Conversational Artificial Intelligence (AI) Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2021-2027

The global interactive AI market was valued at $38.9 billion in 2019 and is expected to reach $18.2 billion by 2027 and is expected to grow at a CAGR of 21% from 2021 to 2027.

Technological advances and innovations in the field of artificial intelligence are the driving force behind the market growth. In addition, the increasing adaptation of omni-channel deployment methods and low cost of chatbot applications are another factor driving the market growth. In addition, the increasing utilization of AI-based customer service is having a positive impact on the growth of the interactive AI market.

Major players such as Amazon Web Services, Inc., Microsoft, Oracle, IBM, Google LLC, SAP ERP, Baidu, Inc., Nuance, Artificial Solutions, Haptik and Creative Virtual.

Conversational Artificial Intelligence (AI) Market Segmentations

By Technology

• Machine Learning and Deep Learning
• Automated Speech Recognition
• Natural Language Processing

By Deployment Type

• on-premises
• cloud

By Vertical

• solutions
• services

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Key Questions Answered by Conversational Artificial Intelligence (AI) Market Report

• What was the Conversational Artificial Intelligence (AI) Market in 2020 and 2021; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of Conversational Artificial Intelligence (AI) Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2021-2027)?
• Which manufacturer/vendor/players in the Conversational Artificial Intelligence (AI) Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.