Conversational AI Market size was valued at USD 10.61 Bn. in 2023 and the total Conversational AI revenue is expected to grow by 21.5% from 2024 to 2030, reaching nearly USD 41.50 Bn.
Conversational AI Market Overview:
Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the “Conversational AI Market”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The analysis in the report provides an in-depth aspect at the current status of the Conversational AI Market.
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Conversational AI Market Scope and Methodology:
The Conversational AI Market requires a mix of both qualitative and quantitative research methods. Conversational AI Market information is gathered through different research methods including expert advice, primary and secondary research, both qualitative and quantitative. Primary research gathers important data from interviews, surveys, questionnaires, and input from industry experts, customers and other sources either in person or over the phone.
The report provides in-depth analysis on different strategies used by leading companies, such as partnerships, mergers, acquisitions, and collaborations. The report conducted a SWOT analysis to evaluate the company's market position through identifying its strengths, weaknesses, opportunities, and threats. Analytical techniques, such as examining investment returns, conducting a feasibility study, and using Porter's five forces analysis, were employed to assess the Conversational AI market. The bottom-up approach was used to determine the global and regional Conversational AI market sizes.
Conversational AI Market Regional Insights:
The Conversational AI Market report is segmented into various key countries. Countries such as North America (United States, Canada, Mexico), Europe (United Kingdom, Germany, France, Spain, Italy, Rest of Europe), Asia Pacific (China, India, Japan, Australia, South Korea, ASEAN countries, other APAC countries), South America (Brazil), and the Middle East and Africa.
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Conversational AI Market Segmentation:
by Component
Solutions
Services
Professional Services
by Type
Chatbots
Intelligent Virtual Assistants (IVA)
by Deployment Mode
Cloud
On-premises
by Technology
ML and Deep Learning
Natural Language Processing (NLP)
Automatic Speech Recognition (ASR)
by Vertical
Banking Finance Services and Insurance (BFSI)
Healthcare and Life Sciences
IT and Telecom
Retail and eCommerce
Travel and Hospitality
Media and Entertainment
Automotive
Others (government, education, energy and utilities, and manufacturing)
Conversational AI Market Key Players:
1. Google
2. Microsoft
3. Amazon Web Services, Inc.
4. IBM
5. Oracle
6. Nuance Communications, Inc.
7. FIS
8. SAP SE
9. Artificial Solutions
10. Kore.ai, Inc.
11. Avaamo
12. Conversica, Inc.
13. Jio Haptik Technologies Limited
14. Rasa Technologies Inc.
15. Solvvy
16. Pypestream Inc.
17. Kasisto
18. Cognigy
19. Baidu, Inc.
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Key questions answered in the Conversational AI Market are:
- What is Conversational AI ?
- What is the growth rate of the Conversational AI Market?
- Which are the factors expected to drive the Conversational AI Market growth?
- What are the upcoming opportunities and trends for the Conversational AI Market?
- Who are the leading companies and what are their portfolios in Conversational AI Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Conversational AI Market?
- Who are the key players in the Conversational AI Market?
- What are the different segments of the Conversational AI Market?
- Which is the fastest growing region in the Conversational AI Market?
- What growth strategies are the players considering to increase their presence in Conversational AI ?
- What is the CAGR at which the Conversational AI Market will grow during the forecast period?
- What segments are covered in the Conversational AI Market?
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Key Offerings:
- Past Market Size and Competitive Landscape
- Past Pricing and price curve by region
- Market Size, Share, Size & Forecast by different segment
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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