Conversational AI Market is anticipated to grow at a considerable CAGR of 20.5% during the forecast period. There are several growth opportunities that could be taken advantage by major companies to maximize the potential of the conversational AI market. One such key opportunity is to rise in integration of the existing conversational AI capabilities into advance AI capabilities. Several key market companies are building intelligent agents and services to perform integrated tasks with multiple other platforms that are using AI and NLP technology. To offer the user smart controls without touching and speech, companies are innovating the integration of AI and gesture control. The integrated technology can also be used in high noise disturbance environments or when the user’s tone and accent is unrecognizable.
For instance, in February 2021, Anexinet Corp., which a leading provider of digital business solutions partnered with an IPsoft Company named Amelia. Amelia is an independent leader in enterprise AI. In conjunction with their licensed, innovative AI solution, the partnership enabled Anexinet to launch its newest kickstart: Conversational AI Strategy & Roadmap. This three-week program jumpstarts every organization’s ability to elevate their customer experience and streamline processes by replicating human behavior through advanced automation bots.
Furthermore, conversational AI only offers assistance in English language with a few additional languages in key company’s chatbots and virtual assistants. Thus, the global adoption of advance conversational AI would support creating chatbots and virtual assistants in regional language, further driving the growth of the market. For instance, in February of 2018, Google announced that their Google assistant would start supporting seven new languages. Additionally, the Google assistant will also provide support to 16 languages and new actions using Dialogflow.
To Request a Sample of our Report on Conversational AI Market: https://www.omrglobal.com/request-sample/conversational-ai-market
Market Coverage
- The market number available for – 2021-2029
- Base year- 2021
- Forecast period- 2023-2029
Segment Covered-
- By Type
- By Mode of Integration
- By Technology
- By Application
- By End-user
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape– including Amazon Web Services Inc., Artificial Solutions International AB, Jio Haptik Technologies Ltd., IBM Corp., Microsoft Corp., and others.
Conversational AI Market Report Segment
By Type
- IVA
- Chatbot
By Mode of Integration
- Web-based
- App-based
- Telephonic
By Technology
- Machine & Deep learning
- Natural Learning Process (NLP)
- Automatic Speech Recognition (ASR)
By Application
- Customer Support
- Personal Assistance
- Branding & Advertising
By End-user
- BSFI
- Retail & E-commerce
- Healthcare
- IT & Telecom
- Media & Entertainment
- Others (Travel & Hospitality and Government Institutions)
A full Report of Conversational AI Market is Available at: https://www.omrglobal.com/industry-reports/conversational-ai-market
Conversational AI Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East & Africa
Company Profiles
- Avaamo Inc.
- AmplifyReach
- Baidu, Inc.
- Conversica, Inc.
- Cognigy GmbH
- Creative Virtual
- Google LLC
- Gupshup
- Inbenta
- Kasisto, Inc.
- ai
- MindMeld, Inc.
- Oracle Corp.
- Pypestream Inc.
- Rasa Technologies Inc.
- Rulai
- SAP SE
- Senseforth AI Research Pvt. Ltd.
- SoundHound, Inc.
- Solvvy
Reasons to buy from us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
