![]() Increasing Demand for Conversational AI Solutions by Service Deployers to Fuel Market Growth Some of the major players dominating the conversational AI market share include: A few of the strategies implemented by these players include partnerships, product innovations, R&D activities, mergers & acquisitions, collaborations, and events. ![]() Prominent players are actively focusing on several key business strategies to strengthen their position in the industry. The global conversational AI market is highly competitive due to the presence of several key participants leading the market. It creates a platform that blends speech-based methods, natural language processing, and machine learning and can be used to build applications for a wide range of industries and use cases. ![]() Additionally, an upsurge in the use of omni-channel strategies is anticipated to fuel the market expansion for conversational AI.Ī technology known as conversational AI uses speech-based assistants to enhance user engagement and interactions on a broad range of platforms and users. ![]() The market continues to grow due to rising demand for chatbot solutions powered by artificial intelligence. The market share is projected to grow significantly over the projection period as a result of a rise in demand for AI-powered customer support services. Dubai, UAE, J(GLOBE NEWSWIRE) - As per the recent report published by Extrapolate, the Global Conversational AI Market size is projected to grow from USD 6.8 billion in 2021 to USD 22.8 billion by 2030, exhibiting a remarkable CAGR of 21.8% during the forecast period. ![]()
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