Conversational AI Market Intelligence Report - Global Forecast to 2027

The Global Conversational AI Market is projected to reach USD 33,246.64 million by 2027 from USD 4,364.07 million in 2021, at a CAGR 40.27% during the forecast period.

Market Statistics:

The report provides market sizing and forecast across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF. It helps organization leaders make better decisions when currency exchange data is readily available. In this report, the years 2019 and 2020 are considered historical years, 2021 as the base year, 2022 as the estimated year, and years from 2023 to 2027 are considered the forecast period.

• The Americas Conversational AI Market size was estimated at USD 1,554.87 million in 2021 and expected to reach USD 2,097.96 million in 2022, at a CAGR 39.67% to reach USD 11,545.01 million by 2027.
• The Asia-Pacific Conversational AI Market size was estimated at USD 1,281.68 million in 2021 and expected to reach USD 1,769.51 million in 2022, at a CAGR 40.73% to reach USD 9,957.29 million by 2027.
• The Europe, Middle East & Africa Conversational AI Market size was estimated at USD 1,527.51 million in 2021 and expected to reach USD 2,097.72 million in 2022, at a CAGR 40.48% to reach USD 11,744.33 million by 2027.

Market Segmentation & Coverage:

The report on conversational ai identifies key attributes about the customer to define the potential market and identify different needs across the industry. Understanding the potential customer group's economies and geographies can help gain business acumen for better strategic decision-making. Our market coverage across different industry verticals reveals the hidden truth about the players' strategies in different verticals and helps the organization decide target audience. This report gives you the composite view of sub-markets coupled with comprehensive industry coverage and provides you with the right way of accounting factors such as norms & regulations, culture, to make right coverage strategy for your market plan.

This research report categorizes the conversational ai to forecast the revenues and analyze the trends in each of the following sub-markets:

Type:

• Chatbots
• Intelligent Virtual Assistants

Deployment Mode:

• Cloud
• On-premises

Component:

• Platform
• Services
  • Support & Maintenance
  • System Integration & Deployment
  • Training & Consulting

Technology:

• Automated Speech Recognition
• Machine Learning & Deep Learning
• Natural Language Processing

Vertical:

• Banking, Financial Services, & Insurance
• Healthcare & Life Sciences
• Media & Entertainment
• Retail & Ecommerce
• Telecom
• Travel & Hospitality

Application:

• Branding & Advertisement
• Customer Engagement & Retention
• Customer Support
• Data Privacy & Compliance
• Onboarding & Employee Engagement
• Personal Assistant

Region:

• Americas
  • Argentina
  • Brazil
  • Canada
  • Mexico
  • United States
    • California
    • Florida
    • Illinois
    • New York
    • Ohio
    • Pennsylvania
    • Texas
• Asia-Pacific
  • Australia
  • China
  • India
  • Indonesia
  • Japan
  • Malaysia
  • Philippines
  • Singapore
  • South Korea
  • Taiwan
  • Thailand
• Europe, Middle East & Africa
  • France
  • Germany
  • Italy
  • Netherlands
  • Qatar
  • Russia
  • Saudi Arabia
  • South Africa
  • Spain
  • United Arab Emirates
  • United Kingdom

Company Usability Profiles:

• 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
• Kore.ai, Inc.
• Microsoft Corporation
• Nuance Communications, Inc.
• Oracle Corporation
• Pypestream Inc.
• Rasa Technologies, Inc.
• Reliance Industries Limited
• Rulai Inc.
• SAP SE
• ServiceNow, Inc.
• SoundHound Inc.