What is Artificial Conversational Entity Market?
Artificial Conversational Entity, also known as a Virtual Assistant, is a computer program that conducts a conversation via voice or textual methods designed to simulate an intelligent conversation with one or more human users via auditory or textual methods, primarily for engaging in small talk. It is primarily used to fill chat rooms with spam and advertising or to entice people into revealing personal information, such as bank account numbers.
The market study is being classified by Type (Software and Service), by Application (Website, Mobile Platform, Social Media and Others.) and major geographies with country level break-up.
Artificial Solutions (Sweden), Creative Virtual Pvt. Ltd. (United States), EGain Corporation (United States), IBM Corporation (United States), Inbenta (United States), Next IT Corporation (United States) and Nuance Communications, Inc. (United States) are some of the key players profiled in the study.
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Artificial Conversational Entity market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Artificial Conversational Entity market by Type, Application and Region.
On the basis of geography, the market of Artificial Conversational Entity has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- High Benefits such as Improved Customer Service and Increased Customer Engagement
- Increased Number of Smartphone and Laptop Users
- Increasing Use of Artificial Conversational Entity for Product Promotion
- Increased Penetration of the Internet
- Technological Complexities Associated with Artificial Conversational Entity
- Growing Demand from End-users
- Increased Adoption of Artificial Intelligence
Key Target AudienceArtificial Conversational Entity Providers, Emerging Companies, Research Professionals and End-users
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