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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Our clientele includes a mix of conversational ai market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, 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)
Related regional statistics
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