AI sales assistant software is a tool primarily used to automate tasks and processes with the help of embedded artificial intelligence to assist sales representative.
AI sales assistant software helps the user to convert sales leads automatically to improve sales revenue with the help of human intelligence. Increase in adoption of AI-based sales assistant software by SMEs and large enterprises to increase sales revenue is a key factor that is estimated to boost the AI sales assistant software market during the forecast period. AI sales assistant software is commonly employed to handle repetitive sales and marketing activities and manage time to simplify difficult and complicated responsibilities.
It performs various activities such as lead certification and follow-up, pipeline control, forecasting, meeting preparation, and data entry, which help simplify the sales management process of an enterprise. AI sales assistant software is also known as AI virtual sales assistant software.
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Global AI Sales Assistant Software Market: Dynamics
Global AI Sales Assistant Software Market: Key Drivers
Rise in need to increase sale conversion in enterprises of different industry sectors is expected to drive the demand for AI sales assistant software
Rise in adoption of AI-based smart virtual personal assistants and chatbots in various enterprises to assist sales representatives to enhance sales is projected to propel the AI sales assistant software market
High initial investment for implementation of AI sales assistant software in various enterprises hampers the market
New product launches and adoption of advanced technology in different industry verticals is estimated to create significant opportunities for the market
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Impact of COVID-19 on the Global AI Sales Assistant Software Market
- Increase in cases of COVID-19 across the globe is resulting in an economic slowdown. The pandemic has created disruptions in several markets including the AI sales assistant software market.
- Adoption of artificial intelligence (AI) and machine learning (ML) technologies in different industrial sectors such as healthcare, telecommunication, and automotive has increased due to the COVID-19 pandemic, which further fuels investments in research and development activities in the AI sales assistant software market.
- Therefore, demand for AI sales assistant software is expected to increase during the COVID-19 situation
North America to Hold Major Share of the Global AI Sales Assistant Software Market
- In terms of region, the global AI sales assistant software market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
- North America is a prominent region of the global market due to the high rate of adoption of new technologies in different industry verticals and presence of large number of AI sales assistant software vendors in the U.S. and Canada, which in turn is estimated to fuel the adoption of AI sales assistant software in the region
- Increase in number of SMEs in Asia Pacific is projected to propel the demand for AI sales assistant software in the region
- Increase in adoption of artificial intelligence (AI) technologies in different industry verticals in Europe is estimated to fuel the demand for AI sales assistant software during the forecast period
Global AI Sales Assistant Software Market: Competition Landscape
- Several players operating in the AI sales assistant software market have strong presence and are witnessing rapid technological development
- In December 2020, Conversica, a key player of the AI sales assistant software market, entered into partnership with Affinitiv, which integrates Conversica intelligent virtual assistants with Affinitiv’s XRM platform to improve retailer performance and accelerate the vehicle shopper’s experience.
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Key Players Operating in Global AI Sales Assistant Software Market Include:
- Affinity, Inc. (Nudge.ai)
- Affectlayer, Inc. (CHORUS)
- Conversica, Inc.
- Ciena Corporation
- Clari Inc.
- Drift.com, Inc.
- Exceed. AI Ltd.
- Gong.io Inc.
- Heyday Technologies Inc.
- HubSpot, Inc.
- Introhive Services, Inc.
- Kixie Inc.
- People.ai Inc.
- SalesDirector.ai, Inc.
- Saleforce.com, Inc.
- Saleswhale, Inc.
- VeloxyIO, Inc.
- ZoomInfo Technologies Inc.
- ZOHO Corporation Pvt. Ltd.
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