How Chatbots and Email Marketing Integration Can Help Your BusinessĢ. ( Markets and Markets) Trending Bot Articles:ġ. Growing investments in AI and ML technologies, presence of maximum number of conversational AI vendors, and increasing government spending on AI-based technologies are expected to contribute to the market growth during the forecast period. North America is expected to be the leading region in terms of adopting and developing conversational AI. North America is expected to hold the largest market size in the global conversational AI software market, while Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period. Two areas of focus for these investments are conversational AI applications (e.g., personal assistants and chatbots) and deep learning and machine learning applications (employed in a wide range of use cases).
Software will be both the largest and fastest growing technology category throughout the forecast, representing around 40% of all cognitive/AI spending with a five-year CAGR of 43.1%. The compound annual growth rate (CAGR) for the 2017–2022 forecast period will be 37.3%.
CHATBOT COMPANIES UPDATE
Conversational AI Market According to a new update to the International Data Corporation (IDC) Worldwide Semiannual Cognitive Artificial Intelligence Systems Spending Guide, spending on cognitive and AI systems will reach $77.6 billion in 2022, more than three times the $24.0 billion forecast for 2018. Which of our predictions did come true? COVID-19 became a catalyst for business transformation: 76% of businesses plan on long-term IT changes.
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