Artificial Intelligence in Chatbot Security Market Boom in 2021 with Top Companies: Nuance Communications Inc., Mindmeld Inc., Inbenta Technologies Inc., Kore.ai Inc.

United States/WA: Artificial Intelligence in Chatbot Security Market Will Boom In Up coming Years.

Market Overview:

AI-based chatbots normally interact with the general public through instant messaging (IM), online forums, chat sites, social networking sites, and others. The rise in popularity of this kind of communication has led to the rise of artificial intelligence chatbot security concerns. Botnets, hidden service modules and key-loggers are some of the most common malicious software tools.

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Once installed, these bots send unsolicited advertisements, spam text messages and emails to targeted clients and users. One of the most prominent of these chatbot security threats are spoofed email addresses that send out phishing spam invitations.

Artificial Intelligence in Chatbot Security in the commercial sector have progressed beyond surface-level, technical interactions with clients, Because of their human-like interactions, it's difficult to tell the difference between a chatbot and a real person nowadays.

COVID19 impact virtually every industry, and the long-term effects are expected to impact industry growth over the next several years. forecast segment. Ongoing research is expanding the research framework to ensure it includes the basics of COVID19 and potential pathways to follow.

Competitive Landscape:

Major companies contributing to the global artificial intelligence in chatbot security market include Next IT Corporation

Nuance Communications Inc.
Pypestream
Inbenta Technologies Inc.
Maruti Techlabs
Ubisend
Mindmeld Inc.
Nano Rep Inc.
CreativeVirtual
Kore.ai Inc.

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Market Drivers:

Progressive proliferation of smartphones in parallel to the growing demand for round-the-clock consumer engagement solutions is expected to propel growth of the artificial intelligence in chatbot security market during the forecast period.

Moreover, increasing investments in AI (Artificial Intelligence) technology coupled with the adoption of digital banking model in the BFSI (banking, financial services, & insurance) sector is expected to boost growth of the artificial intelligence in chatbot security market throughout the forecast period.

Global Artificial Intelligence in Chatbot Security Market Segmentation:

On basis of offering, the global artificial intelligence in chatbot security market is classified into:

Hardware
Software
Services

On basis of deployment model, the global artificial intelligence in chatbot security market is classified into:

Cloud-based deployment
On-premises deployment

On basis of security type, the global artificial intelligence in chatbot security market is classified into:

Network Security
Endpoint Security
Application Security
Cloud Security

On basis of solutions, the global artificial intelligence in chatbot security market is classified into:

Identity and Access Management (IAM)
Risk and Compliance Management
Encryption
Data Loss Prevention (DLP)
Unified Threat Management (UTM)
Antivirus/Antimalware
Intrusion Detection/Prevention System (IDS/IPS)
Others

On basis of technology, the global artificial intelligence in chatbot security market is classified into:

Machine Learning
Context Awareness Computing
Natural Language Processing

On basis of vertical, the global artificial intelligence in chatbot security market is classified into:

Government & Defense
Consumer Electronics
BFSI
Enterprise
Infrastructure
Automotive & Transportation
Healthcare
Retail
Manufacturing
Others (Oil & Gas, Education, Energy)

Regional Classification:

Europe:

Italy
UK
Norway
France
Others

Asia Pacific:

India
China
Japan
Pakistan
South Korea
Others

Rest of World:

Turkey
Israel
Saudi Arabia
Brazil and Others

Key Takeaways

Because of the expanding usage of AI-based solutions for consumer interaction despite rising rates of cybercrime, the artificial intelligence in chatbot security market is expected to develop at a CAGR of XX percent during the forecast period.
For example, according to the World Economic Forum's Global Risks Report 2021, businesses experienced a 50.1 percent increase in data fraud and cyber-security breaches in 2020.

Based on the increased amount of cyber-attacks in the BFSI sector and the increasing deployment rates of chatbot security models, the North American region is expected to have a dominating position in the worldwide artificial intelligence in chatbot security market.

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This release was published on openPR.