Comparing 21 vendors in AI for Customer Service across 0 criteria.
The AI For Customer Service Companies Quadrant is a comprehensive industry analysis that provides valuable insights into the global market for AI For Customer Service. This quadrant offers a detailed evaluation of key market players, technological advancements, product innovations, and emerging trends shaping the industry. MarketsandMarkets 360 Quadrants evaluated over 40 companies of which the Top 21 AI For Customer Service Companies were categorized and recognized as the quadrant leaders.
AI in customer service leverages advanced technologies to enhance all aspects of customer support, enabling businesses to automate customer interactions, optimize workflows, and improve agent productivity. AI-powered tools such as chatbots, voice bots, workflow automation systems, recommendation engines, and diagnostic solutions provide personalized, data-driven support around the clock. These tools analyze customer service interactions to address queries in real time, helping resolve issues swiftly while enhancing the agent experience. Moreover, AI-driven agent assistance tools empower support teams across various industries to offer customized responses, boosting efficiency and satisfaction.
The growth of the AI for customer service market is fueled by factors such as better customer engagement through omni-channel self-service options and improved efficiency with intelligent routing. The rise of generative AI is transforming customer service by enabling more personalized, human-like interactions and tailored responses in real time. Additionally, AI solutions are paving the way for proactive customer service, creating more opportunities within the market. However, challenges like mitigating deepfake risks in customer onboarding and preventing fraud may hinder the overall growth of AI in customer service.
The 360 Quadrant maps the AI For Customer Service companies based on criteria such as revenue, geographic presence, growth strategies, investments, and sales strategies for the market presence of the AI For Customer Service quadrant. The top criteria for product footprint evaluation included by End-User (BFSI, media & entertainment, telecommunications, government & public sector, healthcare & life sciences, manufacturing, retail & e-commerce, technology & software, travel & hospitality, transportation & logistics, and other end users), by Product(product by type, by deployment mode, by customer service delivery mode, and by functional area) and by technology((Generative AI and Other AI) and customer interaction channel.
Key Market Players
Some of the major players in the AI for customer service market include Microsoft (US), IBM (US), Google (US), AWS (US), Salesforce (US), Atlassian (Australia), ServiceNow (US), SAP (Germany), Zendesk (US), Sprinklr (US), OpenAI (US), Aisera (US), UiPath (US), HubSpot (US), NICE (Israel), Intercom (US),Qualtrics (US), Freshworks (US), LivePerson (US), HelpShift (US), Yellow.ai (US), Cogito (US), SmartAction (US), Talkdesk (US), Five9 (US), RingCentral (US), Nextiva (US), Kore.ai (US), Dynamic Yield (US), Haptik (India), Oracle (US), Afiniti (Bermuda), Kommunicate (US), Help Scout (US), Gorgias (US), Atera (Israel), Ada (US), Kustomer (US), Levity (Germany), Cognigy (Germany), Engageware (US), Netomi (US), Level AI (US), Sybill AI (US), OneAI (US), Brainfish (Australia), SentiSum (England), Balto (US), Tovie AI (UK), Guru (US), Tidio (US), Quiq (US), Aircall (US), OneReach.ai (US), Cresta (US), Deepdesk (Netherlands), Front (US), Fullview (Denmark), Crescendo AI (US), and Gridspace (US). Partnerships, new product developments, mergers & acquisitions, and product enhancements are the key strategies major vendors implement in the AI for customer service market.
Company Profiles
Google is a leader in the AI for customer service market due to its advanced technologies like the Gemini model, which enhances analytics and decision-making processes. Google's investment in AI R&D and strong presence in finance and banking sectors facilitate superior customer service, expanding its market share significantly.
Microsoft
Microsoft secures a prominent position with its strategic AI investments and collaborations, such as its partnership with OpenAI. Its robust cloud infrastructure, supporting diverse AI applications, boosts operational efficiency and attracts enterprise clients, reinforcing its competitive stance.
