Global Chatbots Market size was valued at US$ 3.35 Billion in 2021 and the total chatbots revenue is expected to grow at 28.5% through 2021 to 2029, reaching nearly US$ 24.93 Billion.
The global COVID-19 crisis has greatly redoubled trade demand for Chatbots Market Report contents embrace Size in the price for the global market, drivers, trends, and challenges, by the user, and rate of growth throughout the forecast amount. Historical figures are also provided. The study considers the world market’s state of affairs and its market dynamics. It covers a close summary of many market growth enablers, restraints, and trends. The report offers each demand and provides aspects of the market. It profiles and examines leading corporations and alternative distinguished ones operative within the market.
This synopsis is useful for both new entrants and the ones who are already established in the market. The report also gives you solutions that will help you further in the decision-making process.
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COVID-19 Impact:
COVID-19 has affected the global economy in many ways and has led to a lot of changes in the market to which everyone is getting used. The government has issued new rules and regulations due to COVID-19, this pandemic has an impact on every industry. The report published by MMR gives possible solutions to these problems along with suggestions to expand your business.
Competitive Landscape and Chatbots Market Share Analysis:
The competitive landscape for the Chatbots market provides statistics and data on the various competitors. The analysis provides a slight insight into detailed and reliable revenue information for the player from 2018 to 2021. It also gives a detailed analysis based on accurate revenue (global and regional) information for the period 2018-2021. Company description, principal business, total revenue and sales, revenue earned in the Chatbots business, date of entry into the Chatbots market, Chatbots product introduction, recent advancements, and other details are given.
Chatbots Market Segment:
The market is divided into five categories according to application: social media bots, payment and order processing bots, service bots, retail & marketing bots, and other. In 2021, social media bots and bots for payments and order processing accounted for the most market share. During the forecast period, both segments are also anticipated to experience the greatest CAGRs of 10.9% and 8.8%. (2021-2029). The development in social media usage in emerging nations like India is correlated with this growth, and the expansion of the banking, finance, and insurance industries is correlated with the expansion of the payment processing bots market. Retail & Marketing and Service bots are anticipated to expand by % and %, respectively, in the anticipated time frame (2021-2029).
Chatbots Market Key players:
• [24]7.AI
• Aivo
• ServiceNow
• Conversica
• Personetics
• LiveChat
• MindMeld
• CogniCor
• Gupshup
• Contus
• Chatfuel
• KeyReply
• SmartBots
• Yellow Messenger
• Kevit
• Yekaliva
• Pypestream
Chatbots Market Regional Insights:
- Asia-Pacific(Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
- Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
- North America (the United States, Mexico, and Canada.)
- South America (Brazil etc.)
- The Middle East and Africa (GCC Countries and Egypt.)
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