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The Global Conversational AI Market is expected to grow by $1.14 bn during 2022-2026, accelerating at a CAGR of 21.6% during the forecast period


Global Conversational AI Market 2022-2026 The analyst has been monitoring the conversational AI market and it is poised to grow by $1. 14 bn during 2022-2026, accelerating at a CAGR of 21.

New York, Nov. 09, 2022 (GLOBE NEWSWIRE) -- announces the release of the report "Global Conversational AI Market 2022-2026" -
6% during the forecast period. Our report on the conversational AI market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis of the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growth in natural language processing (NLP), machine learning (ML), and AI technologies, increasing adoption of smartphones, and increasing demand for AI-powered customer support services.
The conversational AI market analysis includes the deployment segment and geographic landscape.

The conversational AI market is segmented as below:
By Deployment
• On-premise
• Cloud

By Geographical Landscape
• North America
• Europe
• Middle East and Africa
• South America

This study identifies the increasing need for customer engagement as one of the prime reasons driving the conversational AI market growth during the next few years. Also, rise in use of voice-based assistants and integration of advanced ai capabilities to add value to existing conversational ai offerings will lead to sizable demand in the market.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the conversational AI market covers the following areas:
• Conversational AI market sizing
• Conversational AI market forecast
• Conversational AI market industry analysis

This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading conversational AI market vendors that include Alphabet Inc., Inc., AmplifyReach India, Artificial Solutions International AB, Avaamo Inc., Baidu Inc., Cognigy GmbH, Conversica Inc., Creative Virtual Ltd., Fidelity National Information Services Inc., Gamut Analytics Pvt. Ltd., Inbenta Holdings Inc., International Business Machines Corp., Jio Haptik Technologies Ltd., Kasisto Inc., Inc., Microsoft Corp., Oracle Corp., Rasa Technologies Inc., SAP SE, and SoundHound Inc. Also, the conversational AI market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio’s market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Read the full report:

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