Bot Service Market Booming at a CAGR of 32.10% by 2026 Top Key Players Microsoft, IBM Corporation, Google, Facebook, Amazon Web Services, Inc., Nuance Communications, Inc., Aspect Software, Inc., Inbenta Technologies Inc., Creative Virtual Ltd.

The Global Bot Service Market report finds the markets complete deal that is generated by a specific firm over a timespan. Industry specialists calculates share by considering the product sales over a period and then partitioning it by the general shares of the Semiconductors and Electronics industry over a characterized period. Specialists further utilize this measurement to offer a general thought of the share and size of a firm and its quick adversaries.

Global Bot Service Market is driven by increasing number of internet users, which is projecting a rise in estimated value from USD 700.28 million in 2018 to an estimated value of USD 6493.73 million by 2026, registering a CAGR of 32.10% in the forecast period of 2019-2026.

Bot Service Industry One of the first things you need to do is create a chatbot. To ease this dreaded task, you can make use of the Microsoft Bot Framework (MBF). MBF supports C# and Node.js languages for production use, and you can also use Python and Java, which are already available in preview. MBF is an open source project, so you can find all of the concepts that you need to build a chatbot in MBF at GitHub

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Market Definition: Global Bot Service Market

A bot is a type of software that is designed to get the tasks done automatically rather than doing on your own. With the continuous improvement in bot technology it can be assumed that it will become capable of handling all kinds of things, comprising of something that is as complex as tax. It has its wide application in real estate, media and entertainment, telecom, retail and e-commerce, and others. Increasing user engagement on social media platforms may be considered as the major factor in driving the growth of bot service market.

Key Players: Global Bot Service Market

Microsoft, IBM Corporation, Google, Facebook, Amazon Web Services, Inc., Nuance Communications, Inc.,Aspect Software, Inc., Astute Solutions, Next IT Corp., Kore.ai, Inc., Rasa Technologies GmbH, Pypestream, Avaamo, Pandorabots, LogMeIn, Artificial Solutions, Botego, Chatfuel, Webio, Do You Dream Up, Inbenta Technologies Inc., Creative Virtual Ltd., IPsoft Inc., 24/7 CUSTOMER INC., CogniCor Technologies S.L., and others.

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Key Developments in the Market:

In August 2018, HubSpot launched “Conversations”, which is a free platform of Bots, Live Chat, and Team Email to push the fast growing business.
In December 2017, A chat Bot has been launched on facebook messenger by the luxury brand Louis Vuitton which has been powered by mode.ai

TOC: Global Bot Service Market

Executive Summary
Scope/opportunities of the Report
Research Methodology

Market Landscape
Pipeline Analysis
Market Sizing

Porter’s Five Forces Analysis
Market Segmentation
Customer Landscape

Regional Landscape
Business Decision Framework
Drivers And Challenges

Market Key Trends
Players Landscape
Players Analysis

Appendix

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Market Drivers and Restraints: Global Bot Service Market
Dependency on Deployment Platforms for Bots

Highly Advanced AI and NLP Tools Bolstering the Market Growth

Increasing User Engagement on Social Media Platforms

Lack of Awareness

Market Segmentation: Global Bot Service Market

Market segment on basis of Regions/Countries Regions/Countries
North America,
South America,
Europe,
Asia-Pacific,
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. In 2017, North America is expected to dominate the market.

The global bot service market is also segmented on the basis of service into
Framework,
Platform
The framework segment is further segmented into Natural language processing, Machine learning, artificial neural network, Bot analytics

On the basis of deployment channel, the global bot service market is further segmented into
Websites,
Contact center,
Customer service,
Social media,
Mobile applications

On the basis of end-user, the global bot service market is further segmented into
Banking,
Financial services,
Insurance,
Government,
Real estate,
Media and entertainment,
Telecom,
Retail and ecommerce,
Education,
Travel and hospitality,
Healthcare

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