BusinessInformation and Communication Technology

Conversational AI Market – Global Industry Sales, Supply, Consumption, Demand, Analysis with top Key players like Google LLC, Microsoft, Amazon Web Services, Inc., SAP SE,Artificial Solutions,ai, Inc.

Global Conversational AI Market

Conversational AI Market
Conversational AI Market

The Scope of the Global Conversational AI Market report extends from the market eventualities to comparative rating between major players, price and profit. This Makes available the holistic view on competitive analysis of the market. Some of the top players involved in the market are profiled completely in a systematic manner.  Conversational AI is the usage of messaging app, chat bots and other digital platform so that they can provide platform to the customers where they can interact with virtual assistant and can solve their problem. This also helps the organization to improve by finding new techniques to communicate with the customers.

The Conversational AI Market report includes a discussion of the key market trends of past and present time affecting client’s requirements and having a significant influence on the overall development of the market’s growth. A detailed analysis of the key drivers and restraints are also included in the report. Along with an analytical overview of the prospect impact of these factors on the future growth prospects of the market. The Conversational AI Market report Displays the Competitive nature among key manufacturers, with market share, revenue and sales

Global Conversational AI Market is expected to rise from its initial estimated value of USD 3.27 billion to an estimated value of USD 27.08 billion by 2026, registering a CAGR of 30.25% in the forecast period of 2019-2026. Rising demand for AI- powered customer support services is the major factor for the growth of this market.

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Top Competitors/Players:

  • Google LLC
  • Microsoft,
  • Amazon Web Services, Inc.,
  • SAP SE,
  • Artificial Solutions,
  • ai, Inc.,
  • Avaamo,
  • IBM Corporation,
  • Oracle,
  • Nuance Communications, Inc.,
  • Conversica, Inc.,
  • Haptik, Inc.,
  • Rasa Technologies Inc.,
  • Solvvy, Pypestream Inc.,
  • Baidu,
  • Inbenta Technologies Inc.,
  • Rulai, Creative Virtual Ltd.

Market Drivers:

  • Less development cost of the chat bot is driving the growth of this market
  • Technological advancement and development in the conversional AI is another factor driving the market.

Market Restraints:

  • Less information about the conversational AI is restraining the market
  • Lack of efficiency in chat bot is another factor restraining the growth of this market.

Table of Contents

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview and Industry Trends

6 Product Conversational AI Market, By Type

7 Product Conversational AI Market, By Organization Size

8 Product Conversational AI Market Analysis, By Region

9 Competitive Landscape

10 Company Profiles

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Segmentation: Global Conversational AI Market

  • By Component
    • Platform
    • Services
    • Training and Consulting
    • System Integration and Deployment
    • Support and Maintenance
  • By Type
    • Intelligent Virtual Assistants
    • Chat bots
  • By Technology
    • Machine Learning and Deep Learning
    • Natural Language Processing
    • Automated Speech Recognition
  • By Deployment Mode
    • Cloud
    • On- Premises
  • By Application
    • Customer Support
    • Personal Assistant
    • Branding and Advertisement
    • Customer Engagement and Retention
    • Onboarding and Employee Engagement
    • Data Privacy and Compliance
    • Others
  • By Vertical
    • Banking
    • Financial Services, and Insurance
    • Retail and Ecommerce,
    • Healthcare and Life Sciences
    • Travel and Hospitality
    • Telecom
    • Media and Entertainment
    • Others
  • By Geography
    • North America
      • US
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Rest of South America
    • Europe
      • Germany
      • France
      • United Kingdom
      • Italy
      • Spain
      • Russia
      • Turkey
      • Belgium
      • Netherlands
      • Switzerland
      • Rest of Europe
    • Asia-Pacific
      • Japan
      • China
      • South Korea
      • India
      • Australia
      • Singapore
      • Thailand
      • Malaysia
      • Indonesia
      • Philippines
      • Rest of Asia Pacific
    • Middle East & Africa
      • South Africa
      • Egypt
      • Saudi Arabia
      • United Arab Emirates
      • Israel
      • Rest of Middle East & Africa

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Key Developments in the Market:

  • In March 2019, announced the launch of their new software which is specially designed to build, implement and operate the virtual agents to the U.S. The main aim is to create software that can improve the relationship between customer and business and help the customer to get high level of accuracy. This new technology will be available on both on premise deployments.
  • In October 2017, TD Bank Group (TD) announced their agreement with Kasisto so that they can combine the KAI Banking platform into the TD’s mobile app which can help the customer to get instant help and support whenever they want. This will also help the customer to get information related to their account, their transaction history and their spending level.

Competitive Analysis

Global conversational AI market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of conversational AI market for global, Europe, North America, Asia-Pacific and South America.


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