Global Conversational Ai Market Size & Outlook, 2023-2030
Global conversational ai market, 2017-2030 (US$M)
Related Markets
Global conversational ai market highlights
- The global conversational ai market generated a revenue of USD 9,385.8 million in 2023 and is expected to reach USD 41,393.2 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 23.6% by 2030.
- In terms of segment, solution accounted for a revenue of USD 5,745.5 million in 2023.
- Managed Services is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 9,385.8 million |
| Market revenue in 2030 | USD 41,393.2 million |
| Growth rate | 23.6% (CAGR from 2023 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Managed Services |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution, Managed Services, Professional Services |
Other key industry trends
- In terms of revenue, the North America accounted for 26.0% of the global conversational ai market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Saudi Arabia is the fastest growing regional market and is projected to reach USD 1,287.0 million by 2030.
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Conversational AI Market Scope
Conversational AI Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global conversational ai market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to conversational ai market will help companies and investors design strategic landscapes.
Solution was the largest segment with a revenue share of 61.21% in 2023. Horizon Databook has segmented the Global conversational ai market based on solution, managed services, professional services covering the revenue growth of each sub-segment from 2017 to 2030.
- Global Conversational AI Component Outlook (Revenue, USD Million, 2017-2030)
- Solution
- Managed Services
- Professional Services
- Training & Consulting
- System Integration & Implementation
- Support & Maintenance
- Global Conversational AI Type Outlook (Revenue, USD Million, 2017-2030)
- Chatbots
- Intelligent Virtual Assistant (IVA)
- Global Conversational AI Deployment Outlook (Revenue, USD Million, 2017-2030)
- Cloud
- On-premises
- Global Conversational AI Technology Outlook (Revenue, USD Million, 2017-2030)
- Natural Language Processing (NLP)
- ML & Deep Learning
- Automatic Speech Recognition (ASR)
- Global Conversational AI End Use Outlook (Revenue, USD Million, 2017-2030)
- BFSI
- Healthcare
- IT & Telecom
- Retail & eCommerce
- Education
- Media & Entertainment
- Automotive
- Others (Government, Hospitality, Manufacturing, etc.)
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Horizon Databook provides a detailed overview of global-level data and insights on the Global conversational ai market , including forecasts for subscribers. This global databook contains high-level insights into Global conversational ai market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Global conversational ai market size, by regions, 2017-2030 (US$M)
Top 10 countries: Conversational ai market size, 2023 (US$M)
Global conversational ai market share, by component, 2023 & 2030 (%, US$M)
Conversational ai market: Opportunity assessment by country
Global conversational ai market, by region, 2023 (US$M)
| Component | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 688.3 | 846.6 | 1,043.1 | 1,287.1 | 1,592.3 | 1,971.3 | 2,440.7 | 3,023.2 | 3,749.3 | 4,650.9 | 5,770.5 | 7,164.2 | 8,907.4 | 11,087.4 | 24.1% |
| Europe | 665.7 | 811.9 | 991.7 | 1,213.5 | 1,488.5 | 1,827.2 | 2,243.2 | 2,755.2 | 3,388.1 | 4,167.3 | 5,126.9 | 6,311.4 | 7,780.8 | 9,603.2 | 23.1% |
| Asia Pacific | 638.5 | 792.6 | 985.5 | 1,227.0 | 1,531.2 | 1,912.1 | 2,387.6 | 2,982.3 | 3,729.0 | 4,663.1 | 5,831.7 | 7,296.9 | 9,142.2 | 11,465.9 | 25.1% |
| Latin America | 384.9 | 470.3 | 575.7 | 705.8 | 867.6 | 1,067.2 | 1,312.8 | 1,615.8 | 1,991.0 | 2,454.1 | 3,025.5 | 3,732.4 | 4,611.0 | 5,703.2 | 23.4% |
| MEA | 339.6 | 405.8 | 485.3 | 580.9 | 696.7 | 835.6 | 1,001.5 | 1,200.0 | 1,438.3 | 1,722.7 | 2,061.9 | 2,466.9 | 2,952.4 | 3,533.5 | 19.7% |
| Overall | 2,717.0 | 3,327.2 | 4,081.3 | 5,014.3 | 6,176.2 | 7,613.4 | 9,385.8 | 11,576.4 | 14,295.7 | 17,658.0 | 21,816.5 | 26,971.7 | 33,393.8 | 41,393.2 | 23.6% |
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