openPR Logo
Press release

Increased Prominence of Messaging Applications to Drive Global Chatbot Market

10-16-2017 12:14 PM CET | IT, New Media & Software

Press release from: Arizton Advisory & Intelligence

Chatbot Market Analysis by Arizton Advisory & Intelligence

Chatbot Market Analysis by Arizton Advisory & Intelligence

Messaging applications, including WhatsApp, Facebook Messenger, WeChat, Snapchat, and others are the most preferred means of communication on mobile devices. It is estimated that about 8.5 trillion messages will be sent through various messaging applications in 2017

A recent report by Arizton Advisory and Intelligence titled Chatbot Market – Global Outlook and Forecast 2017–2022 states that the increased use of messaging application has a positive impact on the growth of the global chatbot market and is one of the major factors driving the market growth.

View report: Chatbot Market – Global Outlook and Forecast 2017–2022

Analysts at Arizton state that chatbots as a component of messaging have become important and will become increasingly popular as their capabilities expand and evolve. They provide businesses and brands a personalized engagement with consumers through a channel, which is already known, messaging. While most of the industry conversation about chatbots is focused on customer services and e-commerce, it also provide functionality to forge increasingly personal conversations with consumers on various levels. These bots can run a gamut of activities ranging from conversational to experimental, leveraging other forms of interaction which consumers are accustomed to forming the application world. The chatbot integration into messaging applications provides the desired stickiness and brand benefits for enhanced communication with the consumer.

Some of the capabilities of chatbots with the messaging function applications include personal connection, discovery, curation, online to offline and utility. Chatbots provide personalized one-to-one conversations and facilitate new mobile experiences all in one place from gaming to the discovery of new interests and connecting people with common interests. These bots cut through the clutter and provide consumers informed answers to questions. Artificial Intelligence (AI) improves bots to get smarter and provides tailor-made services. They can also be connected directly from online to offline experiences, leveraging the scan codes. Chatbots also help users to get things done more efficiently without even downloading any new applications.

Need for Optimization of Customer Management Costs

Chatbots may not be an invention, but with improving automation technology, many companies across the world are incorporating them into their customer management strategies. Earlier chatbots capabilities were limited, however, with the integration of AI capabilities, they have become a service software. It is estimated that about 8.5 trillion messages will be sent through various messaging applications in 2017 with 88% of them will be read in less than 3 minutes, indicating the conversational nature of interactions. This indicates the customer’s preference for messaging applications and drives the companies to use chatbots on these platforms to improve the customer experience.

The report provides a holistic view of the global chatbot market scenario and explains the top trends and opportunities, growth driving factors and also the market restraints. It also includes the geographic analysis of the global chatbot market and also profiles the leading as well as other prominent vendors.

View Report Details: Chatbot Market – Global Outlook and Forecast 2017–2022

Related Reports

1) Smart Home Hub Market - Global Outlook and Forecast 2017-2022

2) Smart Voice Assistant Speaker Market - Global Outlook and Forecast 2017-2022

About Arizton
Arizton – Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.

Arizton has gained a paramount standpoint in the market research arena as it offers top of the line solutions to clients to assess market landscape and to finalize foolproof business strategies. We are committed to provide inclusive market research reports and consulting services to clients from diversified industries including –Consumer Goods & Retail Technology, Automotive and Mobility, Smart Tech, Healthcare and Lifesciences, Industrial Machinery, Chemicals and Materials, IT and Media, Logistics and Packaging

Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.

Arizton Advisory & Intelligence
Chicago, Illinois, 60605
Call: +1-312-465-7864

This release was published on openPR.

