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The Conversational AI market is experiencing rapid growth due to advancements in NLP and machine learning technologies. It is estimated to reach USD 54.81 Billion by 2031, with a CAGR of 22.89%. Conversational AI solutions, such as chatbots and virtual assistants, offer businesses a cost-effective way to automate customer interactions and gather valuable data. These solutions are also integrating seamlessly with various communication channels, creating a new communication paradigm for a more natural and user-friendly experience.
