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Chatbot Global Market Size, Share Analysis, Growth, Trends And Industry Forecast 2023-2032
Chatbot Global Market Report
Chatbot Market Size, Growth Rate, And Forecast:
The global chatbot market size grew from $5.44 billion in 2022 to $6.92 billion in 2023 at a compound annual growth rate (CAGR) of 27.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The chatbot market size is expected to grow to $18.11 billion in 2027 at a CAGR of 27.2%.
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Chatbot Market Drivers:
The rising adoption of smartphone users is expected to propel the growth of the chatbot market going forward. A smartphone is an electric device that provides a connection to a cellular network. Chatbots can simulate a conversation with the user in natural language through websites, messaging applications, or mobile apps. On mobile phones, chatbots can provide virtual assistance for various needs of the user.
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Chatbot Market Segments
•By Type: Text, Voice, Hybrid
•By Component: Solution, Services
•By Platform: Standalone, Web-Based, Messenger-Based or Third Party
•By Deployment: On-Premise, Cloud
•By End-User: BFSI, Healthcare, IT and Telecommunication, Retail, Travel and Hospitality, Other End-Users
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Chatbot market.
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Chatbot Market Key Players:
Major competitors in the chatbot market include International Business Machines Corporation (IBM), Microsoft Corporation, Google LLC, Amazon Web Services Inc., Nuance Communications Inc., Creative Virtual, Artificial Solutions, Inbenta, Next It Corp., Aivo, Conversica, LiveChat, Gupshup, Contus, SmartBots, Yellow Messenger, Kevit, eGain Corporation, Helpshift, Oracle, ServiceNow, Personetics, MindMeld, CogniCor, Yekaliva, Pypestream, Acuvate, Botsify Inc., Astute Solutions, and Haptik Inc.
The Business Research Company's "Global Chatbot Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Chatbot Market Include:
1. Executive Summary
2. Chatbot Market Characteristics
3. Chatbot Market Trends And Strategies
4. Chatbot Market - Macro Economic Scenario
5. Chatbot Market Size And Growth
....
26. Africa Chatbot Market
27. Chatbot Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Chatbot Market
29. Chatbot Market Future Outlook and Potential Analysis
30. Appendix
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