Press release
Global Chatbot Market To Be Driven By Thriving E-Commerce Sector In The Forecast Period Of 2022-2027
The report tracks the newest trends within the industry and studies their impact on the general market. It also assesses the market dynamics, covering the key demand and price indicators, along side analysing the market based on the SWOT and Porter's Five Forces models.
Get a Free Sample Report with Table of Contents - https://www.expertmarketresearch.com/reports/chatbot-market/requestsample
The key highlights of the report include:
Market Overview (2017-2027)
• Forecast CAGR (2022-2027): 24.9%
North America is expected to hold a significant share of the chatbot market in the forecast period. The increased use of chatbot services by various companies in the region across various industry verticals can be attributed to this growth. As chatbots improve both customer satisfaction as well as overall operational efficiency, they are increasingly being used for routine customer service applications.
The steady growth is due to the increasing presence of major industry players in the region, which is leading to increased investments in chatbot technology research and development. In the forecast period, these factors are expected to catalyse the growth of the chatbot industry.
Industry Definition and Major Segments
A chatbot, as the name implies, is a software application that conducts online chat conversations with a person using artificial intelligence and natural language processing. These dialogue systems are primarily used by businesses to improve customer service because they provide immediate automated responses and personalise the experience.
There are rule-based chatbots, for example, that respond to pre-defined questions such as frequently asked questions. AI chatbots, on the other hand, learn from human behaviour over time and can predict future interactions and provide relevant information.
Read Full Report with Table of Contents - https://www.expertmarketresearch.com/reports/chatbot-market
The chatbot industry can be segmented on the basis of product type, application, end-use and product landscape.
On the basis of type:
• Standalone
• Web Based
• Messenger Based/Third Party
On the basis of product landscape:
• Artificial Intelligence
• Marketing
• Human Intelligence
On the basis of application:
• Bots for Service
• Bots for Social Media
• Bots for Payments/Order Processing
• Bots for Marketing
• Others
On the basis of end use:
• Healthcare
• Retail
• Banking Financial Services and Insurance (BFSI)
• Media and Entertainment
• Travel and Tourism
• E-commerce
• Others
Market Trends
Artificial intelligence (AI), which is used to focus on customer satisfaction, has seen a massive adoption rate thanks to the introduction of chatbots. Healthcare providers are constantly collaborating with chatbot companies in order to better assist patients. The average patient spends about 30 minutes looking for the right service at their local hospital, and the average nurse spends one hour per day trying to connect with the right doctor.
Leading health systems are utilising chatbots to allow for fully conversational discovery of their services as well as seamless scheduling for their patients.. With the help of conversational AI agents, providers can now track specialists and set up referrals in a single conversation with similar ease.
In the Asia-Pacific region, a lot of startups are investing in chatbots and machine learning technology. Furthermore, small and mid-sized businesses are rapidly integrating chatbots into their customer service processes, which provides seamless performance, handles a large number of customers, and improves customer engagement techniques.
The market is expected to expand further in the region as the leading economies, such as China and India, rapidly expand their information and communications technology infrastructures. The region's large population and rising smartphone adoption are creating a highly promising consumer pool for chatbots, particularly for applications like personal assistance.
Key Market Players
The major players within the market are [24]7.ai, Inc, Aivo LLC, Artificial Solutions International AB, Botsify Inc, Creative Virtual Private Limited, Inbenta Technologies Inc., IBM Corporation, eGain Corporation and others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of those market players.
Read more:
South Korea Cosmetics Market- https://www.expertmarketresearch.com/reports/south-korea-cosmetics-market
South Korea Colour Cosmetics Market- https://www.expertmarketresearch.com/reports/south-korea-colour-cosmetics-market
Lithium-Ion Battery Manufacturers: https://www.expertmarketresearch.com/articles/top-lithium-ion-battery-companies
Hypervolt plus Cordless Vibration Massager Market: https://www.expertmarketresearch.com/reports/hypervolt-plus-cordless-vibration-massager-market
South Korea Coffee Market- https://www.expertmarketresearch.com/reports/south-korea-coffee-market
South Korea Bamboo Market- https://www.expertmarketresearch.com/reports/south-korea-bamboo-market
Wireless Speakers Market- https://www.expertmarketresearch.com/reports/wireless-speakers-market
Latin America Veterinary Vaccines Market- https://www.expertmarketresearch.com/reports/latin-america-veterinary-vaccines-market
Veterinary Vaccines Market- https://www.expertmarketresearch.com/reports/veterinary-vaccines-market
Europe Hose and Tubing Market- https://www.expertmarketresearch.com/reports/europe-hose-and-tubing-market
Media Contact
Company Name: Claight Corporation
Contact Person: Ana John, Business Consultant
Email: sales@expertmarketresearch.com
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com
About Us:
Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.
