Global Chatbot Market to reach USD 1927.89 million by 2027.

Global Chatbot Market Size study, by End User (Large, Medium and Small Enterprises), by Application (Bots for Service, Bots for Marketing and Others), by Type (Standalone, Web-based and Messenger based), by Product Landscape (Artificial intelligence, Marketing and Human intelligence), by Vertical (Retail, Healthcare, Banking and others) and Regional Forecasts 2021-2027
Product Code:  IACTEIAS_64238831
Chapter 1.Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Chatbot Market, by Region, 2019-2027 (USD Billion)
1.2.2. Chatbot Market, by End user, 2019-2027 (USD Billion)
1.2.3. Chatbot Market, by Application, 2019-2027 (USD Billion)
1.2.4. Chatbot Market, by Type, 2019-2027 (USD Billion)
1.2.5. Chatbot Market, by Product Landscape, 2019-2027 (USD Billion)
1.2.6. Chatbot Market, by Vertical, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Chatbot Market Definition and Scope 
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Chatbot Market Dynamics 
3.1. Chatbot Market Impact Analysis (2019-2027)
3.1.1. Market Drivers
3.1.1.1. Cost reduction by chatbots for businesses
3.1.1.2. Increasing demand from e-commerce and healthcare industries
3.1.2. Market Challenges
3.1.2.1. Lack of human interaction and personalisation
3.1.3. Market Opportunities
3.1.3.1. Rise in virtual assistance in post-pandemic landscape 
Chapter 4. Global Chatbot Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political 
4.2.2. Economical
4.2.3. Social 
4.2.4. Technological 
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Chatbot Market, by End user
5.1. Market Snapshot 
5.2. Global Chatbot Market by End user, Performance - Potential Analysis
5.3. Global Chatbot Market Estimates & Forecasts by End user 2018-2027 (USD Billion)
5.4. Chatbot Market, Sub Segment Analysis
5.4.1. Large enterprise
5.4.2. Medium enterprise
5.4.3. Small enterprise
Chapter 6. Global Chatbot Market, by Application
6.1. Market Snapshot 
6.2. Global Chatbot Market by Application, Performance - Potential Analysis
6.3. Global Chatbot Market Estimates & Forecasts by Application 2018-2027 (USD Billion)
6.4. Chatbot Market, Sub Segment Analysis
6.4.1. Bots for service
6.4.2. Bots for social media
6.4.3. Bot for payments/order processing
6.4.4. Bots for marketing
6.4.5. Others
Chapter 7. Global Chatbot Market, by Type
7.1. Market Snapshot 
7.2. Global Chatbot Market by Type, Performance - Potential Analysis
7.3. Global Chatbot Market Estimates & Forecasts by Type 2018-2027 (USD Billion)
7.4. Chatbot Market, Sub Segment Analysis
7.4.1. Standalone
7.4.2. Web based
7.4.3. Messenger based/third Party
Chapter 8. Global Chatbot Market, by Product Landscape
8.1. Market Snapshot 
8.2. Global Chatbot Market by Product Landscape, Performance - Potential Analysis
8.3. Global Chatbot Market Estimates & Forecasts by Product Landscape 2018-2027 (USD Billion)
8.4. Chatbot Market, Sub Segment Analysis
8.4.1. Artificial intelligence
8.4.2. Marketing
8.4.3. Human intelligence
Chapter 9. Global Chatbot Market, by Vertical
9.1. Market Snapshot 
9.2. Global Chatbot Market by Vertical, Performance - Potential Analysis
9.3. Global Chatbot Market Estimates & Forecasts by Vertical 2018-2027 (USD Billion)
9.4. Chatbot Market, Sub Segment Analysis
9.4.1. Healthcare
9.4.2. Retail
9.4.3. Banking
9.4.4. Media and entertainment
9.4.5. Travel & tourism 
9.4.6. E-commerce
9.4.7. Others
Chapter 10. Global Chatbot Market, Regional Analysis
10.1. Chatbot Market, Regional Market Snapshot 
10.2. North America Chatbot Market 
10.2.1. U.S. Chatbot Market
10.2.1.1. End user breakdown estimates & forecasts, 2018-2027 
10.2.1.2. Application breakdown estimates & forecasts, 2018-2027 
10.2.1.3. Type breakdown estimates & forecasts, 2018-2027 
10.2.1.4. Product Landscape breakdown estimates & forecasts, 2018-2027 
10.2.1.5. Vertical breakdown estimates & forecasts, 2018-2027 
10.2.2. Canada Chatbot Market
10.3. Europe Chatbot Market Snapshot
10.3.1. U.K. Chatbot Market 
10.3.2. Germany Chatbot Market
10.3.3. France Chatbot Market
10.3.4. Spain Chatbot Market
10.3.5. Italy Chatbot Market
10.3.6. Rest of Europe Chatbot Market
10.4. Asia-Pacific Chatbot Market Snapshot
10.4.1. China Chatbot Market 
10.4.2. India Chatbot Market 
10.4.3. Japan Chatbot Market
10.4.4. Australia Chatbot Market
10.4.5. South Korea Chatbot Market
10.4.6. Rest of Asia Pacific Chatbot Market
10.5. Latin America Chatbot Market Snapshot
10.5.1. Brazil Chatbot Market
10.5.2. Mexico Chatbot Market
10.6. Rest of The World Chatbot Market

