Press release
Live Chat Software Market Predicted to Reach $997 Million by 2023 - Leading industry players profiled ogMeIn Inc. , LivePerson Inc. , Zendesk , SnapEngage, Livechat Inc., Olark ,Kayako Inc., Freshdesk Inc., Woopra Inc., Provide Support LLC.
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The continuous increase in popularity of live chat, growth in need to improve customer relationship management (CRM), and the advantages of live chat software over conventional customer support drive the growth of the market. However, factors such as a continuous increase in demand for web mobile self-service and lack of standardization hamper the live chat software market growth to a certain extent.
North America dominated the global market in 2016 and is expected to remain dominant during the forecast period, owing to the increase in demand for live chat software from a number of industries to provide real-time communication. Furthermore, Asia-Pacific is expected to grow at the highest CAGR during the forecast period.
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This report provides a comprehensive analysis of
-Top impacting Growth Factors
-Competitive Analysis of Leading Market Players
-Current and Future Market Trends
-Market Segmentation
-Revenue Estimation by 2023
The global live chat software market was led by the customer service live chat system segment in 2016, and the segment is projected to maintain its dominance during the forecast period. In addition, it is expected to witness the highest growth, owing to the growth in adoption of live chat software by many website providers of the different market.
In 2016, the global market was dominated by the others segment and is expected to continue this trend during the forecast period. However, the retail segment is expected to witness the highest growth, owing to an increase in the adoption of live chat software to improve customer relationship management in the industry.
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