Chatbot Market Size and Development Strategy 2017: Industry Growing with 37% of CAGR and Expected to Reach USD 6 billion by 2023

November 08 10:45 2017
Market Research Future
Market Research Future published a research report on “Chatbotss Market Research Report- Global Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Market Highlights

In this rapidly changing world of technology, Chatbotss market is projected to show major growth prospects during the forecast period. The growing need to maintain a healthy customer relationship management is a major factor driving the growth of Chatbotss market. Chatbotss enables companies to engage in continuous communication with their customers which results in improvement of customer relationship management, which is the ultimate goal of any organization.

As compared to other regions, the Chatbotss Market in North America is expected to witness significantly healthy growth, with rate relatively closer to that of the European region. In North America, the U.S is expected to drive market growth followed by Canada. The North America region dominated the market share and is expected to continue its dominance over the forecast period. The growth attributes to the presence of large number of established players in the market and also rise in upcoming players. In addition to this the region also possesses technological advancements resulting into high usage of mobiles and tablets.

The Chatbotss Market is growing rapidly over 37% of CAGR and is expected to reach at approx. USD 6 billion by the end of forecast period.

Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Chatbotss Market Research Report-Forecast to 2023”.

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Key players

  • Facebook, Inc. (U.S.)
  • WeChat (China)
  • Artificial Solutions (Sweden)
  • IBM (U.S.)
  • Naunce Communications Inc. (U.S.)
  • Egain Corporation (U.S.)
  • Creative Virtual Pvt. Ltd. (U.K.)
  • NEXT IT Corp. (U.S.)
  • CX Company (Netherlands)
  • Speaktoit Inc. (U.S.)
  • 24/7 Customer Inc. (U.S.)
  • Codebaby (Idavatars), Inc. (U.S.)
  • DigitalGenius (U.K.)
  • Howdy (U.S.), Talla (U.S.)
  • Semantic Machines (U.S.)

Segments:

Chatbotss Market Can Be Segmented On The Basis Of Following:

By Type:

  • Software
  • Services

By Deployment:

  • Cloud
  • On premise

By Usage:

  • Websites
  • Mobile platform
  • Social media

By Industry Verticals:

  • BFSI
  • Retail and e-commerce
  • Government
  • Travel and Hospitality

Market Research Analysis:

The global Chatbotss market, by geography, has been segmented into North America, Europe, Asia Pacific, Middle East and Africa (MEA), and South America. In the global Chatbotss market, Asia Pacific is anticipated to witness relatively faster adoption and hence the growth rate as compared with other regions.

Across Europe, countries including Germany, France and the U.K. are anticipated to drive the growth of Chatbotss market. In Europe, the presence of several market players coming up with different messaging applications is driving the market growth. While, the presence of advanced technological infrastructure in numerous countries of the European region drives market growth. However, France and Germany is expected to grow at a considerably faster rate owing to the political scenarios pertaining in the European region.

Within Asia Pacific, Chatbotss market is projected to contribute the faster share growth of revenue backed by growth in upcoming players in industry in countries such as Japan, China, Indonesia, Malaysia and India. Furthermore, many international dental and healthcare industry are coming up in the region adding to the growth of the sector.

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Chatbotss market in the South America region is anticipated to witness relatively slower market growth. However, Brazil and Argentina among other countries are projected to witness slow yet steady growth. In Brazil, Chatbotss market is increasing popularity and is expected to increase significant market share during the forecast period.

Chatbotss market in Middle East and Africa occupies a relatively smaller pie of the Chatbotss market. Within Middle East and Africa counties including UAE, South Africa and Saudi are driving the growth.

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