M2M Communication Market Global Trends and Forecast To 2022

 M2M Communication Market, by Technology (Wired, Wireless), by Component (Wi-Fi, Sensors, RFID, Computer Software), by Application (Consumer electronics, Healthcare, Retail, Automotive, Utilities, and Home Automation) - Forecast 2016-2022

M2M Communication Global Market   - Overview

The global M2M communication market is showing immense growth; mainly due to the growing need for energy-efficient lighting systems. M2M communication refers to connecting different machines of the same type other than smartphones, tablets, and wearables with each other. The technology is segmented into wired and wireless. With the advancements in technology, M2M Communication also allows connected vehicle opportunity which offers inter vehicle and intra vehicle in order to improve the driver experience. Strong support of mobile operators and the growing high speed networks are major factors driving the growth of M2M communication market. Also, increase in cloud based M2M application platforms is one major factor driving the growth of the market. Moreover, increasing strategic partnerships with system integrators is another major factor responsible for driving the growth of M2M communication market.

According to a recent study report published by Market Research Future, The global market of M2M Communication is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2022 with a striking CAGR during the anticipated period (2017 – 2022). Technological advancements and growing demand for public safety networks is boosting the growth of M2M communication market. Also, increasing demand for M2M communication from transportation and healthcare is another major factor driving the market growth. The M2M Communication market is highly competitive due to the increase in implementation of cloud based technologies and developments in the field of internet of things. On the other hand, lack of standardization and continued uncertainty around 4G LTE are major factors hindering the growth of M2M communication market. Also, getting consumers to pay more for enhanced connectivity and need for integrated M2M solutions are other factors that may hamper the growth M2M communications market.

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Industry News

Jan 2018 – Sierra Wireless is a solid IoT play for the future. Sierra Wireless makes money by producing 2G, 3G and 3G gateways and embedded modules utilized in machine-to-machine communications, and commands approximately one third of the market space and has utilized a strategy of “growth via acquisition” to boost year-over-year revenues.

Jan 2018 – TRAI mulls policy for M2M communications. Telecom regulator, TRAI has come out with proposals on machine-to-machine communications that include a new kind of permit for companies keen on providing services for this new form of technology.

M2M Communication Global Market   - Competitive Analysis

The market of M2M communication appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on internal R&D and, most of all, in acquiring other firms.

M2M Communication Global Market   - Segmentation

The M2M communication market can be classified into 4 key segments for the convenience of the report and enhanced understanding;

Segmentation by Technology: Comprises of Wired, Wireless and Hybrid

Segmentation by Component: Comprises of Wi-Fi, Sensors, RFID, and Software among others

Segmentation by Application: Comprises of Consumer Electronics, Healthcare, Retail, Automotive, Utilities, and Home Automation among others

Segmentation by Region: Comprises of Geographical regions - North America, Europe, Asia Pacific and Rest of the World.

M2M Communication Global Market   - Regional Analysis

North America is expected to witness a significant growth and hold the largest market share during the forecast period. U.S and Canada are anticipated to drive the growth of the M2M communication market in North America owing to the presence of a large number of established key players such as Aeris communication. Inc., AT&T, Inc., Cisco Systems Inc., Telenor Group, Intel Corporation, Singtel Group, Texas Instruments, Vodafone Group plc., Verizon Communications, Inc., Sprint Corporation and Telefonica, S.A. among others. Also, U.S. is leading the market in North America due to the rising demand of cloud based services and high-speed networks that enable easy access, analysis and manipulation of stored data transaction to help customers to improve their business operations. Also, due to the drastic fall in the usage of native applications and a considerable shift towards the adoption of cloud based applications in the region, the market is likely to show immense growth in the coming future. M2M communication market in Asia Pacific is expected to grow at a substantial CAGR during 2017 to 2022 due to increasing adoption of smartphones and digital solutions such as smart meters in China and India in the region. Whereas, the Europe market for M2M Communication is expected to grow at a considerable CAGR (2017-2022). Europe is expected to register healthy growth in the machine to machine communication market due to industrial developments as well as infrastructural growth.

