Market HighlightsConversational artificial intelligence (AI) is revolutionizing the way enterprises interact with customers.

Intelligent virtual assistants and chatbots help organizations to resolve repetitive customer queries and proactively offer suggestions to make real-time decisions.

With advances in artificial intelligence, machine learning, deep learning, natural language processing, and speech and image recognition technologies, machines are capable of addressing customer queries and providing online solutions.Chatbots are rapidly being implemented for business-to-business and internal applications in enterprises.

For instance, in India, HDFC bank has partnered with Niki, an artificial intelligence company based in Bengaluru, to introduce conversational banking with the help of chatbots to facilitate banking transactions from the chat window.

In April, 2019, Nuance Communications Inc., and Morris Garages (MG) Car Company Ltd announced a partnership to implement Naunce’s conversational AI-powered mobility assistant in their cars, with MG Hector being India’s first internet-enabled car with voice-enabled features.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/7913Segmentation:By component, the market has been segmented on the basis of platform and service.By service, the market has been segmented into ssystem integration and deployment, support and maintenance, training, and consulting.By type, the market has been segmented into intelligent virtual assistants and chatbots.By technology, the market has been segmented into machine learning and deep learning, natural language processing, and automated speech recognition.By deployment, the market has been segmented into cloud and on-premise.By organization size, the market has been segmented into large enterprises and SMEs.Key Players:Google LLCMicrosoft CorporationIBM CorporationOracle CorporationAmazon Web ServicesNuance CommunicationsBaidu Inc.SAP SEFacebook Inc.Artificial SolutionsAvaamo Technologies Pvt Ltd.Conversica Inc.HaptikSolvvyPypestreamCreative Virtual Ltd.Regional Analysis:The global market for conversational artificial intelligence (AI) is estimated to grow at a significant rate during the forecast period from 2019 to 2024.

The geographical analysis of conversational artificial intelligence (AI) market is covered for the regions namely North America (the US, Canada, Mexico), Europe (the UK, Germany, France, Spain, Italy, the rest of Europe), Asia-Pacific (China, Japan, India, Singapore, Australia, the rest of Asia-Pacific) and the rest of the world (the Middle East and Africa and South America).North America holds the largest market share owing to the increasing adoption of conversational artificial intelligence (AI) solutions by enterprises in verticals such as banking, financial services and insurance, retail & e-commerce, IT & telecom, automotive, healthcare, and media & entertainment.