Conversational AI Market 2023 | Growth, Market Size, Analysis, Competitive Landscape, Share & Forecast To 2032

Posted September 26, 2023 by snigdhatbrc

The market size is expected to grow from $7.86 billion in 2022 to $9.73 billion in 2023 at a compound annual growth rate (CAGR) of 23.8%.
The Conversational AI Global Market Report 2023, provides comprehensive information on the conversational ai market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

Learn More On The Conversational AI Market’s Growth:

As per The Business Research Company’s Conversational AI Global Market Report 2023, the market size is expected to grow from $7.86 billion in 2022 to $9.73 billion in 2023 at a compound annual growth rate (CAGR) of 23.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the conversational ai is expected to grow to $22.07 billion in 2027 at a CAGR of 22.7%.

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The conversational ai market is segmented:

1) Conversational AI Market By Type: IVA, Chatbots

2) Conversational AI Market By Component: Platform, Services

3) Conversational AI Market By Deployment: Cloud, On-Premises

4) Conversational AI Market By Technology: Machine Learning, Deep Learning, NLP, Automated Speech Recognition

5) Conversational AI Market By End User: BFSI, Retail and E-commerce, Healthcare and Life Science, Travel and Hospitality, Telecom, Media and Entertainment, Other End-User

North America was the largest region in the conversational ai market in 2022.

The table of contents in TBRC’s conversational ai market report includes:

1. Executive Summary

2. Conversational AI Market Characteristics

3. Conversational AI Market Trends And Strategies

4. Conversational AI Market - Macro Economic Scenario

5. Conversational AI Market Size And Growth


26. Africa Conversational AI Market

27. Conversational AI Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Conversational AI Market

29. Conversational AI Market Future Outlook and Potential Analysis

30. Appendix

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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.

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Issued By snigdha
Country United States
Categories Technology
Tags conversational ai market , conversational ai market size , conversational ai market share , conversational ai market trends
Last Updated September 26, 2023