North America Conversational computing platform market is expected to gain market growth in the forecast period till 2027. Data Bridge Market Research analyses that the market is growing with a CAGR of 32.6% in the forecast period till 2027 and expected to reach USD 17,871.70 million by 2027. Rising business concern for customer engagement is expected to be the driving factor for this market. Concerning factors that are anticipated to boost the growth of the conversational computing platform market in the forecast period are the augment in the utilization of customer service support by several companies on their mobile application or website, the advancements in the artificial intelligence and machine learning technologies and the increased utilization of virtual digital assistants in smartphones.Furthermore, the decline in time and the price needed to develop conversational computing platforms, the adoption of chat-bots easing customer service operations, and the increased usage of chat-bots on messaging apps are a few of the factors that are anticipated to propel the conversational computing platform market growth in the timeline period.

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How Can a Conversational AI Platform Help Your Business?

Now that you understand more about what conversational AI platforms are and how they work, you may be wondering how you can apply them within your business. And once you understand the benefits, you’ll probably be itching to integrate conversational AI within your company as soon as possible.Conversational AI platforms can completely change the way you interact with your customers, making it easier to reach more people at once and quickly meet their needs. They can help almost any business increase efficiency, personalize the customer experience, boost revenue, and more.

Increase Efficiency

There are endless ways conversational AI platforms can help increase efficiency within your business, but its benefits within customer service are some of the most obvious. For example, rather than hiring more and more customer service agents to handle increased call volumes, you can instead implement a chatbot to take care of repetitive tasks, deliver information to customers, or direct customers toward another department. With all the time you’ll save, you can put your agents to use with more complex tasks that require a human touch.

Personalize the Customer Experience

There’s no shortage of ways you can customize conversational AI platforms to your unique business. All of these platforms are built with a developer API, meaning they can be tailored to the needs of your customers. You can even craft messages based on your customers’ interests, how they’ve behaved in the past, or previous conversations with the bot. Customers will love the personalization, which will create more loyalty and increased satisfaction rates over time.

Boost Revenue

Everything comes down to your bottom line, which is why you’ll be glad to know that conversational platforms can boost revenue, both directly and indirectly. For example, some chatbots are designed to enhance the entire customer journey, increasing conversions and sales as they assist the customer through the buying process. Customers can interact with chatbots from the moment they become aware of your company until they have the product in hand.

Lower Costs

Replacing repetitive tasks by adding a conversational AI platform to your business is a proven method to reduce the overall operational costs of your business. These platforms can save up to 30% of customer support costs for businesses. Conversational AI platforms mainly;

• Free-up agent’s time. This allows agents to tackle more difficult tasks and makes the office run more efficiently.
• Increase response time. Conversational AI uses machine learning to pick up on customer requests and provides a relevant response in seconds.
• Answer routine questions. All of these features contribute to conversational AI answering up to 80% of routine customer inquiries.

Is Conversational AI Right for You?

With a greater understanding of conversational AI platforms, it’s up to you to decide if your business can benefit from this technology. If you’re looking for ways to reach more customers, boost efficiency, and enhance the buyer’s journey, conversational AI is one of the best ways to do so. The popularity of these platforms isn’t going away anytime soon, and you’ll get a leg up on the competition by adopting this technology before it becomes completely commonplace.

Highlight of Table of Content:

§  Chapter 1: Market overview

§  Chapter 2: North America Conversational Computing Platform Market Analysis

§  Chapter 3: Regional analysis of the North America Conversational Computing Platform Market

§  Chapter 4: Market segmentation based on types and applications

§  Chapter 5: Revenue analysis based on types and applications

§  Chapter 6: Market share

§  Chapter 7: Competitive Landscape

§  Chapter 8: Drivers, Restraints, Challenges, and Opportunities

§  Chapter 9: Gross Margin and Price Analysis

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The major players covered in the report are Alphabet Inc., IBM Corporation, Microsoft, Nuance Communications, Inc., Tresm Labs, Apexchat, Artificial Solutions, Conversica, Inc., Haptik, Inc., Rulai, Cognizant, PolyAI Ltd., Avaamo, SAP SE, Cognigy GmbH, Botpress, Inc., 42Chat, Accenture, Amazon.com, Inc., Oracle, Omilia Natural Language Solutions Ltd, among other players domestic and . Conversational computing platform market share data is available for U.S, Canada and Mexico separately.

Profound Questions Answered in this Report:

·        What is the growth rate of various stages in the value chain of the industry?

·        Which region has the highest growth rate and size of the emerging market by value in 2022?

·        Who are the competitive players in North America Conversational Computing Platform Market?

·        Which region has the largest share and degree of competition in the industry?

·        What is the CAGR of the market during the forecast period 2022 to 2029?

·        Which region is expected to hold the highest market share for the market?

·        What is the main driver of the North America Conversational Computing Platform Market?

·        What is sales volume, revenue, and price analysis of top players of the market?

·        What are the market opportunities and threats faced by the vendors in the industry?

·        What has been the impact of COVID-19 on the North America Conversational Computing Platform Market?

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