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Europe Conversational AI Market By Component, By Technology, By Deployment Type, By Type, By End User, By Country, Opportunity Analysis and Industry Forecast, 2021 - 2027

  • ID: 5504200
  • Report
  • October 2021
  • Region: Europe
  • 143 Pages
  • Marqual IT Solutions Pvt. Ltd (KBV Research)

FEATURED COMPANIES

  • Amazon.com, Inc.
  • Artificial Solutions
  • Baidu, Inc.
  • Conversica, Inc.
  • Google, Inc.
  • IBM Corporation

The Europe Conversational AI Market is expected to witness market growth of 15.9% CAGR during the forecast period (2021-2027).


The increase in demand for AI-based customer support services is projected to drive the growth of the conversational AI market during the forecast period. Additionally, the growth of conversational AI market is expected to witness bright prospects due to the growing deployment of omnichannel methods. Along with that, increasing customer engagement via social media platforms is estimated to create lucrative growth opportunities for the key market players in the conversational AI market over the forecast period. Though, the low level of awareness regarding conversational AI solutions is expected to hamper the growth of the market.


There are several benefits offered by conversational AI technology to the enterprises like reduction in cost, more efficiency, better customer experience, and many more. These benefits are attracting more companies towards its adoption and thus, fueling the growth of the regional conversational AI market. By using conversational AI, companies can enhance their interaction with the customer and provide a better customer experience.


The automotive industry is one of the major industries using conversational AI-based solutions to improve their products and the strong automotive sector of this region is escalating the growth of the regional market over the forecast period. Along with that, the increasing customer engagement on social media platforms is also paving way for the companies to expand their business and outreach more consumers. This is expected to further accelerate the growth of the regional conversational AI market.


Additionally, conversational AI consists of elements that are developed to enable Gartner chatbot or virtual agents to process, understand and create a response. In addition, conversational AI is further advanced by the improvements in artificial technology which is expected to surge the growth of the conversational AI market in the coming years.


The Germany market dominated the Europe Conversational AI Automated Speech Recognition Market by Country 2020, thereby, achieving a market value of $202.8 million by 2027. The UK market is exhibiting a CAGR of 14.1% during (2021 - 2027). Additionally, The France market is anticipated to witness a CAGR of 15.8% during (2021 - 2027).


Based on Component, the market is segmented into Platform and Services. Based on Technology, the market is segmented into Natural Language Processing (NLP), Automated Speech Recognition, Deep Learning and Others. Based on Deployment Type, the market is segmented into Cloud and On-premise. Based on Type, the market is segmented into Chatbots and Intelligent Virtual Assistant (IVA). Based on End User, the market is segmented into Retail & eCommerce, BFSI, Travel & Hospitality, Healthcare, Telecom, Media & Entertainment, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.



The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Microsoft Corporation, Baidu, Inc., IBM Corporation, SAP SE, Oracle Corporation, Google, Inc., Amazon.com, Inc., Artificial Solutions, Conversica, Inc. and Inbenta Technologies, Inc.



Scope of the Study

Market Segments Covered in the Report:


By Component


  • Platform
  • Services

By Technology


  • Natural Language Processing (NLP)
  • Automated Speech Recognition
  • Deep Learning
  • Others

By Deployment Type


  • Cloud
  • On-premise

By Type


  • Chatbots
  • Intelligent Virtual Assistant (IVA)

By End User


  • Retail & eCommerce
  • BFSI
  • Travel & Hospitality
  • Healthcare
  • Telecom
  • Media & Entertainment
  • Others

By Country

  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe

Key Market Players

List of Companies Profiled in the Report:


  • Microsoft Corporation
  • Baidu, Inc.
  • IBM Corporation
  • SAP SE
  • Oracle Corporation
  • Google, Inc.
  • Amazon.com, Inc.
  • Artificial Solutions
  • Conversica, Inc.
  • Inbenta Technologies, Inc.

Unique Offerings from the Publisher

  • Exhaustive coverage
  • The highest number of market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Amazon.com, Inc.
  • Artificial Solutions
  • Baidu, Inc.
  • Conversica, Inc.
  • Google, Inc.
  • IBM Corporation

