Artificial Conversational Entity Market Growth: Global Industry Size, Share, Trend, Demand, Top Players

The Artificial Conversational Entity (ACE) is a technology that can lead a conversation with people through textual methods. One of the significant determinants behind the growth of the artificial conversational entity market is the proliferation of Messaging apps in tandem with conversational and automation technology. One of the most well-known examples of the artificial conversational agent in mobile technology is Siri, a virtual assistant who improves user experience by providing various services and functions on mobile phones through user-controlled voice-based question.

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The report segments the global Market as follows:

By Type (Software, Service);
By Enterprise Size (Small and Medium Enterprise, Large Enterprise);
By Application (Website, Mobile Platform, Social Media, Others);
By Industry Verticals (Retail, BFSI, Healthcare, Media and Entertainment, Others) and
By Geography

Due to the massive adoption of artificial conversational entity technology in various applications, such as e-commerce, gaming, customer service, and others, North America is expected to hold a dominant position on the global artificial conversational entity market. Mexican banks are on the road to adopt an artificial conversational entity to automate their operation, enhance customer experience, and avoid risky transactions, thereby accelerating the region's market growth.

Rapidly changing market dynamics coupled with the continuous demand for customer service and cost-efficiency, and the increased adoption of the artificial conversational agent in the transport and healthcare sector is driving progress in the marketplace. WestJet, for example, launched an artificial conversational agent in August 2020 to help client's book flights, monitor ticket status, and other questions. Similarly, in 2020, Wimbledon, the world-famous tennis tournament, launched an IBM Watson-developed AI-powered chatbot named Fred to direct on-the-grounded spectators and also help them know the game better through its interactive presentation of the on-going match innovations.

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The Key Players in The Global Market Are: 

AIVO
Anboto
Artificial Solutions
Creative Virtual Ltd.
CX Company
eGain Corporation
IBM Corporation
Inbenta Technologies Inc.
Next IT Corp
Nuance Communications, Inc

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the artificial conversational entity market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

The "Global Artificial Conversational Entity Market Analysis to 2028" is a specialized and in-depth study of the technology, media and telecommunications industry with a special focus on the global market trend analysis. The artificial conversational entity market report aims to provide an overview of the artificial conversational entity market with detailed market segmentation by type, enterprise size, application, industry vertical, and geography. The global artificial conversational entity market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading artificial conversational entity market players and offers key trends and opportunities in the market.

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Essential points covered in Artificial Conversational Entity Market report are:-

What will the market size and the growth rate be in 2028?
What are the key growth stimulants of Artificial Conversational Entity Market?
What are the key market trends impacting Artificial Conversational Entity Market valuation?
What are the challenges to market proliferation?
Who are the key vendors in the Artificial Conversational Entity Market?
Which are the leading companies contributing to Artificial Conversational Entity Market valuation?
What was the market share held by each region in 2028?
What is the estimated growth rate and valuation of Artificial Conversational Entity Market in 2028?

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This release was published on openPR.