[April 04, 2018]

Global Chatbots Market 2018-2023 to Grow at a CAGR of 32.78% to Reach $895 Million - ResearchAndMarkets.com

The "Global Chatbots Market - Forecasts from 2018 to 2023" report has been added to ResearchAndMarkets.com's offering.

Global chatbots market is projected to witness a compound annual growth rate of 32.78% during the forecast period, reaching a total market size of US$895.27 million in 2023 from US$163.34 million in 2017.

The demand for chatbots is highly driven by technological advancements which are, in turn, enabling easier implementation of artificial intelligence tools in consumer electronic products. The global market for chatbots is also hugely benefitting from the improved use of online messaging along with the growing use of chatbots in digital marketing strategies for purposes such as customer engagement and generation of lead.

Other factors driving the demand for chatbots software and services include higher penetration of websites and mobile applications and high adoption of cloud-based technology. However, major factors responsible for hidering the growth of global chatbots market include lack of awareness owing to relatively early stages in tech-adoption life cycle and high deployment costs.

This report examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.

Key Topics Covered

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Dynamics

5. Global Chatbots Market By Component

6. Global Chatbots Market By Platform

7. Global Chatbots Market By Deployment Mode

8. Global Chatbots Market By End Use Industry

9. Global Chatbots Market By Geography

10. Competitive Intelligence

11. Company Profiles

11.1. IBM

11.2. Nuance Communications (News - Alert), Inc.

11.3. eGain

11.4. Creative Virtual Ltd

11.5. Next IT Corp.

11.6. CX Company

11.7. [24]7.ai, Inc.

11.8. iD Avatars

11.9. Artificial Solutions

For more information about this report visit https://www.researchandmarkets.com/research/5vfvmc/global_chatbots?w=4

View source version on businesswire.com: https://www.businesswire.com/news/home/20180404006267/en/

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