Market Highlights
The conversational computing platform market growth is witnessing a considerable increase across the globe. The market growth attributes to the rising demand from various verticals, including BFSI, IT telecommunications, e-commerce retail, entertainment media, and travel hospitality. Besides, the increasing adoption of conversational computing platforms across end-users verticals substantiates the size of the market.
Moreover, the increasing implementation of machine learning and conversational computers to enhance the performance of chatbots and voice products escalate market growth. According to Market Research Future (MRFR), the global conversational computing platform market is projected to grow at a significant CAGR during the review period (2021–2027). The augmenting demand for optimized business conversational needs boosts the market demand.
Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/9554
Additionally, the rising uptake of conversational computing solutions in telecommunication IT, BFSI, and retail e-commerce companies fosters the market's growth. Rising awareness about conversational computing, increasing adoption of the technology, and stringent government initiatives are some of the other major driving forces behind the market's growth.
Conversational Computing Platform Market is Predicted to Reach US$ 19.26 Billion by 2027 Registering a CAGR of 41.15%
Segmentation:
The report is segmented into six dynamics;
By Type : Solution (Text Assistant, Chatbots, Voice Assistant { Natural Language Understanding, Natural Language Processing, Machine Learning Deep Learning, Automated Speech Recognition}) and Services (Consulting Training, System Integration Deployment, Support Maintenance, others).
By Technology: Machine Learning Deep Learning, Natural Language Processing, Natural Language Understanding, Automated Speech Recognition, and others.
By Deployment Type: On-Premise and On-Cloud.
By Application : Personal Assistance, Data Privacy Compliance, Branding Advertisement, Customer Engagement Retention, Onboarding Employee Engagement, Booking Travel Arrangements, Customer Support, and others.
By Vertical : Retail Ecommerce, BFSI, Telecom, Entertainment Media, Travel Hospitality and others.
By Regions : Asia Pacific, North America, Europe, and the Rest-of-the-World.
Conversational Computing Platform Market - Competitive Analysis
Highly competitive, the conversational computing platform market appears to be fragmented due to the presence of numerous well-established players. Prevailing strategies traced from the study of recent developments of the players include product launch, agreement partnership, acquisition, and expansion. The study indicates large investments by multinational companies and emerging startups. The market demonstrates a high growth prospect, which, in turn, is attracting several new entrants to the market that would intensify the market competition further.
Major Players:
Players leading the conversational computing platform market include Alphabet, Inc. (US), IBM Corporation (US), Microsoft Corporation (US), Artificial Solutions (Spain), Amazon.com, Inc. (US), Accenture (Ireland), Botpress, Inc. (Canada), Apexchat (US), Cognizant (US), Conversica, Inc. (US), Cognigy GmbH (Germany), Jio Haptik Technologies Limited (India), Omilia Natural Language Solutions Ltd. (Cyprus), Nuance Communications, Inc. (US), and Oracle (US), among others.
Industry/Innovation/Related News:
Amelia US LLC, an IPsoft Company, launched its new conversational platform Digital Employee Builder that can democratize the creation of intelligent conversational agents by significantly lowering the technical barrier to adoption. Amelia is a global leader in AI and cognitive abilities, and it wants to reach the next level by delivering AI value to more people.
The Digital Employee Builder lowers technical barriers for implementing conversational AI agents and dramatically compresses time-to-value. The target for democratization of AI may include business partners, business executives, salespeople, assembly line workers, application developers, and IT professionals in the enterprise.
Browse Complete Report @ https://www.marketresearchfuture.com/reports/conversational-computing-platform-market-9554
Conversational Computing Platform Market Research Report: By Type (Solution [Chatbot, Text Assistant, Voice Assistant {Natural Language Processing, Natural Language Understanding, Machine Learning Deep Learning, Automated Speech Recognition}], Service [Consulting Training, System Integration Deployment, Support Maintenance]), By Deployment Type (On-Premise and Cloud), By Technology (Natural Language Processing, Natural Language Understanding, Machine Learning Deep Learning, Automated Speech Recognition), By Application (Personal Assistance, Branding Advertisement, Data Privacy Compliance, Customer Engagement Retention, Customer Support, Onboarding Employee Engagement, Booking Travel Arrangements and others), By Vertical (Retail Ecommerce, BFSI, Telecom, Entertainment Media, Travel Hospitality and others), Region (North America, Europe, Asia-Pacific, Middle East Africa and South America) - Forecast till 2025
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future
+1 646 845 9312
Email: [email protected]
