Artificial Conversational Entity Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
The Artificial Conversational Entity (ACE) is a technology that can lead a conversation with people through textual methods. One of the significant determinants behind the growth of the artificial conversational entity market is the proliferation of Messaging apps in tandem with conversational and automation technology. One of the most well-known examples of the artificial conversational agent in mobile technology is Siri, a virtual assistant who improves user experience by providing various services and functions on mobile phones through user-controlled voice-based questions.
MARKET DYNAMICS
Due to the massive adoption of artificial conversational entity technology in various applications, such as e-commerce, gaming, customer service, and others, North America is expected to hold a dominant position on the global artificial conversational entity market. Mexican banks are on the road to adopt an artificial conversational entity to automate their operation, enhance customer experience, and avoid risky transactions, thereby accelerating the region's market growth. Rapidly changing market dynamics coupled with the continuous demand for customer service and cost-efficiency, and the increased adoption of the artificial conversational agent in the transport and healthcare sector is driving progress in the marketplace. WestJet, for example, launched an artificial conversational agent in August 2021 to help client's book flights, monitor ticket status, and other questions. Similarly, in 2021, Wimbledon, the world-famous tennis tournament, launched an IBM Watson-developed AI-powered chatbot named Fred to direct on-the-grounded spectators and also help them know the game better through its interactive presentation of the on-going match innovations.
MARKET SCOPE
The "Global Artificial Conversational Entity Market Analysis to 2031" is a specialized and in-depth study of the technology, media and telecommunications industry with a special focus on the global market trend analysis. The artificial conversational entity market report aims to provide an overview of the artificial conversational entity market with detailed market segmentation by type, enterprise size, application, industry vertical, and geography. The global artificial conversational entity market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading artificial conversational entity market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global artificial conversational entity market is segmented on the basis of type, enterprise size, application, and industry vertical. Based on type, the artificial conversational entity market is segmented into: Software and Service. On the basis of enterprise size, the market is segmented into: Small and Medium Enterprise, and Large Enterprise. On the basis of application, the market is segmented into: Website, Mobile Platform, Social Media, and Others. Based on industry vertical, the market is segmented into: Retail, BFSI, Healthcare, Media and Entertainment, and Others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global artificial conversational entity market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The artificial conversational entity market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the artificial conversational entity market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the Artificial Conversational Entity in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global artificial conversational entity market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The artificial conversational entity market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the artificial conversational entity market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the Artificial Conversational Entity in these regions.
MARKET PLAYERS
The reports cover key developments in the artificial conversational entity market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from artificial conversational entity market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the artificial conversational entity market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the artificial conversational entity market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- AIVO
- Anboto
- Artificial Solutions
- Creative Virtual Ltd.
- CX Company
- eGain Corporation
- IBM Corporation
- Inbenta Technologies Inc.
- Next IT Corp
- Nuance Communications, Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Artificial Conversational Entity Market - By Type
1.3.2 Artificial Conversational Entity Market - By Enterprise Size
1.3.3 Artificial Conversational Entity Market - By Application
1.3.4 Artificial Conversational Entity Market - By Industry Verticals
