The global conversational computing platform market attained a value of about USD 4.5 billion in 2019. The market is further expected to grow in the forecast period of 2020-2025 at a CAGR of 31% to reach a value of around USD 22.7 billion by 2025. The industry is primarily being driven by the rapid shift of consumers to conversation-based machines.
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Properties and Applications
Conversational computing involves users communicating with computer programs using voice commands. The chatbot is one of the most common types of conversational computing. In terms of technical support, shopping, and booking travel arrangements, chatbots are increasingly common in customer service. Amazon’s Alexa, Microsoft’s Cortana, and Apple’s Siri are a few examples of automated assistants responding to voice commands on mobile devices.
The vehicle types can be segmented into the following:
The EMR report looks into the regional markets of conversational computing platforms like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
The increasing use of chatbots on various messaging applications, as well as the increasing use of voice-based assistants, are driving the industry growth. The industry is also expected to be supported by the growing automated customer service or chatbots provided by multiple companies on their mobile and web platforms.
The report presents a detailed analysis of the following key players in the global conversational computing platform market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Questions Answered in the Report:
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.5 Market Models
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Conversational Computing Platform Market Analysis
6.1 Global Conversational Computing Platform Market (2015-2019) & Forecast (2020-2025)
6.2 Global Conversational Computing Platform Market Breakup by Vehicle Type
6.2.1 Virtual Digital Assistants
6.3 Global Conversational Computing Platform Market Breakup by Vehicle Type: Historical Market (2015-2019) & Forecast (2020-2025)
6.3.1 Virtual Digital Assistants
6.4 Global Conversational Computing Platform Market Breakup by Region
6.4.1 North America
220.127.116.11 United States of America
18.104.22.168 United Kingdom
6.4.3 Asia Pacific
6.4.4 Latin America
6.4.5 Middle East & Africa
22.214.171.124 Saudi Arabia
126.96.36.199 United Arab Emirates
188.8.131.52 South Africa
6.5 Global Conversational Computing Platform Market Breakup by Region: Historical Market (2015-2019) & Forecast (2020-2025)
6.5.1 North America
184.108.40.206 United States of America
220.127.116.11 United Kingdom
6.5.3 Asia Pacific
6.5.4 Latin America
6.5.5 Middle East & Africa
18.104.22.168 Saudi Arabia
22.214.171.124 United Arab Emirates
126.96.36.199 South Africa
7 SWOT Analysis
8 Porter’s Five Forces Analysis
8.2 Buyer’s Power
8.3 Supplier’s Power
8.4 New Entrants
8.5 Degree of Rivalry
9 Competitive Landscape & Supplier Analysis
9.1 Amazon Web Services, Inc.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.2 Google LLC
9.2.1 Company Overview
9.2.2 Financial Analysis
9.3 IBM Corp.
9.3.1 Company Overview
9.3.2 Financial Analysis
9.4 Microsoft Corp.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.5 Nuance Communications Inc.
9.5.1 Company Overview
9.5.2 Financial Analysis
10 Events and Development
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