Market Overview

Due to growing demand across a variety of industries, including retail and e-commerce, healthcare, BFSI, telecom, and automotive, the conversational AI market is growing rapidly. The retail and e-commerce industries are the most receptive to these due to their focus on enhancing customer experience and accelerating sales. Thanks to advancements in Natural Language Processing (NLP), Machine Learning (ML), and AI-driven automation, businesses are utilising text-based, voice-based, and multimodal AI to improve engagement and optimise operations. With a 33.4% anticipated compound annual growth rate (CAGR),

Get Free Sample Copy of This Report – https://www.statsandresearch.com/request-sample/40574--global-conversational-ai-market-

Market Dynamics

The section is divided into the following technological categories: Text-to-Speech (TTS), Speech-to-Text (STT), Automated Speech Recognition (ASR), Natural Language Processing (NLP), and Machine Learning & Deep Learning. With a substantial market share of 39.8%, Natural Language Processing (NLP) dominates the industry. Over the course of the projection period, it is expected to grow at a CAGR of 24%.

Request Customization report- https://www.statsandresearch.com/enquire-before/40574--global-conversational-ai-market-

Segments-

By Technology:

o Natural Language Processing (NLP)

o Machine Learning & Deep Learning

o Automated Speech Recognition (ASR)

o Text-to-Speech (TTS) & Speech-to-Text (STT)l



Microsoft announced an updated version of Microsoft Teams Premium in February 2023. The update incorporates the newest technology to make meetings more intelligent, customised, and safe, including Large Language Models driven by OpenAI's GPT-3.5.

Key Players

Microsoft, IBM, Google, Amazon, Rasa, Ada, LivePerson, Kore.ai, Yellow.ai, DeepSeek, Mistral AI, Intercom, Salesken, SmatBot, CoRover are some of the key players in the industry. The key players in the industry are actively pursuing strategic developments such as product launches, partnership agreements, etc to gain a further foothold in the market.

Access Full Report –: https://www.statsandresearch.com/report/40574--global-conversational-ai-market-/

Contact:
Stats and Research
Phone: +1 650-646-3808
Email: [email protected]
Web: https://www.statsandresearch.com/
Follow Us on: LinkedIN| Twitter|
Facebook | Instagram

Top Trending reports:-
Digital Accessibility Software

Blockchain Beyond copyright



Hackathon