Key Players

Aeris communication. Inc. (U.S.), AT&T, Inc. (U.S.), Deutsche Telekom AG (Germany), Cisco Systems Inc. (U.S.), Telenor Group (Norway), KORE Wireless Group (U.S.), Intel Corporation (U.S.),  Rogers Communications Canada, Inc. (Canada), Singtel Group (Singapore), Texas Instruments (U.S.),  Vodafone Group plc. (UK), Verizon Communications, Inc. (U.S.), Sprint Corporation (U.S.), Telefonica, S.A. (Spain), China Mobile Ltd. (China),   Numerex Corp. (U.S.), Sierra Wireless (Canada), and Orange S.A. (France) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global M2M Communication Market.

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Plant Asset Management Market Analysis and Demand with Forecast To 2023

 Plant Asset Management Market Research Report: Information by Offering (Software, Service), by Deployment Mode (Offline, Cloud), by Asset Type (Production Asset, Automation Asset), by End-User (Chemical, Aerospace and Defense) by Region - Global Forecast till 2023

Market Overview

Market Research Future (MRFR) emphasizes in its research report that the global market 2020 is projected to rise rapidly over the review period, achieving a significant market valuation from USD 5.20 Billion in 2017 to USD 8.78 billion by 2023, and a healthy CAGR of 9.5% over the review period. Drivers and Restraints

Growing demand for a cloud-based plant asset management solution drives the plant asset management market. Adopting lean manufacturing practice, requiring real-time data analysis, and growing demand for applications for failure detection also propels market growth. Growing awareness about the adoption of low-cost manufacturing plants, rising customer needs and growing trends in integrating IT and operational technology among others are key factors driving growth in the plant asset management sector. The plant asset management market is also projected to expand at the highest pace over the forecast period. This is due to the rising IoT market and an increasing demand from end-user industries for new technologies.

On the other hand, one of the major factors hampering the growth of the plant asset management market is high initial cost of investment. In addition, the need for periodic upgrading and the complexities involved in plant asset management solutions installations can hinder market development.

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Segmental Analysis

By offering, the market is bifrucated into software and services.

By deployment mode, the plant asset market is divided into offline deployment and cloud deployment.

By asset type, the market is bifurcated into production asset and automation asset.

By end user, the market is divided into chemical, energy and power, food and beverages, oil and gas, healthcare, aerospace & defense, automotive, and others.

Regional Analysis

The global business regional analysis was conducted in four major regions including Asia Pacific, North America, Europe and the rest of the world.

Asia-Pacific owing to the presence of numerous main players and vendors in the area is expected to dominate the plant asset management market. The growing solar, hardware, energy and power industries, and automotive industries are also driving the region's market development. The rising economy has led to growth in Japan, India, China and other Asian countries as the industries adopt plant asset management to minimize maintenance costs.This trend is fueling market growth as foreign investment in the region is growing. Due to the rapidly increasing industrial base and rising competition among the players in the region, the fastest growing market is expected to be the Asia-Pacific market too. North America is slated to be the second-largest market due to the presence of numerous industries and key players in the region, such as IBM Corporation and Honeywell International Inc. North America also has early access to emerging technology due to the superior infrastructure funding, and it is one of the early adopters of the plant asset management system, responsible for business growth.

Competitive Analysis

The major market players operating in the global market as identified by MRFR are   Endress+Hauser Management AG (Switzerland), Honeywell International Inc. (US), General Electric Co. (US), Rockwell Automation, Inc. (US) , Siemens AG (Germany), Yokogawa Electric Corporation (Japan), Emerson Electric Company (US), Dassault Systèmes (France), IBM Corporation (US), and Hitachi Ltd. Plant asset management market tends to be highly competitive. To retain its market place and drive market growth, a competitive environment is created by numerous diverse and diversified foreign organizations, domestic organizations and new entrants. Business leaders are constantly innovating and increasingly pursuing market growth through numerous strategic mergers and acquisitions, innovation, increased research and development investments, and cost-effective product portfolio. Big players invest in internal R&D, and most of all in the purchase of other firms.

