Press release
Global Conversational AI Market- Major Players are GOOGLE, MICROSOFT, AWS, IBM, ORACLE, NUANCE.
Conversational Artificial Intelligence deals with the utilization of the speech based assistance, chatbots to automate the communication, messaging apps and to craft the individualized customer experience. This platform allows people to interact with websites, applications, and devices every day with the help of voice, gesture, text and touch information. It plays important role in open interactions and personal assistance activities.Increase in demand for AI-powered customer support services is the key driving factor which is expected to boost the global conversational AI market growth. Furthermore, continuous technological advancements and innovations in the field of artificial intelligence will positively contribute the market growth. Moreover, increase in adoption of omnichannel deployment methods, low cost of the chatbot application will propel the global conversational AI market growth during this forecast period. In addition to that, Increase in use of social media platforms such as Telegram, Facebook, Twitter, and Skype will improve the demand for Conversational Artificial Intelligence across the globe.
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However, lack of awareness regarding conversational AI solutions is the major challenging factor which is expected to hinder the global conversational AI market growth. Also, lack of accuracy in chatbots and virtual assistants will affect the market growth during this forecast period.
Market Segmentation
Global Conversational AI Market is segmented into technology such as Machine Learning and Deep Learning, Automated Speech Recognition, and Natural Language Processing, by deployment type such as On-Premise, and Cloud. Further, market is segmented into component such as Solutions, and Services, and applications such as Customer Support, Personal assistance, Branding & Advertisement, and Customer Engagement.
Also, Global Conversational AI Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as GOOGLE, MICROSOFT, AWS, IBM, ORACLE, NUANCE, BAIDU, SAP, and KORE.AI
Market Taxonomy
By Technology
• Machine Learning and Deep Learning,
• Automated Speech Recognition
• Natural Language Processing
By Deployment Type
• On-Premise
• Cloud
By Component
• Solutions
• Services
By Application
• Customer Support
• Personal assistance
• Branding & Advertisement
• Customer Engagement
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
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Vishal Thakur
Research Support Specialist
QualiKet Research
6060 N Central Expy #500, TX 75204, U.S.A
sales@qualiketresearch.com
Website: https://qualiketresearch.com
QualiKet Research is a leading Market Research and Competitive Intelligence partner helping leaders across the world to develop robust strategy and stay ahead for evolution by providing actionable insights about ever changing market scenario, competition and customers. QualiKet Research is dedicated to enhancing the ability of faster decision making by providing timely and scalable intelligence. We use different intelligence tools to come up with evidence that showcases the threats and opportunities which helps our clients outperform their competition.
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