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Conversational Artificial Intelligence (AI) Market 2027 | Emerging Technological Trends, Future Growth and Business Opportunities

The global conversational Artificial Intelligence (AI) market size reached USD 4.91 Billion in 2020 and is expected to register a CAGR of 22.6%, during the forecast period, according to latest analysis by Emergen Research. Rising demand for Artificial Intelligence-driven customer support services is expected to drive global conversational AI market revenue growth over the forecast period. Increasing implementation of conversational AI chatbots in the automotive industry is expected to augment global conversational AI market growth going ahead. One of the most prominent trendsin the market is increasing application of chatbots to retain employees. AI-powered chatbots assist businesses in delivering useful details about an employee's level of engagement that can result in a lower churn rate, which is expected to boost the market growth going ahead.

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Conversational AI Market Size, Trend | Conversational Artificial Intelligence Industry Growth
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Conversational AI Market Size, Trend | Conversational Artificial Intelligence Industry Growth

The conversational Artificial Intelligence market size reached USD 4.91 Billion in 2020 and is expected to be worth USD 25.04 Billion by 2028 and register a CAGR of 22.6%. Conversational AI industry report classifies global market by share, trend, a