Global Bot Service Market Projected To Reach US$ 401.3 Million | Expand At A CAGR of 32.1 % from 2017 to 2024


Posted November 21, 2018 by Stive_Smith

Global Bot Market Report for USD 401.3 million in 2016 The CAGR of 32.1% in the year 2017 to 2024. The future market report for the year 2014, 2015, the base year of the calculation is 2016 and the forecast period is 2017 to 2024.

 
Global Bot Market Report for USD 401.3 million in 2016 The CAGR of 32.1% in the year 2017 to 2024. The future market report for the year 2014, 2015, the base year of the calculation is 2016 and the forecast period is 2017 to 2024.

Market Segmentation:

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

The global bot service market is also segmented on the basis of a service framework and platform. The framework is further segmented into natural language processing, machine learning, artificial neural networking, and bot analytics.

On the basis of deployment , the global bot 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 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 , North America, South America, Europe, Asia-Pacific and Middle East & Africa.
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Market Definition:

A Bot is a software that is designed to get things done rather than doing on own. With the continuous improvement in the field of technology it can be assumed that it will be capable of handling all kinds of things,

It has its wide application in real estate, media and entertainment, telecom, retail and eCommerce, and others. Increasing user engagement on social media platforms can be considered as the major factor in the growth of bot service market. On the other side, the market is dependent on the market.

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Major Market Drivers & Restraints:

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

Some of the major players of the global Bot service market are

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 SL,
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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Research Methodology:

Data collection is based on data collection with large sample sizes. The market data is analyzed and predicted using market statistics and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report.

Some of the key research methodologies used by the DBMR Research team is-

Vendor Positioning Grid,
Technology Life Line Curve,
Market Time Line Analysis,
Market Overview and Guide,
Company Positioning Grid,
Company Market Share Analysis,
Company Sales Terms of Hardware, Software, Availed Services,
Multivariate Modeling,
Standards of Measurement,
Top to Bottom Analysis,
Vendor Share Analysis.
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Last Updated November 21, 2018