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Conversational AI Market Is Expected To Witness A Substantial Rise In Growth And Demand In The Forecast Period 2023-2032 | Google Inc., IBM Corporation, Amazon Web Services Inc., Artificial Solutions Holding ASH AB, Baidu Inc.
Conversational AI Market
As per the conversational AI market report by The Business Research Company, the increasing focus on customer engagement is expected to drive the conversational AI market.
The global conversational ai market size grew from $7.86 billion in 2022 to $9.73 billion in 2023 at a compound annual growth rate (CAGR) of 23.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The conversational ai market size is expected to grow to $22.07 billion in 2027 at a CAGR of 22.7%.
Read More On The Conversational AI Market Report Here:
https://www.thebusinessresearchcompany.com/report/conversational-ai-global-market-report
Major competitors in the conversational AI market include Google Inc., IBM Corporation, Amazon Web Services Inc., Artificial Solutions Holding ASH AB, Baidu Inc., Microsoft Corporation, Oracle Corporation, SAP ERP, Kore.ai Inc., Jio Haptik Technologies Limited, Conversica Inc., Rasa Technologies Inc., Solvvy, Saarthi.ai, Exceed.ai, Mindsay, and FIS.
The conversational AI market is segmented -
• By Type: IVA, Chatbots
• By Component: Platform, Services
• By Deployment: Cloud, On-Premises
• By Technology: Machine Learning, Deep Learning, NLP, Automated Speech Recognition
• By End User: BFSI, Retail and E-commerce, Healthcare and Life Science, Travel and Hospitality, Telecom, Media and Entertainment, Other End-Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the conversational AI market in 2022.
Check Out Buying Options For The Conversational Ai Market Report Here:
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Conversational AI is a type of artificial intelligence that allows users to engage with computer applications such as advanced chatbots or AI chatbots similar to the way they would interact with other humans. The conversational artificial intelligence (AI) is used to respond to queries, resolve issues, collect information, conduct transactions, and deliver services more quickly and efficiently.
The Table Of Content For The Conversational Ai Market Include:
1. Executive Summary
2. Conversational AI Market Characteristics
3. Conversational AI Market Trends And Strategies
4. Conversational AI Market - Macro Economic Scenario
5. Conversational AI Market Size And Growth
6. Conversational AI Market Segmentation
……
26. Africa Conversational AI Market
27. Conversational AI Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Conversational AI Market
29. Conversational AI Market Future Outlook and Potential Analysis
30. Appendix
The "Global Conversational AI Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies conversational AIificant trends and strategies that companies can leverage for business expansion.
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