Chatbot Market to See Strong Expansion Through 2028

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Stratview Research delivers key insights on the global Chatbot Market. According to Stratview Research, the market is segmented By Product (Artificial intelligence, Marketing, Human intelligence), By Type (Standalone, Web-based, Messenger-based/Third party) By Deployment Mode (On-premise, Cloud) By End-use (Healthcare, Retail, Banking, Financial Services, and Insurance (BFSI), Media and entertainment, Travel & Tourism, E-commerce, Others), and Rest of the World [Brazil, Argentina, and Others]).

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Market Insights

The report suggests that the overall Chatbot Market was estimated to grow from USD 3.43 billion in 2021 to USD 14.47 billion by 2028 at a CAGR of over 22.8% during the forecast period.

Market Segments' Analysis

Product Trends

The market has been classified into Artificial intelligence, Marketing, Human intelligence. Under these, Marketing segment held a significant market share nearly 56.0% in 2021 and is projected to grow at a robust CAGR in the coming years.

Type Trends

The market has been classified into Standalone, Web-based, Messenger-based/Third party. Under these, Standalone segment held a significant market share of more than 54.5% in 2021 and is projected to grow at a robust CAGR in the coming years.

End-use Trends

The market has been classified into Healthcare, Retail, Banking, Financial Services, and Insurance (BFSI), Media and entertainment, Travel & Tourism, E-commerce, Others. The E-commerce segment accounted for the largest market share of more than 19.0% in 2021

Key Players

The following are some of the key players in the chatbot market:

  • Google (US)
  • AWS (US)
  • Nuance (US)
  • Oracle (US)
  • Creative Virtual (UK)
  • Artificial Solutions (Spain)
  • Kore.ai (US)
  • Inbenta (US)
  • [24]7.AI (US)

FREQUENTLY ASKED QUESTIONS

The report answers several questions related to the market. The user can get to know the answers to the following questions…

-          What is the global demand for chatbot market in terms of revenue?

-          Which are the prominent players in the market?

-          At what CAGR is the market projected to grow within the forecast period?

-          What are the driving factors fuelling the growth of the market?

-          Which region accounted for the largest share in the market?

-          How did the Covid19 impacted the market?

-          How long will it take to recover from the Covid impact?

Why Stratview Research?

-          Exhaustive qualitative and quantitative data

-          Uninterrupted post-sales support

-          Appropriate market trend and forecast analysis.

-          All-inclusive report

-          Decent price-performance ratio

-          Reliable data

-          Attractive market segments and associated growth opportunities.

-          Customised report services

About Us –

Stratview Research is a leading global market research firm providing expert research solutions, trusted by clients worldwide. To keep our clients ahead of the curve, we provide data backed by extensive market research and in-depth industry knowledge. The broad spectrum of integrated insights is referred to, and cited by press releases, interview with key players, white papers, journals, etc. Stratview research also offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please connect with our team.

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