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Global Bot Service Market Size will Escalate Rapidly in the Near Future 2019: Dominated By And others Forecast 2026

Global Bot Service Market

Definition:

A bot is a type of software that is designed to get the tasks done automatically rather than doing on your own. With the continuous improvement in bot technology it can be assumed that it will become capable of handling all kinds of things, comprising of something that is as complex as tax. It has its wide application in real estate, media and entertainment, telecom, retail and e-commerce, and others. Increasing user engagement on social media platforms may be considered as the major factor in driving the growth of bot service market.

 

Analysis of Global Bot Service Market report:

Global Bot Service Market is driven by increasing number of internet users, which is projecting a rise in estimated value from USD 700.28 million in 2018 to an estimated value of USD 6493.73 million by 2026, registering a CAGR of 32.10% in the forecast period of 2019-2026.

 

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Market Drivers:

  • Rise in the number of social media users & their engagement on internet across the globe.
  • Rapid technological development within artificial intelligence industry & machine learning drives the demand for this particular market.

 

Market Restraints:

  • The process for deployment of the bots platform is highly dependent which restraints the market.
  • Lack of awareness & knowledge about the bot service is hampering the growth of the market.

 

Leading Key players profiled in this report are:

Someof the major competitors currently working in Bot Service market are Microsoft, IBM Corporation, Google, Facebook, Amazon Web Services, Inc., Nuance Communications, Inc., Aspect Software, Inc., Inbenta Technologies Inc., Creative Virtual Ltd., IPsoft Inc., [24]7.ai, Inc., CogniCor Technologies, Astute Inc., Next IT Corp., Kore.ai, Inc., Rasa Technologies GmbH, Pypestream, Avaamo, Pandorabots, Inc., LogMeIn, Inc., Artificial Solutions, Chatfuel and Webio.

 

Global Bot Service Market Segmentation:

By Service

  • Framework
  • Natural Language Processing
  • Machine Learning
  • Artificial Neural Network
  • Bot Analytics
  • Platform

By Mode

  • Text and Rich Media
  • Audio
  • Video

By Deployment Channel

  • Websites
  • Contact Center & Customer Service
  • Social Media
  • Mobile Applications

By Geography

  • North America
  • South America
  • Europe
  • Asia-Pacific

 

Competitive Analysis:

Global bot service market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of bot service market for global, Europe, North America, Asia Pacific and South America.

 

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The Global Bot Service Market report provides the global market size of the main players in each region. Moreover, the report provides knowledge of the leading markets players within the Global Bot Service Market. The industry changing factors for the market segments are explored in this report.  This analysis report covers the growth factors of the worldwide market based on end-users. Market opportunities and recommendations for new investments are also encompassed in this report.

 

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