Conversational Artificial Intelligence (AI) Market Forces at Play: Opportunities and Challenges Shaping the Future of the Industry
The Emergen Research report is designed to fulfill the key objective of presenting a thorough evaluation of the global market, highlighting major stakeholders in the Conversational Artificial Intelligence (AI) Market. The research study outlined in this report delivers a comprehensive and intelligent analysis of competition, segmentation, dynamics, and global advancements in 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.
Evaluating market size methodologies is essential for a comprehensive understanding of a market’s strengths, weaknesses, opportunities, and threats. This analysis extends to uncovering the bargaining power dynamics among suppliers and consumers. The paper takes a deep dive into the current political landscape, forecasting its potential effects on pricing, import-export activities in the global Conversational Artificial Intelligence (AI) industry. Furthermore, it identifies and discusses lucrative opportunities existing in the industry for companies to capitalize on.
Scope of the Report
The Conversational Artificial Intelligence (AI) market research report employs segmentation, dividing the global market by product type, application, and region. A comprehensive examination of each segment elucidates the factors influencing its growth and constraints. Moreover, the research study anticipates and evaluates upcoming global market trends that are poised to positively impact each category in the foreseeable future.
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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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Daftar Isi
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:
- What growth rate is anticipated for the Conversational Artificial Intelligence (AI) market during the forecast period?
- Can you provide insights into the estimated market size for the Conversational Artificial Intelligence (AI) industry over the projected period?
- What are the driving forces that are expected to maintain the prospects of the Conversational Artificial Intelligence (AI) market at a high level across various countries?
- Who are the prominent market players in the Conversational Artificial Intelligence (AI) industry, and what strategies do they employ to remain competitive?
- Could you highlight some key trends prevalent in the Conversational Artificial Intelligence (AI) industry?
- What major challenges are expected to hinder the growth of the Conversational Artificial Intelligence (AI) industry in the years to come?
- Are there any opportunities that business owners can capitalize on to enhance profits and reduce costs in the Conversational Artificial Intelligence (AI) market?
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