Permanent link to this press release:

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 Increased Prominence of Messaging Applications to Drive Global Chatbot Market here

News-ID: 774832 • Views: 149

More Releases from Arizton Advisory & Intelligence

Nurse Call Systems Market Size to Reach USD 2.7 Billion by 2025 – Arizton
The global nurse call systems market by revenue is expected to grow at a CAGR of over 11% during the period 2019–2025. The global nurse call systems market will grow at an absolute growth of over 91% during the forecast period. The market is growing due to the increasing elderly population, which increases the risk of chronic respiratory diseases, hypertension, CVD, diabetes, and other diseases. This patient population requires assistance to
APAC to Drive Pest Control Services Market by 2025 | Arizton
Anticimex, Ecolab, Rentokil Initial, Rollins, Terminix, Truly Nolen, and Massey Services Inc. are identified as prominent vendors in the global pest control market Arizton’s recent research report on pest control market provides comprehensive industry analysis, trend forecasts, and competitive analysis. The study includes insights by pest types (general pest control and termite control), applications (residential, commercial, industrial, and other sectors), control method type (chemical, mechanical, and other methods), and geography (North
APAC Hyperscale Data Center Market Size to Reach over USD 33 Billion by 2025 – …
The APAC hyperscale data center market by revenue is expected to grow at a CAGR of close to 4% during the period 2020–2025. The market is witnessing steady growth with continued investments from colocation and cloud service providers. Continued investments from colocation and cloud service providers such as AWS, Microsoft, Google, and Alibaba are major hyperscale data center trends that will drive the industry growth. China and India are the sought-after
U.S. Electronic Health Record Market to Grow at a CAGR of over 6% during the For …
The governments across the world are investing and funding in the US electronic healthcare record market due to the rising need for the improvement in the healthcare industry. According to the latest Arizton's market research report, the U.S. electronic health records market size to cross USD 10 billion by 2025, growing at a CAGR of 6% during the forecast period. U.S. Electronic Health Record (EHR) Market Growth The benefits offered by the in-house

All 5 Releases

More Releases for Chatbot

Chatbot Market to See Strong Investment Opportunity
The "Global Chatbot Market Is Set For A Rapid Growth And Is Expected To Reach Around USD 2,166.28 Million by 2024", report intends to offer a resourceful means to assess the Chatbot Market and entails the all-inclusive analysis and upfront statistics with regards to the market. This new report is committed fulfilling the requirements of the clients by giving them thorough insights into the market. The Chatbot Market report, titled
42Gears Introduces Self Service ‘DeepThought’ Chatbot
42Gears Mobility Systems, a leading Unified Endpoint Management solution provider positioned as a Visionary in the Gartner Magic Quadrant 2018, announces that it has launched a Self Service Chatbot for enterprise end users. 42Gears has extended its ‘DeepThought’ engine, a virtual assistant chatbot, to function as a self-service portal for end users. The Self Service chatbot allows end users to perform actions on their enrolled devices, which would otherwise have launches Hotel specific Chatbot announces general availability of its multi-tenant hotel chatbot. Since February this year the hotel focussed chatbot was available in beta and during this period more than 50 hotels and banquet halls deployed the bot on their websites. James Prince, product lead at Bookbotby says “during the beta program the bot answered 1000+ guest interactions a day and generated 3000 ++ transactions for the 50 early hotels who deployed the
Chatbot : Opportunities to Reach better Target Audience
Chatbots is a computer program which conducts a discussion via auditory or documented methods. These programs are often designed to influentially simulate how a human would behave as a conversational partner, thereby passing the Turing test. Chatbots are basically used in dialog systems for various practical purposes including customer service or information acquisition. Some chatterbots use sophisticated natural language processing systems, but many simpler systems scan for keywords within the
Hidden Brains Launches Chatbot Development Services
Hidden Brains, India-based leading Enterprise Solutions Company launched Chatbot Development services for its clients across 107 countries across the globe. With core focus on capitalizing on emerging technologies, Hidden Brains team has taken step in exploring chatbot and its real-world implementation across different industries. Launch of Chatbot development services is expected to drive growth, improve customer experiences, and increase agility/productivity of business. Chatbots can assist customers in factual
Chatbot Market 2017 And Its Huge Success
Chatbots Market research report helps to get access to industry data and upcoming trends which will give you avenues to know about the market. This report gives opportunities to go through with industry analysis, share and forecast, Providing brief description about the market size its competitors and product identification. In this report, the global Chatbots market is valued at USD XX million in 2016 and is expected to reach USD