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Conversational AI Market worth $100.75 billion by 2030 | Cumulative Impact of COVID-19, Russia Ukraine Conflict, and High Inflation - Exclusive Report by 360iResearch
Conversational AI Market | 360iResearch
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The Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and High Inflation is expected to have significant long-term effects on the Global Conversational AI Market. The ongoing research considers the changes in consumer behavior, supply chain disruptions, and government interventions caused by the pandemic. Similarly, the report considers the ongoing political and economic uncertainty in Eastern Europe caused by the Russia-Ukraine Conflict and its potential implications for demand-supply balances, pressure on pricing variants, and import/export and trading. Additionally, the report addresses the impact of High Inflation on the global economy and details fiscal policies measuring and reducing its effects on demand, supply, cash flow, and currency exchange.
Market Segmentation & Coverage:
This research report categorizes the Global Conversational AI Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Chatbots and Intelligent Virtual Assistants. The Chatbots commanded largest market share of 61.24% in 2022, followed by Intelligent Virtual Assistants.
Based on Deployment Mode, market is studied across Cloud and On-premises. The Cloud commanded largest market share of 82.36% in 2022, followed by On-premises.
Based on Component, market is studied across Platform and Services. The Services is further studied across Support & Maintenance, System Integration & Deployment, and Training & Consulting. The Platform commanded largest market share of 59.32% in 2022, followed by Services.
Based on Technology, market is studied across Automated Speech Recognition, Machine Learning & Deep Learning, and Natural Language Processing. The Machine Learning & Deep Learning commanded largest market share of 32.15% in 2022, followed by Natural Language Processing.
Based on Vertical, market is studied across Banking, Financial Services, & Insurance, Healthcare & Life Sciences, Media & Entertainment, Retail & Ecommerce, Telecom, and Travel & Hospitality. The Retail & Ecommerce commanded largest market share of 44.01% in 2022, followed by Telecom.
Based on Application, market is studied across Branding & Advertisement, Customer Engagement & Retention, Customer Support, Data Privacy & Compliance, Onboarding & Employee Engagement, and Personal Assistant. The Personal Assistant commanded largest market share of 32.70% in 2022, followed by Customer Support.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 35.17% in 2022, followed by Europe, Middle East & Africa.
Market Statistics:
The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.
FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Global Conversational AI Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in a particular market space. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global Conversational AI Market, including Amazon Web Services, Inc., AmplifyReach Solutions Private Limited, Artificial Solutions International AB, Avaamo, Inc., Baidu, Inc, Cognigy GmbH, Conversica, Inc., Creative Virtual Ltd., Exceed. AI Ltd., FIS, Gamut Analytics Pvt. ltd., Google LLC, Inbenta Holdings Inc., Interactions LLC, International Business Machines Corporation, Kore.ai, Inc., Microsoft Corporation, Nuance Communications, Inc., Oracle Corporation, Pypestream Inc., Rasa Technologies, Inc., Reliance Industries Limited, Rulai Inc., SAP SE, ServiceNow, Inc., and SoundHound Inc..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Conversational AI Market, by Type
7. Conversational AI Market, by Deployment Mode
8. Conversational AI Market, by Component
9. Conversational AI Market, by Technology
10. Conversational AI Market, by Vertical
11. Conversational AI Market, by Application
12. Americas Conversational AI Market
13. Asia-Pacific Conversational AI Market
14. Europe, Middle East & Africa Conversational AI Market
15. Competitive Landscape
16. Competitive Portfolio
17. Appendix
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Market Trends: Provides comprehensive understanding of the Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and the High Inflation
5. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
6. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Global Conversational AI Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the Global Conversational AI Market during the forecast period?
3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Conversational AI Market?
4. What is the competitive strategic window for opportunities in the Global Conversational AI Market?
5. What are the technology trends and regulatory frameworks in the Global Conversational AI Market?
6. What is the market share of the leading vendors in the Global Conversational AI Market?
7. What modes and strategic moves are considered suitable for entering the Global Conversational AI Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
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