Conversational AI Market expected to expand at a CAGR of 23.6% from 2022 to 2030
Conversational AI Industry Overview The global conversational AI market size was valued at USD 6.18 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 23.6% from 2022 to 2030. The key factors influencing the growth of the market are rising demand, reduced chatbot development costs, AI-powered customer support services, and omnichannel deployment. AI-powered messaging apps and speech-based apps are rapidly uprooting contemporary mobile and web applications and are consequently expected to emerge as a new mode of communication. Conversational artificial intelligence is the utilization of chatbots and other digitalized platforms to serve customers with a platform where they can solve their problems and interact with virtual assistants. This even aids businesses in growing by adopting new techniques to communicate with customers. Gather more insights about the market drivers, restrains and growth of the Global C...