Chatbot Market by End-user and Geography - Forecast and Analysis 2021-2025
- Published: Jul 2021
- Pages: 120
- SKU: IRTNTR41045
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The chatbot market value is projected to grow by USD 1.73 billion at a CAGR of 29.34% during 2021-2025.
This chatbot market analysis report entails exhaustive statistical qualitative and quantitative data on end-user (retail, BFSI, government, travel and hospitality, and others) and geography (North America, APAC, Europe, South America, and MEA) and their contribution to the target market. View our sample report to gather market insights on the segmentations. Furthermore, with the latest key findings on the post COVID-19 impact on the market, available in this report, you can create successful business strategies to generate new sales opportunities.
What will the Chatbot Market Size be in 2021?
Browse TOC and LoE with selected illustrations and example pages of Chatbot Market
Chatbot Market: Key Drivers and Trends
According to our research output, there has been a neutral impact on the market growth post COVID-19 era. Key drivers such as the advantages of chatbots over other customer support options are notably supporting the chatbot market growth. On the other hand, factors such as lack of awareness and standardization have been identified as market challenges that limit the growth of market vendors. This report offers detailed insights on the challenges to stay prepared for the obstacles in the future, which will help companies analyze and develop growth strategies.
This post-pandemic chatbot market report has assessed the shift in consumer behavior and identified and explored the upcoming trends, drivers, and challenges that will have a far-reaching effect on the market growth. Understanding market trends is essential for identifying new business opportunities across segmentations and geographies.
Who are the Major Chatbot Market Vendors?
The chatbot market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles covered in the report are as follows:
- Alphabet Inc.
- Amazon.com Inc.
- Anboto Europe SL Co.
- Apple Inc.
- Creative Virtual Ltd.
- eGain Corp.
- Inbenta Technologies Inc.
- International Business Machines Corp.
- Microsoft Corp.
- Nuance Communications Inc.
The chatbot market analysis report contains exhaustive actionable insights on the organic and inorganic growth strategies deployed by the vendors. The chatbot market is fragmented and is expected to provide a favorable growth environment to new and existing players in the coming years. Click here to uncover details of successful business strategies adopted by the vendors.
Furthermore, to make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Buy the full chatbot market statistics report to understand the magnitude of the economic impact on each segment and recovery expectations.
Download a free sample of the chatbot market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Which are the Key Regions for Chatbot Market?
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The chatbot market size, share, & trends analysis report offers an up-to-date study of the geographical composition of the market. 37% of the market’s growth will originate from North America during the forecast period. The US is a key market for chatbots in North America.
North America has been recording a significant growth rate and is expected to offer several business opportunities to market vendors during the forecast period. One of the key factors driving the growth in North America is increased demand for web self-service. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
What are the Revenue-generating End-user Segments in the Chatbot Market?
The chatbot market report provides a comprehensive understanding of the subsets of our target market to earmark niche customer groups and simplify demographic requirements. In addition, the report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency. The chatbot market share growth by the retail segment has been significant and is expected to provide significant growth opportunities to market vendors.
This report provides a thorough chatbot market segment analysis that will help you gauge the existing competition, demographics, lucrative target customer groups, solutions to improve sales and services, and other crucial market intelligence data. Request for a free sample of the report to get an exclusive glimpse of actionable market insights on post COVID-19 impact on each segment and the growth of the chatbot market size.
What are the Key Factors Covered in this Chatbot Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive chatbot market growth during the next five years
- Precise estimation of the chatbot market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the chatbot market across North America, APAC, Europe, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of chatbot market vendors
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Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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Frequently Asked Questions?
- Advantages of chatbots over other customer support options
- Integration of chatbots for better turnaround times
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