The global chatbot market size is expected to witness astounding growth by exhibiting a CAGR of 22.5% between 2020 and 2027.
Fortune Business Insights, publish this information in its latest report, titled “Chatbot Market Size, Share COVID-19 Impact Analysis, By Component (Platform/Software Development Kit and Services), By Deployment (Cloud and On-premises), By Application (Website, Contact Centers, Social Media and Mobile Application), By Industry (Banking, Financial Services and Insurance (BFSI), Retail and ecommerce, Information Technology (IT) and Telecom, Media and Entertainment, Healthcare and Others and Regional Forecast, 2020-2027.” Increasing adoption of technology such as the artificial intelligence (AI) system by the SMEs and innovative product development is anticipated to be the driving factors for the market growth during the forecast period.The novel coronavirus, COVID-19, has cast an unprecedented effect on several businesses across industries.
While some industries are experiencing significant loss owing to the lockdown announced by the federal governments globally, collective efforts from the government and the industries will ensure that the testing times may soon pass away.We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics.
Based on our experience and expertise, we will offer you an impact analysis of the coronavirus outbreak across industries to help you prepare for the future.A chatbot is a type of computer program that is a simulated interpretation of human conversation using voice or text assistance or sometimes both.
However, with the evolution of technology, a remarkable development in conversational bots is witnessed today and is highly adopted by large businesses to gain competitive edge and maintain efficient customer interaction.What does the Report Include?The market report includes detailed quantitative and qualitative analysis of several factors such as the key drivers and restraints that will affect market growth.
Furthermore, it includes the competitive landscape that involves leading companies and adoption of strategies by them to innovate novel products, announce partnerships, and collaboration that will contribute to the growth of the market between 2019 and 2026.