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Chatbot Market is projected to grow at a CAGR of 22.4% during the forecast period of 2022-2030: Cognitive Market Research
Chatbot Market is projected to grow at a CAGR of 22.4% during the forecast period of 2022-2030: Cognitive Market Research
Chatbot is a computer program that simulates and processes human conversation with human users, especially over the Internet. Chatbots are often used as virtual assistants to provide customer service, help customers find information, or complete transactions. They can be integrated into websites, messaging platforms, and mobile apps, and can be accessed through text or voice inputs.
Summary:
Global Chatbot Market is expected to grow from USD 0.83 billion in 2022 to USD 2.72 billion by 2030, at a CAGR of 22.4% during the forecast period.
• The increasing demand for conversational interfaces and growing advancements in Advances in artificial intelligence (AI) and natural language processing (NLP) is the major driving factor for the growth of the Chatbot market.
• North America accounted for the largest market share in the Global Chatbot Market.
To know more about Chatbot Market statistics click here: https://www.cognitivemarketresearch.com/chatbot-market-report
Market Dynamics
The increasing demand for conversational interfaces and growing advancements in Advances in artificial intelligence (AI) and natural language processing (NLP) are driving the growth of the Chatbot market. With the growing popularity of messaging apps and voice-activated virtual assistants, there is a growing demand for conversational interfaces that allow users to interact with technology in a more natural and intuitive way. Implementation of cloud base deployment, artificial intelligence (AI), and natural language processing (NLP) are driving the growth of the chatbots market.
Market Segmentation:
By End-user
Large enterprises accounted for the major share in the market growth owing to the increasing adoption of conversational interfaces in large enterprises.
• Small Enterprises
• Medium Enterprises
• Large Enterprises
By Application
Bots for Marketing held the major share and are anticipated to register the fastest growth during the forecast period. This is due to it helps to connect customers directly to service providers and improves customer experience.
• Bots for Service
• Bots for social media
• Bots for Payments/Order Processing
• Bots for Marketing
• Others
By Type
Standalone holds the major market share in the growth of the chatbot market. This is due to these being great for fast creating and sharing a link to the chatbot.
• Standalone
• Web-based
• Messenger-based/Third Party
By Product
• Artificial Intelligence
• Marketing
• Human Intelligence
By Vertical
• Healthcare
• Retail
• Banking, Financial Services, and Insurance (BFSI)
• Media & Entertainment
• Travel & Tourism
• E-commerce
• Others
The Major Players Chatbot Market are:
[24]7.ai, Inc., Acuvate, Aivo, Artificial Solutions, Botsify Inc., Creative Virtual Ltd., eGain Corporation, IBM Corporation, Inbenta Technologies Inc., Next IT Corp., Nuance Communications, Inc.
Get Access of latest published Chatbot Market Report: https://www.cognitivemarketresearch.com/chatbot-market-report
Regional Analysis:
• North America is a leading region of the Chatbot market.
North America held the largest share of the market in 2021 and is expected to remain dominant during the forecast period. This is attributed to the rising demand in various industries including retail, finance, healthcare, and travel, as they offer a flexible and cost-effective solution for customer service and support. Rapid development in technologies such as artificial intelligence, IoT, and APIs in North America driving market growth.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Chatbot Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
- 1.5.1 Segmentation
- 1.5.1 Regional Fragmentation
- 1.5.1 Market Players
• 1.6 Report Duration
Chapter 2 Research Methodology
Chapter 3 Executive Summary
Chapter 4 Global Chatbot Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
• 5.1 Global Chatbot Market Revenue and Share by Manufacturers (2018-2022)
• 5.2 Global Mergers and Acquisition Analysis
• 5.2 Global New Launches Analysis
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Chatbot Market by Type Segmentation Analysis (2018-2030)
Chapter 9 Global Chatbot Market by Application Segmentation Analysis (2018-2030)
Chapter 10 Global Chatbot Market by Product Landscape Segmentation Analysis (2018-2030)
Chapter 11 Global Chatbot Market by End-user Segmentation Analysis (2018-2030)
Chapter 12 Global Chatbot Market by Vertical Segmentation Analysis (2018-2030)
Chapter 13 Global Chatbot Market Regional Analysis
Chapter 14 North America Chatbot Market Outlook (2018 - 2030)
Chapter 15 Europe Chatbot Market Outlook (2018 - 2030)
Chapter 16 Asia Pacific Chatbot Market Outlook (2018 - 2030)
Chapter 17 Latin America Chatbot Market Outlook (2018 - 2030)
Chapter 18 Middle East and Africa Chatbot Market Outlook (2018 - 2030)
Chapter 19 Research Findings
To know more The Chatbot market TOC click here: https://www.cognitivemarketresearch.com/chatbot-market-report#table_of_contents
Related Reports:
• Chatbot and Voice Market - https://www.cognitivemarketresearch.com/chatbot-and-voice-market-report
• HR Chatbots - https://www.cognitivemarketresearch.com/hr-chatbots-market-report
• Chatbot Builders - https://www.cognitivemarketresearch.com/chatbot-builders-market-report
• AI Chatbot Platform - https://www.cognitivemarketresearch.com/ai-chatbot-platform-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research:
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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