Chatbot Market to grow with a growth rate of more than 29.5% by 2026 | Google, AWS, Artificial solutions, Chatfuel

A latest research titled as Global Chatbot Market has been published by HTF MI. The report covers in-depth insights on distinctive market features like recent trends, growth drivers and roadblocks that market leaders and emerging players are facing. With this study you can expect a perfect mix of qualitative and quantitative analysis that will allow to explore market gaps and opportunity. The final compilation of the report includes n-number of players and some of the profiled players includes IBM, Nuance Communications, Google, AWS, Artificial solutions, Chatfuel, Botsify, Yellow Messenger, Conversica, Kevit.

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Summary
Global Chatbot market is valued approximately USD 2.01 billion in 2018 and is anticipated to grow with a growth rate of more than 29.5% over the forecast period 2019-2026. The Chatbots is a computer program that replicate human conversation through voice commands or text chats or both. It is an artificial intelligence feature that can be ingrained and are used through any major messaging application. Advancement in technology along with growth in customer demand for self-service and 24*7 customer assistance at a lower operational cost are the factors driving the growth of market over the forecast years. Whereas, incompetence to recognize customer intent and respond effectively are the factors hampering the growth of market over the forecast years. However, rise in use of Chatbots among major industries and increasing focus on customer engagement through various channels is a lucrative opportunity for the growth of market over the forecast year.

The regional analysis of global Chatbot market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America accounts for the largest share in the global chatbot market due to the immense adoption of chatbot in the region. Whereas, Asia pacific is the fastest growing region in the global chatbot market due to the various investment by startups in the chatbots & machine learning and rapid expanding information and communications technology infrastructure in the leading economies such as India and China.

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Market player included in this report are:
IBM, Nuance Communications, Google, AWS, Artificial solutions, Chatfuel, Botsify, Yellow Messenger, Conversica, Kevit

The detailed segments and sub-segment of the market are explained below:
By Component:
Solutions
Services

By Technology:
Machine Learning and Deep Learning
Natural Language Processing
Automated Speech Recognition

By Deployment Type:
On- premises
Cloud

By usage:
Websites
Contact centers
Others

By Organization Size:
Large Enterprise
Small and Medium-sized Enterprise

By Application:
Customer support
Personal assistant
Others

By Vertical:
Banking, Financial and Insurance
Retail and Ecommerce
Healthcare
Others

Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026

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Target Audience of the Global Chatbot Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2017-2026 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Chatbot Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Chatbot Market Dynamics
Chapter 4. Global Chatbot Market Industry Analysis
Chapter 5. Global Chatbot Market, by Component
Chapter 6. Global Chatbot Market, by Technology
....Continued

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Thanks for reading this article, you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

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HTF Market Report is a wholly owned brand of HTF market Intelligence Consulting Private Limited. HTF Market Report global research and market intelligence consulting organization is uniquely positioned to not only identify growth opportunities but to also empower and inspire you to create visionary growth strategies for futures, enabled by our extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist you for making goals into a reality. Our understanding of the interplay between industry convergence, Mega Trends, technologies and market trends provides our clients with new business models and expansion opportunities. We are focused on identifying the “Accurate Forecast” in every industry we cover so our clients can reap the benefits of being early market entrants and can accomplish their “Goals & Objectives”.

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