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Global Conversational Computing Platform Market 2019-2023 - Product Image

Global Conversational Computing Platform Market 2019-2023

  • ID: 4792947
  • Report
  • Region: Global
  • 115 pages
  • TechNavio
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FEATURED COMPANIES

  • Amazon Web Services, Inc.
  • Google LLC
  • IBM Corp.
  • Microsoft Corp.
  • MORE
Global Conversational Computing Platform Market: About this market

Conversational computing platform are software programs that facilitate interactions between humans and computers through text or voice inputs. This conversational computing platform market analysis considers sales from the adoption of virtual digital assistants and chatbots. Our analysis also considers the sales of conversational computing platform in APAC, Europe, North America, South America, and MEA. In 2018, the virtual digital assistants segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the increasing use of virtual digital assistants in smartphones will play a significant role in the virtual digital assistants segment to maintain its market position. Also, our global conversational computing platform market report looks at factors such as reduction in time and cost required to develop conversational computing platforms, use of chatbots simplifying customer service operations, and rising use of chatbots on messaging apps. However, issues associated with data privacy, chatbots replacing manual work, and unwanted actions performed by conversational computing platforms may hamper the growth of the conversational computing platform industry over the forecast period.

Global Conversational Computing Platform market: Overview

Rising use of chatbots on messaging apps

The online presence of several organizations and growing need for digital ways to stay connected with customers have compelled them to use chatbots. These chatbots allow them to address potential queries of website visitors. In addition, chatbots have proved to enhance the marketing strategies of these organizations. The deployment of improved chatbots will lead to the expansion of the global conversational computing platform market at a CAGR of more than 43% during the forecast period.

Rise in the use of voice-based assistants

Virtual digital assistants are highly preferred to manage smart home devices by understanding and responding to both simple and complex commands. This is encouraging vendors to introduce smart speakers and smartphones with virtual digital assistants. It also helps them to expand their customer base. The introduction of such devices integrated with voice-based assistants is expected to have a positive impact on the overall market growth.

Competitive Landscape

With the presence of several major players, the global conversational computing platform market is moderately fragmented. This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading conversational computing platform manufacturers, that include Amazon Web Services, Inc., Google LLC, IBM Corp., Microsoft Corp., and Nuance Communications Inc.