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Cluster Computing Market Report to Study Various Key Drivers, Size, Share, Trends, Growth and Future Scope Analysis till 2022

 Cluster Computing Market, by Service Type (HPC IAAS, HPC PAAS, Data Organization, Cluster Software), by Deployment (On Premises, On Cloud), By Organization Size (Large Business Unit and Small Business Unit), By Vertical (Life Science, Industrial, Banking, Retail) - Forecast 2016-2022

Industry Insight

Global Cluster Computing Market analysis 2020 offers a steady compound annual growth rate (CAGR) from 2015 to 2022 of 5%, which is the forecast period. Market Research Future estimates the figures and reveals that the market will witness high growth prospects with US ~$44 billion in the same future timeframe.

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Top Impacting Factors

The factors liable for grossing the global cluster computing market’s growth are attributed to the economic competitiveness and new product developments. These are the critical drivers for the rising demand for the cluster computing market for years and will continue to the forecast period as well. In fact, recent developments such as the cloud-based approach in the cluster computing market are captivating small to medium-sized enterprises in the market. With the use of high-performance computers by SMEs, this would reduce the initial investments for building infrastructure, hardware implementation, and thus the high-performance computing market is anticipated to expand exponentially in the near future.

The growing dependence on IT infrastructural support of industries around the globe has amplified the need for cluster computing solutions. Moreover, organizations have also grown keener to include virtualized environments, leading to increased investments in cluster computing expenditure. Cluster computing has emerged as the most compelling solution to cater to the abovementioned organizational needs, enabling computer possessions to work as a cluster. All these features contribute to the market’s growth tremendously over the forecast period.

Globally, the demand for cluster computing has significantly risen since these solutions aid organizations reduce the cost incurred during downtime in the IT infrastructural setting. The popularity of economic expansion is raising the need for computers that can optimize performance. The ability of cluster computing in the matter of solving problems in concern with recurring and complex operations is also fuelling the development of the market in the forecast period. The new product developments in the market are the key drivers that will enable the transformation of the market in the forecast period.

The highly competitive market is making it essential for businesses to manage the existing workload through specialized cluster computing.

Segmentation of Market: Cluster Computing

Bifurcation of the global cluster computing market has been conducted by service type, by deployment, by organization size, by vertical.

Cluster Computing has been identified among the service type includes HPC PAAS, HPC IAAS, Cluster Software, and Analytical Tool, Data Organization and Workload Management, and Professional Services.

Deployment segment included on-cloud and on-premise. The organization size has been known as SBU and LBU, and more.

The vertical segment has been identified among Industrial Manufacturing, life Science, defense, gaming industry, banking, retail, and among others.

Regional Outlook

North America is leading the market of Cluster Computing owing to the existence of the worldwide players in this region as well as elevated technological advancement. The region of North America is likely to lead the market all the way forecast period for many mounting factors as well.

Asia-Pacific has emerged as the fastest expanding market and expected to be the second-biggest market by the end of the predicted period. Presently Europe has acquired the second position in the market but likely to be led by Asia-Pacific by the end of the forecast period.

Top Market Players

The well-known players in the market of Cluster Computing are listed as Advanced Micro Devices, Cray, Inc. (U.S.), Cisco Systems Inc. (U.S.), Intel Corporation (U.S.), Microsoft Corporation (U.S.), Silicon Graphics International Corp. (U.S.), Google Inc. (U.S.), Hewlett Packard, Inc. (U.S), Amazon Web Services, Inc. (U.S.) Dell (U.S.) and more.

