Chatbot Market Grow At A CAGR Of 27.9% During The Forecast Period 2019 – 2027

The global chatbot market accounted to US$ 1072.4 Mn in 2018 and is expected to grow at a CAGR of 27.9% during the forecast period 2019 – 2027, to account to US$ 9475.1 Mn by 2027.

Europe was the leading geographic chatbot market and it is anticipated to be the highest revenue contributor throughout the forecast period. Factors such as penetration of internet users, the number of social media users, and the number of smartphones users have a profound influence over the penetration of the chatbot market during the past few years. Moreover, the factors are expected to continue to have a substantial impact over the market growth during the coming along with investment towards AI enabled CRM services, and the solution is expected to boost the growth of the market in the region. According to a report published by the World Federation of Advertisers (WFA) in 2017, the European region with a total population of 839 million reported almost 79% of internet users in the region.

This market intelligence report on Chatbot market evaluates and presents a worldwide market scenario along with market estimates, insights and projections for a timeframe of 2020 to 2027. This examination the market dynamics that are foreseen to influence the market growth in a coming couple of years. Also, the report clarifies the effect of the key factors like drivers and restraints for market development. Future trends and opportunities in the global Chatbot market have also been mentioned in the study.

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A comprehensive view of the Chatbot market is covered with competitive landscape and analysis of PEST analysis for the market. PEST analysis provides information on a political, economic, social and technological perspective of the macro-environment from Chatbot market perspective that helps market players understand the factor which can affect business's activities and performance.

The study encompasses a market potential analysis, all the major segments are detailed with their market size, growth rate, and potential opportunities.

Companies Profiled in this report includes

  • Amazon Web Services
  • Artificial Solutions
  • Creative Virtual Pvt. Ltd.
  • CX Company
  • eGain Corporation
  • IBM Corporation
  • INBENTA TECHNOLOGIES INC
  • Microsoft
  • Nuance Communications, Inc.
  • Verint Systems Inc.

Leading Chatbot market players are profiled in the report with key facts, product portfolio, business performance, and strategic initiates. The challenges faced by them and the reasons they are in that position is explained to help make a well-informed decision. Competitive landscape of the Chatbot market is given presenting detailed insights into the company profiles including developments such as merges &acquisitions, collaborations, joint ventures, new production, expansions, and SWOT analysis.

Our research content is primarily focused on the quantification of market developments in terms of market sizing and forecasting. Studding company activities help design the competitive landscape, and forecast market numbers at regional and level. We provide a detailed break-up of segmentation in terms of geography, Chatbot, Chatbot and Chatbot etc.; which helps our clients to get a deeper analysis of various research topics

The target audience for the report on the Chatbot market

  • Manufactures
  • Market analysts
  • Senior executives
  • Business development managers
  • Technologists
  • R&D staff
  • Distributors
  • Investors
  • Governments
  • Equity research firms
  • Consultants

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Posted by on Friday February 14 2020, 12:59 AM EST. All trademarks acknowledged. Filed under Business Services, Technology Hardware & Equipment, Technology, Media, & Telecommunications. Comments and Trackbacks are open. Follow responses: RSS 2.0

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