Latin America Conversational Ai Market Size & Outlook
Latin America conversational ai market, 2017-2030 (US$M)
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Latin America conversational ai market highlights
- The Latin America conversational ai market generated a revenue of USD 1,312.8 million in 2023.
- The market is expected to grow at a CAGR of 23.3% from 2024 to 2030.
- In terms of segment, solution was the largest revenue generating component in 2023.
- Managed Services is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 1,312.8 million |
| Market revenue in 2030 | USD 5,703.2 million |
| Growth rate | 23.3% (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 |
| Key market players worldwide | Alphabet Inc Class A, Microsoft Corp, Amazon.com Inc, International Business Machines Corp, Oracle Corp, Fidelity National Information Services Inc, SAP SE, Artificial Intelligence Technology Solutions Inc, Zoom Video Communications Inc, Rasa, Nuance Communications, Kore.ai, Avaamo, Conversica, Haptik, Pypestream, Kasisto, Cognigy GmbH |
Other key industry trends
- In terms of revenue, Latin America region accounted for 14.0% of the global conversational ai market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 11,465.9 million by 2030.
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Conversational AI Market Scope
Conversational AI Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 61.75% in 2023. Horizon Databook has segmented the Latin America conversational ai market based on solution, managed services, professional services covering the revenue growth of each sub-segment from 2017 to 2030.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America conversational ai market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America conversational ai market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America conversational ai market size, by country, 2017-2030 (US$M)
Latin America Conversational AI Market Outlook Share, 2023 & 2030 (US$M)
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