According to a new report Global Conversational Systems Market, published by KBV Research, The Global Conversational Systems Market size is expected to reach $20 billion by 2025, rising at a market growth of 28.6% CAGR during the forecast period.
The Customer Support & Personal Assistance market dominated the Global Conversational Systems Market by Application 2018, growing at a CAGR of 27.8 % during the forecast period. The Branding & Advertisement market is expected to witness a CAGR of 28.1% during (2019-2025). Additionally, The Data Privacy & Compliance market is expected to witness highest CAGR of 30.1% during (2019-2025).
The Compute Platforms market dominated the Global Conversational Systems Market by Component 2018, growing at a CAGR of 27.5 % during the forecast period. The Solutions market is expected to witness a CAGR of 29.3% during (2019-2025). Additionally, The Services market is expected to witness highest CAGR of 33.8% during (2019-2025).
The North America market dominated the Global Retail & Ecommerce Conversational Systems Market by Region 2018, growing at a CAGR of 25.7 % during the forecast period. The Europe market is expected to witness a CAGR of 26.4% during (2019-2025). Additionally, The Asia Pacific market is expected to witness a CAGR of 29.7% during (2019-2025).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Google Inc., Microsoft Corporation, IBM Corporation, Amazon.com, Inc., Oracle Corporation, SAP SE, Nuance Communications, Inc., Inbenta Technologies, Inc., Conversica, Inc., and Baidu, Inc.
Global Conversational Systems Market Segmentation
Customer Support & Personal Assistance
Branding & Advertisement
Data Privacy & Compliance
By End User
Retail & Ecommerce
Media & Entertainment
Healthcare & Life sciences
Travel & Hospitality
Rest of North America
Rest of Europe
Rest of Asia Pacific
Rest of LAMEA
Nuance Communications, Inc.
Inbenta Technologies, Inc.
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AUTOR: KBV Research