1.3.5 Artificial Conversational Entity Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ARTIFICIAL CONVERSATIONAL ENTITY MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. ARTIFICIAL CONVERSATIONAL ENTITY MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. ARTIFICIAL CONVERSATIONAL ENTITY MARKET - GLOBAL MARKET ANALYSIS
6.1. ARTIFICIAL CONVERSATIONAL ENTITY - GLOBAL MARKET OVERVIEW
6.2. ARTIFICIAL CONVERSATIONAL ENTITY - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ARTIFICIAL CONVERSATIONAL ENTITY MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. SOFTWARE
7.3.1. Overview
7.3.2. Software Market Forecast and Analysis
7.4. SERVICE
7.4.1. Overview
7.4.2. Service Market Forecast and Analysis
8. ARTIFICIAL CONVERSATIONAL ENTITY MARKET - REVENUE AND FORECASTS TO 2028 - ENTERPRISE SIZE
8.1. OVERVIEW
8.2. ENTERPRISE SIZE MARKET FORECASTS AND ANALYSIS
8.3. SMALL AND MEDIUM ENTERPRISE
8.3.1. Overview
8.3.2. Small and Medium Enterprise Market Forecast and Analysis
8.4. LARGE ENTERPRISE
8.4.1. Overview
8.4.2. Large Enterprise Market Forecast and Analysis
9. ARTIFICIAL CONVERSATIONAL ENTITY MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. WEBSITE
9.3.1. Overview
9.3.2. Website Market Forecast and Analysis
9.4. MOBILE PLATFORM
9.4.1. Overview
9.4.2. Mobile Platform Market Forecast and Analysis
9.5. SOCIAL MEDIA
9.5.1. Overview
9.5.2. Social Media Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis
10. ARTIFICIAL CONVERSATIONAL ENTITY MARKET - REVENUE AND FORECASTS TO 2028 - INDUSTRY VERTICALS
10.1. OVERVIEW
10.2. INDUSTRY VERTICALS MARKET FORECASTS AND ANALYSIS
10.3. RETAIL
10.3.1. Overview
10.3.2. Retail Market Forecast and Analysis
10.4. BFSI
10.4.1. Overview
10.4.2. BFSI Market Forecast and Analysis
10.5. HEALTHCARE
10.5.1. Overview
10.5.2. Healthcare Market Forecast and Analysis
10.6. MEDIA AND ENTERTAINMENT
10.6.1. Overview
10.6.2. Media and Entertainment Market Forecast and Analysis
10.7. OTHERS
10.7.1. Overview
10.7.2. Others Market Forecast and Analysis
11. ARTIFICIAL CONVERSATIONAL ENTITY MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Artificial Conversational Entity Market Overview
11.1.2 North America Artificial Conversational Entity Market Forecasts and Analysis
11.1.3 North America Artificial Conversational Entity Market Forecasts and Analysis - By Type
11.1.4 North America Artificial Conversational Entity Market Forecasts and Analysis - By Enterprise Size
11.1.5 North America Artificial Conversational Entity Market Forecasts and Analysis - By Application
11.1.6 North America Artificial Conversational Entity Market Forecasts and Analysis - By Industry Verticals
11.1.7 North America Artificial Conversational Entity Market Forecasts and Analysis - By Countries
11.1.7.1 United States Artificial Conversational Entity Market
11.1.7.1.1 United States Artificial Conversational Entity Market by Type
11.1.7.1.2 United States Artificial Conversational Entity Market by Enterprise Size
11.1.7.1.3 United States Artificial Conversational Entity Market by Application
11.1.7.1.4 United States Artificial Conversational Entity Market by Industry Verticals
11.1.7.2 Canada Artificial Conversational Entity Market
11.1.7.2.1 Canada Artificial Conversational Entity Market by Type
11.1.7.2.2 Canada Artificial Conversational Entity Market by Enterprise Size
11.1.7.2.3 Canada Artificial Conversational Entity Market by Application
11.1.7.2.4 Canada Artificial Conversational Entity Market by Industry Verticals
11.1.7.3 Mexico Artificial Conversational Entity Market
11.1.7.3.1 Mexico Artificial Conversational Entity Market by Type
11.1.7.3.2 Mexico Artificial Conversational Entity Market by Enterprise Size
11.1.7.3.3 Mexico Artificial Conversational Entity Market by Application
11.1.7.3.4 Mexico Artificial Conversational Entity Market by Industry Verticals
11.2. EUROPE
11.2.1 Europe Artificial Conversational Entity Market Overview
11.2.2 Europe Artificial Conversational Entity Market Forecasts and Analysis
11.2.3 Europe Artificial Conversational Entity Market Forecasts and Analysis - By Type
11.2.4 Europe Artificial Conversational Entity Market Forecasts and Analysis - By Enterprise Size
11.2.5 Europe Artificial Conversational Entity Market Forecasts and Analysis - By Application
11.2.6 Europe Artificial Conversational Entity Market Forecasts and Analysis - By Industry Verticals
11.2.7 Europe Artificial Conversational Entity Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Artificial Conversational Entity Market
11.2.7.1.1 Germany Artificial Conversational Entity Market by Type
11.2.7.1.2 Germany Artificial Conversational Entity Market by Enterprise Size
11.2.7.1.3 Germany Artificial Conversational Entity Market by Application
11.2.7.1.4 Germany Artificial Conversational Entity Market by Industry Verticals
11.2.7.2 France Artificial Conversational Entity Market
11.2.7.2.1 France Artificial Conversational Entity Market by Type
11.2.7.2.2 France Artificial Conversational Entity Market by Enterprise Size
11.2.7.2.3 France Artificial Conversational Entity Market by Application
