Press release
Global Chatbot Market Is Assumed to Grow CAGR of 34.3% Forecast by 2023 – Existor, Pandorabots Inc, Nuance Communications Inc, Next IT Corp, Kore.ai Inc.
The global chatbot market is forecasted to thrive at a 34.3% CAGR to reach at a notable value by the end of 2023. The chatbot is an advanced business solution which is being adopted by business owners to offer better customer service experience to their consumers. Chatbot is being adopted by online retailers, restaurants and many other verticals.
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The report begins with an overview for Chatbot market. The research report broadly covers analysis of key market drivers, challenges, opportunities and trends. The study also provides separate analysis to understand market size, projections and macroeconomic indicators of global regions that affects the market share. The report also offers an extensive coverage of various industry players along with their recent product launches and market activities. The report also goes through porter’s five analyses for getting a better understanding about the forces that shape competition within the industry. There is a timeline considered for useful analysis i.e. 2017 is considered as base year, 2018 as estimated year and 2019-2023 as forecasted year.
The market is divided into various segments and further sub-segments to drive the useful insights that can be utilized for company revenue growth and business. The Chatbot market is segmented on the basis of –
By Type
- Flow chatbots
- Artificially intelligent chatbots
- One-way AI
- Two-way AI
- Hybrids
By Application
- Bots for Service
- Bots for Social Media
- Bots for Payments/Order Processing
- Bots for Marketing
- Others
By End Use Verticals
- Healthcare
- Retail
- Banking, Financial Services, and Insurance (BFSI)
- Media & Entertainment
- Travel & Tourism
- E-commerce
- Other
The research also does a separate geographical analysis that comprises both the region wise and country wise analysis. The geography covered in the report is North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe) , Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific) Latin America (Brazil, Mexico, Argentina and Rest of Latin America) and Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa). As per the report, Asia Pacific is likely to be the market giant in the upcoming years.
Considering the competition, the major vendors providing Chatbot techniques across the globe are –
- Existor
- Pandorabots, Inc.
- Nuance Communications, Inc.
- Next IT Corp.
- Kore.ai, Inc.
- CogniCor Technologies
- Other Major & Niche Players.
These vendors have adopted various types of organic and inorganic growth strategies, such as new product launches, business expansions, partnerships and collaborations, and mergers and acquisitions, to expand their offerings and further expand their presence in the global Chatbot market.
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Table of Contents:
Research Methodology
Market Definition and List of Abbreviations
1. Executive Summary
2. Growth Drivers & Issues in Global Chatbot Market
3. Global Chatbot Market Trends
4. Opportunities in Global Chatbot Market
5. Recent Industry Activities, 2017
6. Porter's Five Forces Analysis
7. Market Value Chain and Supply Chain Analysis
8. Products Average Price Analysis, By Country
9. Global Chatbot Market Value & Forecast (USD Million), 2017-2023
10. Global Chatbot Market Segmentation Analysis, By Type
10.1. Introduction
10.2. Market Attractiveness, By Type
10.3. BPS Analysis, By Type
10.4. Flow chatbots Market Value & Forecast (USD Million), 2017-2023
10.5. Artificially intelligent chatbots Market Value & Forecast (USD Million), 2017-2023
10.5.1. One-way AI Market Value & Forecast (USD Million), 2017-2023
10.5.2. Two-way AI Market Value & Forecast (USD Million), 2017-2023
10.6. Hybrids Market Value & Forecast (USD Million), 2017-2023
11. Global Chatbot Market Segmentation Analysis, By Application
11.1. Introduction
11.2. Market Attractiveness, By Application
11.3. BPS Analysis, By Application
11.4. Bots for Service Market Value & Forecast (USD Million), 2017-2023
11.5. Bots for Social Media Market Value & Forecast (USD Million), 2017-2023
11.6. Bots for Payments/Order Processing Market Value & Forecast (USD Million), 2017-2023
11.7. Bots for Marketing Market Value & Forecast (USD Million), 2017-2023
11.8. Others Market Value & Forecast (USD Million), 2017-2023
12. Global Chatbot Market Segmentation Analysis, By End Use Vertical
12.1. Introduction
12.2. Market Attractiveness, By End Use Vertical
12.3. BPS Analysis, By End Use Vertical
12.4. Healthcare Market Value & Forecast (USD Million), 2017-2023
12.5. Retail Market Value & Forecast (USD Million), 2017-2023
12.6. Banking, Financial Services, and Insurance (BFSI) Market Value & Forecast (USD Million), 2017-2023
12.7. Media & Entertainment Market Value & Forecast (USD Million), 2017-2023
12.8. Travel & Tourism Market Value & Forecast (USD Million), 2017-2023
12.9. E-commerce Market Value & Forecast (USD Million), 2017-2023
12.10. Others Market Value & Forecast (USD Million), 2017-2023
Continue…
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