Conversational AI Market Share in 2023: Predicting Growth with 20.66% CAGR by 2031

Global "Conversational AI Market" report [122 Pages] 2023 offers most accurate analysis on key market dynamics, supply-demand status with regional segments. The report examines competitors analysis based on industry segments by Type (Intelligent Virtual Assistants, Chatbots), applications (BFSI, Retail and Ecommerce, Healthcare and Life Sciences, Travel and Hospitality, Telecom, Media and Entertainment, Others), and regions like North America, Asia, and Europe. Additionally, the Conversational AI market report focuses on business strategies of top key players to take advantage of latest opportunities, trends and restraints under the market dynamics section. It also provides valuable insights into macro and microeconomic factors influencing growth as well as a comprehensive analysis of industry trends and key player performance.

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The global Conversational AI market size was valued at USD 7647.46 million in 2022 and is expected to expand at a CAGR of 20.66% during the forecast period, reaching USD 23596.48 million by 2028.

The report combines extensive quantitative analysis and exhaustive qualitative analysis, ranges from a macro overview of the total market size, industry chain, and market dynamics to micro details of segment markets by type, application and region, and, as a result, provides a holistic view of, as well as a deep insight into the Conversational AI market covering all its essential aspects.

Leading Key Players Covered in the Conversational AI Market Report Are:

Avaamo
Inbenta
SAP ERP
Amazon
Baidu, Inc
Creative Virtual
Google
Senseforth.ai
Microsoft
Artificial Solutions
Nuance
Rulai
Haptik
IBM
Oracle

The report focuses on the Conversational AI market size, segment size (mainly covering product type, application, and geography), competitor landscape, recent status, and development trends. Furthermore, the report provides detailed cost analysis, supply chain. Technological innovation and advancement will further optimize the performance of the product, making it more widely used in downstream applications. Moreover, Consumer behavior analysis and market dynamics (drivers, restraints, opportunities) provides crucial information for knowing the Conversational AI market.

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For the competitive landscape, the report also introduces players in the industry from the perspective of the market share, concentration ratio, etc., and describes the leading companies in detail, with which the readers can get a better idea of their competitors and acquire an in-depth understanding of the competitive situation. Further, mergers & acquisitions, emerging market trends, the impact of COVID-19, and regional conflicts will all be considered.

In a nutshell, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the market in any manner.

Most important types of Conversational AI products covered in this report are:

Intelligent Virtual Assistants
Chatbots

Most widely used downstream fields of Conversational AI market covered in this report are:

BFSI
Retail and Ecommerce
Healthcare and Life Sciences
Travel and Hospitality
Telecom
Media and Entertainment
Others

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Key Takeaways from the Global Conversational AI Market Report:

Market Size Estimates: Conversational AI market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Conversational AI market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Conversational AI market
Segment Market Analysis: Conversational AI market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Conversational AI market situations and prospects in "North America, Asia Pacific, Europe, Latin America, Middle East, Africa"
Country-level Studies on the Conversational AI Market: Revenue and sales volume of major countries in each region
Conversational AI Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Conversational AI market in major regions.
Conversational AI Industry Value Chain: Conversational AI market raw materials & suppliers, manufacturing process, distributors, downstream customers
Conversational AI Industry News, Policies & Regulations

Some of the key questions answered in this report:

What is the size of the overall Conversational AI market and its segments?
What are the key segments and sub-segments in the market?
What are the key drivers, restraints, opportunities and challenges of the Conversational AI market and how they are expected to affect the market?
What are the attractive investment opportunities within the Conversational AI market?
What is the Conversational AI market size at the regional and country-level?
Who are the key market players and their key competitors?
What are the strategies for growth adopted by the key players in Conversational AI market?
What are the recent trends in Conversational AI market? (M&A, partnerships, new product developments, expansions)?
What are the challenges to the Conversational AI market growth?
What are the key market trends affecting the growth of Conversational AI market?

