North America Conversational AI Market is expected to grow with the CAGR of 24.8% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.
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North America conversational AI market is a highly fragmented market, which includes number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.
The major players dealing in North America conversational AI market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio.
For instance,
- In September 2021, Nuance Communications announced their collaboration with the company named Leidos for further enhancement of digital patient engagement solutions for healthcare organizations.
- In November 2020, Amazon Web Services, Inc. company introduced a solution for the market. An Amazon Rekognition Custom Labels were introduced for the market to build the specialized machine learning (ML) based image analysis. The customers can build image analysis as per their requirement to detect unique objects and scenes. Through this company enhanced their offering for the customers..
- In January 2020, Oracle had introduced unified multi-lingual NLU, enhanced speech, and data manufacturing to help users to build a separate digital assistant for each language nor do they have to rely on a translation service to power their intent classification and entity recognition. With this, the company had enhanced their digital platform portfolio, thereby helping the users all over the world.
Nuance Communications, Inc.
The Company was founded in 1992 and it’s headquarter is located in U.S. The Company is engaged in providing technology and various conversational AI solution. Their product categories as well as business segments include healthcare, enterprise and others.
- In September 2021, Nuance Communications announced their collaboration with the company named Leidos for further enhancement of digital patient engagement solutions for healthcare organizations.
The company offers services in all over Europe, Asia-Pacific & North America.
AMAZON WEB SERVICES, INC
The company was founded in 2008 and its head quarter is located in U.S. The Company offers on cloud platform to organizations.
- In November 2019, Amazon Web Services, Inc. company introduced a solution for the market. An Amazon Recognition Custom Labels were introduced for the market to build the specialized machine learning (ML) based image analysis. The customers can build image analysis as per their requirement to detect unique objects and scenes. Through this company enhanced their offering for the customers.
The Company has presence in all over Europe, Asia-Pacific, North America & Middle East & Africa.
ORACLE
The company was established in 1977with its headquarter in U.S. The company is engaged in offering AI based integrated solutions to organizations. Their product categories as well as business segments includes cloud and license, hardware and services.
- In January 2021, Oracle had introduced unified multi-lingual NLU, enhanced speech, and data manufacturing to help users to build a separate digital assistant for each language nor do they have to rely on a translation service to power their intent classification and entity recognition. With this, the company had enhanced their digital platform portfolio, thereby helping the users all over the world.
The company is present all over Asia-Pacific, Europe, North America, Middle East & Africa.
