Conversational AI Market Forecast to Experience 21.3% CAGR till 2030 - Rising Demand for AI-Powered Customer Support and Chatbot Solutions [Yahoo! Finance]
Amazon.com, Inc. (AMZN)
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Source: Yahoo! Finance
Component, Type, Deployment, and Industry" report has been added to ResearchAndMarkets.com's offering. The global conversational AI market is projected to grow from US$ 8.45 billion in 2022 to an anticipated US$ 39.55 billion by 2030. This represents an estimated CAGR of 21.3% over the eight-year period. Enhanced demand for AI-powered customer support and chatbot solutions, coupled with the adoption of omnichannel strategies, primarily drives this growth. Key global economies are channeling efforts into the development and deployment of cutting-edge conversational AI solutions across diverse industries, thereby injecting vigor into the market growth. A surge in the implementation of conversational AI across various sectors including automotive, marketing, e-learning, retail, and e-commerce is anticipated. E-commerce platforms, in particular, are propelling advancements in conversational AI technologies such as voice assistants and chatbots to keep pace with rising demand. Moreov
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