11.2.7.2.4 France Artificial Conversational Entity Market by Industry Verticals
11.2.7.3 Italy Artificial Conversational Entity Market
11.2.7.3.1 Italy Artificial Conversational Entity Market by Type
11.2.7.3.2 Italy Artificial Conversational Entity Market by Enterprise Size
11.2.7.3.3 Italy Artificial Conversational Entity Market by Application
11.2.7.3.4 Italy Artificial Conversational Entity Market by Industry Verticals
11.2.7.4 United Kingdom Artificial Conversational Entity Market
11.2.7.4.1 United Kingdom Artificial Conversational Entity Market by Type
11.2.7.4.2 United Kingdom Artificial Conversational Entity Market by Enterprise Size
11.2.7.4.3 United Kingdom Artificial Conversational Entity Market by Application
11.2.7.4.4 United Kingdom Artificial Conversational Entity Market by Industry Verticals
11.2.7.5 Russia Artificial Conversational Entity Market
11.2.7.5.1 Russia Artificial Conversational Entity Market by Type
11.2.7.5.2 Russia Artificial Conversational Entity Market by Enterprise Size
11.2.7.5.3 Russia Artificial Conversational Entity Market by Application
11.2.7.5.4 Russia Artificial Conversational Entity Market by Industry Verticals
11.2.7.6 Rest of Europe Artificial Conversational Entity Market
11.2.7.6.1 Rest of Europe Artificial Conversational Entity Market by Type
11.2.7.6.2 Rest of Europe Artificial Conversational Entity Market by Enterprise Size
11.2.7.6.3 Rest of Europe Artificial Conversational Entity Market by Application
11.2.7.6.4 Rest of Europe Artificial Conversational Entity Market by Industry Verticals
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Artificial Conversational Entity Market Overview
11.3.2 Asia-Pacific Artificial Conversational Entity Market Forecasts and Analysis
11.3.3 Asia-Pacific Artificial Conversational Entity Market Forecasts and Analysis - By Type
11.3.4 Asia-Pacific Artificial Conversational Entity Market Forecasts and Analysis - By Enterprise Size
11.3.5 Asia-Pacific Artificial Conversational Entity Market Forecasts and Analysis - By Application
11.3.6 Asia-Pacific Artificial Conversational Entity Market Forecasts and Analysis - By Industry Verticals
11.3.7 Asia-Pacific Artificial Conversational Entity Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Artificial Conversational Entity Market
11.3.7.1.1 Australia Artificial Conversational Entity Market by Type
11.3.7.1.2 Australia Artificial Conversational Entity Market by Enterprise Size
11.3.7.1.3 Australia Artificial Conversational Entity Market by Application
11.3.7.1.4 Australia Artificial Conversational Entity Market by Industry Verticals
11.3.7.2 China Artificial Conversational Entity Market
11.3.7.2.1 China Artificial Conversational Entity Market by Type
11.3.7.2.2 China Artificial Conversational Entity Market by Enterprise Size
11.3.7.2.3 China Artificial Conversational Entity Market by Application
11.3.7.2.4 China Artificial Conversational Entity Market by Industry Verticals
11.3.7.3 India Artificial Conversational Entity Market
11.3.7.3.1 India Artificial Conversational Entity Market by Type
11.3.7.3.2 India Artificial Conversational Entity Market by Enterprise Size
11.3.7.3.3 India Artificial Conversational Entity Market by Application
11.3.7.3.4 India Artificial Conversational Entity Market by Industry Verticals
11.3.7.4 Japan Artificial Conversational Entity Market
11.3.7.4.1 Japan Artificial Conversational Entity Market by Type
11.3.7.4.2 Japan Artificial Conversational Entity Market by Enterprise Size
11.3.7.4.3 Japan Artificial Conversational Entity Market by Application
11.3.7.4.4 Japan Artificial Conversational Entity Market by Industry Verticals
11.3.7.5 South Korea Artificial Conversational Entity Market
11.3.7.5.1 South Korea Artificial Conversational Entity Market by Type
11.3.7.5.2 South Korea Artificial Conversational Entity Market by Enterprise Size
11.3.7.5.3 South Korea Artificial Conversational Entity Market by Application
11.3.7.5.4 South Korea Artificial Conversational Entity Market by Industry Verticals
11.3.7.6 Rest of Asia-Pacific Artificial Conversational Entity Market
11.3.7.6.1 Rest of Asia-Pacific Artificial Conversational Entity Market by Type
11.3.7.6.2 Rest of Asia-Pacific Artificial Conversational Entity Market by Enterprise Size
11.3.7.6.3 Rest of Asia-Pacific Artificial Conversational Entity Market by Application
11.3.7.6.4 Rest of Asia-Pacific Artificial Conversational Entity Market by Industry Verticals
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Artificial Conversational Entity Market Overview
11.4.2 Middle East and Africa Artificial Conversational Entity Market Forecasts and Analysis
11.4.3 Middle East and Africa Artificial Conversational Entity Market Forecasts and Analysis - By Type
11.4.4 Middle East and Africa Artificial Conversational Entity Market Forecasts and Analysis - By Enterprise Size
11.4.5 Middle East and Africa Artificial Conversational Entity Market Forecasts and Analysis - By Application
