Conversational AI Platform Market Size, Trends, Revenue Share Analysis, Forecast, 2020–2027

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The global conversational AI market size is expected to grow from USD 4.2 billion to USD 15.7 billion by 2027, at a CAGR of 30.2%. The main drivers for the growth of the industry include then surging demand for AI-powered services, Omni-channel deployment, and reduced chatbot development c

The global Conversational AI Platform market report published by Reports and Data is an investigative report providing a comprehensive study of the global Conversational AI Platform market with regards to market share, market size, market analysis, industry revenue, current and emerging trends, and latest technological developments. The report highlights the competitive landscape of the Conversational AI Platform market with focus on company overview, business expansion plans, analysis of top companies, annual sales, and other market projections. The report studies the key market drivers, limitations, threats, challenges, and growth prospects of the market. The report offers informative data on the Conversational AI Platform industry with extensive primary and secondary research which is further validated and verified by industry experts and professionals.

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The report offers key insights into the market landscape to assist the stakeholders and clients formulate fruitful investment strategies. The report also analyzes the factors and initiatives contributing to the market growth. The report analyzes the macro and micro economic factors affecting the market growth. It offers a comprehensive analysis of the competitive landscape of the Conversational AI Platform market along with key collaborations and partnerships between key players of the market. The report investigates key aspects such as financial standing, research and development, product offerings, current deals, investments, and strategic alliances such as mergers and acquisitions, joint ventures, product launches, brand promotions, and corporate deals, among others.

Key market players analyzed in the report are:

Microsoft Corporation, Automation Anywhere, HCL Technologies, Kofax Inc., Accenture plc, Pegasystems, IBM Corporation, Hewlett Packard Enterprise, Blue Prism, and Uipath.

The report further segments the Conversational AI Platform market on the basis of key product types, end-users, and applications. It provides details about the segments expected to register significant growth during the forecast period. The report also discusses the key factors influencing the growth of the key segments.

By Type (Revenue, USD Million; Volume in Tons, 2017–2027)

  • Chatbots
  • Intelligent Virtual Assistant

By Application Type (Revenue, USD Million; Volume in Tons, 2017–2027)

  • IT Service,
  • Customer Service,
  • Administrative And Business Management
  • Marketing And Advertising and Others

 The report focuses on leading regions and their major countries to assess the market growth in the forecast period. The major geographical regions included in the study are North America, Asia Pacific, Europe, Latin America, and Middle East Africa. The regional analysis covers production and consumption ratio, supply and demand, import/export, current and emerging trends, market revenue, market share, industrial chain analysis, and presence of key players in each region.

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Regional Analysis Covers:

  • North America (U.S., Canada, Mexico)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Questions Answered in the Report:

  • Who are the prominent distributors, vendors, and manufacturers of the market?
  • What are the driving and restraining factors of the growth of Conversational AI Platform market throughout the forecast period?
  • What are the current and future market trends of the Conversational AI Platform market?
  • What are the expected opportunities for the companies and new entrants in the coming years?

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