Chatbots Market by Type (Software, and Services), Usage (Websites, Contact Centers, Social Media, and Mobile Platform), Deployment Type (On-Premises, and On-Cloud), Industry Verticals (Healthcare, Retail, Education), End User - Global Forecast to 2021
[154 Pages Report] The chatbots market estimated to grow from USD 703.3 million in 2016 to USD 3,172.0 million by 2021, at a Compound Annual Growth Rate (CAGR) of 35.2% during 20162021. The base year considered for the study is 2015 and the market size forecast is from 2016 to 2021. Chatbots is an integrated form of artificial intelligence (embedded with text-to-text, text-to-speech, speech-to-text, machine learning, and speech-to-speech recognition communication modes) which possess the ability of software to mimic human intelligence through experience and learning, and perhaps resolve detailed questions, function complex tasks, and solve complicated problems.
Key Market Dynamics in Chatbots Market
Strong need to understand consumer behavior
In this ever-changing world of virtualization, there is a strong need to understand the customer personality through their emotional expressions to make the best suitable strategy for a particular market. Business organizations are only able to process the data that is available in digital form; the rest of the data called dark data is available in the form of videos, images, and emotions.
A customer thinks and reacts with both emotional and rational brains; for instance, if a customer buys something, they take decision with their emotional brain, whereas when they try to justify the price their rational brain comes into play. It is very necessary for business organizations to take care of this concept of emotions to increase their sales and eventually their market share. Hence, a strong need to understand the customer personality style is driving the growth of chatbots market.
Customers continuously seek for better services and products, and companies thrive to achieve a model where the requirements are attainable without much investment. Chatbots are gaining momentum due to its agile structure, which offers high level of satisfaction and customer retention. It provides rapid response, tailored approach, highly accurate information, and negligible faults, which are the key factors to enhance customer satisfaction. This can lead to continued collaboration and increased revenue, thereby generating highly significant results for both customers and the organization. This has helped to accelerate decision-making and drastically improve customer engagement and satisfaction.
Lack of awareness owing to relatively early presence in tech-adoption life cycle
The awareness about chatbot is still lacking in market as the technology lies early in the tech adoption cycle. However, enterprises have started deploying chatbots for general application areas such as healthcare, banking & insurance, retail, social media, and travel. Out of innovators, early adopters, early majority, late majority and laggards; the chatbot technology lies on the early majority phase which poise the lack of awareness among the enterprises, hindering the market growth.
In addition to this, government regulations and compliance issues may also hinder the growth of chatbots market. Compliance affects organizations of all types, including commercial enterprises, government agencies, and public sector entities. At the core, compliance is mostly concerned with obedience to laws and regulations, especially regarding the use of IT. So, failure to comply with laws and regulations can trigger penalties and other potential damages to the enterprise.
Objectives of the Chatbots Market Study:
- To define, describe, and forecast the chatbots market on the basis of five regions, namely, North America, Europe, APAC, Middle East and Africa (MEA), and Latin America.
- To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges).
- To strategically analyze each sub-segment with respect to individual growth trends, future prospects, and contribution to the total market.
- To analyze the opportunities in the market for stakeholders by identifying high-growth segments of the chatbots.
- To strategically profile key players of the market and comprehensively analyze their core competencies in the market.
- To track and analyze competitive developments, such as new product launches, mergers & acquisitions, partnerships, agreements, and collaborations in the global market.