EMR customises syndicated reports according to clients' requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.
Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Chatbot Market To Be Driven By Thriving E-Commerce Sector In The Forecast Period Of 2022-2027 here
News-ID: 2783873 • Views: …
More Releases from Expert Market Research
Bed and Bath Linen Market Trends, Growth & Forecast 2025-2034
The global bed and bath linen market is witnessing strong growth due to increasing consumer focus on home décor, comfort, and luxury. Rising disposable incomes, urbanization, and the booming hospitality sector are further boosting demand for premium-quality bed sheets, pillowcases, towels, and bathrobes. Technological innovations in fabrics, such as antimicrobial, wrinkle-resistant, and sustainable textiles, are shaping consumer preferences. In addition, the expansion of online distribution channels has made luxury and…
Global Fruit Juice Market Size, Report and Forecast 2025-2034
The latest report from Expert Market Research titled, "Global Fruit Juice Market Size, Report and Forecast 2025-2034," offers a comprehensive analysis of the global fruit juice market, examining it across various segments such as types, flavours, distribution channels, and key regions.
The report identifies and tracks the latest trends shaping the industry and evaluates their impact on the overall market dynamics. It also provides a thorough assessment of the market, covering…
Global Fluorspar Market Forecast 2025-2034: Growth, Trends, and Key Insights
According to the latest report by Expert Market Research (EMR), the global Fluorspar Market Size is projected to grow at a CAGR of 5.60% between 2025 and 2034. The market is expected to experience significant growth by 2034, driven by the increasing demand for fluorspar across industries such as manufacturing, chemicals, and metallurgy.
Fluorspar, also known as fluorite, is a key industrial mineral composed of calcium fluoride (CaF2). It is crucial…
Why will smart pulse oximeters market hit $3.50Bn by 2034?
smart pulse oximeters market Overview
The smart pulse oximeters market has become a pivotal part of modern healthcare infrastructure, especially in the wake of increasing cardiovascular and respiratory ailments. These technologically enhanced devices measure blood oxygen saturation and pulse rate, often offering wireless connectivity to mobile apps for better health tracking. Their growing application in hospitals, ambulatory settings, and home healthcare environments reflects the market's evolving dynamics. Key drivers include the…
More Releases for Bots
Incture Bots Now Available on SAP® Store
Incture Technologies Private Limited today announced that three of its bots - Monitoring and Health Checks, Ecommerce Site Price Comparison, and PDF Extraction of Invoice Data and Database Upload - are now available on SAP® Store, the online marketplace for SAP and partner offerings. The bots are built on SAP Business Technology Platform with SAP Intelligent Robotic Process Automation. SAP Intelligent RPA is now part of SAP Process Automation, a new solution covering the entire Process Automation…
Co-bots Market 2022 | Detailed Report
ReportsnReports publishes the report titled Co-bots that presents a 360-degree overview of the market under one roof. The report is developed with the meticulous efforts of an enthusiastic and experienced team of experts, analyts, and researchers that makes the report a valuable asset for stakeholders to make robust decisions. This report also provides an in-depth overview of product type, specification, technology, and production analysis considering vital factors like cost, gross…
Global Social Media Bots Market Analysis (2020-2025)
Global Info Research offers a latest published report on Social Media Bots Analysis and Forecast 2020-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. This report focuses on the key global Social Media Bots Concentrate players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
Click to view the full report TOC, figure…
3 Ways AI Bots Can Improve Your Marketing Automation Efforts
Marketing automation has helped to connect customers to product and services provided by companies and helped those same companies to streamline their marketing efforts allowing them to spend less time on operational execution and more on strategy and storytelling. There are lots of marketing automation programs available that now help marketers and business organize, optimize, and automate their campaign elements.
One tech element that can help automation efforts but doesn’t get…
Co-bots Market will reach 4500 million US$ in 2023
New report published by Global Info Research which offers insights on the global Co-bots market.
Collaborative robot (Cobots) is a robot intended to physically interact with humans in a shared workspace. In addition, a collaborative robot is less bulky and much easier to operate than other equipment when loads between 50 and 100 kilos must be handled. This is in contrast with other robots, designed to operate autonomously or with limited…
AI+BOTS World: l’intelligenza artificiale incontra le aziende utenti più inno …
Milano, 16 luglio 2018. Un imperdibile evento il 27 settembre 2018 a Milano, che intende fare chiarezza presentando progetti concreti, analizzando le best practices ed individuando le soluzioni applicative disponibili da subito in ambito Artificial Intelligence, Chatbot, Machine Learning e Cognitive Computing nei diversi settori verticali come: retail, banking, energy, healthcare, manufacturing e mobility.
Creato e organizzato da Innovability - sin dal 2002 azienda creatrice di appuntamenti B2B dedicati alle tecnologie…
