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ricky_banker

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14/03/21

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Post #: 51753273
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Originally posted by jamesdenis: ↑

Worldwide Conversational AI Industry to 2027 - Strategic Recommendations for New Entrants - ResearchAndMarkets.com

According to this report, the Global Conversational AI market accounted for $3.81 billion in 2019 and is expected to reach $18.37 billion by 2027 growing at a CAGR of 21.7% during the forecast period.Rise in customer engagement through social media platforms, and increasing adoption of AI solutions in customer service applications are the major factors propelling market growth. However, the lack of awareness about conversational AI solutions is hampering market growth.Conversational AI is the utilization of speech-based assistance, messaging apps, chatbots to make the content to be automated. It also personalizes the user experience at a level. Conversational AI accounts for an important place in the personal assistance activities. It can analyze the open interactions when relating it with the scenario or case. Companies are utilizing AI innovation by using a blend of NLU and ML, which empowers the assistants to be trained with industry-explicit information and extraordinary business information for an increased time to market.Based on the component, the services segment is going to have lucrative growth during the forecast period due to the wide adoption of conversational AI solutions across major verticals for offering enhanced customer support, thereby generating demand for professional and managed services across the globe. By geography, Europe is going to have lucrative growth during the forecast period due to the growing demand to reduce enterprise workloads regarding customer engagement and retention is the key factor in adopting conversational AI solutions in Europe.

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@jamesdenis
DC said that Crowd Media sits on the goldmine.
Hope you still sit with us.

CM8 Price at posting: 3.9¢ Sentiment: Buy Disclosure: Held
1 Upvote

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@jamesdenisDC said that Crowd Media sits on the goldmine. Hope...

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

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BCI reaches close of funding facility for salt-first part of Mardie project

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@jamesdenisDC said that Crowd Media sits on the goldmine. Hope...

Top Stories

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Buxton projects new graphite province discovery at WA Narryer play

BCI reaches close of funding facility for salt-first part of Mardie project

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

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