The research methodology used to estimate and forecast the chatbots market begins with capturing data on key vendor revenues and the market size of the individual segments through secondary sources such as International Virtual Assistant Association (IVAA). The vendor offerings are also taken into consideration to determine market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global market from the individual technology segment. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key industry personnel, such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primary discussion participants is depicted in the below figure:
To know about the assumptions considered for the study, download the pdf brochure
Key Target Audience for Chatbots Market
- System design and development vendors
- System integrators/migration service providers
- Consultants/consultancies/advisory firms
- Support and maintenance service providers
- Network service providers
- Chatbots product and solution provider companies
- Academic and research institutes
- Government associations
Scope of the Chatbots Market Research Report
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Report Metrics |
Details |
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Market size available for years |
20162021 |
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Base year considered |
2015 |
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Forecast period |
20162021 |
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Forecast units |
Billion (USD) |
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Segments covered |
Type (Software, and Services), Usage (Websites, Contact Centers, Social Media, and Mobile Platform), Deployment Type (On-Premises, and On-Cloud), Industry Verticals (Healthcare, Retail, Education), End User |
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Geographies covered |
North America, Europe, APAC, Middle East and Africa (MEA), and Latin America |
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Companies covered |
IBM Watson (New York, U.S.), Nuance Communications Inc. (Massachusetts, U.S.), eGain Corporation (California, U.S.), Artificial Solutions (Stockholm, Sweden), Creative Virtual Pvt. Ltd. (London, U.K.), Next IT Corporation (Washington, U.S.), CX Company (Rotterdam, The Netherlands), Speaktoit Inc. (California, U.S.), 24/7 Customer Inc. (California, U.S.), and Codebaby (iDAvatars) (Mequon, U.S.) |
The research report categorizes the Chatbots Market to forecast the revenues and analyze trends in each of the following subsegments:
Chatbots Market By Type
- Software
- Services
- Professional services
- Managed services
Chatbots Market By Usage
- Websites
- Contact Centers
- Social media
- Mobile platform
Chatbots Market By Vertical
- Financial services
- Healthcare
- Communication
- Retail
- Travel and hospitality
- Government
- Education
- Utilities
- Others
Chatbots Market By Deployment Type
- On-premises
- On-cloud
Chatbots Market By End User
- Small and medium enterprises
- Large enterprises
Chatbots Market By Region
- North America
- Europe
- Asia-Pacific (APAC)
- Middle East and Africa (MEA)
- Latin America
- Critical questions which the report answers
- What are new application areas for the chatbots market?
- Which are the key players in the market and how intense is the competition?
Available Customizations
With the given market data, MarketsandMarkets offers customization as per the companys specific requirements. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players
The chatbots market size is estimated to grow from USD 703.3 million in 2016 and to USD 3,172.0 million by 2021, at a CAGR of 35.2% from 2016 to 2021. Some of the major factors that are driving the growth of the market include the proliferating demand of intelligent customer engagement, increasing penetration of websites & mobile applications, and surge in demand of automated patient management tools in healthcare industry. Furthermore, due to the rise in the demand for integrated and next generation technology, evolution of cloud-based solutions, and increasing wave of mobile applications, there are huge growth opportunities expected for the market in the next five years.
The scope of this report covers the chatbots market analysis by type, services, usage, industry verticals, deployment type, end users, and region. The services segment is expected to grow at the highest CAGR during the forecast period, which supports the implementation of chatbot solutions across various industries.
The mobile platform segment is expected to grow at the highest CAGR during the forecast period due to the increasing mobile users and BYOD. Growing needs of integrated patient engagement for better physician experience, comprehensive patient documentations, medicines, doctor visits and check-ups reminder systems, patient education, Electronic Health Records (EHR), is projected to increase the adoption of chatbots market across healthcare industry, hence the healthcare industry is expected to grow at a faster rate.
On-Cloud deployment type holds the largest market share and is expected to grow at the highest CAGR during the forecast period. The cloud-based smart advisor solution reduces the up-front costs and eliminates maintenance of the server. Large enterprise is expected to have the largest market share during the forecast period. Customer retention and better revenue generation is leading towards the growth of chatbots market technology adoption in the large enterprises.
As per the geographic analysis, the adoption of chatbot solutions across APAC is estimated to rise at a significant rate due to the growing advancement in the technology and industries. These factors would drive chatbots market awareness about the business value and return on investment, which can be realized in the long run. The regional analysis of the market involves the classification of the type, usage, industry verticals, deployment type, and end users into North America, Europe, APAC, MEA, and Latin America.
Surge in demand of automated patient management tools in the healthcare industry
Financial Services
The adoption of cognitive computing is quite developed in the BFSI sector with data mining gaining widespread momentum in Chatbots Market. In todays technological world, customers expect an easy access to real-time omni channel banking engagement. According to the Industry survey, only 20% of the customers physically visit their bank branches, resulting in 80% practices technology. The banking sector pioneered the use of virtual assistants and chatbots across the various operations but the security issues restrain the significant growth. chatbots, virtual agents, email management, voice control, and speech recognition are some of the key tools provided for the banking industry.
