Global Chatbot Market 2017-2022: Expected to Save Up to 30% of Manpower Costs - Research and Markets

DUBLIN--()--The "Global Chatbot Market - Strategic Assessment and Forecast 2017-2022" report has been added to Research and Markets' offering.

The chatbot revolution often draws a parallel to robotic automation as it is cited to save as much as 25-30% on manpower costs over the next decade. Analysts expect that the global chatbot market is likely to post a CAGR of more than 28% during 2016-2022.

The market over the forecast period will be majorly driven by high awareness about the benefits of bots and the rise of innovative test cases for their implementation. While developed countries are increasingly relying on automation to better mitigate their dependence on developing countries for cheap manpower, developing countries are focusing on upgrading their skillsets for existing jobs. Chatbots are recognized as ideal tools, facilitating the same as they enable the automation of routine support activities, while allowing the resource to focus on intelligent algorithms incorporating machine learning.

The report includes a detailed study of emerging trends, factors driving the growth, and expected challenges of the market during the period 2017-2022. The open-source ecosystem driving innovation and adoption and active support from Facebook, Microsoft and Google to drive down development costs are among the latest trends which are likely to drive the market in the next five years.

In addition, there is a major shift from rule-based to AI-based implementation, which will drive the market. Similarly, progressive growth in natural language processing, increased prominence of messaging applications, and the need for optimization of customer management costs are among the driving factors that are likey to catalyze the market.

Companies Mentioned

  • Anboto Group
  • Astute Solutions
  • CX Company
  • Creative Virtual
  • eGain Corp.
  • H-Care
  • Haptik Inc.
  • Helpshift
  • Inbenta
  • Kasisto Inc.
  • Next IT Corp.
  • Nuance Communications Inc.
  • Synthetix Ltd.
  • True Image Interactive
  • Viclone

Key Topics Covered:

Section 1 Research Methodology

Section 2 Executive Summary

Section 3 Report Coverage

Section 4 Introduction

Section 5 Key Market Trends

Section 6 Key Market Drivers

Section 7 Key Market Challenges

Section 8 Global Chatbot Market

Section 9 Chatbot Market by End-user

Section 10 Chatbot Market by Type

Section 11 Chatbot Market by Interface

Section 12 Segmentation by Geography

Section 13 Chatbot Market in APAC

Section 14 Chatbot Market in Europe

Section 15 Chatbot Market in MEA

Section 16 Chatbot Market in North America

Section 17 Chatbot Market in Latin America

Section 18 Competitive Landscape

Section 19 Key Vendor Analysis

Section 20 Other Prominent Vendors

For more information about this report visit https://www.researchandmarkets.com/research/7vmgj7/global_chatbot

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Internet and E-Commerce, Natural Language Processing

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Internet and E-Commerce, Natural Language Processing