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Report Includes Following Chapters -

Chapter 1 mainly defines the market scope and introduces the macro overview of the industry, with an executive summary of different market segments ((by type, application, region, etc.), including the definition, market size, and trend of each market segment.

Chapter 2 provides a qualitative analysis of the current status and future trends of the market. Industry Entry Barriers, market drivers, market challenges, emerging markets, consumer preference analysis, together with the impact of the COVID-19 outbreak will all be thoroughly explained.

Chapter 3 analyzes the current competitive situation of the market by providing data regarding the players, including their sales volume and revenue with corresponding market shares, price and gross margin. In addition, information about market concentration ratio, mergers, acquisitions, and expansion plans will also be covered.

Chapter 4 focuses on the regional market, presenting detailed data (i.e., sales volume, revenue, price, gross margin) of the most representative regions and countries in the world.

Chapter 5 provides the analysis of various market segments according to product types, covering sales volume, revenue along with market share and growth rate, plus the price analysis of each type.

Chapter 6 shows the breakdown data of different applications, including the consumption and revenue with market share and growth rate, with the aim of helping the readers to take a close-up look at the downstream market.

Chapter 7 provides a combination of quantitative and qualitative analyses of the market size and development trends in the next five years. The forecast information of the whole, as well as the breakdown market, offers the readers a chance to look into the future of the industry.

Chapter 8 is the analysis of the whole market industrial chain, covering key raw materials suppliers and price analysis, manufacturing cost structure analysis, alternative product analysis, also providing information on major distributors, downstream buyers, and the impact of COVID-19 pandemic.

Chapter 9 shares a list of the key players in the market, together with their basic information, product profiles, market performance (i.e., sales volume, price, revenue, gross margin), recent development, SWOT analysis, etc.

Chapter 10 is the conclusion of the report which helps the readers to sum up the main findings and points.

Chapter 11 introduces the market research methods and data sources.

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Detailed TOC of Conversational AI Market Forecast Report 2023-2028:

