Pune, India, May 31, 2022 (GLOBE NEWSWIRE) — The global chatbot market size is expected to witness astounding growth by exhibiting a CAGR of 22.5% between 2020 and 2027. Additionally, the market was worth USD 396.2 million in 2019 and is projected to reach USD 1,953.3 million by 2027. Fortune Business Insights, publish this information in its latest report, titled “Chatbot Market Size, Share & COVID-19 Impact Analysis, By Component, By Deployment, By Application, By Industry 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.
KEY INDUSTRY DEVELOPMENTS:
June 2020 – Solvvy Inc. launched its Conversational Concierge, a Next-Gen Chatbot Platform. This platform assists large enterprises to effortlessly provide intelligent, customization, and on-brand support and services to their users across channels.
Request a Sample Copy of the Research Report:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/chatbot-market-104673
Report Scope & Segmentation
Report Coverage
Details
Forecast Period
2020 to 2027
Forecast Period 2020 to 2027 CAGR
22.5%
2027 Value Projection
USD 1953.3 Million
Base Year
2019
Chatbot Market Size in 2019
USD 396.2 Million
Historical Data for