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Conversational AI Market Innovations, Competitive Analysis, New Business Developments and Top Companies Forecast to 2028 | Key Players: Google, Microsoft, Amazon, IBM

03-14-2023 10:56 AM CET | IT, New Media & Software

Press release from: Extrapolate

Conversational AI Market Innovations, Competitive Analysis,

Conversational AI refers to artificial intelligence systems that are designed to have natural language conversations with humans. These systems use natural language processing (NLP) and machine learning techniques to understand and respond to human input.

The Global Conversational AI Market is projected to grow from USD 6.8 billion in 2021 to USD 22.8 billion by 2030 at a CAGR of 21.8%.

๐†๐ž๐ญ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‚๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ@ https://www.extrapolate.com/sample/Information-Technology-Communication-IoT/conversational-ai-market/25956

๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐’๐œ๐จ๐ฉ๐ž

In order to provide a thorough overview of the market, the global Conversational AI market research report includes key details like the industry chain structure, applications, classifications, and definitions. The study report offers a comprehensive overview of the industry, covering topics like supply and demand, price structures, manufacturing methods, and consumer behavior. The paper also discusses import and export strategies, along with objectives and policies for development.

The competitive landscape analysis, historical data, and important areas' development status are all discussed in this study report with the goal of helping organizations come up with effective growth strategies. Additionally, this study also looks at data and statistics related to product consumption, price, cost, gross margin, and revenue. The study's recommendations for appropriate competitive strategies to increase potential profit will aid readers in understanding industry competitiveness.

๐“๐ก๐ž ๐‚๐จ๐ง๐ฏ๐ž๐ซ๐ฌ๐š๐ญ๐ข๐จ๐ง๐š๐ฅ ๐€๐ˆ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ข๐ฌ ๐ก๐ข๐ ๐ก๐ฅ๐ฒ ๐œ๐จ๐ฆ๐ฉ๐ž๐ญ๐ข๐ญ๐ข๐ฏ๐ž ๐š๐ง๐ ๐๐จ๐ฆ๐ข๐ง๐š๐ญ๐ž๐ ๐›๐ฒ ๐š ๐Ÿ๐ž๐ฐ ๐ฅ๐š๐ซ๐ ๐ž ๐ฉ๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ ๐ข๐ง๐œ๐ฅ๐ฎ๐๐ž:
-Google
-Microsoft
-Amazon Web Services, Inc.
-IBM Corporation
-Oracle
-Nuance Communications, Inc.
-FIS.
-SAP SE
-Artificial Solutions
-Kore.ai, Inc.
-Avaamo
-Conversica, Inc.
-Jio Haptik Technologies Limited
-Rasa Technologies Inc.
-Solvvy

๐๐ซ๐จ๐ฐ๐ฌ๐ž ๐Œ๐จ๐ซ๐ž ๐ƒ๐ž๐ญ๐š๐ข๐ฅ๐ฌ ๐–๐ข๐ญ๐ก ๐“๐Ž๐‚@ https://www.extrapolate.com/Information-Technology-Communication-IoT/conversational-ai-market/25956

๐“๐ก๐ž ๐‚๐จ๐ง๐ฏ๐ž๐ซ๐ฌ๐š๐ญ๐ข๐จ๐ง๐š๐ฅ ๐€๐ˆ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ก๐š๐ฌ ๐›๐ž๐ž๐ง ๐ž๐ฑ๐ฉ๐ž๐ซ๐ข๐ž๐ง๐œ๐ข๐ง๐  ๐ฌ๐ข๐ ๐ง๐ข๐Ÿ๐ข๐œ๐š๐ง๐ญ ๐ ๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐ซ๐ž๐œ๐ž๐ง๐ญ ๐ฒ๐ž๐š๐ซ๐ฌ, ๐๐ซ๐ข๐ฏ๐ž๐ง ๐›๐ฒ ๐ฌ๐ž๐ฏ๐ž๐ซ๐š๐ฅ ๐Ÿ๐š๐œ๐ญ๐จ๐ซ๐ฌ:

Increased demand for personalized customer experience: Conversational AI can be used to provide personalized customer experiences through chatbots, virtual assistants, and voice assistants. This is particularly important for businesses looking to differentiate themselves from their competitors by providing a seamless and personalized customer experience.

Advancements in natural language processing (NLP): NLP is the backbone of conversational AI, and recent advancements in NLP technologies have made it possible for AI systems to understand and respond to human language more accurately and naturally than ever before.

Growth of e-commerce: The growth of e-commerce has created a need for conversational AI systems that can help customers with product recommendations, order tracking, and customer support.

๐“๐ก๐ž ๐‚๐จ๐ง๐ฏ๐ž๐ซ๐ฌ๐š๐ญ๐ข๐จ๐ง๐š๐ฅ ๐€๐ˆ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐œ๐š๐ง ๐›๐ž ๐ฌ๐ž๐ ๐ฆ๐ž๐ง๐ญ๐ž๐ ๐ข๐ง๐ญ๐จ ๐ฌ๐ž๐ฏ๐ž๐ซ๐š๐ฅ ๐œ๐š๐ญ๐ž๐ ๐จ๐ซ๐ข๐ž๐ฌ, ๐ข๐ง๐œ๐ฅ๐ฎ๐๐ข๐ง๐ :

๐๐ฒ ๐“๐ฒ๐ฉ๐ž
-IVA
-Chatbots

๐๐ฒ ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ
-Machine Learning
-Deep Learning
-NLP
-Automated Speech Recognition

