Press release
Conversational AI Market Size, Share & Forecast 2025
GLOBAL CONVERSATIONAL AI MARKET OVERVIEW: 2025The global market size of Conversational AI was xx million US$ in 2018 and is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% in 2019-2025.
Conversational Artificial Intelligence is a collection of technologies that allow computers to simulate real-time conversations.
Conversational AI plays a crucial role in Intelligent Virtual Agents. AI implementation in intelligent virtual agents can comprehend open conversations while contextualizing them to a case or scenario. Businesses exploit AI technology by using a combination of ML and NLU that allows IVA to be prepared for an accelerated time to market with industry-specific knowledge and unique business data.
This study focuses on the status of global conversational AI, future projections, opportunities for growth, key industry, and key players. The study aims to present the development of Conversational AI in the United States, Europe, and China.
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REGION WISE ANALYSIS OF CONVERSATIONAL AI MARKET
Geographically, North America accounted for the largest share of the global conversational AI market and is expected to grow substantially over the forecast period. This market's growth is due to a large number of established players.
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THE KEY PLAYERS COVERED IN THIS STUDY
Microsoft
IBM
AWS
Baidu
Oracle
SAP
Nuance
Artificial Solutions
Conversica
Haptik
Others
MARKET SEGMENT BY TYPE, THE PRODUCT CAN BE SPLIT INTO
IVA
Chatbots
MARKET SEGMENT BY APPLICATION, SPLIT INTO
Customer Support
Personal Assistant
Customer Engagement
Retention
MARKET SEGMENT BY REGIONS/COUNTRIES, THIS REPORT COVERS
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
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THE STUDY OBJECTIVES OF THIS REPORT ARE:
To analyze global Conversational AI status, future forecast, growth opportunity, key market and key players.
To present the Conversational AI development in the United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Conversational AI are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
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To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains detail research methodology employed to generate the report, Please also reach to our sales team to get the complete list of our data sources
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