Chapter 11. Competitive Intelligence
11.1. Top Market Strategies
11.2. Company Profiles
11.2.1. [24]7.ai, Inc
11.2.1.1. Key Information
11.2.1.2. Overview
11.2.1.3. Financial (Subject to Data Availability)
11.2.1.4. Product Summary
11.2.1.5. Recent Developments
11.2.2. Acuvate
11.2.3. Aivo
11.2.4. Artificial Solutions
11.2.5. Botsify Inc.
11.2.6. Creative Virtual Ltd.
11.2.7. eGain Corporation
11.2.8. IBM Corporation
11.2.9. Inbenta Technologies Inc.
11.2.10. Next IT Corp.
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

Global Chatbot Market is valued approximately USD 428.9 million in 2020 and is anticipated to grow with a healthy growth rate of more than 23.95% over the forecast period 2021-2027.

A chatbot is an artificial intelligence software that simulates and processes human conversation (either written or spoken) with a user in natural language via messaging applications, websites, or mobile apps. Driven by AI, machine learning and natural-language processing, chatbots process data to deliver answers to questions of all types. Chatbots are useful in improving operational efficiency, cost-cutting for businesses while offering ease of use, providing added services to employees and customers. They also help organizations to effortlessly resolve various customer queries and problems while reducing the need of human interface. In addition to all this, they allow companies to cater to an unlimited number of customers in a personal way and can be scaled up or down, given the business demands. The data captured by chatbots can be used for internal analysis by the company by generating insights from it. All the aforementioned features, augmented by increased demand from end-use industries such as healthcare, hospitality, retail, e-commerce etc., are acting as drivers for the growth of chatbot market. According to United Nations Conference on Trade and Development, global e-commerce sales jumped to $26.7 trillion in 2019, up 4% from $25.6 trillion in 2018. In addition to that, COVID-19 pandemic increased online retail sales share of total retail sales from 16% to 19% in 2020. The United States continued to dominate the overall e-commerce market, followed by Japan, China, South Korea and UK. The faster adoption of e-commerce will certainly propel chatbots market as manual customer problem resolution and grievance redressal will become tough to execute.

The lack of human interaction and absence of detailed and personalized query resolution in chatbots may restraint its growth to some extent since many businesses might resist the chatbot adoption in their firm. Nonetheless, the post-pandemic landscape acts as an opportunity for chatbot market in the following decade as many businesses are moving towards virtual and automated mode of customer interaction.

Key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World are analysed to provide a holistic picture of Chatbot Market. Due to faster technological adoption by many retail, healthcare and BFSI firms as well as higher concentration of startups in the area, North America is a significant region across the world in terms of market share. Whereas, Asia-Pacific is expected to exhibit highest growth rate for the forecast period 2021-2027 owing to the growing startup culture and drastic increase in e-commerce sector and other online businesses.
Major market player included in this report are:
[24]7.ai, Inc
Acuvate
Aivo
Artificial Solutions
Botsify Inc.
Creative Virtual Ltd.
eGain Corporation
IBM Corporation
Inbenta Technologies Inc.
Next IT Corp.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By End user:
Large enterprise
Medium enterprise
Small enterprise
By Application:
Bots for service
Bots for social media
Bot for payments/order processing
Bots for marketing
Others
By Type:
Standalone
Web based
Messenger based/third Party
By Product Landscape:
Artificial intelligence
Marketing
Human intelligence
By Vertical:
Healthcare
Retail
Banking
Media and entertainment
Travel & tourism
E-commerce
Others
By Region:
North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027

Target Audience of the Global Chatbot Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors


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