Juniper Research: Conversational AI to Generate $57 Billion of Revenue Globally Over Next Three Years

February 18, 2025 at 02:00 AM EST

BASINGSTOKE, United Kingdom, Feb. 18, 2025 (GLOBE NEWSWIRE) -- A new study from Juniper Research, the foremost experts in telecommunications markets, has forecast that global revenue from conversational AI services will grow from $14.6 billion in 2025 to more than $23 billion by 2027. It predicts this revenue, which originates from enterprise spend on conversational AI platforms, will be driven by the benefits of implementing agentic AI to services.

Agentic AI is a subset of AI which enables solutions to act independently to attain a preset objective, whilst learning from previous interactions. Specifically, agentic AI enables enterprises to automate tasks, such as service enquiries and appointment scheduling, over conversational channels; reducing reliance on human agent intervention.

An extract from the new report, Global Conversational AI Market 2025-2029, is now available as a free download.

Integration of Agentic AI Frameworks to Unlock Revenue

The report urges conversational AI vendors to integrate agentic AI into their communications technology stack; creating enterprise solutions that automate customer interactions across messaging channels. However, to allow agentic AI to manage these interactions across the complete customer journey, integration with business support systems where customer data is stored is essential. Although the study firmly warned that the level of autonomy given to agentic AI must be carefully considered, with human oversight of actions a necessity during early-stage implementations.

Research Author Molly Gatford commented: “Conversational AI vendors must carefully moderate the outputs of agentic AI models during early-stage implementations. Issues around liability arising from hallucinations or erroneous communications must be avoided before enterprises’ trust in agentic AI can be established. This will best position conversational AI vendors to capitalise on this substantial revenue growth over the next three years.”

About the Research Suite

The new research suite offers the most comprehensive assessment of the conversational AI market to date, including market analysis and in-depth forecasts for 61 countries. The dataset contains more than 31,000 market statistics within a five-year period. It includes a ‘Competitor Leaderboard’ plus an examination of current and future market opportunities.

View the market research: https://www.juniperresearch.com/research/telecoms-connectivity/communication-services/conversational-ai-research-report/

Download the free sample: https://www.juniperresearch.com/resources/free-research/generative-ai-and-agentic-ai/

Juniper Research has, for two decades, provided market intelligence and advisory services to the global telecommunications sector, and is retained by many of the world’s leading network operators and communications platforms.

Please contact Sam Smith, Press Relations

T: +44(0)1256 830002

E: sam.smith@juniperresearch.com