Press release
The Chatbots Market achieved a valuation of US$ 4.30 billion in 2022, and it is projected to experience substantial growth, with chatbots revenue expected to increase at a CAGR of 28.5% from 2022 to 2029, reaching an estimated US$ 24.90 billion.
Chatbots Market
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What are Chatbots Market Dynamics?
Drivers: Several factors drive the growth of the chatbots market, with the key driver being the integration of artificial intelligence (AI). The rise of social media messaging platforms has significantly contributed to market growth. The report encompasses an in-depth analysis of market drivers, along with insights into mitigating the impact of COVID-19.
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What is Chatbots Market Segmentation?
End-Users: The market is segmented into small & medium enterprises and large enterprises, with large enterprises projected to witness the highest CAGR of 14.8%.
Application: Segments include Social Media Bots, Payments/Order Processing Bots, Service Bots, Retail & Marketing Bots, and Others. Social Media Bots and Payments/Order Processing Bots held the largest market share in 2022, with projected high CAGRs in the forecast period (2023-2029).
Industry: Segments encompass Media and Entertainment, E-commerce, BFSI, Healthcare, Travel & Tourism, and Others, with E-commerce and Media and Entertainment expected to grow at notable CAGRs.
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Who are Chatbots Market Key Players?
1. Artificial Solutions
2. Kore.ai
3. Inbenta
4. [24]7.AI
5. Aivo
6. ServiceNow
7. Conversica
8. Personetics
9. LiveChat
10.MindMeld
11.CogniCor
12.Gupshup
13.Contus
14.Chatfuel
15.KeyReply
16.SmartBots
17.Yellow Messenger
18.Kevit
19.Yekaliva
20.Pypestream
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Table of content for the Chatbots Market includes:
Part 01: Executive Summary
Part 02: Scope of the Chatbots Market Report
Part 03: Global Chatbots Market Landscape
Part 04: Global Chatbots Market Sizing
Part 05: Global Chatbots Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
Regional Insights:
North America: Dominates the Chatbots market share in 2022, driven by technological advancements, widespread internet access, and reduced smartphone and tablet prices.
Asia-Pacific: Expected to witness the highest CAGR of 10.7% during the forecast period (2023-2029), owing to technology-driven economies, globalization-oriented government policies, and digitization efforts.
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by different segment | 2023-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic
perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
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