Conversational AI Market Research Report, By Type, By Deployment Mode, By Component, By Technology, By Industry, By Application, By Region – Global Forecast to 2026


Conversational AI Market Research Report By Type (Chatbots And Smart Virtual Assistants), By Deployment Mode (Cloud And On-Premises), By Component, By Technology, By Industry, By Application, By Region (Americas, Asia-Pacific & Europe, Middle East & Africa) – Global Forecast to 2026 – Cumulative Effects of COVID-19

New York, Jan 13, 2022 (GLOBE NEWSWIRE) – Announces the Release of Conversational AI Market Research Report By Type, By Deployment Mode, By Component, By Technology, By Industry, By Application, By Region – Global Forecast to 2026 – Cumulative Effects of COVID-19 “-

The global market size for Conversational AI was estimated at $ 3,210.61M in 2020 and is expected to reach $ 4,364.07M in 2021, with a CAGR of 39.07% by 2026 to reach $ 23,229.91M.

Market Statistics:
The report provides market sizes and forecasts for five major currencies – USD, EUR, GBP, JPY and AUD. It helps business leaders make better decisions when exchange rate data is readily available. In this report, 2018 and 2019 are considered historical years, 2020 as base year, 2021 as estimated year, and years 2022 to 2026 as forecast period.

Market segmentation and coverage:
This research report categorizes the Conversational AI to help forecast revenue and analyze trends in each of the following sub-markets:

Based on the type, the chatbots and intelligent virtual assistants market has been studied.

Based on the deployment mode, the market in the cloud and on-premise was examined.

Based on Component, the market was examined across platforms and services. The services will be further explored in the areas of support and maintenance, system integration and deployment, and training and consulting.

Based on the technology, the market was examined in the areas of Automated Speech Recognition, Machine Learning & Deep Learning and Natural Language Processing.

Based on Vertical, the market was studied across banking, financial services and insurance, healthcare and life sciences, media and entertainment, retail and e-commerce, telecommunications, and travel and hospitality.

Based on the application, the market was examined in the areas of branding & advertising, customer engagement & retention, customer support, data privacy & compliance, onboarding & employee engagement and personal assistant.

The Americas, Asia-Pacific, and Europe, Middle East, and Africa markets were studied based on the region. America is being studied further in Argentina, Brazil, Canada, Mexico, and the United States. The United States is being studied further in California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia Pacific region is being further explored in Australia, China, India, Indonesia, Japan, Malaysia, the Philippines, Singapore, South Korea, Taiwan, and Thailand. Europe, the Middle East, and Africa will be further explored in France, Germany, Italy, the Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, the United Arab Emirates, and the United Kingdom.

Cumulative Effects of COVID-19:
COVID-19 is an unparalleled global public health emergency that affects almost every industry, and the long-term impact is expected to affect industry growth over the forecast period. Our ongoing research expands our research framework to ensure that underlying COVID-19 issues and potential avenues into the future are included. The report provides insights into COVID-19, taking into account changes in consumer behavior and demand, purchasing behavior, supply chain diversion, the dynamics of current market forces and significant government interventions. The updated study offers insights, analysis, estimates and projections considering the impact of COVID-19 on the market.

Competitive strategic window:
The Competitive Strategic Window analyzes the competitive landscape in terms of markets, applications and regions to help the provider define an alignment or correspondence between its capabilities and opportunities for future growth prospects. It describes the optimal or favorable suitability for the vendors to implement successive merger and acquisition strategies, geographic expansion, research and development as well as strategies for the introduction of new products in order to carry out further business expansion and growth during a forecast period.

FPNV positioning matrix:
The FPNV positioning matrix evaluates and categorizes the providers in the Conversational AI market based on business strategy (business growth, industry coverage, financial profitability and channel support) and product satisfaction (value for money, ease of use, product features and customer support). ), which helps companies make decisions and understand the competitive landscape.

Market share analysis:
The market share analysis offers the analysis of providers taking into account their contribution to the overall market. It brings the idea of ​​its revenue generation into the overall market compared to other providers in this area. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing the market share provides an idea of ​​the size and competitiveness of the providers for the base year. It shows the market characteristics in terms of accumulation, fragmentation, dominance and merging characteristics.

Competitive scenario:
The competitive scenario provides a predictive analysis of the various business growth strategies of the providers. The news covered in this section provides valuable thoughts on the various stages while keeping up to date with the business and engaging stakeholders in the economic debate. The competitive scenario represents press releases or news from the companies categorized into Mergers and Acquisitions, Agreement, Collaboration and Partnership, New Product Introduction and Improvement, Investment and Financing, and Awards, Recognition and Expansion. All of the messages collected help vendors understand the gaps in the market and the strengths and weaknesses of competitors, and provide insights to improve products and services.

Company usability profiles:
The report thoroughly examines the recent major 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,, 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 ..

The report provides insights into the following notices:
1. Market Penetration: Provides extensive information on the market offered by the major players
2. Market Development: Provides detailed information on lucrative emerging markets and analyzes market penetration in mature market segments
3. Market Diversification: Provides detailed information on new product launches, undeveloped regions, recent developments and investments
4. Competitive Assessment & Intelligence: Offers a comprehensive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape and manufacturing capacities of the leading companies
5. Product development and innovation: Provides intelligent insights into future technologies, R&D activities and breakthrough product developments

The report answers questions like:
1. What is the market size and forecast of the Global Conversational AI Market?
2. What are the restraining factors and effects of COVID-19 that will shape the global AI market during the forecast period?
3. In which products / segments / applications / areas should investments be made in the global AI market during the forecast period?
4. What is the competitive strategic window of opportunity 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 providers in the global conversational AI market?
7. Which modes and strategic steps are considered suitable for entering the global conversational AI market?
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