๐๐ฒ ๐„๐ง๐ ๐”๐ฌ๐ž๐ซ
-BFSI
-Retail & E-commerce
-Healthcare & Life Science
-Telecom
-Media & Entertainment
-Others

๐„๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐€๐›๐จ๐ฎ๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ@ https://www.extrapolate.com/enquire/Information-Technology-Communication-IoT/conversational-ai-market/25956

๐‘๐ž๐œ๐ž๐ง๐ญ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ

๐ˆ๐ง ๐Œ๐š๐ซ๐œ๐ก ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ, Google, Vertex AI, a managed machine learning (ML) platform that helps enterprises to expedite the development and maintenance of artificial intelligence (AI) models, will be generally available according to Google Cloud.Google Cloud has announced the general availability of Vertex AI, a managed platform for machine learning (ML) that facilitates the efficient development and upkeep of AI models. This platform is designed to cater to the needs of enterprises.

๐ˆ๐ง ๐€๐ฉ๐ซ๐ข๐ฅ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ, In an all-cash transaction worth USD 19.7 billion, Microsoft has acquired Nuance Communications, an AI-powered technology company. This acquisition is set to augment Microsoft's capabilities in voice recognition and transcription by leveraging Nuance's expertise in the field.

๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ:

During the forecast period, North America is anticipated to dominate the global conventional AI market due to the adoption of cutting-edge technologies and a growing demand for AI-powered customer support services. With a focus on meeting the needs of their customers, most businesses in the region are investing in technical advancements. The healthcare industry in North America is also making strides in implementing cognitive services and technology, such as augmented and virtual reality, robotics, and AI, to deliver evidence-based health and preventive care.

Meanwhile, the Asia Pacific region is projected to exhibit the highest CAGR during the forecast period, thanks to a growing awareness among enterprises about new customer support services and technologies. The use and demand for conversational AI are being fueled by the expansion of e-commerce, increasing technology adoption in the retail industry, technical innovation in consulting and healthcare, and a rise in internet penetration in the region.

๐‘๐ž๐š๐ฌ๐จ๐ง๐ฌ ๐ญ๐จ ๐๐ฎ๐ฒ ๐“๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ

The report focuses on the most recent business models and shows the extent of the global market's expansion. The report also mentions the anticipation of producing new goods and offering modern services, both of which may ultimately prove to be economically profitable.

This study, which focuses on the key market drivers, restraints, challenges, and opportunities, will assist stakeholders in thoroughly understanding the status and trends of the global industry. This makes it possible for companies to forecast market changes and stay one step ahead of rivals.

Using reliable sources and a variety of research methodologies, the global Conversational AI market research report gives companies and individuals unbiased, thoroughly researched information that will help them expand their businesses and keep their positions in the global market.

๐“๐€๐๐‹๐„ ๐Ž๐… ๐‚๐Ž๐๐“๐„๐๐“:
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. COVID-19 Impact On Conversational AI Market
Chapter 5. Global Conversational AI Market Overview, By Component, 2017 - 2030(USD Million)
Chapter 6. Global Conversational AI Market Overview, By Deployment, 2017 - 2030(USD Million)
Chapter 7. Global Conversational AI Market Overview, By Type, 2017 - 2030(USD Million)
Chapter 8. Global Conversational AI Market Overview, By Technology, 2017 - 2030(USD Million)
Chapter 9. Global Conversational AI Market Overview, By End User, 2017 - 2030(USD Million)
....Continued

๐Ž๐ฎ๐ซ ๐Ž๐ญ๐ก๐ž๐ซ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ:
Smart Toilet Market: https://www.openpr.com/news/2954524/smart-toilet-market-2022-industry-analysis-size-share
Online Betting Market: https://www.openpr.com/news/2954787/online-betting-market-increasing-demand-industry-share
Manufacturing Execution System (MES) Market: https://www.openpr.com/news/2956891/manufacturing-execution-system-market-report-2022-sector
Unmanned Convenience Store Market: https://www.openpr.com/news/2956982/unmanned-convenience-store-market-size-set-to-achieve-usd
Contact Center Software Market: https://www.openpr.com/news/2958980/contact-center-software-market-size-2023-2028-industry
Luggage Market: https://www.openpr.com/news/2959089/luggage-market-size-2023-by-sales-share-growth-opportunity
Cloud Backup and Recovery Market: https://www.openpr.com/news/2961347/cloud-backup-and-recovery-market-a-comprehensive-study
Energy Drinks Market: https://www.openpr.com/news/2961517/global-energy-drinks-market-is-anticipated-to-rise-to-over-usd
Healthcare Chatbots Market: https://www.openpr.com/news/2965024/global-healthcare-chatbots-market-size-and-share-is-forecast
Refrigerated Snacks Market: https://www.openpr.com/news/2965403/global-refrigerated-snacks-market-size-share-revenue-was

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐ฌ:
Extrapolate
Phone: (+1) 888 328 2189
E-mail: talk@extrapolate.com
Website: https://www.extrapolate.com
Blog: https://www.extrapolate.com/blog

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ

Extrapolate bridges the gaps in information with the latest reports published across industries and geographies, covering minute details to put the power of decision-making in your hands. Our focus is to help our partners grow with the power of Insight.

In a connected world, merely being informed is not enough, the speed of information dissemination is a crucial determinant of success. Our team of dedicated subject matter experts and research specialists deep dive into the most complex markets and produce insights that will help shape the way your business moves forward. Our research process harnesses the latest in technology and the best SMEs to build relevant reports that can future-proof your business.

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