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Data Encryption Market Growth Rate, Trends, Analysis, Future Scope, Size, Share, Forecast To 2023

 Global Data Encryption Market Research Report, End-user (Aerospace & Defense, Automotive, BFSI, IT & Telecom, Healthcare, Manufacturing), Method (Asymmetric, Symmetric), Organization Size (Large Organizations), Deployment (On Premise)– Forecast till 2023

Market Synopsis

The growing advancement of data-centered technology and the increasing adoption of electronics data-driven equipment in the market are propelling the data encryption market 2020. The rise in cyber threats, cyber-attacks, and data increase across the globe has compelled the enterprises to secure the data and take necessary precautions to protect the confidential data. Growing digitalization has resulted in a rise in the generation of new data every day, which is confidential and requires to be protected from the cyber-attacks. The call for the protection of personal and sensitive information produced using electric equipment has led to the proliferation of data encryption market. However, unawareness about data encryption solutions and intricacy in integrating them are the major factors that are impeding the enlargement of the market.

Recently, the number of data theft has been on a perpetual increase and data destruction has reached an alarming lap. Several consortia and government bodies have been a victim to the mischievous attacks by fraudulent which has led to a huge loss of money and at times leading to bankruptcy. Owing to the increased adoption of cloud technology, the companies have begun to accumulate data remotely on the cloud. There is an urgent requirement for protecting the data stored on the cloud as well as transferred to the cloud. Data encryption is the best method to resolve the data security issue.

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Global Data Encryption Market Segmentation

The global data encryption market is segregated on the basis of deployment, method, organization size, end-user, and region.

On the basis of deployment, the global data encryption market is segregated on the basis of on-premise and on-cloud.

On the basis of the method, the global data encryption market is segregated on the basis of asymmetric and symmetric.

On the basis of organization size, the global data encryption market is classified on the basis of small and medium enterprises and large enterprises.

On the basis of end-user, the global data encryption market is segregated on the basis of healthcare, BFSI, IT and telecom, aerospace and defense, manufacturing, automotive, and others.

On the basis of region, the global data encryption market is segregated on the basis of Europe, Asia Pacific, North America, and the Rest of the World.

Global Data Encryption Market Regional Segmentation

The regional analysis of North America, Asia Pacific, Europe, and the Rest of the World has been performed.

North America is estimated to lead the global data encryption market. The existence of established competitors in the region is providing data encryption solutions in the US, which is expanding the market at a very fast pace. The development in technology, and increased adoption of electronic equipment and the need to secure them is also estimated to be the key drivers of the global data encryption in the region.

The APAC region is estimated to expand at a very fast rate during the review period. Growing digitization and adoption of cloud technology has resulted to increase in the amount of data getting handles in emerging economies like India, China, and Japan which is estimated to grow the demand in the region.

Europe is estimated to participate significantly in the global data encryption market during the review period. The technological development and presence of major players like Gemalto in the region are likely to bring a positive impact on the growth of the global data encryption market.

Global Data Encryption Market Key Players

The eminent players of global data encryption market are Microsoft Corporation, (US), IBM Corporation (US), Symantec Corporation (US), Intel Security (US), HP (US),  Oracle Corporation (US), Gemalto (The Netherlands), Netapp Inc. (US), FireEye, Inc. (US) and Vormetric Inc. (US).

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Corporate E-Learning Market Outlook, Strategies, Industry Analysis, Future Scope, Key Drivers and Forecast To 2022

 Global Corporate E-learning Market Research Report, by technology (Web-Based, LMS, Learning Content Management Systems, Podcasts, Virtual Classrooms, Mobile E-Learning), by training type (Instructor-led & Text based, Outsourced) - Forecast till 2022

Market Overview

The escalation in the work-from-home model and remote working is estimated to spur the corporate e-learning market 2020. The ICT industry reports are produced by Market Research Future, which highlights market options for expansion. The market is expected to observe USD 30 Billion in incomes at a 13% CAGR in the forecast period.

The need to incorporate corporate e-learning solutions in the HR management portfolios is estimated to enhance the COVID-19 corporate e-learning market size. The increasing preference for self-directed learning content is estimated to transform the corporate e-learning market share in the impending period. The ease of accessibility to mobile analytics and cloud technologies is projected to transform the corporate e-learning companies.

