Conversational AI is the utilization of speech-based assistance, messaging apps, chatbots to make the content to be automated. It also personalizes the user experience at a level.
Conversational AI accounts for an important place in the personal assistance activities. It can analyze the open interactions when relating it with the ... Read more
MarketsandMarkets expects the global Conversational AI market size to grow from USD 4.2 billion in 2019 to USD 15.7 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 30.2% during forecast period (2019–2024). The increasing demand for AI powered customer support services, omni-channel deployment, and reduced chatbot development cost are expected to drive the global conversational AI market.
The conversational AI market enables natural language interactions between machines and humans. Conversational AI utilizes techniques such as natural language processing and machine learning to analyze human language and respond to queries in a conversational way. It uses technologies such as text-to-speech and speech-to-text to facilitate dialogue across various messaging platforms and devices including smart speakers, smartphones, and IoT devices. Various industries are adopting ... Read more
