COVID-19 Impact and Recovery Analysis- Chatbot Market 2020-2024 | The Advantages Of Chatbots to Boost Growth | Technavio
Technavio has been monitoring the chatbot market and it is poised to grow by USD 1.11 bn during 2020-2024, progressing at a CAGR of almost 29% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Chatbot Market 2020-2024 (Graphic: Business Wire)
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Request for Technavio's latest reports on directly and indirectly impacted markets. Market estimates include pre- and post-COVID-19 impact on the Chatbot Market Download free sample report
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Alphabet Inc., Amazon.com (News - Alert) Inc., Anboto Europe SL Co., Apple Inc., Creative Virtual Ltd., eGain Corp., Inbenta Technologies Inc., International Business Machines Corp., Microsoft Corp., and Nuance Communications (News - Alert) Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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The advantages of chatbots have been instrumental in driving the growth of the market.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. https://www.technavio.com/report/report/chatbot-market-industry-analysis
Chatbot Market 2020-2024: Segmentation
Chatbot Market is segmented as below:
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Chatbot Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The chatbot market report covers the following areas:
This study identifies increased demand for web self-service as one of the prime reasons driving the chatbot market growth during the next few years.
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Chatbot Market 2020-2024: Key Highlights
Table of Contents:
Five Forces Analysis
Market Segmentation by End-user
Drivers, Challenges, and Trends
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