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Conversational AI Market by Offering, Application, Organization Size, Deployment Mode, Sector (IT & Telecommunications, BFSI, Retail & E-commerce, Healthcare & Life Sciences, Travel & Hospitality, Education, Manufacturing) – Global Forecast to 2030

The Conversational AI Market is projected to reach $43.7 billion by 2030, at a CAGR of 23.9% during the forecast period 2023–2030. The growth of the conversational AI market is driven by the surge in demand for conversational AI solutions to improve call center operations and the proliferation of voice-enabled devices. However, a lack of accuracy in recognizing regional accents and dialects and low awareness about conversational AI solutions restrains the growth of this market. The high potential of AI-enabled voice assistants in the healthcare industry and the increasing proliferation of conversational AI solutions for sales and marketing management are expected to create growth opportunities for the players operating in the conversational AI market. However, data privacy and security concerns are a major challenge for market growth. Furthermore, AI chatbots with high emotional intelligence & the rise of voice-enabled assistants are the key trends observed in the conversational AI market.

Microbiology Testing Market by Product (PCR, Mass Spectrometer, HPLC, Stainer, Incubator, Microscopes, Kits, Reagents), Microorganism (Bacteria, Fungi, Virus), Application (Pharmaceutical, F&B, Environment, Cosmetic), End User – Global Forecast to 2030

The Microbiology Testing Market is projected to reach $21.4 billion by 2030, at a CAGR of 5.9% during 2023–2030. Microbiology tests are conducted in various industries such as pharmaceutical, diagnostic, food & beverage, cosmetic, and other industries to detect and restrict harmful microorganisms. The report covers microbiology testing products such as laboratory instruments and analyzers; kits and reagents; and other products, including petri dishes, pipettes, swabs, sterile pack bottles, and plates, to detect various microorganisms such as bacteria, fungi, viruses, and protozoa. These products are majorly used by hospitals and diagnostic labs, analytical and quality laboratories, and academic & research institutes.

The growth of this market is driven by the increasing burden of infectious diseases and outbreaks of epidemics, stringent regulations for microbial contamination in pharmaceutical and food & beverage manufacturing, technological advancements in microbiology testing, and the increasing private-public funding for research on infectious diseases.

Similar to big brands and multi-store chains, several brick-and-mortar retailers are also implementing location intelligence solutions into their product offerings to provide insights regarding customers spending behavior to boost retail functionality and sales. Retailers are promoting location-based apps to their customers to provide them with relevant information & insights and help them with store navigation, promotional offers, and benefits within the store.

Market Overview/Outlook (2022 to 2032)

The global market for Recycled PET is expected to grow between 2023 and 2032 due to factors like sustainability and environmental awareness initiatives, government policies and regulations, partnerships and collaborations, and customers' preferences for eco-friendly packaging.

The Global Recycled PET Market was valued at USD 10.21 Billion in 2022 and is projected to reach USD 19.50 Billion by 2032, registering a CAGR of 7.40% for the forecast period 2023-2032.

Although the damage caused by bronchiectasis is said to be irreversible, Natural Remedies for Bronchiectasis are available that can help to prevent lung infections and reverse its symptoms. Some Herbal Treatment for Bronchiectasis is given below without any side effect on your health.
Although the damage caused by bronchiectasis is said to be irreversible, Natural Remedies for Bronchiectasis are available that can help to prevent lung infections and reverse its symptoms. Some Herbal Treatment for Bronchiectasis is given below without any side effect on your health.
Although the damage caused by bronchiectasis is said to be irreversible, Natural Remedies for Bronchiectasis are available that can help to prevent lung infections and reverse its symptoms. Some Herbal Treatment for Bronchiectasis is given below without any side effect on your health.

Bronchiectasis is a condition that causes progressive damage to the airways, leading to an increased risk of infection and difficulty breathing. Herbal medicines are a natural treatment option that can help treat bronchiectasis symptoms and reduce the risk of exacerbation. Here we discuss the benefits of herbal medicines for bronchiectasis.
Bronchiectasis is a condition that causes progressive damage to the airways, leading to an increased risk of infection and difficulty breathing. Herbal medicines are a natural treatment option that can help treat bronchiectasis symptoms and reduce the risk of exacerbation. Here we discuss the benefits of herbal medicines for bronchiectasis.
Bronchiectasis is a condition that causes progressive damage to the airways, leading to an increased risk of infection and difficulty breathing. Herbal medicines are a natural treatment option that can help treat bronchiectasis symptoms and reduce the risk of exacerbation. Here we discuss the benefits of herbal medicines for bronchiectasis.

Bronchiectasis is a condition that causes progressive damage to the airways, leading to an increased risk of infection and difficulty breathing. Herbal medicines are a natural treatment option that can help treat bronchiectasis symptoms and reduce the risk of exacerbation. Here we discuss the benefits of herbal medicines for bronchiectasis.
Bronchiectasis is a condition that causes progressive damage to the airways, leading to an increased risk of infection and difficulty breathing. Herbal medicines are a natural treatment option that can help treat bronchiectasis symptoms and reduce the risk of exacerbation. Here we discuss the benefits of herbal medicines for bronchiectasis.
Bronchiectasis is a condition that causes progressive damage to the airways, leading to an increased risk of infection and difficulty breathing. Herbal medicines are a natural treatment option that can help treat bronchiectasis symptoms and reduce the risk of exacerbation. Here we discuss the benefits of herbal medicines for bronchiectasis.

