DUBLIN--(BUSINESS WIRE)--The "Chatbot Market Analysis by End User, by Application/Business Model, by Type, by Product Landscape, by Vertical, by Region (North America, Europe, APAC, MEA) and Segment Forecasts, 2014 - 2025" report has been added to Research and Markets' offering.
The global chatbot market is expected to reach USD 1.25 billion by 2025, growing at a CAGR of 24.3%.
The chatbot industry is expected to witness significant growth over the forecast period as they enable enterprises to substantially reduce operating costs. Additionally, innovations in artificial intelligence and machine learning technologies are likely to enhance the features of chatbots, which acts as a major driver for the market.
A significant rise has been observed in the number of users of messaging services, which is expected to surpass the number of users of social networking sites. Additionally, there has been a significant development in the NLP field, which has resulted in streamlined interactions between computers and human languages. The entire chatbot ecosystem comprises various cross-linking features, which facilitates enhanced performance of chatbots in all application. Most companies prefer in-built chatbots on their websites as they facilitate enterprises in providing instant customer interaction. For instance, Slack and Twitter messaging platforms are preferred by majority businesses.
Companies Mentioned
- Baidu
- Poncho
- Kik
- Varo Money Inc.
- Babylon Health
- ReplyYes
- SRI International
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Industry Outlook
Chapter 4 Chatbot: End-User Estimates & Trend Analysis
Chapter 5 Chatbot: Application/Business Model Estimates & Trend Analysis
Chapter 6 Chatbot: Type Estimates & Trend Analysis
Chapter 7 Chatbot: Product Landscape Estimates & Trend Analysis
Chapter 8 Chatbot: Vertical Estimates & Trend Analysis
Chapter 9 Chatbot: Regional Estimates & Trend Analysis
Chapter 10 Competitive Product landscape
For more information about this report visit https://www.researchandmarkets.com/research/x88slg/chatbot_market
