Chatbot Market is Expected to Grow at a CAGR of 27.9% During the Forecast Period 2019 – 2027 – iCrowdNewswire
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Oct 11, 2019 6:40 PM ET

Chatbot Market is Expected to Grow at a CAGR of 27.9% During the Forecast Period 2019 – 2027


Chatbot Market is Expected to Grow at a CAGR of 27.9% During the Forecast Period 2019 – 2027

iCrowd Newswire - Oct 11, 2019

The global chatbot market accounted to US$ 1072.4 Mn in 2018 and is expected to grow at a CAGR of 27.9% during the forecast period 2019 – 2027, to account to US$ 9475.1 Mn by 2027.

Europe was the leading geographic chatbot market and it is anticipated to be the highest revenue contributor throughout the forecast period. Factors such as penetration of internet users, the number of social media users, and the number of smartphones users have a profound influence over the penetration of the chatbot market during the past few years. Moreover, the factors are expected to continue to have a substantial impact over the market growth during the coming along with investment towards AI enabled CRM services, and the solution is expected to boost the growth of the market in the region. According to a report published by the World Federation of Advertisers (WFA) in 2017, the European region with a total population of 839 million reported almost 79% of internet users in the region.

 

An exclusive Chatbot Market research report created through broad primary research (inputs from industry experts, companies, and stakeholders) and secondary research, the report aims to present the analysis of Global Chatbot Market by Type, By Application, By Region – North America, Europe, South America, Asia-Pacific, Middle East and Africa. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global Chatbot Market. Additionally, the report also highlights market entry strategies for various companies across the globe.

 

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Leading Chatbot Market Players:

 

Worldwide Chatbot Market Analysis to 2027 is a specialized and in-depth study of the Chatbot Market with a focus on the global market trend. The report aims to provide an overview of global Chatbot Market with detailed market segmentation by product/application and geography. The global Chatbot Market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the Air Cargo players and offers key trends and opportunities in the market.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Chatbot Market based on product and application. It also provides market size and forecast till 2027 for overall Chatbot Market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM), which is later sub-segmented by respective countries and segments. The report evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend and provides exhaustive PEST analysis for all five regions.

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Also, key Chatbot Market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years. 

Reason to Buy

– Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Chatbot Market
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– Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
– Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

 

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Keywords:    Chatbot Market, Chatbot, Chatbot Industry

Tags:    Research Newswire, English