Conversational Commerce Market Trends That Will Shape the Next Decade: Insights from Bobble AI Revolutionizes Conversational Commerce With The Launch Of Bobble Super

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How Large Will the Conversational Commerce Market Size By 2025?
In recent times, the market size of conversational commerce has witnessed a swift expansion. It is predicted to enlarge from $11.04 billion in 2024 to $12.94 billion in 2025, showcasing a compound annual growth rate (CAGR) of 17.2%. Factors that contributed to the growth in the historical period include growing demand in various industries, increased need for customer support and personal assistance, concerns related to data privacy and compliance, the mounting popularity of messaging applications, along with the surging demand for a tailor-made customer experience.

How Big Is the Conversational Commerce Market Size Expected to Grow by 2029?
Expectations are high for a steady surge in the market size of conversational commerce in the upcoming years, with projections indicating it will reach $17.55 billion in 2029, boasting a compound annual growth rate (CAGR) of 7.9%. Factors contributing to this potential growth during the forecast period include an analysis of consumer behavior, expansion of the global market, increasing need for multilingual chatbots, and an uptake in the usage of chatbots in e-commerce, especially voice-enabled ones. Upcoming trends further fueling this anticipated growth include advancements in natural language processing, multi-modal dialogues, custom solutions for different industries, implementation of voice assistants in internet of things (IoT) devices, and ongoing learning and adaptation.

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Which Key Market Drivers Powering Conversational Commerce Market Expansion and Growth?
Growth in the e-commerce sector is predicted to fuel the advancement of the conversational commerce market in the future. Conversational commerce has the capacity to aid online vendors in harnessing the power of conversation to trade their goods and services by promoting interaction via AI-generated text and voice assistants, social messaging applications, and other forward-thinking conversational commerce technologies. E-commerce, which involves the trading of goods and services over the Internet, is the driving force behind this. For example, US retail e-commerce reached a value of $271.7 billion in the third quarter of 2023 as per the United States Census Bureau, a department of commerce based in the US. This indicates a marginal 0.9% surge from $269.3 billion in sales made during the second quarter of 2023. Moreover, there was a more rapid expansion of e-commerce sales in the third quarter of 2023, leaping 7.8% compared to the same quarter in the previous year. This solidifies the fact that the e-commerce industry's growth is directly influencing the rise of the conversational commerce market.

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What Trends Will Shape the Conversational Commerce Market Through 2029 and Beyond?
Leading businesses in the conversational commerce market like Bobble AI are bringing forward inventive products such as Bobble Super to more comprehensively comprehend the needs, wants, and queries of customers. Bobble Super, which is incorporated with the AI-driven keyboard of Bobble AI, delivers a smooth and accessible shopping journey to users. In March 2023, Bobble AI, a chat media platform located in India, unveiled Bobble Super. This branch of conversational commerce offers customers a stress-free, custom-tailored, and instant intent-driven shopping experience straight from its keyboard application. Existing and potential customers can carry out various actions like ordering food, booking airline tickets, and gifting online to over 100 companies including Swiggy, Redrail, Winni, and Garnier. With the help of advanced intent recognition technology that tracks user intents throughout their smartphone use in real time, the Super Keyboard app extends personalized product and service suggestions during their mobile device journey.

What Are the Emerging Segments in the Conversational Commerce Market?
The conversational commercemarket covered in this report is segmented -

1) By Type: Chatbots, Intelligent Virtual Assistants
2) By Component: Solution, Services
3) By Deployment Mode: Cloud, On-Premises
4)By Enterprise Size: Small And Mid-Sized Enterprises (SMEs), Large Enterprises

Subsegments:
1) By Chatbots: Rule-Based Chatbots, AI-Powered Chatbots, E-commerce Chatbots, Customer Support Chatbots
2) By Intelligent Virtual Assistants: Voice Assistants, Text-Based Assistants, Multi-Channel Assistants, Personal Shopping Assistants

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Who Are the Global Leaders in the Conversational Commerce Market?
Major companies operating in the conversational commerce market report are Amazon Inc., Apple Inc., Google LLC, Microsoft Corporation, Facebook Inc., IBM Corporation, Oracle Corporation, Salesforce Inc., Shopify Inc., Webio Ltd., Zendesk Inc., Nuance Communications Inc., LivePerson, HubSpot, Kore.ai Inc., Intercom Inc., Drift.com Inc., Haptic Technologies Pvt Ltd., SleekFlow, Yalochat, CogniCor Technologies, Charles GmbH, Octane AI, Recart, Bobble Keyboard

Which are the Top Profitable Regional Markets for the Conversational Commerce Industry?
North America was the largest region in the conversational commerce market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the conversational commerce market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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