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Oman Conversational Commerce Industry Poised for Substantial Growth, Set to Reach $1.9 Billion by 2028 - ResearchAndMarkets.com

The "Oman Conversational Commerce Market Intelligence and Future Growth Dynamics Databook - 75+ KPIs on Conversational Commerce Trends by End-Use Sectors, Operational KPIs, Product Offering, and Spend...

Business Wire

DUBLIN: The "Oman Conversational Commerce Market Intelligence and Future Growth Dynamics Databook - 75+ KPIs on Conversational Commerce Trends by End-Use Sectors, Operational KPIs, Product Offering, and Spend By Application - Q2 2023 Update" report has been added to ResearchAndMarkets.com's offering.

The industry is anticipated to flourish at a compound annual growth rate (CAGR) of 21.4% from 2022 through 2028. The emergent market demonstrates a potential acceleration as the transaction value is expected to burgeon to $1.9 billion by 2028.

This report armed with over 75 key performance indicators (KPIs), expounds upon the striking transformation taking place in the digital commerce sphere, as numerous sectors in Oman tap into innovative, conversation-driven customer engagement strategies. The findings suggest an impressive expansion trajectory for Oman's conversational commerce, projecting a 24.0% increase on an annual basis, leading to an estimated $0.7 billion in 2023.

Professionals seeking a nuanced understanding of the Omani conversational commerce landscape will find this document to be an invaluable asset. It delivers market-specific strategies by identifying thriving segments and targeting explicit opportunities to foster proactive and lucrative business approaches. The strategic insights encompass an array of end-use sectors, rendering a granular analysis beneficial for stakeholders to discern market dynamics and invest in the conversation-driven digital revolution in Oman.

This pivotal data-centric analysis solidifies its importance as a must-have document for industry stakeholders, investors, and tech innovators who are aiming to grasp the substantial growth potential of conversational commerce in Oman. The report's impartial analysis and forward-looking insights are designed to steer businesses towards the emerging opportunities and market propositions within this compelling commercial domain.

Oman High-Growth Market Segments and Key Findings:

  • The transaction value, volume, and average per transaction metrics exhibit significant uptrends.
  • Artificial Intelligence-based virtual assistants are playing a pivotal role in shaping customer interactions.
  • Retail, travel, hospitality, and other key sectors are being revolutionized through conversational commerce mediums such as chatbots, digital voice assistants, OTT messaging, and RCS messaging.
  • Investments in software applications, IT services, and consulting services are scaling up to facilitate this digital shift.

Market Prospects Across Various Sectors and Technologies:

  • Digital voice assistants and chatbots are transforming retail shopping experiences, offering personalized consumer engagement.
  • The travel and hospitality industry is leveraging conversational technology to provide streamlined customer service and booking processes.
  • Online food service platforms are capitalizing on instant messaging services to enhance order placement and delivery efficiencies.
  • Evidence of transitional impacts in other significant economic sectors, pivoting towards digital dialogue interfaces for improved user experiences.

Key Attributes:

Report Attribute Details
No. of Pages 115
Forecast Period 2023 - 2028
Estimated Market Value (USD) in 2023 $0.74 Billion
Forecasted Market Value (USD) by 2028 $1.94 Billion
Compound Annual Growth Rate 21.4%
Regions Covered Oman

For more information about this report visit https://www.researchandmarkets.com/r/co1u8b

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Fonte: Business Wire

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