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Follow on Google News | Global Chatbots Market Size, Share, Trend, Growth and Forecast to 2021Research Nester has recently announced its latest research on Chatbots Market : Global Demand Analysis & Opportunity Outlook 2021
By: Research Nester Chatbots are an artificial conversational character which interacts with human via both verbal and non-verbal communication gateways. Chatbots can work on phones as well as computers and are mostly accessed through internet. All the functions performed by Chatbots are based on an artificial intelligence system. Chatbots are believed to emerge as major channel for commerce and digital communication over next few years. The global Chatbots market was valued at USD 88.5 Million in 2015 and is anticipated to witness a substantial compound annual growth rate (CAGR) over the forecast period i.e. 2015-2021. Regionally, the global Chatbots market is segmented into North America, Latin America, Western and Eastern Europe, Asia-Pacific, Middle East and North Africa (MENA) and Rest of World (Row). North America Chatbots market is likely to escalate owing to adoption of Chatbots by some of the big organizations such as Facebook Inc. In addition to that emergence of new Chatbots providing start-ups in the U.S. is also expected to expand North America Chatbots market in future. Further, Europe is also expected to witness a significant demand of Chatbots from the rapidly growing outsourcing industry in the region. In addition to that, Asia-Pacific Chatbots market is envisioned to witness a robust growth sparked by increasing expansion of messaging applications in countries such as India, Malaysia, South Korea, Japan, Indonesia and China. Demand Analysis & Market Segmentation By Type Stand Alone Web Based By End Use Large Enterprise Small and Medium Sized Enterprise Growth Drivers and challenges Rising inclination of enterprises towards increasing customer experience along with reducing operational costs and working efficiency is expected to garner the growth of global Chatbots market over the forecast period i.e. 2015-2021. In addition to that increasing digital transformation is also envisioned to bolster the global Chatbots market over next 4-5 years. However, lack of awareness and large dependency on humans for customer interaction are anticipated to restrain the global Chatbots market in future. To know more about this research, kindly visit: http://www.researchnester.com/ For Table of Content & Free Sample Report Contact: Ajay Daniel Email: ajay.daniel@ U.S. +1 646 586 9123 U.K. +44 203 608 5919 End
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