The global conversational Artificial Intelligence (AI) market size reached USD 4.91 Billion in 2020 and is expected to register a CAGR of 22.6%, during the forecast period, according to latest analysis by Emergen Research. Rising demand for Artificial Intelligence-driven customer support services is expected to drive global conversational AI market revenue growth over the forecast period. Increasing implementation of conversational AI chatbots in the automotive industry is expected to augment global conversational AI market growth going ahead. One of the most prominent trends in the market is increasing application of chatbots to retain employees. AI-powered chatbots assist businesses in delivering useful details about an employee’s level of engagement that can result in a lower churn rate, which is expected to boost the market growth going ahead.

The Conversational Artificial Intelligence (AI) market intelligence report aims to decipher solutions to several critical issues encountered by Conversational Artificial Intelligence (AI) market players that are curtailing the growth of the market. The Conversational Artificial Intelligence (AI) market report evaluates the viability of new investment projects and presents accurate market estimations. Overall, the report gives the major statistics on the current landscape of the Conversational Artificial Intelligence (AI) market and acts as an exhaustive database of valuable information for all the companies, stakeholders, distributors, and readers interested in strengthening their share in the global market.

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Global Conversational Artificial Intelligence (AI) market forecast has been provided following thorough study, focus, comparison, and analysis of a varying range of factors and past market forecast and present outcomes. Conversational Artificial Intelligence (AI) Market forecast is made possible through, but has not been limited to, a study and analysis of a variety of factors and trends, and these are verified through interviews with industry experts and companies operating in the market.

Competitive Scenario:

Rising focus by major companies on product/service expansion into new and untapped domestic markets, increasing investments in strategic agreements, favourable government policies and regulations, and growing competition in the market are some major trends observed in the Conversational Artificial Intelligence (AI) market. Development of more advanced offerings is driving rising demand and deployment in respective sectors/industries, and this is expected to drive market revenue growth to a significant extent over the forecast period.

The Global Conversational Artificial Intelligence (AI) Market is consolidated due to the presence of a large number of both domestic and international manufacturers. The international companies are resorting to innovative expansion strategies like mergers and acquisitions (M&A), joint ventures, and collaborations, in order to broaden their product range, thereby increasing the global market share. The competition among the major competitors is dependent on several elements viz., the supply chain, technological innovation, production capacity, and cost analysis.

Top key Companies in Conversational Artificial Intelligence (AI) Market are:

Google LLC, Microsoft Corporation, Oracle Corporation, International Business Machines Corporation, Baidu Inc., Nuance Communications Inc., SAP SE, Conversica Inc., Inbenta Technologies Inc., and Avaamo Inc.

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The Conversational Artificial Intelligence (AI) market report looks at the paradigm shifts in the market as seen in the global landscape to help readers capitalize on the developments in the competitive scenario. By accumulating industry-wide data, the report creates an exhaustive database containing all critical aspects of the global market including, Geographies, Technology, Product Types, Applications, Business Verticals, and Sales Channels, among others.

Emergen Research has segmented the global conversational AI market on the basis of deployment, component, type, technology, end-use, and region:

• Deployment Outlook (Revenue, USD Billion; 2018–2028)
  • On-Premises
  • Cloud

• Component Outlook (Revenue, USD Billion; 2018–2028)
  • Service
  • Platform

• Type Outlook (Revenue, USD Billion; 2018–2028)
  • Intelligent Virtual Assistants
  • Chatbots

• Technology Outlook (Revenue, USD Billion; 2018–2028)
  • Natural Language Processing
  • Automated Speech Recognition
  • Machine Learning
  • Deep Learning

• End-use Outlook (Revenue, USD Billion; 2018–2028)
  • Healthcare
  • Media & Entertainment
  • Automotive
  • E-Commerce
  • Retail
  • BFSI
  • Telecom
  • Others

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Pivotal market aspects like market trends, the shift in customer preferences, fluctuating consumption, cost volatility, the product range available in the market, growth rate, drivers and constraints, financial standing, and challenges existing in the Conversational Artificial Intelligence (AI) market are comprehensively evaluated to deduce their impact on the growth of the Conversational Artificial Intelligence (AI) market in the coming years. The report also gives an industry-wide competitive analysis, highlighting the different market segments, individual market share of leading players, and the contemporary market scenario and the most vital elements to study while assessing the global Conversational Artificial Intelligence (AI) market.

