Conversational Systems Market by Type and Geography - Forecast and Analysis 2020-2024
- Published: May 2020
- Pages: 120
- SKU: IRTNTR40129
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Conversational Systems Market: Segmentation by Geographic Landscape
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North America was the largest conversational systems market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. Factors will significantly drive conversational systems market growth in this region over the forecast period.
41% of the market's growth will originate from North America during the forecast period. Blank are the key markets for conversational systems market in North America . Market growth in this region will be faster/slower than the growth of the market in regions.
The conversational systems market size has the potential to grow by USD 12.06 bn during 2020-2024, and the market's growth momentum will accelerate during the forecast period.
This report provides a detailed analysis of the market by type (text and voice), sector (commercial and non-commercial), license model (RM and RF), distribution channel (Offline and Online), and geographic landscape (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market's competitive landscape and offers information on several market vendors, including Alphabet Inc., Amazon.com Inc., Baidu Inc., Conversica Inc., Haptik Inc., International Business Machines Corp., Microsoft Corp., Nuance Communications Inc., Oracle Corp., and SAP SE..
Market Overview
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Market Competitive Analysis
The market is fragmented. Alphabet Inc., Amazon.com Inc., and Baidu Inc. are some of the major market participants. Although the growing demand for vernacular chatbots will offer immense growth opportunities, the will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this conversational systems market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market's competitive landscape and offers information on the products offered by various companies. Moreover, this conversational systems market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading companies, including:
- Alphabet Inc.
- Amazon.com Inc.
- Baidu Inc.
- Conversica Inc.
- Haptik Inc.
- International Business Machines Corp.
- Microsoft Corp.
- Nuance Communications Inc.
- Oracle Corp.
- SAP SE.
Conversational Systems Market: Segmentation by Type
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Market growth in this segment will be slower/faster than the growth of the market in the segment's segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the conversational systems market size.
Conversational Systems Market: Segmentation by Sector
Conversational Systems Market: Segmentation by license model
Conversational Systems Market: Segmentation by Distribution Channel
Request for a FREE sample and Get more information on the market contribution of various segments
Market growth in this segment will be slower/faster than the growth of the market in the segment's segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the Conversational Systems Market size.
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Conversational AI market share is expected to increase by USD 1.14 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 21.6%.
Conversational Systems Market: Key Drivers and Trends
Conversational Systems Market: Key Highlights of the Report for 2020-2024
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will drive conversational systems market growth during the next five years
- Precise estimation of the conversational systems market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the conversational systems market industry across APAC, Europe, MEA, North America, and South America
- A thorough analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of conversational systems market vendors
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Preface
- 2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Value chain analysis
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2019
- Market outlook
- Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY TYPE
- Market segmentation by type
- Comparison by type
- Text - Market size and forecast 2019-2024
- Voice - Market size and forecast 2019-2024
- Market opportunity by type
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Rise in customer engagement through social media platforms
- Increasing adoption of smartphones
- Growing demand for vernacular chatbots
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Alphabet Inc.
- Amazon.com Inc.
- Baidu Inc.
- Conversica Inc.
- Haptik Inc.
- International Business Machines Corp.
- Microsoft Corp.
- Nuance Communications Inc.
- Oracle Corp.
- SAP SE
PART 14: APPENDIX
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
PART 15: EXPLORE TECHNAVIO
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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