Conversational AI Market 2020 Refreshing Trends | Google LLC, Microsoft, Amazon Web Services, Inc., IBM Corporation, Oracle, Nuance Communications, Inc., Baidu and More

Global Conversational AI Market is expected to rise from its initial estimated value of USD 3.27 billion in 2018 to an estimated value of USD 27.08 billion by 2026, registering a CAGR of 30.25% in the forecast period to 2026. Rising demand for AI- powered customer support services is the major factor for the growth of this market.

Data Bridge Market Research recently published a research report titled, "Conversational AI Market Report, History and Forecast to 2026, Breakdown Data by Manufacturers, Key Regions, Types and Application". The research report attempts to give a holistic overview of the Conversational AI Market by keeping the information simple, relevant, accurate, and to the point. The researchers have explained each aspect of the market thorough meticulous research and undivided attention to every topic. They have also provided data in statistical data to help readers understand the whole market. The report further provides historic and forecast data generated through primary and secondary research of the region and their respective manufacturers.

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Conversational AI is the usage of messaging app, chatbots and other digital platform so that they can provide platform to the customers where they can interact with virtual assistant and can solve their problem. This also helps the organization to improve by finding new techniques to communicate with the customers. Increasing demand for AI- powered customer support services is the factor which is fuelling the conversational AI market.

Market Drivers:

Less development cost of the chatbot is driving the growth of this market
Technological advancement and development in the conversional AI is another factor driving the market.

Market Restraints:

Less information about the conversational AI is restraining the market
Lack of efficiency in chatbot is another factor restraining the growth of this market.

Important years considered in the study are:

Historical year - 2014-2019;

Base year - 2019;

Forecast period- 2020 to 2026

Key Players Mentioned in the Conversational AI Market Research Report: Google LLC, Microsoft, Amazon Web Services, Inc., IBM Corporation, Oracle, Nuance Communications, Inc., Baidu, SAP SE, Artificial Solutions, Kore.ai, Inc., Avaamo, Conversica, Inc., Haptik, Inc., Rasa Technologies Inc., Solvvy, Pypestream Inc., Inbenta Technologies Inc., Rulai, Creative Virtual Ltd.

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Key Developments in the Market:

In March 2019, Boost.ai announced the launch of their new software which is specially designed to build, implement and operate the virtual agents to the U.S. The main aim is to create software that can improve the relationship between customer and business and help the customer to get high level of accuracy. This new technology will be available on both on premise deployments.
In October 2017, TD Bank Group (TD) announced their agreement with Kasisto so that they can combine the KAI Banking platform into the TD's mobile app which can help the customer to get instant help and support whenever they want. This will also help the customer to get information related to their account, their transaction history and their spending level.

TABLE OF CONTENTS

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Research Methodology

Part 04: Market Landscape

Market Ecosystem
Market Characteristics
Market Segmentation Analysis

Part 05: Pipeline Analysis

Pipeline Analysis

Part 06: Market Sizing

Market Definition
Market Sizing
Market Size And Forecast

Part 07: Five Forces Analysis

Bargaining Power Of Buyers
Bargaining Power Of Suppliers
Threat Of New Entrants
Threat Of Substitutes
Threat Of Rivalry
Market Condition

Part 08: Market Segmentation

Segmentation
Comparison
Market Opportunity

Part 09: Customer Landscape

Part 10: Regional Landscape

Geographical Segmentation
Regional Comparison
North America
South America
Europe
MEA
APAC
Market Opportunity

Part 11: Decision Framework

Part 12: Drivers and Challenges

Market Drivers
Market Challenges

Part 13: Market Trends

Part 14: Vendor Landscape

Overview
Landscape Disruption

Part 15: Vendor Analysis

Vendors Covered
Vendor Classification
Market Positioning Of Vendors

Part 16: Appendix

List Of Abbreviations

See The Complete Table Of Contents And List Of Exhibits, As Well As Selected Illustrations And Example Pages From This Report.

Access Detailed Table of Content at https://www.databridgemarketresearch.com/toc/?dbmr=global-conversational-ai-market

Customization of the Report

The report includes the complete segmentation displayed above across all above mentioned countries

All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

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