Growing eCommerce industry to fuel demand for conversational AI
Some major industries in France include BFSI, retail and eCommerce, and government. These industries demand conversational AI solutions to improve customer service, streamline operations, and enhance user experiences. Since France is a multilingual country, conversational AI solutions that could support multiple languages, including French, were in high demand. Many conversational AI solutions were designed to support French, English, and other languages commonly used in business contexts. Advances in Natural Language Processing (NLP) and machine learning have made conversational AI systems more sophisticated and capable of understanding and responding to natural language, improving their effectiveness.
Download Report Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=49043506
The French government was actively supporting AI and digital technology initiatives, which contributed to the growth of the conversational AI market. Initiatives like "France is AI" aimed to foster AI innovation and entrepreneurship. The French government was actively supporting AI and digital technology initiatives, which contributed to the growth of the conversational AI market.
France, as the third-largest economy in Europe, presents a compelling opportunity due to its substantial size. Additionally, the French GDP demonstrates robust stability, with expectations of mirroring the European average growth rate of 0.4% in 2023 and 1.5% in 2024. Recently, the French government announced around USD 520 million in new funding to create AI "champions" and praised projects targeting French speakers as concern grows about Silicon Valley firms fueling English-language domination of AI systems.
Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=49043506
Conversational AI was being applied across various industries, including eCommerce, healthcare, and BFSI to automate tasks, answer common questions, and enhance customer interactions. Many businesses in France, especially in the eCommerce and BFSI sectors, integrated chatbots and virtual assistants to enhance customer support. In 2020, over 50% of French companies used AI for customer relationship management, including conversational AI applications such as customer support, personalized experience, and fraud detection and prevention. Furthermore, French consumers were becoming more accustomed to interacting with chatbots and virtual assistants, which increased the acceptance and usage of conversational AI solutions.
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]