Conversational AI Market Trends, Drivers And Restraints By 2030
Conversational AI Market Growth & Trends The global conversational AI market size is expected to reach USD 41.39 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 23.6% from 2022 to 2030. The market growth is primarily influenced by the rising adoption of advanced AI technologies and consumer interaction via multiple platforms. It indicates that businesses and their customers view technology as a mode to expand their businesses. Conversational AI Market Segmentation Grand View Research has segmented the global conversational AI market based on component, type, deployment, technology, end-user, and region: Based on the Component Insights, the market is segmented into Solutions, Managed Services, Professional Services. The solutions segment held the largest revenue share of over 60.0% in 2021. The leading share is attributed to companies' large-scale implementation of in-house conversational AI technolog...