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Segmental Analysis

The segmental investigation of the corporate e-learning market is segmented on the basis of technology, training type, and region. Based on the technology, the corporate e-learning market is segmented into mobile e-learning web-based learning content management system (LCMS), podcasts, learning management systems (LMS), virtual classrooms, and others. On the basis of training types, the corporate e-learning market is segmented into outsourced and instructor-led & text-based. On the basis of regions, the corporate e-learning market consists of the Asia Pacific, The Middle East, Latin America, Europe, North America, and Africa.

Detailed Regional Analysis 

The regional investigation of the corporate e-learning market includes regions such as the Asia Pacific, The Middle East, Latin America, Europe, North America, and Africa. The North American corporate e-learning market is anticipated to grow noticeably for the duration of the forecast period. This is attributed to the increasing advances in technical infrastructure and escalating investments from foremost organizations and e-learning dealers in introducing innovative solutions and systems for digital learning. The swelling popularity of competency-based and self-paced e-learning in employees is anticipated to advance the growth of the corporate e-learning in the European region. The regional market of the Asia Pacific is projected to observe the greatest development in corporate e-learning market due to mounting number of organizations launching their businesses in the up-and-coming economies of this region.

Competitive Analysis

The constraints of growth are expected to be significant and considerable support will be needed to transform the market effectively. The need to build sustainability into the core assets of the companies will help companies’ battle situations like the current pandemic more effectively. The instability in the forces of demand and supply is estimated to create a beneficial impact on the overall global market in the forecast period. The restoration and everyday operations are estimated to take some time, which will lead to intensive development of backlog in delivery. The financial assistance provided by the government around the world and trade bodies is estimated to salvage the situation in the coming years. The downturn effects visible in the market are estimated to stay a little longer due to the scale of impact on the global market. The need for prudent analysis of the market trends and demand projections is estimated to lead to formidable development in the market.

The formidable contenders in the corporate e-learning market are Oracle (U.S.), CERTPOINT Systems (U.S.), Digital Ignite (U.S.), SAP (Germany) Blatant Media Corporation (Canada) , SkillSoft Corporation (U.S.), Adrenna (U.S.), 24x7 Learning (India), Infor (U.S.), GeoMetrix Data Systems Inc. (Canada), among others.

Industry Updates

Apr 2020 eLearning Brothers has purchased two companies recently, Trivantis, a course-building tools provider and Edulence, a learning management system provider. The procurements bring eLearning Brothers some fresh customers, but the three also served many of the similar businesses. The company’s clients are typically based in the U.S. eLearning Brothers will investigate packages to offer clientele that consist of eLearning Brothers products and those of the recently acquired companies.

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Cloud Management Platform Market Growth Rate, Future Scope, Analysis, Business Development and CAGR To 2024

 Market Overview

According to MRFR analysis, the global cloud management platform market was valued at USD 8,182.2 million in 2018, and it is expected to reach USD 26,767.0 million, registering a CAGR of 18.4% during the forecast period. The market growth is attributed to the rising demand for enterprises to have greater control over IT spendings, surge in adoption of heterogeneous and multimodal IT service delivery environment, rapid deployment of virtualized workloads, and improved operational efficiency. On the other hand, insufficient technical expertise and the rising security concerns for in-house development of platform are some of the factors expected to hinder the market growth during the assessment period.

According to MRFR analysis, the global cloud management platform market has been segmented based on component, deployment mode, organization size, and vertical.

