Market Research Future (MRFR) confirms that the conversational computing platform market 2020 can expand at a significant rate from 2019 to 2025, which is the appraisal period. We will provide covid-19 impact analysis with the report, offering an extensive market evaluation post the coronavirus disease outbreak.

COVID-19 Analysis

With the surge in COVID-19 impact despite lockdowns along with social distancing measures, academia, governments, along with tech giants are developing solutions that can help reduce the pandemic aftereffects. While the world is facing economic crisis, the demand for next gen technologies such as conversational computing platforms has risen considerably as a response to the SARS-CoV-2.

Segmentation:

By Type, the global [FURL=https://www.marketresearchfuture.com/reports/conversational-computing-platform-market-9554/]conversational computing platform market size[/FURL] has been divided into solution and service. The solution segment has further been divided into chatbots, text assistants, and voice assistants. The voice assistant sub-segment is further divided into natural language processing, natural language understanding, machine learning, and deep learning. The service segment is divided into consulting & training, system integration & deployment, and support & maintenance. Chatbots play an important role in reducing the time consumed in performing business operations, they provide accuracy and precision in their functions. This segment is expected to grow at a fast pace during the forecast period.

By Deployment Type, the global conversational computing platform market has been divided into cloud and on-premise. Since there is a rise in the adoption of cloud technology due to its limitless storage capacity, and easier access as well as a secure operating environment, the cloud segment is expected to grow and dominate the market in the forecast period.

Regional Analysis

The key regions across which the market is projected to expand during the assessment period include Europe, North America, the Middle East & Africa/MEA, South America and Asia Pacific/APAC.

North America has been the biggest gainer in the global market, standing on the shoulders of highly celebrated players like IBM Corporation, Microsoft Corporation, Nuance Communications, Inc., Apexchat, Amazon.com, Inc., Conversica, Inc., Cognizant, Oracle, Alphabet Inc., to name a few. In addition to these players, a number of start-ups with expertise in advanced conversational computing platform solutions are expanding their presence in the region. The United States (US) ranks first in the region, thanks to the high uptake of digitization; and the widespread deployment of the latest technologies such as analytics and big data as well as the rising adoption of cloud-based solutions.

Also Read: [FURL]http://www.marketwatch.com/story/conversational-computing-platform-market-growth-trends-challenges-competitive-landscape-and-business-opportunities-covid-19-analysis-of-conversation-computing-platform-market-2020-05-12 /[/FURL]