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Discover the highly advanced AI and NLP tools bolstering the bot service market growth in upcoming years 2017 - 2024

Discover the highly advanced AI and NLP tools bolstering the bot service market growth in upcoming years 2017 - 2024

Global Bot Service Market accounted for USD 401.3 million in 2016 growing at a CAGR of 32.1% during the forecast period of 2017 to 2024.

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Global Bot Service Market, By Geography; Mode (Text and Rich Media, Audio, Video); Service (Framework {Natural Language Processing, Machine Learning, Artificial Neural Network, Bot Analytics}, Platform); Deployment Channel (Websites, Contact Center & Customer Service, Social Media , Mobile Applications); End-user (BFSI, Government, Real Estate, Media & Entertainment, Telecom, Retail & E-commerce, Education, Travel & Hospitality, Healthcare) – Estimated to 2024

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Global Bot Service Market - Market Analysis:

The Global Bot Service Market accounted for USD 401.3 million in 2016 growing at a CAGR of 32.1% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

This report contains:

  • No of Pages: 350
  • No of Tables: 220
  • No of Figures: 60

Global Bot Service Market - Market Definition:

A Bot is a software that is designed to get the tasks done automatically rather than doing on own. With the continuous improvement in bot technology it can be assumed that it will getcapable ofhandling all kinds of things, comprising of something that is as complex as tax.

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It has its wide application in real estate, media and entertainment, telecom, retail and ecommerce, and others. Increasing user engagement on social media platforms may be considered as the major factor in driving the growth of bot service market.

On the other side, dependency on deployment platforms for bots may hinder the market.

Global Bot Service Market - Major Market Competitors:

Microsoft, IBM Corporation, Google, Facebook, Amazon Web Services, Inc., Nuance Communications, Inc.,Aspect Software, Inc., Inbenta Technologies Inc., Creative Virtual Ltd., IPsoft Inc., 24/7 CUSTOMER INC., CogniCor Technologies S.L., Astute Solutions, Next IT Corp., Kore.ai, Inc., Rasa Technologies GmbH, Pypestream, Avaamo, Pandorabots, LogMeIn, Artificial Solutions, Botego, Chatfuel, Webio, Do You Dream Up, and others.

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Global Bot Service Market - Market Segmentation:

The global bot service market is segmented on the basis of mode into text and rich media, audio, video.

on the basis of service into framework, and platform. The framework segment is further segmented into natural language processing, machine learning, artificial neural network, and bot analytics.

On the basis of deployment channel, the global bot service market is further segmented into websites, contact center and customer service, social media, and mobile applications.

On the basis of end-user, the global bot service market is further segmented into banking, financial services, and insurance, government, real estate, media and entertainment, telecom, retail and ecommerce, education, travel and hospitality, healthcare.

On the basis of geography, global Bot Service Market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.

In 2017, North America is expected to dominate the market.

Global Bot Service Market - Major Market Drivers & Restraints:

  • Highly Advanced AI and NLP Tools Bolstering the Market Growth
  • Increasing User Engagement on Social Media Platforms
  • Dependency on Deployment Platforms for Bots
  • Lack of Awareness

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