Also, the conversational computing platform market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Amazon Web Services, Inc.
  • Google LLC
  • IBM Corp.
  • Microsoft Corp.
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT
  • Preface
  • Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
PART 04: MARKET SIZING
  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition
PART 06: MARKET SEGMENTATION BY TYPE
  • Market segmentation by type
  • Comparison by type
  • Virtual digital assistants - Market size and forecast 2018-2023
  • Chatbots - Market size and forecast 2018-2023
  • Market opportunity by type
PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE
  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity
PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 11: MARKET TRENDS
  • Use of AI in conversational computing platforms
  • Rise in use of voice-based assistants
  • Applications in e-commerce
PART 12: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
PART 13: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Amazon Web Services, Inc.
  • Google LLC
  • IBM Corp.
  • Microsoft Corp.
  • Nuance Communications Inc.
PART 14: APPENDIX
  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors
List of Exhibits:
Exhibit 01: Global artificial intelligence (AI) market
Exhibit 02: Segments of global artificial intelligence (AI) market
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 05: Market definition - Inclusions and exclusions checklist
Exhibit 06: Market size 2018
Exhibit 07: Global market: Size and forecast 2018-2023 ($ billions)
Exhibit 08: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 09: Five forces analysis 2018
Exhibit 10: Five forces analysis 2023
Exhibit 11: Bargaining power of buyers
Exhibit 12: Bargaining power of suppliers
Exhibit 13: Threat of new entrants
Exhibit 14: Threat of substitutes
Exhibit 15: Threat of rivalry
Exhibit 16: Market condition - Five forces 2018
Exhibit 17: Type - Market share 2018-2023 (%)
Exhibit 18: Comparison by type
Exhibit 19: Virtual digital assistants - Market size and forecast 2018-2023 ($ billions)
Exhibit 20: Virtual digital assistants - Year-over-year growth 2019-2023 (%)
Exhibit 21: Chatbots - Market size and forecast 2018-2023 ($ billions)
Exhibit 22: Chatbots - Year-over-year growth 2019-2023 (%)
Exhibit 23: Market opportunity by type
Exhibit 24: Customer landscape
Exhibit 25: Market share by geography 2018-2023 (%)
Exhibit 26: Geographic comparison
Exhibit 27: North America - Market size and forecast 2018-2023 ($ billions)
Exhibit 28: North America - Year-over-year growth 2019-2023 (%)
Exhibit 29: APAC - Market size and forecast 2018-2023 ($ billions)
Exhibit 30: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 31: Europe - Market size and forecast 2018-2023 ($ billions)
Exhibit 32: Europe - Year-over-year growth 2019-2023 (%)
Exhibit 33: MEA - Market size and forecast 2018-2023 ($ billions)
Exhibit 34: MEA - Year-over-year growth 2019-2023 (%)
Exhibit 35: South America - Market size and forecast 2018-2023 ($ billions)
Exhibit 36: South America - Year-over-year growth 2019-2023 (%)
Exhibit 37: Key leading countries
Exhibit 38: Market opportunity
Exhibit 39: Impact of drivers and challenges
Exhibit 40: Vendor landscape
Exhibit 41: Landscape disruption
Exhibit 42: Vendors covered
Exhibit 43: Vendor classification
Exhibit 44: Market positioning of vendors
Exhibit 45: Amazon Web Services, Inc. - Vendor overview
Exhibit 46: Amazon Web Services, Inc. - Organizational developments
Exhibit 47: Amazon Web Services, Inc. - Key offerings
Exhibit 48: Google LLC - Vendor overview
Exhibit 49: Google LLC - Organizational developments
Exhibit 50: Google LLC - Key offerings
Exhibit 51: IBM Corp. - Vendor overview
Exhibit 52: IBM Corp. - Business segments
Exhibit 53: IBM Corp. - Organizational developments
Exhibit 54: IBM Corp. - Geographic focus
Exhibit 55: IBM Corp. - Segment focus
Exhibit 56: IBM Corp. - Key offerings
Exhibit 57: Microsoft Corp. - Vendor overview
Exhibit 58: Microsoft Corp. - Business segments
Exhibit 59: Microsoft Corp. - Organizational developments
Exhibit 60: Microsoft Corp. - Geographic focus
Exhibit 61: Microsoft Corp. - Segment focus
Exhibit 62: Microsoft Corp. - Key offerings
Exhibit 63: Nuance Communications Inc. - Vendor overview
Exhibit 64: Nuance Communications Inc. - Business segments
Exhibit 65: Nuance Communications Inc. - Organizational developments
Exhibit 66: Nuance Communications Inc. - Geographic focus
Exhibit 67: Nuance Communications Inc. - Segment focus
Exhibit 68: Nuance Communications Inc. - Key offerings
Exhibit 69: Validation techniques employed for market sizing
Exhibit 70: Definition of market positioning of vendors
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Amazon Web Services, Inc.
  • Google LLC
  • IBM Corp.
  • Microsoft Corp.
  • MORE
The following companies are recognised as the key players in the global conversational computing platform market: Amazon Web Services, Inc., Google LLC, IBM Corp., Microsoft Corp., and Nuance Communications Inc.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the rise in the use of voice-based assistants”.

According to the report, one of the major drivers for this market is the rising use of chatbots on messaging apps.

Further, the report states that one of the major factors hindering the growth of this market is the issues associated with data privacy.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • Amazon Web Services, Inc.
  • Google LLC
  • IBM Corp.
  • Microsoft Corp.
  • Nuance Communications Inc.
Note: Product cover images may vary from those shown
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