Global Conversational Ai Market Trends

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Global Conversational AI Market Size, Share, and Trends Analysis Report Trends

  • ICT
  • Upcoming Report
  • Oct 2024
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220
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“Increased Adoption of Voice Assistants”

One significant trend driving the growth of the conversational AI market is the increasing adoption of voice assistants across various devices. Voice-enabled devices, such as smart speakers and smartphones, have become integral to daily life, allowing users to interact seamlessly with technology. For instance, in January 2024, IBM Consulting introduced the IBM Consulting Advantage, a comprehensive AI services platform designed to enhance efficiency for consultants. This platform features unique methods and tools that leverage both IBM's technology and its strategic partners. Early adopters of this initiative reported productivity boosts of up to 50%, showcasing significant improvements in application design, development, and testing, thus reinforcing IBM's leadership in consulting solutions.

Frequently Asked Questions

The market is segmented based on Global Conversational AI Market Segmentation, By Component (Platform and Services), Type (Intelligent Virtual Assistants, and Chatbots), Technology (Machine Learning and Deep Learning, Natural Language Processing, and Automated Speech Recognition), Deployment Model (0n-Premises and Cloud), Application (Customer Support, Personal Assistant, Branding and Advertisement, Customer Engagement and Retention, Onboarding and Employee Engagement, Data Privacy and Compliance, and Others), Organization Size (Large Enterprises and Small and Medium-Sized Enterprises), Business Function (Sales and Marketing, Finance, HR, Operations, and IT Service Management), Mode of Integration (Web-based, App-based, and Telephonic), End User (Banking, Financial Services, and Insurance, Retail and Ecommerce, Healthcare and Life Sciences, Travel and Hospitality, Telecom, Media and Entertainment, and Others) – Industry Trends and Forecast to 2031 .
The Global Conversational Ai Market size was valued at USD 10.42 USD Billion in 2023.
The Global Conversational Ai Market is projected to grow at a CAGR of 24.04% during the forecast period of 2024 to 2031.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

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