Chatbot Market - Impressive Development in AI Technology Fuels Growth

The global chatbot market is expected to show high growth due to increasing demand of technological and digital devices at the global platform. The growing use of artificial intelligence tools in consumer electronic products have also helped in gaining larger customer base and has significantly grown the chatbot market.

The technological advancements have also enhanced the capacity of artificial intelligence that are being widely used across multiple businesses. It is also one of the most adapted digital marketing strategy to gain higher number of customer traction.

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The immense growth of chatbot is co-related with the growth and development of artificial intelligence (AI), as they help in developing the chatbot from simple answering machines to a smart platform that has the ability to engage customers. Another used of chatbot is highly considered in marketing strategies that is possessed with large number of capabilities and capacities of chatbot.

During the last few years, online ways of communication have significantly increased mainly through voice and messaging services and is expected to grow in forthcoming years. Thus, businesses are adapting online messaging services and increasing the capacity of digital marketing campaign with the help of chatbot that will further help in rising their customer engagement.

The international market for chatbot has witnessed high growth in the North America having highest number of market share and the regional market value noted in 2015 was US$ 52.7 mn.

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The presence of high number of global players in the U.S. is the key factor that has lead the region at the international level.

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