The research and analysis conducted in Middle East And Africa Conversational Computing Platform Report helps clients to predict investment in an emerging market, expansion of market share or success of a new product with the help of global market research analysis. This report has been designed in such a way that it provides very evident understanding of the business environment and Middle East And Africa Conversational Computing Platform industry. Nevertheless, this global market research report unravels many business problems very quickly and easily. Due to high demand and the value of market research for the success of different sectors, Middle East And Africa Conversational Computing Platform Market report is provided that covers many work areas.
Market expectations for likely development openings have been mentioned clearly in this world class Middle East And Africa Conversational Computing Platform Market research report. Competition analysis has been taken into account while preparing this report. A market analysis has turned into a vital piece of every business to settle on smart choices in the organizations which have been viably carried by experienced analysts. This market report provides best solutions for strategy development and implementation depending on client’s needs to extract tangible results. Businesses can bring about an absolute knowhow of general market conditions and tendencies with the information and data covered in this Middle East And Africa Conversational Computing Platform Market report.
Conversational computing platform market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with a CAGR of 28.9% in the forecast period of 2020 to 2027 and expected to reach USD 3,384.72 million by 2027. Gulf countries are focussing on developing alternate business other than oil exports; hence heavily investing artificial intelligence based business.
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Chatbots are user interface of conversational platforms and its related assistants, where conversational platforms enable chatbots to operate and decode the natural language. SMS, social media and other interactive platforms are integrated in these conversational platforms. APIs (application programming interfaces) are provided by conversational platform so as to integrate other interactive platforms.
Increasing implementation and investment of AI platforms by gulf country governments. For instance, according to Accenture survey 50% of executives from UAE are ready to invest in AI based platforms just second to internet of things which is at 58%. Middle East countries are also investing in training locals for operating artificial intelligence based platforms. For instance, U.A.E. is forming partnerships with several companies to give training to 500 locals for artificial intelligence.
This conversational computing platform market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Middle East and Africa Conversational Computing Platform Market Scope and Market Size
Middle East and Africa conversational computing platform market is segmented of the basis of type, technology, deployment type, application, and vertical. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the market is segmented into solution and services. Solution segment is dominating the market while services segment is expected to grow at higher CAGR. Middle East countries utilize the solution in the wide range of sector. Due to which the demand of solution is is increasing in the factor allows service market to grow with highest CAGR in the forecasted period of 2027.
- O the basis of technology, the market is segmented into natural language processing, natural language understanding, machine learning and deep learning, automated speech recognition. Natural language processing segment is dominating the market while machine learning and deep learning are expected to grow with highest CAGR for forecasted year of 2027. Governments are looking for diversification. For instance, according to Accenture UAE and Saudi Arabia are collectively have annual gross value for artificial intelligence of 397000 USD Million by 2035.
- On the basis of deployment type, the market is segmented into cloud and on-premise. Cloud is dominating the market as cloud based platforms can be modified according to storage required, which cannot be done in premise based platforms. For instance, According to Microsoft most of the people in Middle East are using combination of cloud and on-premise based platforms but over the years cloud based platforms will grow at higher rate.
- On the basis of application, the market is segmented into customer support, personal assistance, branding and advertisement, customer engagement and retention, booking travel arrangements, on boarding and employee engagement, data privacy and compliance, others. Personal assistance is dominating the market while branding and advertisement is expected to grow at a highest CAGR for forecasted period. As gulf countries focussing more on tourism in order to find alternate source of income apart from oil business, respective governments are investing in branding and advertisements which will eventually use latest lucrative AI technologies.
- On the basis of vertical, the market is segmented into banking, financial services, and insurance, retail and ecommerce, healthcare and life sciences, telecom, media and entertainment, travel and hospitality, others. Retail & Ecommerce segment is dominating the market while banking, financial services, and insurance is expected to grow at highest CAGR as financial operations from middle east has increased in past decade due to increasing foreign population in the region.
Conversational Computing Platform Market Country Level Analysis
Middle East and Africa conversational computing platform market is analysed and market size information is provided by type, technology, deployment type, application, and vertical as referenced above.
The countries covered in the conversational computing platform market report are Saudi Arabia, U.A.E, Egypt, Israel South Africa, Rest of Middle East and Africa.
Saudi Arabia dominates the Middle East and Africa conversational computing platform market while the U.A.E. is expected to grow with the highest growth rate in the forecast period of 2020 to 2027 because of growing population in the country and heavy investments in computer based technologies. In addition, U.A.E. has planned to invest 500000 USD Million in 26,500 square kilometre vast technology parks which will be named as Megacity.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Middle East and Africa brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
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Strong Spending Capacity of Gulf Region Governments and Business Entities on Conversational Computing Platforms
Middle East and Africa conversational computing platforms market also provides you with detailed market analysis for every country growth in automotive industry with conversational computing platforms sales, components sales, impact of technological development in batteries and changes in regulatory scenarios with their support for the conversational computing platforms market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Conversational Computing Platforms Market Share Analysis
Middle East and Africa conversational computing platform market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Middle East and Africa presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breath, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to Middle East and Africa conversational computing platforms market.
The major players covered in the report are Alphabet Inc. (Google), IBM Corporation, Microsoft, Nuance Communications, Inc., Cognizant, SAP SE, Accenture, Amazon.com, Inc., Oracle, Omilia Natural Language Solutions Ltd, among other players in Middle East and Africa. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
For instance, In June 2019, Artificial Solutions has announced new partnership with Capgemini, which is a multinational IT solution provider company. Through this partnership Capgemini utilizes Artificial Solutions’ conversational AI development platform named as Teneo. This development helps the company to cater large multinationals like Capgemini.
Partnership, joint ventures and other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organisation to improve their offering for conversational computing platforms through expanded model range.
The Middle East And Africa Conversational Computing Platform market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Middle East And Africa Conversational Computing Platform market.
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Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Middle East And Africa Conversational Computing Platform market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Middle East And Africa Conversational Computing Platform market. These factors have benefited the growth of the global market for Middle East And Africa Conversational Computing Platform. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
(**NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.)
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Table of Content:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
- Market outline
PART 05: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 06: MARKET SIZING
- Market definition
- Market sizing 2021
- Market size and forecast
PART 07: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 08: MARKET SEGMENTATION BY PRODUCT
- Global Middle East And Africa Conversational Computing Platform market by product
- Comparison by product
- Market opportunity by product
PART 09: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL
- Global Middle East And Africa Conversational Computing Platform market by distribution channel
- Comparison by distribution channel
- Global Middle East And Africa Conversational Computing Platform market by offline distribution channel
- Global Middle East And Africa Conversational Computing Platform market by online distribution channel
- Market opportunity by distribution channel
PART 10: CUSTOMER LANDSCAPE
PART 11: MARKET SEGMENTATION BY END-USER
- Global Middle East And Africa Conversational Computing Platform market by end-user
- Comparison by end-user
PART 12: REGIONAL LANDSCAPE
- Global licensed Middle East And Africa Conversational Computing Platform market by geography
- Regional comparison
- Licensed Middle East And Africa Conversational Computing Platform market in Americas
- Licensed Middle East And Africa Conversational Computing Platform market in EMEA
- Licensed Middle East And Africa Conversational Computing Platform market in APAC
- Market opportunity
PART 13: DECISION FRAMEWORK
PART 14: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 15: MARKET TRENDS
PART 16: VENDOR LANDSCAPE
- Landscape disruption
- Competitive scenario
PART 17: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
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