Austin city of Texas in the United States is set to host next month the next quantum computing summit where internet of things (IOT) and artificial intelligence will be at the center of the discussion.
Discussions and debates will take place on a wide range of upcoming IoT, AI and Quantum Computing issues and trends at the Artificial Intelligence (AI) Summit & IoT World Austin, co-located with the Quantum Computing Summit 2-3 November 2022.
Among the companies to be featured at the conference is Omdia, the world’s most lucrative AI business – Chatbots / Virtual Digital Assistants. In a new report, Omdia suggests that contrary to a wide range of vendor assessments and traditional technology market trends, Chatbot/VDA solutions will not be dominated by a small number of big-name vendors.
“There are several reasons for a robust chatbot solutions market,” says Mark Beccue, Principal Analyst, Omdia. “One, there is persistent market demand for solutions which address a broad spectrum of complexity, from pro developer Do It Yourself (DIY) tools and no code SaaS to bespoke end to end solutions. Two, it’s likely there will be new market disruptors because of evolving technology, particularly the potential emergence of affordable NLU and training from open-source Large Language Models (LLM).”
“… And three, the total addressable market is very large and very complex, led by broad market drivers for CX and workflow automation. The market opportunity is nowhere near saturated or commoditized, leaving the door open for a variety of vendors to succeed and prosper,” Mark says.
Omdia notes other market trends shaping the trajectory for Chatbots/VDAs, including demand for increasingly sophisticated roles for chatbots, the rising importance of BPOs and SIs in the ecosystem and the legitimacy of messaging channels.
The summit “Chatbots & Virtual Digital Assistants 2022: Market Trajectory, Forecasts”, examines all these issues and more, according to the organizers. The report will help readers understand the rapidly shifting enterprise Chatbot/VDA market landscape by identifying key drivers and barriers, market trends, the dominant use cases, who the key players are, why they are so key, and what they see in the marketplace. It provides forecasts for Chatbot/VDA spend through 2026 with analysis by verticals and regions.
Omdia is established at the start of 2020 by unifying the depth and breadth of expertise from Informa Tech’s legacy research brands: Ovum, IHS Markit Technology, Tractica and Heavy Reading.