Press release
Conversational AI Platform Market Insights 2020: Business Analysis By 2028 With Leading Players: Microsoft Corporation, International Business Machines Corporation, SAP SE, Oracle Corporation, Google LLC, Nuance Communications Inc., Haptik Inc., Conversic
Conversational AI Platform Market
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A huge number of individuals use Kik, Facebook Messenger, and WhatsApp other messaging platforms to speak with their loved ones consistently. Several others are trying different things with speech-based helps like Google Home and Amazon Alexa. Resultantly, speech-based apps and messaging apps are quickly uprooting customary web and mobile applications to turn into the new mode for interactive discussions.
Growing demand for AI-powered customer support services is amongst the key factors supporting the expansion of the global conversational AI market. With the combination of conversational AI solutions like chatbots, IVA and IVR have enabled in the adoption of automated customer support services. The deployment of AI-enabled conversational tools engages customers, gather relevant information about them, before redirecting it to a human agent, which results in enhancing work efficiency and build a customized experience for the user. It also assists users in making better decisions concerning the purchase of products or services.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT Analysis:
1. Microsoft Corporation
2. International Business Machines Corporation
3. SAP SE
4. Oracle Corporation
5. Google LL
6. Nuance Communications Inc.
7. Haptik Inc.
8. Conversica Inc.
9. Amazon.com Inc.
10. Baidu Inc
11. Avaamo Inc.
12. Creative Virtual Ltd.
13. Inbenta Technologies Inc.
14. Artificial Solutions International AB
15. Kore.ai Inc
16. Solvvy Inc
On the basis of technology, the fastest growth in the conversational AI market during the forecast period is anticipated from the machine learning category. With the help of this technology, conversational AI solutions are able to learn from previous responses based on different queries, which successively is increasing the potential of the machine in answering questions, and also played a major role in the growth of this category.
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Key Factors Impacting the Growth of Conversational AI Platform Market:
Increasing adoption of artificial intelligence (AI) solutions in customer service application is expected to have a positive impact on the market growth
Growing demand for AI-powered customer support services is likely to attract more potential consumers
Integration of chatbots for employee retention and engagement
This report also includes the profiles of key Conversational AI Platform market companies along with their SWOT analysis and market strategies. In addition, these competitive landscapes provide a detailed description of each company including future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launch, new product developments, and other latest industrial developments.
Market Segmentation:
By Type
Chatbot
IVA
IVR
By Deployment
Cloud
On-Premise
By Technology
Natural Language Processing
Machine Learningd
Automated Speech Recognition
By Region:
North America Conversational AI Platform Market
By Country (US, Canada, Mexico)
By Type
By Deployment
By Technology
Europe Conversational AI Platform Market
By Country (Germany, Russia,UK, France, Italy, Spain, Rest of Europe)
By Type
By Deployment
By Technology
Asia Pacific Conversational AI Platform Market
By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
By Type
By Deployment
By Technology
Middle East & Africa Conversational AI Platform Market
By Country (UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa)
By Type
By Deployment
By Technology
South America Conversational AI Platform Market
By Country (Brazil, Argentina, Colombia, Rest of South America)
By Type
By Deployment
By Technology
Reasons to Buy This Report:
Market size estimation of the Conversational AI Platform market on a regional and global basis
Unique research Usage for market size estimation and forecast
Profiling of major companies operating in the market with key developments
Broad scope to cover all the possible segments helping every stakeholder in the market
Customization:
We provide customization of the study to meet specific requirements:
By Segment
By Sub-segment
By Region/Country
Contact:
Quince Market Insights
Ajay D. (Knowledge Partner)
Office No- A109
Pune, Maharashtra 411028
Phone: US +1 208 405 2835 UK +44 121 364 6144 APAC +91 706 672 4848
Email: sales@quincemarketinsights.com
Web: www.quincemarketinsights.com
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