Meticulous Research®—a leading global market research company, published a research report titled, ‘E-commerce Market by Business Model, Browsing Medium, Payment Mode (Card Payments, Digital Wallets, Bank Transfer), Operational Channel, Offering (Beauty & Fashion, Food & Beverage, Electronic, Household) – Global Forecast to 2030.’

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According to this latest publication from Meticulous Research®, the E-commerce market is projected to reach $21,168.6 billion by 2030, at a CAGR of 16.9% during the forecast period.The growth of the E-commerce market is driven by the rising penetration of the Internet and smartphones, growing usage of social media and social commerce, growth in the omni-channel business model, and advancement of multiple payment modes. However, online fraud and cybersecurity issues may restrain the market's growth.

E-commerce automation and expansion of cross-border E-commerce are expected to offer significant growth opportunities for the E-commerce market. However, local laws and legislation affecting cross-border E-commerce and trust deficit due to lack of touch and feel experience may hinder the growth of this market. Furthermore, on-site customization, personalized experience, and use of AR and VR in E-commerce are major trends in the E-commerce market.

Meticulous Research® has segmented this market based on business model, browsing medium, payment mode, operational channel, offering, and geography for efficient analysis. The study also evaluates industry competitors and analyzes the market at the regional and country levels.

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Based on business model, in 2023, the horizontal E-commerce segment is expected to account for the larger share of the E-commerce market. The horizontal E-commerce model caters to a diverse product category and hence enjoys a large section of consumers and high sales, contributing to the large share of the segment. A horizontal E-commerce model can be a successful strategy for businesses looking to capture a broad customer base, increase sales, and achieve economies of scale.

Based on browsing medium, in 2023, the desktop/laptop segment is expected to account for the larger share of the E-commerce market. The large market share of this segment is attributed to the growing demand during the COVID-19 pandemic, and the work-from-home culture has positively impacted desktop/laptop sales. Besides, customer preference for high-quality visualization, which gives a better shopping experience and detailed product information, has increased the E-commerce sale via desktop/laptop. Desktops/laptops are still an important platform for E-commerce, particularly for activities that require more detailed browsing and secure transactions.

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Based on payment mode, in 2023, the card payments segment is expected to account for the largest share of the E-commerce market. Card payments are essential for E-commerce businesses offering customers a seamless and secure payment option. Businesses need to offer multiple card payment options to cater to different customers' preferences and ensure a positive customer experience. Card payments also lower the risk of fraudulent transactions and chargebacks. They increase sales for E-commerce businesses by providing customers with a secure and convenient payment option. Multiple card payment options are important to cater to customer preferences and ensure a positive shopping experience.

Based on operational channel, in 2023, the omni-channel E-commerce segment is expected to account for the larger share of the E-commerce market. The large market share of this segment is attributed to the increased customer experience, increased sales and consumer traffic, boosting customer loyalty, and better data collection for optimum customer and resource management.

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Based on offering, in 2023, the beauty & fashion products segment is expected to account for the largest share of the E-commerce market. The large market share of this segment is attributed to the rapidly changing customer behavior and preference towards online shopping, the high demand for cosmetics and clothing, and the rising popularity of mobile wallets. Besides, the increasing use of smartphones, incorporation of advanced technologies in online platforms, and various beauty & fashion goods available for comparison on E-commerce platforms further augment this segment's growth.

Based on geography, in 2023, Asia-Pacific is expected to account for the largest share of the E-commerce market. Large consumer groups, growing penetration of smartphones and the Internet penetration, and rising disposable income have helped the region emerge as the largest E-commerce market.

Key Players

The key players operating in the E-commerce market are Amazon.com, Inc. (U.S.), Alibaba Group Holding Limited (China), eBay Inc. (U.S.), JD.com, Inc. (Jingdong) (China), Rakuten, Inc. (Japan), The Home Depot, Inc. (U.S.), Zalando SE (Germany), Otto GmbH & Co KG (Germany), Priceline.com (U.S.), B2W Digital Company (Brazil), Groupon, Inc. (U.S.), Walmart Inc. (U.S.), Inter IKEA Systems B.V. (Netherlands), Costco Wholesale Corporation (U.S.), Shopify Inc. (Canada), Wayfair Inc. (U.S.), Suning.com Co., Ltd. (Suning Commerce Group Co., Ltd.) (China), Best Buy Co., Inc. (U.S.), and Tesco plc (U.K.).

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Related Report ::

> Asia-Pacific E-commerce Market by Business Model (Horizontal E-commerce and Vertical E-commerce), Browsing Medium, Payment Mode (Card Payments, Digital Wallets, Bank Transfers, Cash Payments), Operating Channel, and Offering – Forecast to 2030 >> https://www.meticulousresearch.com/product/asia-pacific-e-commerce-market-5596

> Europe E-commerce Market by Business Model (Horizontal E-commerce and Vertical E-commerce), Browsing Medium, Payment Mode (Card Payments, Digital Wallets, Bank Transfers, Cash Payments), Operating Channel, and Offering – Forecast to 2030 >> https://www.meticulousresearch.com/product/europe-e-commerce-market-5663
> South East Asia E-commerce Market by Business Model (Horizontal E-commerce and Vertical E-commerce), Browsing Medium, Payment Mode (Card Payments, Digital Wallets, Bank Transfers, Cash Payments), Operating Channel, and Offering – Forecast to 2030 >> https://www.meticulousresearch.com/product/south-east-asia-e-commerce-market-5599