Communication
The communication industry involves large amount of customer care and intense competition across the target segment. The software engages customer across channels and devices, providing personalized customer support and improving first contact resolution. The extensive deployment of the virtual assistant software in the communication industry is largely due to contact center effectiveness, reduced operational, employment & supply chain cost, maximized ROI on web self-service, improved service level & Net Promoter Score (NPS), supporting complex processes, and interaction with the customers on social media platform. It also helps in reducing churn rate.
Retail
In the retail sector specifically through e-commerce channels, better customer service leads to customer loyalty, customer retention, increased conversion rate, and reduced shopping cart abandonment branding. Providing an innovative, fast, and efficient customer service is the key to increasing sales for online stores, especially in a competitive environment with such small margins. chatbots provide accurate & personalized information, offer self-service options, outbound email notification, collect customer insights, and support live agents.
Critical questions the report answers:
- What are new application areas for the chatbots market?
- Which are the key players in the market and how intense is the competition?
A few of the restraining factors that affect the growth of the Chatbots Market include lack of awareness owing to relatively early presence in tech-adoption life cycle, high deployment cost as well as system integration complexities and lack of expertise. The major chatbot solution vendors profiled in the report include IBM Watson (New York, U.S.), Nuance Communications Inc. (Massachusetts, U.S.), eGain Corporation (California, U.S.), Artificial Solutions (Stockholm, Sweden), Creative Virtual Pvt. Ltd. (London, UK), Next IT Corporation (Washington, U.S.), CX Company (Rotterdam, The Netherlands), Speaktoit Inc. (California, U.S.), 24/7 Customer Inc. (California, U.S.), and Codebaby (iDAvatars) (Mequon, U.S.) These players have adopted various strategies such as new product developments, mergers, strategic partnerships and collaborations, and regional expansions to cater to the needs of the global chatbots market.
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Table of Contents
1 Introduction (Page No. - 13)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology (Page No. - 16)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Chatbots Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions
3 Executive Summary (Page No. - 24)
4 Premium Insights (Page No. - 31)
4.1 Attractive Market Opportunities in the Global Chatbots Market
4.2 Market, By Type
4.3 Global Market
4.4 Lifecycle Analysis, By Region 2016
5 Chatbots Market Overview (Page No. - 33)
5.1 Introduction
5.2 Market Evolution
5.3 Market Segmentation
5.3.1 By Type
5.3.2 By Service
5.3.3 By Usage
5.3.4 By Industry Vertical
5.3.5 By Deployment Type
5.3.6 By End User
5.3.7 By Region
5.4 Chatbots Market Dynamics
5.4.1 Drivers
5.4.1.1 Proliferating Demand of Intelligent Customer Engagement
5.4.1.2 Increasing Penetration of Websites and Mobile Applications
5.4.1.3 Surge in Demand of Automated Patient Management Tools in the Healthcare Industry
5.4.1.4 Strong Need to Understand Consumer Behavior
5.4.1.5 Adoption of Cloud-Based Technology
5.4.2 Restraints
5.4.2.1 Lack of Awareness Owing to Relatively Early Presence in Tech-Adoption Life Cycle
5.4.2.2 High Deployment Cost as Well as System Integration Complexities
5.4.3 Opportunities
5.4.3.1 Value Addition By Integrating Natural Language Processing (NLP)
5.4.3.2 Growing Number of Social Media Platforms
