Press release
Retail Chatbot Market Size 2024: Global Share, Industry And Report Analysis By 2031 |JioHaptik Technologies Ltd. LivePerson, Inc. OpenAIOpCo, LLC.
Retail chatbot market is anticipated to grow at a significant CAGR of 19.5% during the forecast period (2024-2031). A retail chatbot is a specially designed software program that simulates human conversation while interacting with potential and existing customers. It uses Artificial intelligence (AI), Machine Learning (ML) and Natural Language Processing (NLP) to provide customers with personalized care and help recreate an in-person buying experience. As reported by the Center for insurance policy and research, by 2023, chatbot market is expected to reach $1.2 billion globally.Get Free Sample link @ https://www.omrglobal.com/request-sample/retail-chatbot-market
Simultaneously, major players are trying to optimize chatbot technology to create an omni-channel presence along with conversational commerce for improved customer connections and to drive business. For instance, H&M, the Swedish multinational clothing retailer, is using virtual assistants, chatbots, and live chat by integrating these technologies with Google services to reduce the workload on customer service representatives, improve the customer experience, and collect customer data and insights. Also, Sephora (a French retail firm) has managed to maintain its global presence using its chatbot, Ora. Enhancing the customer experience by providing personalized or customized product recommendations and ordering through the chatbot.
full report of Retail Chatbot Market available @ https://www.omrglobal.com/industry-reports/retail-chatbot-market
• Market Coverage
• Market number available for - 2024-2031
• Base year- 2024
• Forecast period- 2024-2031
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others
Global Retail Chatbot Market Report Segment
By product type
• Rule-based chatbots
• Interactive Chatbots
By Application
• Websites
• Contact Centers
• Social Media
• Mobile App
By use case
• Customer support
• Product recommendations
• Tracking and notifications
• Loyalty programs and offers
• Feedback
By Deployment
• On premises
• Cloud
By Components
• Platform/SDK kit
• Services
Global Retail Chatbot Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East and Africa
The Report Covers
• Market value data analysis of 2023 and forecast to 2031.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global retail chatbot market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/retail-chatbot-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
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