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The conversational AI and virtual agents market is forecasted to grow by USD 30.20 billion during 2024-2029, accelerating at a CAGR of 27.1% during the forecast period. The report on the conversational AI and virtual agents market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for enhanced customer experience, growing need for operational efficiency and cost reduction, and advancements in artificial intelligence and natural language processing.
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 size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
The conversational AI and virtual agents market is segmented as below:
By Component
- Solutions
- Services
By Deployment
- On-premises
- Cloud-based
By End-user
- BFSI
- Retail and eCommerce
- IT and telecom
- Healthcare
- Others
By Geographical Landscape
- North America
- APAC
- Europe
- Middle East and Africa
- South America
The report on the conversational AI and virtual agents market covers the following areas:
- Conversational AI And Virtual Agents Market sizing
- Conversational AI And Virtual Agents Market forecast
- Conversational AI And Virtual Agents Market industry analysis
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Five Forces Analysis
7 Market Segmentation by Component
8 Market Segmentation by Deployment
9 Market Segmentation by End-user
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global conversational AI and virtual agents market: Amazon Web Services Inc., Avaamo Inc., Cognigy GmbH, Conversica Inc., Fidelity National Information Services Inc., Five9 Inc., Google LLC, International Business Machines Corp., Jio Haptik Technologies Ltd., Kasisto Inc., Kore.AI Inc., Microsoft Corp., Nuance Communications Inc., Oracle Corp., Pypestream Inc., Rasa Technologies Inc., SAP SE, Teneo AI, and Zoho Corp. Pvt. Ltd..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is proliferation of omnichannel communication strategies and digital transformation initiatives."
According to the report, one of the major drivers for this market is the increasing demand for enhanced customer experience.
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.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Amazon Web Services Inc.
- Avaamo Inc.
- Cognigy GmbH
- Conversica Inc.
- Fidelity National Information Services Inc.
- Five9 Inc.
- Google LLC
- International Business Machines Corp.
- Jio Haptik Technologies Ltd.
- Kasisto Inc.
- Kore.ai Inc.
- Microsoft Corp.
- Nuance Communications Inc.
- Oracle Corp.
- Pypestream Inc.
- Rasa Technologies Inc.
- SAP SE
- Teneo AI
- Zoho Corp. Pvt. Ltd.