5.4.3.3 Proliferation in Demand of Intuitive Digital Shopping Experience in the Retail Sector
5.4.4 Challenges
5.4.4.1 Lack of Technically Skilled Resources Which Can Effectively Use and Manage the Chatbot Tools
5.4.4.2 Impact on Business Application
6 Chatbots Market Trends (Page No. - 44)
6.1 Value Chain Analysis
6.2 Strategic Benchmarking
6.3 Technology Architecture
6.3.1 Speech Recognition
6.3.2 Natural Language Processing
6.3.3 Machine Learning
6.3.4 Text-To-Speech
7 Chatbots Market Analysis, By Type (Page No. - 49)
7.1 Introduction
7.2 Software
7.3 Services
7.3.1 Professional Services
7.3.2 Managed Services
8 Chatbots Market Analysis, By Usage (Page No. - 56)
8.1 Introduction
8.2 Websites
8.3 Contact Centers
8.4 Social Media
8.5 Mobile Platform
9 Chatbots Market Analysis, By Industry Vertical (Page No. - 62)
9.1 Introduction
9.2 Financial Services
9.3 Healthcare
9.4 Communication
9.5 Retail
9.6 Travel and Hospitality
9.7 Government
9.8 Education
9.9 Utilities
9.10 Others
10 Chatbots Market Analysis, By Deployment Type (Page No. - 73)
10.1 Introduction
10.2 On-Premises
10.3 On-Cloud
11 Chatbots Market Analysis, By End User (Page No. - 77)
11.1 Introduction
11.2 Small and Medium Enterprises
11.3 Large Enterprises
12 Geographic Analysis (Page No. - 81)
12.1 Introduction
12.2 North America
12.3 Europe
12.4 Asia-Pacific
12.5 Middle East and Africa (MEA)
12.6 Latin America
13 Competitive Landscape (Page No. - 102)
13.1 Overview
13.2 Competitive Situations and Trends
13.2.1 Partnerships, Agreements, and Collaborations
13.2.2 New Product Launches
13.2.3 Mergers and Acquisitions
14 Company Profiles (Page No. - 107)
(Business Overview, Software and Services Offered, Recent Developments, MnM View*
14.1 Introduction
14.2 IBM Corporation
14.3 Nuance Communications, Inc.
14.4 eGain Corporation
14.5 Artificial Solutions
14.6 Creative Virtual Pvt. Ltd.
14.7 Next IT Corporation
14.8 CX Company
14.9 Speaktoit, Inc.
14.10 24/7 Customer, Inc.
14.11 Codebaby (iDAvatars), Inc.
*Details on Business Overview, Software and Services Offered, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.
15 Key Innovators (Page No. - 137)
15.1 Anboto
15.2 Existor Ltd.
15.3 Synthetix
15.4 Viclone
15.5 Aivo
15.6 Inbenta
15.7 Kasisto
15.8 Nohold, Inc.
15.9 Smartaction Company, LLC
15.10 Verbio Technologies
15.11 Eidoserve Inc.
16 Appendix (Page No. - 144)
16.1 Other Developments
16.1.1 Partnerships, Collaborations, and Agreements
16.1.2 New Product Launches
16.1.3 Mergers and Acquisitions
16.2 Discussion Guide
16.3 Knowledge Store: MarketsandMarkets Subscription Portal
16.4 Introduction RT: Real-Time Market Intelligence
16.5 Available Customizations
16.6 Related Reports
List of Tables (64 Tables)
Table 1 Chatbots Market Size and Growth, 20142021 (USD Million, Y-O-Y %)
Table 2 Market Size, By Type, 20142021 (USD Million)
Table 3 Market Size, By Type, 20142021 (USD Million)
Table 4 Chatbots Market Size, By Region, 20142021 (USD Million)
Table 5 Software: Market Size, By Region, 2014-2021 (USD Million)
Table 6 Services: Chatbots Market Size, By Type, 2014-2021 (USD Million)
Table 7 Services: Market Size, By Region, 2014-2021 (USD Million)
Table 8 Professional Services: Chatbots Market Size, By Region, 2014-2021 (USD Million)
Table 9 Managed Services: Market Size, By Region, 2014-2021 (USD Million)
Table 10 Chatbots Market Size, By Usage, 20142021 (USD Million)
Table 11 Websites: Market Size, By Region, 2014-2021 (USD Million)
Table 12 Contact Centers: Chatbots Market Size, By Region, 2014-2021 (USD Million)
Table 13 Social Media: Market Size, By Region, 2014-2021 (USD Millions)
Table 14 Mobile Platform: Market Size, By Region, 2014-2021 (USD Millions)