Based on the component, the global cloud management platform market has been divided into solution and services. The solution segment accounted for the larger market share in 2018 and is expected to dominate the market owing to the rising demand for integrated toolsets by enterprises across verticals and the increasing need for hybrid and multi-cloud models that enable enterprises to have centralized control of various cloud-based infrastructures. Based on solution, the cloud management platform market has been categorized as automation and orchestration solution, governance and compliance solution, performance monitoring solution, security solution, and cost management solution. The automation and orchestration solution segment accounted the largest market share in 2018 and security solution segment is expected to have the highest CAGR during the forecast period

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The services segment has further been subsegmented into professional services and managed services. The managed services segment accounted for the larger market share in 2018 and professional services is expected to have a higher CAGR during the forecast period. The market growth for managed services is attributed to rising complexities in handling huge volumes of datasets that encourage enterprises to outsource the services to third-parties. The professional services segment has been further subdivided into consulting services, integration services, and other support services. The consulting services segment gained the largest market share in 2018 and integration services is expected to have the highest CAGR during the forecast period.

Based on the size of the organization, the market has been categorized as small and medium enterprises (SMEs), and large enterprises. The large enterprises segment accounted for the larger market share in 2018 and the SMEs segment is expected to register the higher CAGR during the forecast period owing to rising investments by tier 1 companies to develop high-quality and affordable solution for small enterprises. The market growth is attributed to the rising need to lower the IT costs and surge in need to handle the complex and rapidly evolving  cloud-based environments. .

Additionally, the market is further categorized based on deployment mode that includes private cloud, public cloud, and hybrid cloud. The public cloud segment accounted for the largest market share in 2018, and the hybrid cloud is expected to have the highest CAGR during the forecast period. The market growth is attributed to the ability to secure the database and digital transformation that enable enterprises to adopt multi-cloud and hybrid environments to create more agile and cost-effective IT environments. However, the public cloud segment is expected to have the highest market share owing to rising investment by enterprises to access the data.

Furthermore, based on vertical, the global cloud management platform market has been divided into IT & telecom, banking, financial services and insurance (BFSI), government and defense, healthcare, energy and utilities, retail and e-commerce, and others. The BFSI segment gained the largest market share in 2018 and the retail and e-commerce segment is expected to register the highest CAGR during the forecast period. The market growth for BFSI is attributed to highly regulated environments with cost and security standards to deliver innovative, agile multi-cloud platforms. Moreover, an increase in mobile e-commerce applications that require uptime at peak hours, need for high visibility and control over entire inventory, and security are some of the factors likely to drive the market during the forecast period.

Key Players

Some of the key players in the global cloud management platform market include MORPHEUS DATA, LLC. (US), Scalr, Inc. (US), CloudBolt Software, Inc. (US), RightScale, Inc. (US), HyperGrid™ (US), HP Enterprise Development LP (US), BMC Software, Inc. (US), DivvyCloud (US), RackWare (US), Turbonomic Inc.,  (US) , Embotics Corporation (US), Cisco Systems Inc., (US), VMware, Inc. (Dell Technologies) (US), Citrix Systems Inc. (US), and ServiceNow (US).

Apart from the  aforementioned companies,  other vendors operating in the market include Dynatrace (US), Amazon Web Services (AWS) (US), Puppet (US), Splunk Inc. (US), and others.

Regional Analysis

By region, the global cloud management platform market has been segmented into North America, Europe, Asia-Pacific, the Middle East and Africa, and South America.

North America dominated the cloud management platform market in 2018 owing to the number of solution providers in the US. The market in Asia-Pacific is expected to be the fastest-growing cloud management platform market during the forecast period. The market growth is attributed to the high investments by local vendors in emerging economies such as China and India and increasing government policies to encourage digital initiatives and develop the cloud infrastructure.

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Conversational Artificial Intelligence (AI) Market Research Report - Global Forecast till 2024

 Market Highlights

Conversational artificial intelligence (AI) is revolutionizing the way enterprises interact with customers. Intelligent virtual assistants and chatbots help organizations to resolve repetitive customer queries and proactively offer suggestions to make real-time decisions. With advances in artificial intelligence, machine learning, deep learning, natural language processing, and speech and image recognition technologies, machines are capable of addressing customer queries and providing online solutions. Chatbots are rapidly being implemented for business-to-business and internal applications in enterprises. For instance, in India, HDFC bank has partnered with Niki, an artificial intelligence company based in Bengaluru, to introduce conversational banking with the help of chatbots to facilitate banking transactions from the chat window. In April, 2019, Nuance Communications Inc., and Morris Garages (MG) Car Company Ltd announced a partnership to implement Naunce’s conversational AI-powered mobility assistant in their cars, with MG Hector being India’s first internet-enabled car with voice-enabled features.

