The global conversational AI market was valued at US$700-750 million at the end of 2020, exhibiting a strong growth rate of 28-33% in 2019-20. Conversational AI is one of the key enablers of front-office automation. Businesses globally are realizing the importance of conversational AI solutions to serve customers across channels, meet enterprise expectations, especially during peak demand, and support internal processes such as HR support, IT helpdesk, sales, F&A, and marketing.
Increasing sophistication of technology, along with successful pilots, are driving the popularity of these solutions. As the impact of conversational AI platforms increases, it becomes crucial for enterprises to select solutions that do not only meet their present objectives, but also accommodate future demands.
All industries and geographies
In this report, we study:
Customer Experience Management (CXM) Services, including Contact Center Outsourcing