Press release
Chatbot Market Analysis and Technology Advancement Outlook 2022 to 2027
New York, March 22nd 2022, Market Insights Reports has released its latest market research report on the Chatbot Market.The Chatbot Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Chatbot market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Chatbot market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Chatbot market.
The chatbot market was valued at USD 17.17 billion in 2020 and is projected to reach USD 102.29 billion by 2026, registering a CAGR of 34.75% over the forecast period, 2021 - 2026.
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https://www.marketinsightsreports.com/reports/02082592379/chatbot-market-growth-trends-covid-19-impact-and-forecasts-2021-2026/inquiry?Mode=namita
Top Leading Companies of Chatbot Market are - IBM Corporation, eGain Corporation, Nuance Communications, Creative Virtual Ltd, Avaamo Inc., EdgeVerve Systems Limited (An Infosys Company), SMOOCH.ai (Zendesk), Inbenta Technologies Inc., Serviceaide Inc., Ipsoft Inc., Kore.ai Inc., Amazon Web Services Inc. (Amazon Lex), [24]7.ai, Inc., Artificial Solutions Holding ASH AB, Dialogflow (Google), LiveChat Inc. and others.
Industry News and Updates:
- April 2020 - IBM with its Watson Assistant chatbots is helping government agencies, healthcare organizations, and academic institutions throughout the world to use AI to put critical data and information into the hands of their citizens.
- February 2020 - Creative Virtual has a partnership with Spitch AG, the leading developer of enterprise speech solutions in Switzerland. The collaboration will utilize the best-of-breed technologies of both companies to provide their customers with innovative self-service solutions. The integration of Creative Virtual's V-Person natural language chatbots and Spitch's voice technology brings an industry-leading voice bot offering to the market.
Key Market Trends:
Healthcare Sector is Witnessing Significant Growth
- The massive adoption rate of Artificial Intelligence (AI) has been used to focus on customer satisfaction with the introduction of ChatBots. Healthcare service providers are continuously partnering with ChatBot companies to assist the patients better. The average number of patient spends about 30 minutes trying to find out the right service that their local hospital can provide, and the average nurse spends 1 hour a day trying to connect to the right doctor.
- Chatbots are being used by leading health systems to facilitate a fully conversational discovery of their services and enable seamless scheduling for their patients. With similar ease, providers are now able to track specialists and set up referrals through a single conversation with the help of conversational AI agents. For instance, Gyant chatbot asks patients to understand their symptoms and then sends the data to doctors, who provide diagnoses and prescribe medicine in real-time.
Asia-Pacific to Witness the Highest Growth
- In the Asia-Pacific region, there are numerous startups investing in chatbot and machine learning technology. Additionally, small- and mid-sized enterprises are rapidly integrating the usage of chatbots in their customer service process, which offers seamless performance, handling many consumers, and enhancing the customer-engagement techniques. In July 2019, Floatbot created an artificial intelligence (AI) chatbot for Andhra Bank for its core banking servers to support its 50 million customers. It is designed to provide digital engagement and automated customer support, that went through a rigorous testing process involving more than 50,000 queries.
Investigator Observers Strong Growth in Specific Regions:
- Europe Market (Germany, UK, France, Russia, Italy)
- Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
- South America Market (Brazil, Argentina, Colombia)
- North America Market (United States, Canada, Mexico)
- Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Chatbot Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Chatbot Market (%),2016 - 2026
- Chatbot Market Share, By Brand
- Chatbot Market Share, By Company
- Chatbot Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Chatbot Market Value Analysis & Forecast
- Promising Chatbot Development by Major Companies
- Detailed Chatbot Portfolio of the Major Companies
- Major Deals in the Chatbot Market
- Major Companies Analysis
Browse Full Report at:
https://www.marketinsightsreports.com/reports/02082592379/chatbot-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=namita
We Offer Customization on Report Based on Specific Client Requirement:
- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
Contact Us:
Irfan Tamboli (Head of Sales) - Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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