Bot Service Market Set For Dazzling Growth | Emerging Players Are Microsoft, IBM, Facebook, Google, Amazon Web Services, Nuance Communications

Bot Service market report covered Current and future trends of global Bot Service market. This report describes the development of Bot Service industry by upstream & downstream, business overview, growth opportunities, key companies as well as market segment & Future prospects details for business development. This report analyzes the market outlook and provides a list of key companies, drivers, and challenges that are anticipated to impact the global market and its stakeholders over the forecast years.

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% forecast to 2026.

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The Bot Service market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, markett initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Bot Service market for global, Europe, North America, Asia Pacific and South America.

Major players:

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

Market Segmentation

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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Market Drivers and Restraints

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

Scope of Report:

CAGR of the market during the forecast period 2018-2024
Detailed information on factors that will accelerate the growth of the Bot Service market in upcoming years
Precise estimation of the global Bot Service market size, share and its contribution to the Global Bot Service market
Accurate predictions on upcoming trends and changes in consumer behavior
Growth of the Bot Service industry across various geographies such as the North America Europe, Asia-Pacific, South America and Middle East & Africa.
A thorough analysis of the market's competitive landscape and detailed information on several vendors
Comprehensive information about factors that will challenge the growth of Bot Service manufacturers

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Email: sopan.gedam@databridgemarketresearch.com

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This release was published on openPR.