11.4.6 Middle East and Africa Artificial Conversational Entity Market Forecasts and Analysis - By Industry Verticals
11.4.7 Middle East and Africa Artificial Conversational Entity Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Artificial Conversational Entity Market
11.4.7.1.1 South Africa Artificial Conversational Entity Market by Type
11.4.7.1.2 South Africa Artificial Conversational Entity Market by Enterprise Size
11.4.7.1.3 South Africa Artificial Conversational Entity Market by Application
11.4.7.1.4 South Africa Artificial Conversational Entity Market by Industry Verticals
11.4.7.2 Saudi Arabia Artificial Conversational Entity Market
11.4.7.2.1 Saudi Arabia Artificial Conversational Entity Market by Type
11.4.7.2.2 Saudi Arabia Artificial Conversational Entity Market by Enterprise Size
11.4.7.2.3 Saudi Arabia Artificial Conversational Entity Market by Application
11.4.7.2.4 Saudi Arabia Artificial Conversational Entity Market by Industry Verticals
11.4.7.3 U.A.E Artificial Conversational Entity Market
11.4.7.3.1 U.A.E Artificial Conversational Entity Market by Type
11.4.7.3.2 U.A.E Artificial Conversational Entity Market by Enterprise Size
11.4.7.3.3 U.A.E Artificial Conversational Entity Market by Application
11.4.7.3.4 U.A.E Artificial Conversational Entity Market by Industry Verticals
11.4.7.4 Rest of Middle East and Africa Artificial Conversational Entity Market
11.4.7.4.1 Rest of Middle East and Africa Artificial Conversational Entity Market by Type
11.4.7.4.2 Rest of Middle East and Africa Artificial Conversational Entity Market by Enterprise Size
11.4.7.4.3 Rest of Middle East and Africa Artificial Conversational Entity Market by Application
11.4.7.4.4 Rest of Middle East and Africa Artificial Conversational Entity Market by Industry Verticals
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Artificial Conversational Entity Market Overview
11.5.2 South and Central America Artificial Conversational Entity Market Forecasts and Analysis
11.5.3 South and Central America Artificial Conversational Entity Market Forecasts and Analysis - By Type
11.5.4 South and Central America Artificial Conversational Entity Market Forecasts and Analysis - By Enterprise Size
11.5.5 South and Central America Artificial Conversational Entity Market Forecasts and Analysis - By Application
11.5.6 South and Central America Artificial Conversational Entity Market Forecasts and Analysis - By Industry Verticals
11.5.7 South and Central America Artificial Conversational Entity Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Artificial Conversational Entity Market
11.5.7.1.1 Brazil Artificial Conversational Entity Market by Type
11.5.7.1.2 Brazil Artificial Conversational Entity Market by Enterprise Size
11.5.7.1.3 Brazil Artificial Conversational Entity Market by Application
11.5.7.1.4 Brazil Artificial Conversational Entity Market by Industry Verticals
11.5.7.2 Argentina Artificial Conversational Entity Market
11.5.7.2.1 Argentina Artificial Conversational Entity Market by Type
11.5.7.2.2 Argentina Artificial Conversational Entity Market by Enterprise Size
11.5.7.2.3 Argentina Artificial Conversational Entity Market by Application
11.5.7.2.4 Argentina Artificial Conversational Entity Market by Industry Verticals
11.5.7.3 Rest of South and Central America Artificial Conversational Entity Market
11.5.7.3.1 Rest of South and Central America Artificial Conversational Entity Market by Type
11.5.7.3.2 Rest of South and Central America Artificial Conversational Entity Market by Enterprise Size
11.5.7.3.3 Rest of South and Central America Artificial Conversational Entity Market by Application
11.5.7.3.4 Rest of South and Central America Artificial Conversational Entity Market by Industry Verticals
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. ARTIFICIAL CONVERSATIONAL ENTITY MARKET, KEY COMPANY PROFILES
13.1. AIVO
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. ANBOTO
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. ARTIFICIAL SOLUTIONS
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. CREATIVE VIRTUAL LTD.
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. CX COMPANY
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. EGAIN CORPORATION
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. IBM CORPORATION
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. INBENTA TECHNOLOGIES INC.
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. NEXT IT CORP
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. NUANCE COMMUNICATIONS, INC.
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1.AIVO
2.Anboto
3.Artificial Solutions
4.Creative Virtual Ltd.
5.CX Company
6.eGain Corporation
7.IBM Corporation
8.Inbenta Technologies Inc.
9.Next IT Corp
10.Nuance Communications, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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