Table 15 Chatbots Market Size, By Industry Vertical, 20142021 (USD Million)
Table 16 Financial Services: Market Size, By Region, 20142021 (USD Million)
Table 17 Healthcare: Chatbots Market Size, By Region, 20142021 (USD Million)
Table 18 Communication: Market Size, By Region, 20142021 (USD Million)
Table 19 Retail: Chatbots Market Size, By Region, 2014-2021 (USD Million)
Table 20 Travel and Hospitality: Market Size, By Region, 2014-2021 (USD Million)
Table 21 Government: Market Size, By Region, 2014-2021 (Million)
Table 22 Education: Chatbots Market Size, By Region, 2014-2021 (Million)
Table 23 Utilities: Market Size, By Region, 2014-2021 (Million)
Table 24 Others: Market Size, By Region, 2014-2021 (Million)
Table 25 Chatbots Market Size, By Deployment Type, 2014-2021 (Million)
Table 26 On-Premises: Market Size, By Region, 2014-2021 (Million)
Table 27 On-Cloud: Chatbots Market Size, By Region, 2014-2021 (Million)
Table 28 Chatbots Market Size, By End User, 2014-2021 (Million)
Table 29 Small and Medium Enterprises: Market Size, By Region, 2014-2021 (Million)
Table 30 Large Enterprises: Chatbots Market Size, By Region, 2014-2021 (Million)
Table 31 Market Size, By Region, 20142021 (USD Million)
Table 32 North America: Chatbots Market Size, By Type, 20142021 (USD Million)
Table 33 North America: Market Size, By Service, 20142021 (USD Million)
Table 34 North America: Chatbots Market Size, By Usage, 20142021 (USD Million)
Table 35 North America: Chatbots Market Size, By Industry Vertical, 2014-2021 (USD Million)
Table 36 North America: Market Size, By Deployment Type, 2014-2021 (USD Million)
Table 37 North America: Market Size, By End User, 2014-2021 (USD Million)
Table 38 Europe: Chatbots Market Size, By Type, 20142021 (USD Million)
Table 39 Europe: Market Size, By Service, 20142021 (USD Million)
Table 40 Europe: Market Size, By Usage, 20142021 (USD Million)
Table 41 Europe: Chatbots Market Size, By Industry Vertical, 2014-2021 (USD Million)
Table 42 Europe: Market Size, By Deployment Type, 2014-2021 (USD Million)
Table 43 Europe: Market Size, By End User, 2014-2021 (USD Million)
Table 44 Asia-Pacific: Chatbots Market Size, By Type, 20142021 (USD Million)
Table 45 Asia-Pacific: Market Size, By Service, 20142021 (USD Million)
Table 46 Asia-Pacific: Chatbots Market Size, By Usage, 20142021 (USD Million)
Table 47 Asia-Pacific: Market Size, By Industry Vertical, 2014-2021 (USD Million)
Table 48 Asia-Pacific: Chatbots Market Size, By Deployment Type, 2014-2021 (USD Million)
Table 49 Asia-Pacific: Market Size, By End User, 2014-2021 (USD Million)
Table 50 Middle East and Africa: Chatbots Market Size, By Type, 20142021 (USD Million)
Table 51 Middle East and Africa: Market Size, By Service, 20142021 (USD Million)
Table 52 Middle East and Africa: Market Size, By Usage, 20142021 (USD Million)
Table 53 Middle East and Africa: Chatbots Market Size, By Industry Vertical, 20142021 (USD Million)
Table 54 Middle East and Africa: Market Size, By Deployment Type, 20142021 (USD Million)
Table 55 Middle East and Africa: Market Size, By End User, 20142021 (USD Million)
Table 56 Latin America: Chatbots Market Size, By Type, 20142021 (USD Million)
Table 57 Latin America: Market Size, By Service, 20142021 (USD Million)
Table 58 Latin America: Market Size, By Usage, 20142021 (USD Million)
Table 59 Latin America: Market Size, By Industry Vertical, 20142021 (USD Million)
Table 60 Latin America: Chatbots Market Size, By Deployment Type, 20142021 (USD Million)
Table 61 Latin America: Market Size, By End User, 20142021 (USD Million)
Table 62 Partnerships, Agreements, and Collaborations, 20152016
Table 63 New Product Launches, 20142015
Table 64 Mergers and Acquisitions, 20152016
List of Figures (51 Figures)
