09-25-2018 04:16 PM CET - Advertising, Media Consulting, Marketing Research

Chatbots Market Report 2018 Companies Included - IBM, Nuance Communications, Inc., eGain Corporation., Creative Virtual Ltd., Artificial Solutions, Next IT Corp., [24]7.ai, Inc., CX Company, Speaktoit, Inc., iDAvatars, Baidu, Inc, Poncho

Press release from: Data Bridge Market Research
Chatbots Market
Chatbots Market
This market report defines the market trends and forecast the upcoming opportunities and threats of the chatbots market in the next 8 years. Chatbots is a computer program designed to simulate chat with human users, over the Internet. It conducts conversation via auditing and textual messages. These are the computer programs that imitate conversation with people using artificial intelligence. The chatbot ecosystem includes several cross-linking features that enable enhanced performance of chatbots in various applications. Many companies prefer in-built chatbots on their websites as they facilitate companies in providing immediate customer interaction. Mostly slack and twitter messaging platforms are preferred by businesses. Chatbots allows companies to engross in continuous communication with their customers. Chatbots installed by the companies offer information related to product and brand, which helps the company to increase brand awareness, and inspire customers to sign up for the company’s account. There is a huge growth for chatbots because large enterprises widely employ chatbot for digital marketing applications and for easy communication. The Kik Bot Store is going to launch chatbot with 16 bots, which will include the Weather Channel, H&M, Vine and Funny or Die.

The "Global Chatbots Market Analysis to 2025" is a specialized and in-depth study of the Chatbots industry with a focus on the global market trend. The report aims to provide an overview of Global Chatbots Market with detailed market segmentation by type, usage and geography. The Global Chatbots Market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the Chatbots Market players and offers key trends and opportunities in the market.

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The Global Chatbots Market is expected to reach USD 4125.3 Million by 2025, from USD 750.3 Million in 2017 growing at a CAGR of 36.5% during the forecast period of 2018 to 2025. The Global Chatbots industry is expected to witness significant growth over the forecast period as they enable enterprises to substantially reduce operating costs. Additionally, innovations in artificial intelligence and machine learning technologies are likely to enhance the features of global Chatbots Market, which acts as a major driver for the market.

Major Market Drivers and Restraints:

• Acceptance of cloud-based technology
• Increasing demand for automated patient management tools in the healthcare industry
• Penetration of websites and mobile applications are increased.
• Lack of awareness due to early presence in tech-adoption life cycle
• High deployment cost and system integration complexities

Major competitors/ Company Profiles

Some of the major players operating in the Global Chatbots Market are-

• Google
• Microsoft
• Telegram
• Nuance Communications Inc.
• Egain Corporation.
• Creative Virtual Ltd.
• Artificial Solutions
• Next It Corp.
• [24]7.Ai
• Cx Company

Speaktoit, Inc., Idavatars, Baidu, Inc, Poncho, Kik., Wechat., Varo, Babylon, Replyyes, Sri International, Inbenta Technologies Inc., Anboto, are among others in the Global Chatbots Market.

The Kik Bot Store is going to launch chatbot with 16 bots, which will include the Weather Channel, H&M, Vine, Funny or Die and others.
In October 2016, Baidu launched an innovative healthcare bot known as Melody. This chatbot uses artificial intelligence to provide doctors with relevant information in order to assist patients with various suitable treatment options.

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Market Segmentation of Global Chatbots Market:

The global Chatbots market is segmented by:

• By Type
 Services

• By Usage

 Websites
 Contact Centres
Social Media
 Mobile Platform

• By Industry Vertical

 Financial Services
 Healthcare, Communication
 Retail
Travel And Hospitality
 Government
 Education
 Utilities

• By Deployment Type

• By End User

 Small And Medium Enterprises
 Large Enterprises

• By Geography

Based on geography, the Global Functional Beverages Market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.

Target Audience for Global Chatbots Market

• Government Associations
• Consultants/Consultancies/Advisory Firms
• Network Service Providers
• Academic And Research Institutes
• Chatbots Product And Solution Provider Companies
• Support And Maintenance Service Providers

Are among others mentioned in the report.

Reason to buy the Report:

• It helps to know that the Global Chatbots Market product sections along with their future forecast.

• It aids for making informed business decisions by utilizing a comprehensive analysis of market sections and from having whole insights of Chatbots Market.

• It poses a forward-looking prospect on distinct facets controlling and Global Chatbots Market development.

• This poses a six-year Global Chatbots Market forecast assessment primarily based mostly on the way the sectors are anticipated.

• Global Chatbots Market report contains data for historic years 2014 & 2015, the base year of calculation is 2016 and the forecast period is 2018 to 2025.

Order a Copy of Global Chatbots Market Report @ databridgemarketresearch.com/inquire-before-buying/?dbmr=...

About Us:

Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.

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