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 Key Players

MRFR recognizes the key market players in conversational artificial intelligence (AI) as Oracle Corporation, Amazon Web Services, Google LLC, IBM Corporation, Baidu Inc., SAP SE, Creative Virtual Ltd, Facebook Inc., Microsoft Corporation, Nuance Communications, Artificial Solutions, Avaamo Technologies Pvt Ltd, Conversica Inc., Haptik, Solvvy, and Pypestream.

The prominent players keep innovating and investing in research and development to present a cost-effective product portfolio. There has been recent mergers and acquisitions among the key players, a strategy the business entities leverage to strengthen their reach to the customers.

Regional Analysis

The global market for conversational artificial intelligence (AI) is estimated to grow at a significant rate during the forecast period from 2019 to 2024. The geographical analysis of conversational artificial intelligence (AI) market is covered for the regions namely North America (the US, Canada, Mexico), Europe (the UK, Germany, France, Spain, Italy, the rest of Europe), Asia-Pacific (China, Japan, India, Singapore, Australia, the rest of Asia-Pacific) and the rest of the world (the Middle East and Africa and South America).

North America holds the largest market share owing to the increasing adoption of conversational artificial intelligence (AI) solutions by enterprises in verticals such as banking, financial services and insurance, retail & e-commerce, IT & telecom, automotive, healthcare, and media & entertainment. The region has a presence of key market players such as Google LLC, Microsoft Corporation, IBM Corporation, Oracle Corporation, Amazon Web Services, Facebook Inc. and others that constantly invest and develop conversational AI platforms and solutions promoting the market growth in the region. Adoption of intelligent virtual assistants and chatbots is growing in countries such as the US, Canada, and Mexico generating high revenue for the market. North America is a leader in the implementation of machine learning and deep learning-based voice-assistant systems to offer enhanced customer experience which is driving the market growth in this region. Rising usage of mobile messengers such as Facebook Messenger, WhatsApp, WeChat and others are tremendously contributing towards the market growth in North America.

Europe region accounted for the second largest market share owing to the increasing demand for conversational artificial intelligence (AI) solutions among the automotive industry in the UK and Germany. Various banks in the UK, Germany, France, Spain, Italy, Portugal, Sweden, and Norway are also implementing virtual assistants and chatbots to offer enhanced customer service. The market is also expected to attain growth due to rising adoption of conversational AI solutions for branding and marketing purpose among various enterprises driving the market growth in Europe. Applications of conversational AI in the European healthcare vertical is also expected to promote the market growth in the region.

Asia-Pacific region accounted for the third-largest market share due to rising adoption of conversational artificial intelligence (AI) solutions in China, Japan, India, Australia, Singapore, South Korea, and the Philippines. Various banks, financial services, and insurance companies in the Asian countries are partnering with artificial intelligence solution providers to implement chatbots offering enhanced customer service and employee engagement. Growing investments by key market players in emerging economies in the Asia-Pacific region also promotes the market growth. Automotive industry in this region is already implementing conversational AI-based assistants such as Alexa, further contributing to the market growth in this region.  

The conversational AI market in the Middle East and Africa region is expected to achieve a considerable growth owing to adoption of personal assistants and chatbots in countries such as UAE, Saudi Arabia, Turkey, South Africa, Zimbabwe, Kenya, Nigeria, and other African countries. The region witnesses immense adoption of artificial intelligence-based messengers and smart speakers. This region presents numerous investment and growth opportunities for key market players.

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https://www.techsite.io/p/2033012

https://www.articletrunk.com/software-defined-infrastructure-sdi-market-analysis-and-demand-with-forecast-to-2023/