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Artificial Intelligence (AI) Chatbot Market Size, Share, Trends Analysis, And Forecast To 2033
Artificial Intelligence (AI) Chatbot Market
As per the report, the artificial intelligence (AI) chatbot market size has grown exponentially in recent years. It will grow from $6.65 billion in 2023 to $8.6 billion in 2024 at a compound annual growth rate (CAGR) of 29.2%. The artificial intelligence (AI) chatbot market size is expected to see exponential growth in the next few years. It will grow to $24.08 billion in 2028 at a compound annual growth rate (CAGR) of 29.4%.
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What Is Driving The Growth Of The Global Artificial Intelligence (AI) Chatbot Market?
Rising Demand For Automated Services Fuels Growth In The AI Chatbot Market
The rising demand for automated services is expected to propel the growth of the AI chatbot market going forward. Automated services refer to processes, tasks, or systems that operate and perform functions with minimal human intervention, relying on automation technologies, algorithms, and artificial intelligence to execute predefined actions or workflows. Companies leverage automation services for faster service and maintain a competitive edge by adopting new technologies and processes. AI chatbots are virtual assistants powered by artificial intelligence (AI) that can automate various tasks and services. This allows companies to handle routine tasks, provide real-time support, and contribute to a more seamless and responsive customer experience
What Is The Key Trend In The Global Artificial Intelligence (AI) Chatbot Market?
Innovative Technologies And Market Developments In The AI Chatbot Industry
Major companies operating in the artificial intelligence (AI) chatbot market are focused on developing innovative technologies, such as advanced GPT-4 technology, to enhance chatbot capabilities in understanding and generating more nuanced and contextually relevant responses. GPT-4 is the fourth generation of OpenAI's generative pre-trained transformer (GPT) model. GPT-4 represents a significant advancement in natural language processing and artificial intelligence technology.
How Is The Global Artificial Intelligence (AI) Chatbot Market Segmented?
The artificial intelligence (AI) chatbot market covered in this report is segmented -
1) By Offering: Solution, Services
2) By Deployment: Cloud, On-Premise
3) By Application: Website, Contact Centers, Social Media, Mobile Applications
4) By Industry Vertical: Banking Financial Services And Insurance (BFSI), Retail And E-commerce, Information Technology And Telecom, Healthcare, Media And Entertainment, Other Industry Verticals
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How Is The Competitive Landscape Of The Global Artificial Intelligence (AI) Chatbot Market?
Major companies operating in the artificial intelligence (AI) chatbot market are Google LLC, Microsoft Corporation, Amazon Web Service, International Business Machines Corporation, SAP SE, NVIDIA Corporation, OpenAI Inc., Ada Support Inc., LivePerson Inc., Acuvate Software, Gupshup Technology India Private Limited, Aivo Corporation, Inbenta Technologies Inc., Nuance Communications Inc., Chatfuel LLC, Botsify Inc., SmartBots.ai, Rasa Technologies GmbH, Artificial Solutions International AB, Botpress Inc., LogMeIn Inc., and Saarthi.ai.
Contents Of The Global Artificial Intelligence (AI) Chatbot Market
1. Executive Summary
2. Artificial Intelligence (AI) Chatbot Market Report Structure
3. Artificial Intelligence (AI) Chatbot Market Trends And Strategies
4. Artificial Intelligence (AI) Chatbot Market - Macro Economic Scenario
5. Artificial Intelligence (AI) Chatbot Market Size And Growth
…..
27. Artificial Intelligence (AI) Chatbot Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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