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Chatbot Market Revenue for Technology, Products, Applications and Forecasts to 2025

Communication Technology Services

Updated on Jan 14, 2019

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The global chatbots market size was valued at USD xxx.x million in the historical year (2017) and is expected to reach at USD xxxx.x million by the end of 2025, mounting at a CAGR of xx.x % over the forecast period (2018 – 2025). Some of the key factors propelling the demand for Chatbot market growth include growing internet penetration, booming demand for smart customer engagement, robust need for understanding consumer behavior as well as embracing cloud-based technology.

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Global Chatbots market has been segmented based on types, organization size and geography. Further, type segment has been bifurcated into web-based, standalone and messenger-based/third party. The standalone division of the segment is anticipated to dominate with highest Chatbots market share in upcoming years.

Likewise, organization size of the global market of Chatbots has been categorized into medium enterprises, large enterprises and small enterprises. The large enterprise segment registered for the major market share in 2017 due to its extensive usage in these enterprises. Moreover, this segment is likely to account for the highest Chatbots market share over the forecast spell. On the other hand, medium-size enterprises division is projected to develop with substantial CAGR in future foresee.

Geographical segment of the chatbot market segregates it into several key regions covering Asia Pacific, North America, Latin America, Europe and Middle East & Africa. North America region acquires for the major market share across the globe, registering the value at US$ xx.x million in 2017 and is anticipated to maintain its dominance till the end of forecast period in terms of growth rate and demand.

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However, Asia Pacific region is also projected to exhibit the growth at highly promising CAGR over the forecast spell. Growth in demand of the regional market is attributed to growing ICT infrastructure in key economies of the region including India and China. Furthermore, prevailing substantial as well as increasing population of smart phone consumers is the region form an extremely encouraging consumer pool for the chatbot market of Asia Pacific region, particularly for applications like personalized assistance applications.

Some of the key players operating in the competitive landscape of chatbot market across the world include Imperson Ltd., Helpshift, Astute Solutions, Haptik Inc., Facebook Inc., Pandorabots Inc., Kiwi Inc., Google Inc., Kasisto Inc., ToyTalk (PullString Inc.), Yahoo Inc., Slack Technologies Inc. and Microsoft Corporation.

Key segments of the global chatbot market include:

Type segment

Mobile application
Organization size segment

Small Enterprises
Medium Enterprises
Large Enterprises
Geographical Segment

North America

The U.S.

The UK
Asia Pacific

South Korea
Latin America

Rest of South America
Middle East & Africa

What to expect from the upcoming report on ‘Global Chatbots Market’ analysis:

- chatbot industry trends as well as global Chatbotsmarket analysis over the forecast period (2018-2025)

- Information regarding technological progressions as well as innovations taking place in developing as well as developed economies and also various macro & microeconomic factors that affect the growth of the market.

- Supportive initiatives by government likely to influence the market dynamics.

- Key drivers influencing market’s growth, opportunities, restraints, sales channels and distributors.

- In-depth analysis of different market segmentations including types, organization size and geographical regions.

- Deep analysis about the competitive landscape of the market and the initiatives by them to improve this market such as expansions, growth strategies, agreements, new product launches and acquisitions in the market

- Value Chain and Sales Channels Analysis

Who should buy this report?

- Report is especially designed for Venture capitalists, Investors, financial institutions, Analysts, Government organizations, regulatory authorities, policymakers, researchers, strategy

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About Us:

Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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