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Bot Services Market 2023 - Market Size, Trend Analysis, Share, Competitive Analysis, And Forecast To 2032
Bot Services Market Analysis
The Business Research Company's Bot Services Global Market Report 2023 identifies increase in usage of bots in various sectors as the major driver for the bot services market's growth in the forecast period. Bots are run through software that replicates human-like discussions with people via text messages, video, or audio. Due to the involvement of such bot automation processes in multiple industries to cut operational costs and increase employee efficiency, the demand for bot services has increased as they automate certain tasks and can run without specific human instructions.
The global bot services market size is expected to grow from $2.23 billion in 2022 to $2.99 billion in 2023 at a compound annual growth rate (CAGR) of 34.0%. 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 bot services market is expected to grow to $12.94 billion in 2027 at a CAGR of 34.1%.
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Major competitors in the bot services market are Microsoft Corporation, International Business Machines Corporation, Meta Platforms Inc., Amazon Web Services, Nuance Communications Inc., Aspect Software.
A key trend in the bot services market includes technological advancement. Major companies operating in the bot services market are focused on developing new technological solutions such as artificial intelligence (AI), natural language processing (NLP), and voice-activation technology to strengthen their market position. For instance, in May 2022, LogicHub, a US-based computer and network security company, launched AuDRA (Autonomous Detection & Response Assistant), the first AI threat hunting bot. This AI-powered threat hunting bot detects threats, anomalies, and attacks from an infinite number of security events across network, cloud, endpoint, and hybrid data sources.
Read More On The Global Bot Services Market Report Here:
https://www.thebusinessresearchcompany.com/report/bot-services-global-market-report
The bot services market is segmented -
1) By Type: Text, Audio, or Video
2) By Service: Framework, Platform
3) By Deployment: Social, Media, SMS, Website, Cloud
4) By End-User: BFSI, Retail, Healthcare, Media & Entertainment, Telecom, Travel, Government
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the bot services market.
The Business Research Company's "Global Bot Services Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Bot Services Market Include:
1. Executive Summary
2. Bot Services Market Characteristics
3. Bot Services Market Trends And Strategies
4. Bot Services Market - Macro Economic Scenario
5. Bot Services Market Size And Growth
……….
26. Africa Bot Services Market
27. Bot Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Bot Services Market
29. Bot Services Market Future Outlook and Potential Analysis
30. Appendix
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