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Global Conversational AI Market 2023 : SWOT Analysis Of Key Driving Factors For Growing CAGR Value | Google Inc., IBM Corporation, Amazon Web Services Inc., Artificial Solutions Holding ASH AB, Baidu Inc
Conversational AI Market
Conversational AI Market Size, Growth Rate, And Forecast
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%.
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Conversational AI Market Drivers
Increasing focus on customer engagement is expected to drive the conversational AI market. Customer engagement is the process of communicating with customers through various channels to strengthen relationships.
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Conversational AI Market Segments
1) By Type: IVA, Chatbots
2) By Component: Platform, Services
3) By Deployment: Cloud, On-Premises
4) By Technology: Machine Learning, Deep Learning, NLP, Automated Speech Recognition
5) 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.
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Conversational AI Market Key Players
Major players in the conversational ai market are 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 Business Research Company's "Global Conversational AI Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
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
……
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
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