Figure 1 Global Chatbots Market: Research Design
Figure 2 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Global Chatbots Market Size and Growth Rate, 2014-2021 (USD Million, Y-O-Y %)
Figure 7 Services Segment is Expected to Grow at the Highest CAGR in Chatbots Market During the Forecast Period
Figure 8 Professional Services Segment is Expected to Hold the Largest Market Size During the Forecast Period
Figure 9 Mobile Platform Segment is Expected to Grow at the Highest CAGR From 2016 to 2021
Figure 10 Healthcare Vertical is Expected to Grow at the Highest CAGR From 2016 to 2021
Figure 11 On-Cloud Deployment is Expected to Grow at the Highest CAGR From 2016 to 2021
Figure 12 Small and Medium Enterprises Segment is Expected to Grow at the Highest CAGR From 2016 to 2021
Figure 13 Fastest-Growing Segments of the Chatbots Market
Figure 14 North America is Estimated to Hold the Largest Market Share in 2016
Figure 15 Proliferating Demand of Intelligent Customer Engagement Tools and Rise in the Adoption of Cloud-Based Technology is Expected to Boost the Chatbots.
Figure 16 Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 17 North America is Expected to Hold the Largest Share of the Market in 2016
Figure 18 The Chatbots Market has Immense Opportunities for Growth in Asia-Pacific
Figure 19 Evolution of the Market
Figure 20 Chatbots Market Segmentation, By Type
Figure 21 Chatbots Market Segmentation, By Service
Figure 22 Chatbots Market Segmentation, By Usage
Figure 23 Market Segmentation, By Industry Vertical
Figure 24 Chatbots Market Segmentation, By Deployment Type
Figure 25 Chatbots Market Segmentation, By End User
Figure 26 Chatbots Market Segmentation, By Region
Figure 27 Market: Drivers, Restraints, Opportunities, and Challenges
Figure 28 Chatbots Market: Value Chain
Figure 29 Strategic Benchmarking: Technology Integration and Product Enhancement
Figure 30 Technology Architecture
Figure 31 Services Segment is Expected to Grow at the Higher CAGR During the Forecast Period
Figure 32 Mobile Platform Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 33 Healthcare Vertical is Expected to Grow at the Highest CAGR in Chatbots Market During the Forecast Period
Figure 34 On-Cloud Deployment is Expected to Grow at the Higher CAGR During the Forecast Period
Figure 35 Small and Medium Enterprises Segment is Expected to Grow at the Higher CAGR During the Forecast Period
Figure 36 North America to Hold the Largest Market Share in the Global Chatbots Market During the Forecast Period
Figure 37 Regional Snapshot: Asia-Pacific is the Emerging Region in the Market
Figure 38 North America Market Snapshot: Increasing Penetration of Websites and Mobile Applications is A Major Factor Contributing Towards the Growth of the Market
Figure 39 Asia-Pacific Market Snapshot: Proliferation of Internet Services, Surge in Mobility, and Rapid Internet Penetration are Some of the Major Factors Contributing Towards the Growth of the Chatbots Market
Figure 40 Companies Adopted the Strategy of Partnerships, Agreements, and Collaborations as the Key Growth Strategy
Figure 41 Chatbots Market Evaluation Framework
Figure 42 Battle for Market Share: The Strategy of Partnerships, Agreements, and Collaborations is the Key Strategy Adopted By Key Players
Figure 43 IBM Corporation: Company Snapshot
Figure 44 IBM Corporation: SWOT Analysis
Figure 45 Nuance Communications, Inc.: Company Snapshot
Figure 46 Nuance Communications, Inc.: SWOT Analysis
Figure 47 eGain Corporation: Company Snapshot
Figure 48 eGain Corporation: SWOT Analysis
Figure 49 Artificial Solutions: SWOT Analysis
Figure 50 Creative Virtual Pvt. Ltd.: SWOT Analysis
Figure 51 Next IT Corporation: SWOT Analysis
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