Region wise performance of the Conversational Artificial Intelligence (AI) industry

An extensive analysis of the Conversational Artificial Intelligence (AI) market has also been performed, which includes different factors, right from region-centric statistical data and commercial progress to both macro- and micro-economic indicators that are vital to draw a precise forecast. Furthermore, the study gives a comprehensive assessment of the growth prospects, challenges, drivers, hurdles, and the patents observed in the Conversational Artificial Intelligence (AI) market. Additionally, the key vendor analysis, product launches, market trends, and revenue generation, have also been furnished in the report to help readers formulate lucrative strategies.

Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:

• United States
• Europe
• China
• Japan
• Southeast Asia
• India

We can also provide the customized separate regional or country-level reports, for the following regions:

North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa

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Key point summary of the Conversational Artificial Intelligence (AI) market report:

• The report offers a comprehensive overview of the market size, share, and growth rate in the forecast duration.
• The study categorizes the Conversational Artificial Intelligence (AI) market on the basis of leading regions, product types, applications, market value and volume, business verticals, and end-user industries.
• It also states the current scenario, historical data, giving an accurate market forecast for the coming years.
• Industry supply chain, sourcing strategy, upstream feedstock, and downstream demand analysis has also been undertaken in the Conversational Artificial Intelligence (AI) market research report.
• The study offers a comprehensive understanding of the demand and supply dynamics, including production and consumption rates, and mapping of the overall Conversational Artificial Intelligence (AI) market.
• It also offers regional market analysis and forecast for prominent geographies in the sector viz., North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
• The report employs different analytical tools including, SWOT analysis, Porter’s five forces analysis, and pricing analysis, to give accurate Conversational Artificial Intelligence (AI) market insights.
• It also offers research-backed estimations for the forecast period of eight years, primarily to predict the potential Conversational Artificial Intelligence (AI) market growth.

Table of Content

Chapter 1. Methodology & Sources

1.1. Conversational Artificial Intelligence (AI) Market Definition

1.2. Research Scope

1.3. Methodology

1.4. Research Sources

1.4.1. Primary

1.4.2. Secondary

1.4.3. Paid Sources

1.5. Conversational Artificial Intelligence (AI) Market Estimation Technique

Chapter 2. Executive Summary

2.1. Summary Snapshot, 2021-2028

Chapter 3. Key Insights

Chapter 4. Conversational Artificial Intelligence (AI) Market Segmentation & Impact Analysis

4.1. Conversational Artificial Intelligence (AI) Market Material Segmentation Analysis

4.2. Industrial Outlook

4.2.1. Conversational Artificial Intelligence (AI) Market indicators analysis

4.2.2. Conversational Artificial Intelligence (AI) Market drivers analysis

4.2.2.1. Rapid urbanization and industrialization

4.2.2.2. Stringent government regulations regarding carbon emissions

4.2.2.3. Increasing prevalence of respiratory diseases

4.2.2.4. Rising need to enhance indoor air quality

4.2.3. Conversational Artificial Intelligence (AI) Market restraints analysis

4.2.3.1. High cost associated with the maintenance of Conversational Artificial Intelligence (AI) products

4.2.3.2. Availability of renewable sources of energy

4.3. Technological Insights

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

4.6. Competitive Metric Space Analysis

4.7. Price trend Analysis

4.8. Covid-19 Impact Analysis

Chapter 10. Competitive Landscape

10.1. Conversational Artificial Intelligence (AI) Market Revenue Share By Manufacturers

10.2. Mergers & Acquisitions

10.3. Competitor’s Positioning

10.4. Strategy Benchmarking

10.5. Vendor Landscape

10.5.1. Raw Material Suppliers

10.5.1.1. North America

10.5.1.2. Europe

10.5.1.3. Asia Pacific

10.5.1.4. Middle East & Africa

10.5.1.5. Latin America

10.5.2. Distributors

10.5.2.1. North America

10.5.2.2. Europe

10.5.2.3. Asia Pacific

10.5.2.4. Middle East & Africa

10.5.2.5. Latin America

10.5.3. Others

Continued….

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