Conversational AI Platform Market Outlook 2019-2025 | Top Market Players by Amazon Web Services (AWS), Google (Alphabet, Inc.), IBM, Microsoft, Oracle, SAP, Nuance Communication, Baidu, Jio Haptik, Facebook

The global conversational AI platform market size is expected to surpass USD 17 billion by 2025, at a CAGR of ~30% during 2019 to 2025. With the emergence of the internet of things (IoT) and the evolving digital landscape, the conversational AI platform market is experiencing a huge demand globally.

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Growing penetration of smartphones especially in developing countries including India, China, Japan, is resulting in increased adoption of messaging and social media apps which in turn fuelling the demand for conversational AI platforms.

Conversational AI Platform Market Segmentation

Technology Segment

On the basis of technology, the market is categorized into Machine Learning, Automated Speech Recognition, Natural Language Processing, Natural Language Generation, and others. The Machine Learning segment dominated the overall conversational AI platform which occupied close to 40% share in 2019 and is expected to maintain its position over the forecast period 2020 -2025. Moreover, the Natural Language Processing segment is anticipated to accumulate the highest CAGR of 34% during the forecast period.

Type Segment

Based on the type, the market is segmented into text-based and voice-based segments. In 2019, the market for text-based had the highest revenue valuing at nearly 3 billion and is expected to dominate the conversational AI platform market throughout the forecast period.

Application Segment

On the basis of application, the market is bifurcated into IT, customer service, administrative/business management, marketing/advertising, and others. In 2019, the IT segment had the highest revenue and it is anticipated to dominate the conversational AI platform market throughout the forecast period. However, customer service is projected to gather the highest CAGR of close to 32% during the forecast period.

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Reasons for the study

The purpose of the study is to give an exhaustive outlook of the global conversational AI platform. Benchmark yourself against the rest of the market.
Ensure you remain competitive as new innovations by existing key players boost the market.

What does the report include?

The study on the global conversational AI platform includes qualitative factors such as drivers, restraints, and opportunities
The study covers the competitive landscape of existing/prospective players in the conversational platform systems industry and their strategic initiatives for the product development
The study covers a qualitative and quantitative analysis of the market segmented on the basis of technology, type, and application. Moreover, the study provides similar information for the key geographies.
Actual market sizes and forecasts have been provided for all the above-mentioned segments.

Who should buy this report?

This study is suitable for industry participants and stakeholders in the global conversational AI platform. The report will benefit:
Every stakeholder involved in the conversational AI platform market.
Managers within the gaming industry looking to publish recent and forecasted statistics pertaining to the global conversational AI platform.
Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of global conversational AI platform.
Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
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Major points from Table of Contents:

Chapter 1 Introduction

Chapter 2 Research Methodology

Chapter 3 Executive Summary

Chapter 4 Market Outlook

Chapter 5 Conversational AI platform Market by Technology

Chapter 6 Conversational AI platform Market by Type

Chapter 7 Conversational AI platform Market by Application

Chapter 8 Conversational AI platform Market By Region

Chapter 9 Competitive Landscape

Chapter 10 Company Profiles

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