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Chatbots Market Worth 3,172.0 Million USD by 2021PUNE, India, May 16, 2017 /PRNewswire/ -- According to a new market research report, "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," published by MarketsandMarkets™, the smart advisors/Chatbots Market size is expected 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 2016-2021. (Logo: http://photos.prnewswire.com/prnh/20160303/792302 ) Browse 64 market data Tables and 51 Figures spread through 155 Pages and in-depth TOC on "Chatbots Market" http://www.marketsandmarkets.com/Market-Reports/smart-advisor-market-72302363.html The major drivers for upsurge in demand for chatbots software and service include increasing penetration of websites and mobile applications, proliferating demand of intelligent customer engagement, strong need to understand consumer behavior, and adoption of cloud-based technology. Chatbots software is likely to hold the largest market share in the Chatbots Market Enhanced technological features in chatbots software such as Natural Language Processor (NLP), multilingual, interference engine, metrics, cloud-based deployment, Application Programing Interface (API), mobile platform compatibility, analytics, multichannel, and single point of search is expected to spur the market growth. In addition to that, the software is widely used on the users' smartphone, websites, social media, and call centers to answer all the queries, which would fuel the software segment growth in the coming years Ask for PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=72302363 Mobile platfrm segment is expected to grow at the highest CAGR during the forecast period The market for mobile platform would witness a major growth because of the rise in the adoption of smart advisors, which is propelled by the increasing penetration of smart phones as well as tablets across the globe. In addition to that, the smart mobile advisors provide help to the organization in real time monitoring of customer behavior, trends, and interaction. It also tracks mobile services, such as geo-location, enabling rich, targeted communications based on location and event. North America is expected to hold the largest market share in the Chatbots Market As per the geographic analysis, North America is likely to benefit from its technological advancements and followed by high usage of mobile, tablets, and computers. The adoption of smart advisors across North America is estimated to rise at a significant rate due to client-centric approaches, provision of 24/7 customer engagement, operational efficiencies, cost containment, and sustainability benefits and the changing business dynamics. This eventually increases the penetration of chatbots deployment in this region. Inquiry before Buying @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=72302363 The major vendors covered in the Chatbots Market for this study include Artificial Solutions (Stockholm, Sweden), IBM Watson (U.S.), Naunce Communications Inc. (U.S.), eGain Coporation (U.S.), Creative Virtual Pvt. Ltd. (U.K.), Next IT Corp. (U.S.) CX Company (Netherlands), Speaktoit Inc. (U.S.), 24/7 Customer Inc. (U.S.), and Codebaby (Idavatars), Inc. (U.S.). Browse Related Reports Cognitive Computing Market by Technology (Natural Language Processing, Machine Learning, Automated Reasoning), by Deployment Model (On-Premises, Cloud) & by Regions - Global Forecast to 2019 Know More About our Knowledge Store @ http://www.marketsandmarkets.com/Knowledgestore.asp About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". 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