Customer satisfaction is one of the primary objectives of any given business or organization. Maximizing customer satisfaction along with improving the customer retention quotient is what major industries are focusing. The advanced technologies in the market allow customer handling via chatbots and virtual assistants effectively without hampering the business processes. One such technology is conversational artificial intelligence (AI).

Global conversational artificial intelligence (AI) market was valued at USD 6.77 billion in 2021 and is expected to reach USD 37.94 billion by 2029, registering a CAGR of 24.04% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

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The conversational artificial intelligence (AI) market is segmented on the basis of component, type, technology, deployment model, application, organization size, business function, mode of integration and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Component  

  • Platform
  • Services
  • Training and Consulting
  • Support and Maintenance
  • Deployment and Integration

Type

  • Intelligent Virtual Assistants
  • Chatbots

Technology

  • Machine Learning and Deep Learning
  • Natural Language Processing
  • Automated Speech Recognition

Deployment Model

  • On-Premises
  • Cloud

Organization Size

  • Large Enterprises
  • Small and Medium-Sized Enterprises

Application

  • Customer Support
  • Personal Assistant
  • Branding and Advertisement
  • Customer Engagement and Retention
  • Onboarding and Employee Engagement
  • Data Privacy and Compliance
  • Others

Business Function

  • Sales and Marketing
  • Finance
  • HR
  • Operations
  • IT Service Management

Mode of Integration

  • Web-based
  • App-based
  • Telephonic

End User

  • Banking, Financial Services, and Insurance
  • Retail and Ecommerce
  • Healthcare and Life Sciences
  • Travel and Hospitality
  • Telecom
  • Media and Entertainment
  • Others

Highlight of Table of Content:

·        Chapter 1: Market overview

·        Chapter 2: Conversational AI Market Analysis

·        Chapter 3: Environment of Global Conversational AI Market

·        Chapter 4: Market segmentation based on types and applications

·        Chapter 5: Revenue analysis based on types and applications

·        Chapter 6: Market share

·        Chapter 7: Competitive Landscape

·        Chapter 8: Drivers, Restraints, Challenges, and Opportunities

·        Chapter 9: Gross Margin and Price Analysis

Some of the major players operating in the conversational artificial intelligence (AI) market are

  • Google, LLC (U.S.)
  • Microsoft (U.S.)
  • IBM (U.S.)
  • Amazon Web Services, Inc. (U.S.)
  • Baidu (China)
  • Oracle (U.S.)
  • SAP SE (Germany)
  • FIS (U.S.)
  • Artificial Solutions (Sweden)
  • Kore.ai, Inc. (U.S.)
  • Conversica, Inc. (U.S.)
  • Inbenta Holdings Inc. (U.S.)
  • Creative Virtual Ltd. (U.S.)
  • SoundHound AI, Inc. (U.S.)
  • Avaamo (U.S.)
  • Jio Haptik Technologies Limited (U.S.)
  • Solvvy (U.S.)

Profound Questions Answered in this Report:

·       What is the growth rate of various stages in the value chain of the industry?

·       Which region has the highest growth rate and size of the emerging market by value in 2022?

·       Who are the competitive players in Global Conversational AI Market?

·       Which region has the largest share and degree of competition in the industry?

·       What is the CAGR of the market during the forecast period 2023 to 2029?

·       Which region is expected to hold the highest market share for the market?

·       What is the main driver of the Global Conversational AI Market?

·       What is sales volume, revenue, and price analysis of top players of the market?

·       What are the market opportunities and threats faced by the vendors in the industry?

·       What has been the impact of COVID-19 on the Global Conversational AI Market?

 

 

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