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Global Chatbot Market 2020-2025: Advanced Techniques Benefiting Chatbot Market


A chatbot is a combination of various algorithms that is based on machine learning and artificial intelligence-powered technology. – PowerPoint PPT presentation

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Title: Global Chatbot Market 2020-2025: Advanced Techniques Benefiting Chatbot Market

Chatbot Market
  • by Technology (Machine Learning, Automated Speech
    Recognition, Natural Language Processing, Natural
    Language Generation, and Others), Platform
    (Mobile-based and Web-based), Application (IT,
    Customer Service, Administrative/Business
    Management, Marketing/Advertising, and Others),
    and by Region (North America, Europe,
    Asia-Pacific, Middle East Africa, and South
    America), Global Forecast, 2018 to 2025

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Chatbot Market Size and Share 2025
  • The global chatbot market size is anticipated to
    reach nearly USD 15 billion by 2025, growing at a
    CAGR of nearly 30 during the forecast period
    2018-2025. The chatbot is an advanced technology
    based on artificial intelligence (AI). It is
    specifically encoded in a way that allows
    businesses and users to interact with each other
    via various mediums such as text, video, voice,
    and others. Also, employees technologies such as
    natural language processing, machine learning,
    automated speech recognition, natural language
    generation, and others to communicate with users.
  • The current and future chatbot market advances
    are defined to state the attractiveness of the
    market. Key impacting aspects focus on the
    chatbot market opportunities during the forecast
    period. Factors such as reduced operational costs
    associated with the chatbots are driving the
    market growth. Also, the 24x7 availability and
    assistance to customers is another factor
    boosting the global chatbot market growth.
    However, the high initial deployment costs are
    expected to hamper the market growth.
    Furthermore, the growing adoption in numerous
    industries is expected to provide growth
    opportunities for the market in the forthcoming
    years. Also, the technological advancements and
    initiatives towards the development of
    self-learning chatbots are anticipated to be
    opportunistic for the market.
  • The report also highlights various aspects of the
    global chatbot industry by analyzing the market
    through value chain analysis. Besides, the
    chatbot market report covers different
    qualitative aspects of the chatbot industry in
    market drivers, key industry opportunities, and
    restraints. Furthermore, the report proposes a
    comprehensive valuation of the market
    competitiveness along with company profiling of
    residents as well as global vendors.

Chatbot Market Size and Share 2025
  • The chatbot market has solid competition among
    the early established and new players. Also, to
    capture a competitive advantage over the other
    industry players many industry players are aiming
    potential markets by forming collaboration and
    partnerships, agreements, mergers acquisitions,
    acquiring new startups other companies, and
    escalating their business presence.
  • Based on the technology segment, the market is
    divided into natural language processing,
    automated speech recognition, machine learning,
    natural language generation, and others. In the
    year 2019, the machine learning segment accounted
    for the highest market revenue and it is
    anticipated to hold the major market share
    throughout the forecast period. On the contrary,
    the natural language processing segment
    accumulated the highest growth and it is expected
    to keep its position during the forecast period.
  • Based on the geographical front, the North
    American region dominated the overall market in
    2019 and it is expected to maintain its position
    over the entire forecast period 2018-2025. The
    dominance of this region is mainly attributed to
    the rapid technological adoption and
    advancements. However, the Asia-Pacific region is
    projected to experience the highest growth
    throughout the forecast period.
  • The major players of the global chatbot market
    are Amazon Web Platform, Google, IBM, Nuance
    Communication, Inbenta Technologies, Chatfuel,
    AIVO, , Artificial Solutions, and
    SmartBots. Moreover, the other prospective
    players in the chatbot market are Passage AI,
    Anboto, KeyReply, Contus, and Conversica. The
    recognized companies are coming up with
    innovative and new chatbot applications. As of
    2019, the chatbot market is consolidated with the
    presence of established local as well as global
    players across the globe. In addition, the
    already recognized market players are coming up
    with new innovative services and solutions to
    stay competitive in the global market.

Chatbot Market Size and Share 2025
  • Technology Overview, 2018-2025 (USD Billion)
  • Machine Learning
  • Automated Speech Recognition
  • Natural Language Processing
  • Natural Language Generation
  • Others
  • Platform Overview, 2018-2025 (USD Billion)
  • Mobile-based
  • Web-based
  • Application Overview, 2018-2025 (USD Billion)
  • IT
  • Customer Service
  • Administrative/Business Management
  • Marketing/Advertising
  • Others

About Us
  • Adroit Market Research is an India-based business
    analytics and consulting company. Our target
    audience is a wide range of corporations,
    manufacturing companies, product/technology
    development institutions and industry
    associations that require understanding of a
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