Bot services market is predicted to reach USD 7.3 billion at a CAGR of 31.40% during the forecast period:
Market Research Future (MRFR) has published a cooked research report on the โGlobal Bot services Marketโ that contains information from 2018 to 2030. The Bot services market is estimated to register a CAGR of 31.40% during the forecast period of 2023 to 2030.
MRFR recognizes the following companies as the key players in the global Bot services marketโ Amazon Web Services Inc (U.S.), Aspect Software Inc (U.S.), Astute Inc (U.S.), Creative Virtual Ltd (U.K.), Facebook Inc.(U.S.), Google LLC (U.S.), International Business Machines Corporation (U.S.), Inbenta Technologies Inc. (U.S.), Microsoft Corporation (U.S.) and Nuance Communications Inc. (U.S.)
Market Highlights
The global Bot services market is accounted to register a CAGR of 31.40% during the forecast period and is estimated to reach USD 7.3 billion by 2030.
The bot services market refers to the industry segment that focuses on the development and deployment of software bots, commonly known as chatbots. These chatbots are designed to automate and streamline various tasks, interactions, and processes through natural language processing and artificial intelligence technologies. They are utilized in customer service, virtual assistance, sales support, and other applications to enhance efficiency, improve user experiences, and reduce operational costs.
Segment Analysis
The global bot services market has been segmented based on Technology, Deployment and Application.
On the basis of Technology, the market is segmented into framework and platform. In the year 2021, the platform sector had a sizable market share in the worldwide bot services industry. A variety of tools are available through bot platform services to create and implement bot services.
Based on Deployment, the global Bot services market has been segmented into websites, contact centers, social media, and mobile applications. In the year 2021, the social media sector accounted for a sizeable portion of the worldwide bot services market. Businesses now use social media platforms like Twitter, Facebook, and Instagram to reach customers because they have ingrained themselves in peoples' lives.
Based on Application, the global Bot services market has been segmented into retail, BFSI, healthcare, IT and telecom, travel and hospitality, and others. In 2021, the BFSI sector held the largest market share in the overall market for bot services. The BFSI sector is one that is heavily regulated.
Regional Analysis
The global Bot services market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Bot services market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Bot services market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Bot services market comprises of Middle East, Africa, and Latin America.
The market for bot services worldwide is anticipated to be dominated by North America. They were caused by the quick uptake of new technology and the abundance of several bot service providers. In terms of Gross Domestic Product, technological advancements, and technical infrastructure, the region has one of the best-structured economies.
Due to an increase in the number of people using social media platforms like Facebook Messenger, Telegram, and WeChat, APAC is predicted to experience impressive market growth with the highest CAGR over the projection period.
Key Findings of the Study
- The global Bot services market is expected to reach USD 7.3 billion by 2030, at a CAGR of 31.40% during the forecast period.
- The market for bot services worldwide is anticipated to be dominated by North America. They were caused by the quick uptake of new technology and the abundance of several bot service providers.
- Based on Application, the BFSI sector held the largest market share in the overall market for bot services.
- Amazon Web Services Inc (U.S.), Aspect Software Inc (U.S.), Astute Inc (U.S.), Creative Virtual Ltd (U.K.), Facebook Inc.(U.S.), Google LLC (U.S.) and International Business Machines Corporation (U.S.)
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Companies Covered | 15 |
Pages | 100 |
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