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Conversational Systems Market Size & Share, by Type (Voice Assisted, Text Assisted); Deployment (On-Premise, Cloud); Organization (Large Enterprises, SMEs); End-user (IT & Telecommunication, BFSI, Government, Retail, Energy, Power) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 4181
  • Published Date: Feb 22, 2023
  • Report Format: PDF, PPT

Companies Dominating the Global Conversational Systems Landscape

top-features-companies
    • Google LLC
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • International Business Machines Corporation (IBM Corp.)
    • Microsoft Corporation
    • Amazon Web Services, Inc.
    • Artificial Solutions International AB
    • Oracle Corporation
    • SAP SE
    • Nuance Communication, Inc.
    • Baidu, Inc.
    • Conversica, Inc. 
Browse Key Market Insights with Data Illustration:

In the News

  •  International Business Machines Corporation (IBM Corp.) joined forces with MBZUAI to advance AI research with the New Center of Excellence focusing on NLP, AI applications in the healthcare industry, and sustainability.

  • Google LLC CEO Sundar Pichai has announced the new advancements of Google in enhancing knowledge and computing that include the addition of 24 Google translation languages, auto summarization in chats, visual improvements, auto-translation of YouTube content, and a publicly available machine learning hub for Google cloud customers.

 


Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 4181
  • Published Date: Feb 22, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increase adoption of NLP (natural language processing) and the increase in dialog exchanging tools are the major factors driving the market growth.

The market is anticipated to attain a CAGR of ~30% over the forecast period, i.e., 2023-2035.

Lack of awareness of technology, high dependency on deployment platforms, and lack of accuracy in virtual assistants like chatbots are estimated to be the growth hindering factors for the market expansion.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are Google LLC, International Business Machines Corporation (IBM Corp.), Microsoft Corporation, Amazon Web Services, Inc., Artificial Solutions International AB, Oracle Corporation, SAP SE, Nuance Communication, Inc., and others.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by type, deployment, enterprise size, verticals, and by region.

The voice assisted segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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