Asia-Pacific Conversational computing platform market is expected to gain market growth in the forecast period of 2022 to 2027. Data Bridge Market Research analyses that the market is growing with a CAGR of 34.6% in the forecast period of 2022 to 2027 and expected to reach USD 11,051.60 million by 2027. The conversational computing platform contains different keys solutions such as chat-bots, virtual assistants, through voice commands or texts. The conversational computing platform allows the user to interact via computing for video conferencing, meeting, social connects, etc.  This platform is very important for multi-turn conversations. For instance, incorporating insurance quotes, handling customer queries, answering claims and client queries. This platform is embedded with speech recognition, speech synthesis, neural networks, multi-faceted machine learning, and natural language understanding etc.

Certain platforms are gradually implementing automated software for automated conversational systems. These platforms offer straight and easy conversations between computer and system to deal with concerns queries and problems of clients.



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On the basis of application, conversational computing platform market is segmented into personal assistance, branding and advertisement, data privacy and compliance, customer engagement and retention, customer support, onboarding and employee engagement, booking travel arrangements, others). Personal assistance is dominating the market while branding and advertisement is expected to grow at a highest CAGR for forecasted period. Increasing digital marketing trend is co-relating with the application of conversational computing platforms. Digital marketers would prefer digitally managed solutions for their campaigns rather than hand managed campaigns in order to save time and cost as well as getting more accurate campaigns. Asia-Pacific being the highest growing region for conversational computing platforms, companies are focusing on providing are focussing on providing solutions according to regional languages.

 

Market Segmentation

The Conversational Computing Platform Market is segmented into Type, Deployment Type, Technology, Application, and Vertical.

Type

The market is further segmented into Type as

  • Solution
  • Chat-bot
  • Text Assistant
  • Voice Assistant
  • Service
  • Training and Consulting
  • System Integration and Deployment
  • Support and Maintenance

Deployment Type

The market is further segmented into Deployment Type as

  • On-premise
  • On-demand

Technology

The market is further segmented into Technology as

  • Natural Language Processing
  • Natural Language Understanding
  • Machine Learning and Deep Learning
  • Automated Speech Recognition

Application

The market is further segmented into Application as

  • Customer Support
  • Personal Assistance
  • Branding and Advertisement
  • Customer Engagement and Retention
  • Booking Travel Arrangements
  • On-boarding and Employee Engagement
  • Data Privacy and Compliance
  • Others

Vertical

The market is further segmented into Vertical as

  • Retail and E-commerce
  • Banking, Financial Services and Ins
  • Telecom
  • Entertainment and Media
  • Travel and Hospitality
  • Others




Highlight of Table of Content:

§  Chapter 1: Market overview

§  Chapter 2: Conversational Computing Platform Market Analysis

§  Chapter 3: Regional analysis of the 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 Asia-Pacific Conversational computing platform market share data is available for China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia Pacific separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor 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 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 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 Conversational Computing Platform Market?

 

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