Chatbots Market size estimated to grow in billion by 2020 one from 700 million in 2018 with the top key players like Apple, Baidu, Applied Voice & Speech Technologies, Google, Facebook, Microsoft, IBM, Inbenta Technologies, Interactions, IPsoft, Ivee, Nex

A chatbot is a computer program or an artificial intelligence which conducts a conversation via auditory or textual methods. Such programs are often designed to convincingly simulate how a human would behave as a conversational partner, thereby passing the Turing test.

Chatbots Market was worth USD +864.9 million in 2018 and is projected to reach USD +3146.4 million by 2023 growing at a CAGR of +24% over the period 2018 - 2023.

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The Top Key Players included in this Market:
Apple, Baidu, Applied Voice & Speech Technologies, CogniCor, Google, Facebook, Microsoft, Artificial Solutions, Botego, CodeBaby, Living Actor (Cantoche), Creative Virtual, CX Company, EasilyDo, IBM, Inbenta Technologies, Interactions, IPsoft, Ivee, Jibo, MindMeld, Next IT, Nuance

Chatbots are conversational characters that interact with humans via communication gateways. They are accessed through internet and rely on artificial intelligence to complete any task provided. The global chatbots market is driven by artificial intelligence since past decade. One of the major driving factor in the global chatbots market is the increasing use of online messaging.

The global Chatbots market has been broken down into small businesses, medium-sized businesses, and large companies based on the size of the companies they use. Of these, the large corporates segment had a dominant share of the global turnover of the chatbot market in 2018. It is estimated that the chatbot market is growing strongly in the forecast period due to the increasing use of social networking sites and the proliferation of cloud-based technologies.

The market for chatbots is segmented by type, deployment, industry distribution and usage. By segmenting uses, the banking, financial services and insurance sector (BFSI) has the maximum market share and will continue to dominate the market over the forecast period.

The Chatbots market in Asia Pacific is also expected to exhibit a highly promising CAGR over the report’s forecast period. Demand will chiefly stem from the rapidly expanding ICT infrastructure in leading economies such as India and China in the region.

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Table of Contents
Global Chatbots Market Research Report
Chapter 1 Chatbots Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Chatbots Market Forecast

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