DUBLIN--(BUSINESS WIRE)--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.
- Anboto Group
- Astute Solutions
- CX Company
- Creative Virtual
- eGain Corp.
- Haptik Inc.
- Kasisto Inc.
- Next IT Corp.
- Nuance Communications Inc.
- Synthetix Ltd.
- True Image Interactive
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