Chatbot Market - Desirable Investment Opportunities in Global Markets by Amazon Web Platform, Google, IBM, Chatfuel, AIVO,

The growing adoption of the internet of things (IoT) and drastically changing digitization environment are majorly impacting the chatbot market.

The global chatbots market is anticipated to witness high growth during the prediction period as they allow enterprises to significantly decrease operating costs. In addition, the huge number of innovations in machine learning and artificial intelligence technologies are anticipated to improve the various features of chatbots that acts as one of the major driving factors contribute to the growth of the global chatbots market. The global chatbot market size is anticipated to reach nearly USD 15 billion by 2025, growing at a CAGR of nearly 30% during the forecast period 2018-2025.

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Likewise, a huge increase has been seen in the various users of several messaging services that is anticipated to increase the number of users of the different social media platforms Moreover, there has been a high advancement in the NLP that has resulted in streamlined communications among human languages and computers.

In terms of regional landscape, North American market for chatbots is anticipated to emerge as one of the major region during the prediction period. Likewise, the growth of the region is owing to the growing adoption of chatbots in the number of business sectors. However, technologies such as IoT, artificial intelligence, as well as APIs are evolving as significant pace. Chatbots are hugely integrated with such technologies to provide improved operations, hence driving market demand. Furthermore, AI and audio speech-based chatbots are likely to account for the highest revenue into coming future.

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Key Segments of the Global Chatbot Market

Technology Overview, 2018-2025 (USD Billion)

Machine Learning
Automated Speech Recognition
Natural Language Processing
Natural Language Generation

Platform Overview, 2018-2025 (USD Billion)


Application Overview, 2018-2025 (USD Billion)

Customer Service
Administrative/Business Management

Regional Overview, 2018-2025 (USD Billion)

North America


Rest of Europe
Asia Pacific

Rest of Asia-Pacific
Middle East and Africa

South Africa
Rest of Middle East and Africa
South America

Rest of South America

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Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code- Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

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Name: Ryan Johnson
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Organization: Adroit Market Research

Release ID: 89008528