Conversational Systems Market to grow from $4.6 billion in 2019 to USD 17.4 billion by 2026, at a (CAGR) of 30% during 2021–2026.
A dialogue system refers to a system used in cognitive computing tools capable of processing two-way and simple text and voice conversations as semantic outputs. These systems utilize advanced models based on multiple modalities such as visual, auditory and tactile to provide communication across a network of digital devices, including sensors, IoT systems, and appliances.
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Key Players
Major vendors in the global market include Google (US), Microsoft (US), IBM (US), AWS (US), Baidu (China), Oracle (US), SAP (Germany), Nuance (US), Artificial Solutions (Spain), Conversica (US), Haptik (India), Rasa (Germany), Rulai (US), Avaamo (US), Kore.ai (US), Solvvy (US), Pypestream (US), Inbenta (US), and Saarthi.ai (India).
Conversational Systems Market, By Type
• Voice Assisted
• Text Assistant
• Others
Conversational Systems Market, By Component
• Hardware
• Software
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Scope of the Report
The research study analyzes the global Conversational Systems industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Conversational Systems Market Report
1. What was the Conversational Systems Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2019-2026).
2. What will be the CAGR of Conversational Systems Market during the forecast period (2019-2026)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2019-2026).
4. Which manufacturer/vendor/players in the Conversational Systems Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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