1 Conversational AI Market Overview

1.1 Product Overview and Scope of Conversational AI Market

1.2 Conversational AI Market Segment by Type

1.2.1 Global Conversational AI Market Sales Volume and CAGR (%) Comparison by Type (2018-2028)

1.3 Global Conversational AI Market Segment by Application

1.3.1 Conversational AI Market Consumption (Sales Volume) Comparison by Application (2018-2028)

1.4 Global Conversational AI Market, Region Wise (2018-2028)

1.5 Global Market Size of Conversational AI (2018-2028)

1.5.1 Global Conversational AI Market Revenue Status and Outlook (2018-2028)

1.5.2 Global Conversational AI Market Sales Volume Status and Outlook (2018-2028)

1.6 Global Macroeconomic Analysis

1.7 The impact of the Russia-Ukraine war on the Conversational AI Market

2 Industry Outlook

2.1 Conversational AI Industry Technology Status and Trends

2.2 Industry Entry Barriers

2.2.1 Analysis of Financial Barriers

2.2.2 Analysis of Technical Barriers

2.2.3 Analysis of Talent Barriers

2.2.4 Analysis of Brand Barrier

2.3 Conversational AI Market Drivers Analysis

2.4 Conversational AI Market Challenges Analysis

2.5 Emerging Market Trends

2.6 Consumer Preference Analysis

2.7 Conversational AI Industry Development Trends under COVID-19 Outbreak

2.7.1 Global COVID-19 Status Overview

2.7.2 Influence of COVID-19 Outbreak on Conversational AI Industry Development

3 Global Conversational AI Market Landscape by Player

3.1 Global Conversational AI Sales Volume and Share by Player (2018-2023)

3.2 Global Conversational AI Revenue and Market Share by Player (2018-2023)

3.3 Global Conversational AI Average Price by Player (2018-2023)

3.4 Global Conversational AI Gross Margin by Player (2018-2023)

3.5 Conversational AI Market Competitive Situation and Trends

3.5.1 Conversational AI Market Concentration Rate

3.5.2 Conversational AI Market Share of Top 3 and Top 6 Players

3.5.3 Mergers & Acquisitions, Expansion

4 Global Conversational AI Sales Volume and Revenue Region Wise (2018-2023)

4.1 Global Conversational AI Sales Volume and Market Share, Region Wise (2018-2023)

4.2 Global Conversational AI Revenue and Market Share, Region Wise (2018-2023)

4.3 Global Conversational AI Sales Volume, Revenue, Price and Gross Margin (2018-2023)

4.4 United States Conversational AI Sales Volume, Revenue, Price and Gross Margin (2018-2023)

4.4.1 United States Conversational AI Market Under COVID-19

4.5 Europe Conversational AI Sales Volume, Revenue, Price and Gross Margin (2018-2023)

4.5.1 Europe Conversational AI Market Under COVID-19

4.6 China Conversational AI Sales Volume, Revenue, Price and Gross Margin (2018-2023)

4.6.1 China Conversational AI Market Under COVID-19

4.7 Japan Conversational AI Sales Volume, Revenue, Price and Gross Margin (2018-2023)

4.7.1 Japan Conversational AI Market Under COVID-19

4.8 India Conversational AI Sales Volume, Revenue, Price and Gross Margin (2018-2023)

4.8.1 India Conversational AI Market Under COVID-19

4.9 Southeast Asia Conversational AI Sales Volume, Revenue, Price and Gross Margin (2018-2023)

4.9.1 Southeast Asia Conversational AI Market Under COVID-19

4.10 Latin America Conversational AI Sales Volume, Revenue, Price and Gross Margin (2018-2023)

4.10.1 Latin America Conversational AI Market Under COVID-19

4.11 Middle East and Africa Conversational AI Sales Volume, Revenue, Price and Gross Margin (2018-2023)

4.11.1 Middle East and Africa Conversational AI Market Under COVID-19

5 Global Conversational AI Sales Volume, Revenue, Price Trend by Type

5.1 Global Conversational AI Sales Volume and Market Share by Type (2018-2023)

5.2 Global Conversational AI Revenue and Market Share by Type (2018-2023)

5.3 Global Conversational AI Price by Type (2018-2023)

5.4 Global Conversational AI Sales Volume, Revenue and Growth Rate by Type (2018-2023)

6 Global Conversational AI Market Analysis by Application

6.1 Global Conversational AI Consumption and Market Share by Application (2018-2023)

6.2 Global Conversational AI Consumption Revenue and Market Share by Application (2018-2023)

6.3 Global Conversational AI Consumption and Growth Rate by Application (2018-2023)

7 Global Conversational AI Market Forecast (2023-2028)

7.1 Global Conversational AI Sales Volume, Revenue Forecast (2023-2028)

7.1.1 Global Conversational AI Sales Volume and Growth Rate Forecast (2023-2028)

7.1.2 Global Conversational AI Revenue and Growth Rate Forecast (2023-2028)

7.1.3 Global Conversational AI Price and Trend Forecast (2023-2028)

7.2 Global Conversational AI Sales Volume and Revenue Forecast, Region Wise (2023-2028)

7.3 Global Conversational AI Sales Volume, Revenue and Price Forecast by Type (2023-2028)

7.4 Global Conversational AI Consumption Forecast by Application (2023-2028)

7.5 Conversational AI Market Forecast Under COVID-19

8 Conversational AI Market Upstream and Downstream Analysis

8.1 Conversational AI Industrial Chain Analysis

8.2 Key Raw Materials Suppliers and Price Analysis

8.3 Manufacturing Cost Structure Analysis

8.3.1 Labor Cost Analysis

8.3.2 Energy Costs Analysis

8.3.3 R&D Costs Analysis

8.4 Alternative Product Analysis

8.5 Major Distributors of Conversational AI Analysis

8.6 Major Downstream Buyers of Conversational AI Analysis

8.7 Impact of COVID-19 and the Russia-Ukraine war on the Upstream and Downstream in the Conversational AI Industry

9 Players Profiles

10 Research Findings and Conclusion

11 Appendix

11.1 Methodology

11.2 Research Data Source

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