Global AI Chatbots Market report covers the information that can assess the growth of end-users and production as well as consumption of the supply. Furthermore, the study highlights restraints that hinder AI Chatbots Market growth during the forecast period.
Pune, Feb. 14, 2022 (GLOBE NEWSWIRE) -- The Global AI Chatbots Market size is expected to gain momentum owing to the advancement in AI technologies during the forecast period. This information is published in this latest report, titled, “Global AI Chatbots Market, 2022-2028.” A chatbot is an artificial intelligence-powered application that communicates with a human to solve a problem or respond to a question. This helps AI Chatbots market growth by reducing operational time and increasing efficiency. Because of advances in AI technologies such as machine learning, the use of virtual assistants is on the rise. Chatbots and smart speakers are examples of virtual assistants that are employed in a variety of industries, including retail, BFSI, and healthcare.
The report also presents the market competition landscape and a corresponding detailed analysis of the major players in the market. The key players covered in this report: Breakdown data in in Chapter 3.
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Global lockdown is expected to cause a minor slowdown in the AI Chatbots market in 2020. Almost every industry has been shaken by the COVID-19 epidemic, which has exacerbated churn. The lockdown is having a negative influence on global production, supply networks, and logistics, and the continuity of operations in numerous industries. Manufacturing, transportation and logistics, and retail and consumer products are the industries with the most problems.
Asia Pacific is expected to hold the largest Global AI Chatbots Market share during the forecast period. Numerous startups in the region are investing in chatbots and machine learning technology. Furthermore, small and mid-sized businesses are increasingly integrating chatbots into their customer service processes, which provides flawless performance, handles a large number of customers, and improves client engagement strategies.
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Segmentation by type: breakdown data from 2017 to 2022 in Section 2.3; and forecast to 2028 in section 10.7.
Segmentation by end user: breakdown data from 2017 to 2022, in Section 2.4; and forecast to 2028 in section 10.8.
The market's many competitors are challenged to produce ground-breaking services that address changing technology, corporate processes, consumer assistance, and security requirements. In the current market climate, leading firms are engaged in fierce battle for market dominance by improving quality and product differentiation, allowing for market consolidation through strategic initiatives such as mergers, alliances, and acquisitions.
April 2020 - IBM's Watson Assistant chatbots have aided government agencies, healthcare organizations, and academic institutions around the world in putting crucial data and information into the hands of their citizens using AI.
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Detailed TOC of Global AI Chatbots Market:
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
2 Executive Summary
2.1 World Market Overview
2.1.1 Global AI Chatbots Market Size 2017-2028
2.1.2 AI Chatbots Market Size CAGR by Region 2017 VS 2022 VS 2028
2.2 AI Chatbots Segment by Type
2.2.2 Web Widgets
2.3 AI Chatbots Market Size by Type
2.3.1 AI Chatbots Market Size CAGR by Type (2017 VS 2022 VS 2028)
2.3.2 Global AI Chatbots Market Size Market Share by Type (2017-2022)
2.4 AI Chatbots Segment by End User
2.4.1 Large Enterprises
2.5 AI Chatbots Market Size by End User
2.5.1 AI Chatbots Market Size CAGR by End User (2017 VS 2022 VS 2028)
2.5.2 Global AI Chatbots Market Size Market Share by End User (2017-2022)
3 AI Chatbots Market Size by Player
3.1 AI Chatbots Market Size Market Share by Players
3.1.1 Global AI Chatbots Revenue by Players (2020-2022)
3.1.2 Global AI Chatbots Revenue Market Share by Players (2020-2022)
3.2 Global AI Chatbots Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2020-2022)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 AI Chatbots by Regions
4.1 AI Chatbots Market Size by Regions (2017-2022)
4.2 Americas AI Chatbots Market Size Growth (2017-2022)
4.3 APAC AI Chatbots Market Size Growth (2017-2022)
4.4 Europe AI Chatbots Market Size Growth (2017-2022)
4.5 Middle East & Africa AI Chatbots Market Size Growth (2017-2022)
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