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Conversational AI Market, by Component
1.4.2 Europe Conversational AI Market, by Technology
1.4.3 Europe Conversational AI Market, by Deployment Type
1.4.4 Europe Conversational AI Market, by Type
1.4.5 Europe Conversational AI Market, by End User
1.4.6 Europe Conversational AI Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2017, Apr - 2021, Sep) Leading Players
Chapter 4. Europe Conversational AI Market by Component
4.1 Europe Conversational AI Platform Market by Country
4.2 Europe Conversational AI Services Market by Country
Chapter 5. Europe Conversational AI Market by Technology
5.1 Europe Conversational AI Natural Language Processing (NLP) Market by Country
5.2 Europe Conversational AI Automated Speech Recognition Market by Country
5.3 Europe Conversational AI Deep Learning Market by Country
5.4 Europe Machine Learning Conversational AI Market by Country
Chapter 6. Europe Conversational AI Market by Deployment Type
6.1 Europe Cloud Conversational AI Market by Country
6.2 Europe On-premise Conversational AI Market by Country
Chapter 7. Europe Conversational AI Market by Type
7.1 Europe Chatbots Conversational AI Market by Country
7.2 Europe Intelligent Virtual Assistant (IVA) Conversational AI Market by Country
Chapter 8. Europe Conversational AI Market by End User
8.1 Europe Retail & eCommerce Conversational AI Market by Country
8.2 Europe BFSI Conversational AI Market by Country
8.3 Europe Travel & Hospitality Conversational AI Market by Country
8.4 Europe Healthcare Conversational AI Market by Country
8.5 Europe Telecom Conversational AI Market by Country
8.6 Europe Media & Entertainment Conversational AI Market by Country
8.7 Europe Others Conversational AI Market by Country
Chapter 9. Europe Conversational AI Market by Country
9.1 Germany Conversational AI Market
9.1.1 Germany Conversational AI Market by Component
9.1.2 Germany Conversational AI Market by Technology
9.1.3 Germany Conversational AI Market by Deployment Type
9.1.4 Germany Conversational AI Market by Type
9.1.5 Germany Conversational AI Market by End User
9.2 UK Conversational AI Market
9.2.1 UK Conversational AI Market by Component
9.2.2 UK Conversational AI Market by Technology
9.2.3 UK Conversational AI Market by Deployment Type
9.2.4 UK Conversational AI Market by Type
9.2.5 UK Conversational AI Market by End User
9.3 France Conversational AI Market
9.3.1 France Conversational AI Market by Component
9.3.2 France Conversational AI Market by Technology
9.3.3 France Conversational AI Market by Deployment Type
9.3.4 France Conversational AI Market by Type
9.3.5 France Conversational AI Market by End User
9.4 Russia Conversational AI Market
9.4.1 Russia Conversational AI Market by Component
9.4.2 Russia Conversational AI Market by Technology
9.4.3 Russia Conversational AI Market by Deployment Type
9.4.4 Russia Conversational AI Market by Type
9.4.5 Russia Conversational AI Market by End User
9.5 Spain Conversational AI Market
9.5.1 Spain Conversational AI Market by Component
9.5.2 Spain Conversational AI Market by Technology
9.5.3 Spain Conversational AI Market by Deployment Type
9.5.4 Spain Conversational AI Market by Type
9.5.5 Spain Conversational AI Market by End User
9.6 Italy Conversational AI Market
9.6.1 Italy Conversational AI Market by Component
9.6.2 Italy Conversational AI Market by Technology
9.6.3 Italy Conversational AI Market by Deployment Type
9.6.4 Italy Conversational AI Market by Type
9.6.5 Italy Conversational AI Market by End User
9.7 Rest of Europe Conversational AI Market
9.7.1 Rest of Europe Conversational AI Market by Component
9.7.2 Rest of Europe Conversational AI Market by Technology
9.7.3 Rest of Europe Conversational AI Market by Deployment Type
9.7.4 Rest of Europe Conversational AI Market by Type
9.7.5 Rest of Europe Conversational AI Market by End User
Chapter 10. Company Profiles
10.1 Microsoft Corporation
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Segmental and Regional Analysis
10.1.4 Research & Development Expenses
10.1.1 Recent strategies and developments:
10.1.1.1 Partnerships, Collaborations, and Agreements:
10.1.1.2 Acquisition and Mergers:
10.1.2 SWOT Analysis
10.2 Baidu, Inc.
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental Analysis
10.2.4 Research & Development Expenses
10.2.5 Recent strategies and developments:
10.2.5.1 Partnerships, Collaborations, and Agreements:
10.2.5.2 Acquisition and Mergers:
10.2.5.3 Product Launches and Product Expansions:
10.2.6 SWOT Analysis
10.3 IBM Corporation
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Regional & Segmental Analysis
10.3.4 Research & Development Expenses
10.3.5 Recent strategies and developments:
10.3.5.1 Partnerships, Collaborations, and Agreements:
10.3.5.2 Product Launches and Product Expansions:
10.3.6 SWOT Analysis
10.4 SAP SE
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Segmental and Regional Analysis
10.4.4 Research & Development Expense
10.4.5 Recent strategies and developments:
10.4.5.1 Acquisition and Mergers:
10.4.5.2 Product Launches and Product Expansions:
10.4.6 SWOT Analysis
10.5 Oracle Corporation
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Segmental and Regional Analysis
10.5.4 Research & Development Expense
10.5.5 Recent strategies and developments:
10.5.5.1 Partnerships, Collaborations, and Agreements:
10.5.5.2 Product Launches and Product Expansions:
10.5.6 SWOT Analysis
10.6 Google, Inc.
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Segmental and Regional Analysis
10.6.4 Research & Development Expense
10.6.5 Recent strategies and developments:
10.6.5.1 Partnerships, Collaborations, and Agreements:
10.6.5.2 Product launches and Product Expansions:
10.6.6 SWOT Analysis
10.7 Amazon.com, Inc.
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Segmental and Regional Analysis
10.7.4 Recent strategies and developments:
10.7.4.1 Product Launches and Product Expansions:
10.7.5 SWOT Analysis
10.8 Artificial Solutions
10.8.1 Company Overview
10.8.2 Financial Analysis
10.8.3 Regional Analysis
10.8.4 Recent strategies and developments:
10.8.4.1 Partnerships, Collaborations, and Agreements:
10.8.4.2 Product Launches and Product Expansions:
10.9 Conversica, Inc.
10.9.1 Company Overview
10.9.2 Recent strategies and developments:
10.9.2.1 Acquisition and Mergers:
10.9.2.2 Product Launches and Product Expansions:
10.9.2.3 Geographical Expansions:
10.10. Inbenta technologies, Inc.
10.10.1 Company Overview
10.10.2 Recent strategies and developments:
10.10.2.1 Partnerships, Collaborations, and Agreements:
10.10.2.2 Product Launches and Product Expansions:
10.10.2.3 Geographical Expansions:
Note: Product cover images may vary from those shown
  • Microsoft Corporation
  • Baidu, Inc.
  • IBM Corporation
  • SAP SE
  • Oracle Corporation
  • Google, Inc.
  • Amazon.com, Inc.
  • Artificial Solutions
  • Conversica, Inc.
  • Inbenta Technologies, Inc.
Note: Product cover images may vary from those shown

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