IBM
IBM focuses on hybrid cloud and AI solutions through platforms like Watsonx to offer enhanced data analytics capabilities. Its strategic partnerships and AI consulting services bolster its competitive edge, catering to a wide-ranging clientele in various sectors.1.1 Study objectives
1.2 Market Defination
1.3 Study Scope
1.3.1 Market Segmentation and Regional Scope
1.3.2 Inclusions and Exclusions
1.3.3 Years Considered
1.3.4 Currency Considered
1.3.5 Units Considered
1.4 Stakeholders
2.1 INTRODUCTION
2.2 MARKET DYNAMICS
2.3 DRIVERS
2.3.1 Improved customer engagement with omni-channel self-service options
2.3.2 Maximizing agent efficiency through AI integration
2.3.3 Enhancing efficiency and satisfaction with intelligent routing
2.4 RESTRAINTS
2.4.1 Mitigating deepfake threats in customer service
2.5 OPPORTUNITIES
2.5.1 Transforming customer service with generative AI innovations
2.5.2 Empowering proactive customer service with AI solutions
2.6 CHALLENGES
2.6.1 Threats of job displacements in customer service
2.7 Value Chain Analysis
2.8 Ecosystem Analysis
2.9 Investment And Funding Scenario
2.10 Technology Analysis
2.10.1 Key Technologies
2.10.2 Complementary Technologies
2.10.3 Adjacent Technologies
3.1 Overview
3.2 Key Player Strategies/Right to Win, 2020–2024
3.3 Market Share Analysis, 2024
3.4 Revenue Analysis, 2019–2023
3.5 Company Valuation and Financial Metrics, 2024
3.6 Brand Comparison
3.7 Company Evaluation Matrix: Key Players, 2024
3.7.1 Stars
3.7.2 Emerging Leaders
3.7.3 Pervasive Players
3.7.4 Participants
3.8 Company Footprint: Key Players, 2024
3.8.1 Company Footprint
3.8.2 Region Footprint
3.8.3 Product Type Footprint
3.8.4 Customer Interaction Channel Footprint
3.8.5 End User Footprint
3.9 Competitive Scenario
3.9.1 Product Launches
3.9.2 Acquisitions
3.9.3 Partnerships, Collaborations, Alliances, And Joint Ventures
4.1 ASPIREIQ
4.1.1 Business overview
4.1.2 Products/Solutions/Services offered
4.1.3 Recent developments
4.1.4 MnM view
4.2 AWS
4.2.1 Business overview
4.2.2 Products/Solutions/Services offered
4.2.3 MnM view
4.3 Adobe
4.3.1 Business overview
4.3.2 Products/Solutions/Services offered
4.3.3 Recent developments
4.3.4 MnM view
4.4 BAIDU INC
4.4.1 Business overview
4.4.2 Products/Solutions/Services offered
4.4.3 MnM view
4.5 BRANDWATCH
4.5.1 Business overview
4.5.2 Products/Solutions/Services offered
4.5.3 MnM view
4.6 CANVA
4.6.1 Business overview
4.6.2 Products/Solutions/Services offered
4.6.3 Recent developments
4.7 CREATORIQ
4.7.1 Business overview
4.7.2 Products/Solutions/Services offered
4.7.3 Recent developments
4.7.4 MnM view
4.8 DIGIMIND
4.8.1 Business overview
4.8.2 Products/Solutions/Services offered
4.9 Google
4.9.1 Business overview
4.9.2 Products/Solutions/Services offered
4.9.3 Recent developments
4.10 HOOTSUITE INC
4.10.1 Business overview
4.10.2 Products/Solutions/Services offered
4.10.3 Recent developments
4.10.4 MnM view
4.11 HUBSPOT
4.11.1 Business overview
4.11.2 Products/Solutions/Services offered
4.11.3 Recent developments
4.11.4 MnM view
4.12 IBM
4.12.1 Business overview
4.12.2 Products/Solutions/Services offered
4.12.3 Recent developments
4.12.4 MnM view
4.13 LIVEPERSON
4.13.1 Business overview
4.13.2 Products/Solutions/Services offered
4.13.3 Recent developments
4.13.4 MnM view
4.14 MELTWATER
4.14.1 Business overview
4.14.2 Products/Solutions/Services offered
4.14.3 Recent developments
4.14.4 MnM view
4.15 Meta
4.15.1 Business overview
4.15.2 Products/Solutions/Services offered
4.15.3 Recent developments
4.15.4 MnM view
4.16 Microsoft
4.16.1 Business overview
4.16.2 Products/Solutions/Services offered
4.16.3 Recent developments
4.16.4 MnM view
4.17 OpenAI
4.17.1 Business overview
4.17.2 Products/Solutions/Services offered
4.17.3 Recent developments
4.17.4 MnM view
4.18 QUALTRICS
4.18.1 Business overview
4.18.2 Products/Solutions/Services offered
4.18.3 Recent developments
4.18.4 MnM view
4.19 QUID
4.19.1 Business overview
4.19.2 Products/Solutions/Services offered
4.19.3 Recent developments
4.19.4 MnM view
4.20 SPRINKLR
4.20.1 Business overview
4.20.2 Products/Solutions/Services offered
4.20.3 Recent developments
4.20.4 MnM view
4.20 SPROUT SOCIAL
4.20.1 Business overview
4.20.2 Products/Solutions/Services offered
4.20.3 Recent developments
4.20.4 MnM view