North America Conversational AI Market is growing with factors such as increasing demand for AIpowered customer support services, rising need of optimization of work load with AI guided robot across the industry, growing adoption of chat bots & intelligent virtual agent (IVA) and rise in deployment of omni-channel methods.
However, stringent government regulation for varied organization is hindering the growth of the market to an extent.
North America conversational AI market scenario
According to Data Bridge Market Research, the market for U.S. has the highest market share followed by Canada & Mexico. Market leader is Nuance Communications, Inc. which caters almost 11.15% market share. Some of the recent development by the company are-
- 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 2019, 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.
Trends Impacting the Market
Now the question is which other countries Nuance Communications, Inc, Ltd, Amazon Web Services, Inc. and Oracle are targeting? Data Bridge Market Research has forecasted a large growth conversational AI market in U.S. to be their next pocket revenue for 2021.
Some of the major players operating in North America conversational AI market Microsoft, Amazon Web Services, Inc., Google, Oracle, IBM, Clinc, Pypestream Inc., Solvvy, Nuance Communications, Inc., Rulai, SAP , AVAAMO, CONVERSICA INC., Artificial Solutions, Jio Haptik Technologies Limited, Inbenta Technologies Inc., Rasa Technologies Inc., Baidu, Inc., Kore.ai, Inc., Creative Virtual Ltd among others.
North America conversational AI market developments
- In March 2918, Amazon Web Services, Inc and Haptik had collaborated to offer cutting edge AI assistant solutions to the customer across the region. This collaboration will help both the company to leverage on conversational AI bots and to automate few critical processes across the customer channel.
- 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.
- In July 2021, IBM ad announced the agreement to acquire Bluetab Solutions Group, S.L., to extend its portfolio of data and hybrid cloud consulting services. This enabled the migration to the cloud and helped clients to realize even more value from their mission-critical data. This enhanced the company’s offerings in the market and reinforced its position in Europe.
Scope of the North America conversational AI market
- On the basis of country, the North America conversational AI market is segmented into U.S., Mexico and Canada.
All country based analysis of conversational AI market is further analyzed based on maximum granularity into further segmentation. North America conversational AI market is segmented into seven notable segments which are component, type, technology, enterprise seize, deployment mode, application & vertical.
Key pointers covered in the North America conversational AI market Industry Trends and Forecast to 2028
- Market Size
- Top to Bottom Market Analysis
- Recent Developments for Market Competitors
- Recent Market Value for Different Countries
- Market value and over view of North America conversational AI market
- Company profiling of top players of North America conversational AI market
Key Market Competitors Covered in the Report
- Microsoft
- Amazon Web Services Inc.
- Oracle
- IBM
- Clinc
- Pypestream Inc
- Solvvy
- Nuance Communications, Inc.
- Rulai
- SAP
- AVAAMO
- CONVERSICA INC.
- Artificial Solutions
- Jio Haptik Technologies Limited
- Inbenta Technologies Inc.
- Rasa Technologies Inc.
- Baidu, Inc.
- Kore.ai, Inc.
- Creative Virtual Ltd
Above are the key players covered in the report for North America conversational AI market
Research Methodology: North America conversational AI market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis.
To know more about the research methodology, drop in an inquiry to speak to our industry experts https://www.databridgemarketresearch.com/toc/?dbmr=north-america-conversational-ai-market
Primary Respondents
- Demand Side: Manufacturer, Researchers, Scientists, Research Laboratories
- Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
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