Pune, India -- (SBWire) -- 08/21/2018 --This market report offers a comprehensive overview of the Bot Service market considering all the trends, market dynamics, and competitive scenarios. Also, the Bot Service market report is comprised of a brief overview of the market focusing on definitions, market segmentation, end-user applications and value chain analysis. If you have a different set of players/manufacturers according to geography or needs regional or country segmented reports we can provide customization according to your requirement globally With Expanding Future Business Scope. The Bot Service market also presents vital statistics on the condition of the industry and is a valuable source of guidance for clients and other businesses interested in the market.
The Global Bot Service Market accounted for USD 401.3 million in 2016 growing at a CAGR of 32.1% during the forecast period of 2017 to 2024.
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Major players: Microsoft, IBM Corporation, Google, Facebook, Amazon Web Services, Inc., Nuance Communications, Inc.,Aspect Software, Inc., Astute Solutions, Next IT Corp., Kore.ai, Inc., Rasa Technologies GmbH, Pypestream, Avaamo, Pandorabots, LogMeIn, Artificial Solutions, Botego, Chatfuel, Webio, Do You Dream Up, Inbenta Technologies Inc., Creative Virtual Ltd., IPsoft Inc., 24/7 CUSTOMER INC., CogniCor Technologies S.L., and others.
Market Segments
Market segment on basis of Regions/Countries Regions/Countries
- North America,
- South America,
- Europe,
- Asia-Pacific,
- Middle East & Africa
Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
The global bot service market is also segmented on the basis of service into
- Framework,
- Platform
The framework segment is further segmented into Natural language processing, Machine learning, Artificial neural network, Bot analytics
On the basis of deployment channel, the global bot service market is further segmented into
- Websites,
- Contact center,
- Customer service,
- Social media,
- Mobile applications
On the basis of end-user, the global bot service market is further segmented into
- Banking,
- Financial services,
- Insurance,
- Government,
- Real estate,
- Media and entertainment,
- Telecom,
- Retail and ecommerce,
- Education,
- Travel and hospitality,
- Healthcare
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Market Drivers and Restraints
- Dependency on Deployment Platforms for Bots
- Highly Advanced AI and NLP Tools Bolstering the Market Growth
- Increasing User Engagement on Social Media Platforms
- Lack of Awareness
Important highlights covered in the global Bot Service market
- Key points related to the focus on Bot Service market like product definition, variety of application, Revenue and demand and supply statistics
- Analysis of the various growth opportunities in the Bot Service market for stakeholders and to provide details of competitive landscape for significant players
- Competitive study of the top Vendors operating in the market space along with analyzing the latest trends and strategies used by various Companies.
- Accurate predictions on upcoming trends and changes in consumer behavior
- Growth of the Bot Service industry across various geographies such as the North America Europe, Asia-Pacific, South America and Middle East & Africa.
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The Future of Bot Service Market Growing at Excellent CAGR of +32.1% and What Factors Will Drive the Industry in Upcoming Years
Global Bot Service Market, By Geography; Mode; Service; Deployment Channel (Websites, Contact Center & Customer Service, Social Media , Mobile Applications); End-user