020 Articles
Hi, I am Ravi Kumar, a Blogger, Freelancer, SEO Consultant, an Internet Marketer, I am a research analyst who loves to evaluate data relating to Manufacturing industry, Management of companies and enterprises, Finance and insurance, Wholesale trade, Management, scientific, and technical consulting services

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