Global Bot Services Market 2021 is expected to register a CAGR of 27.1%, during forecast period with Impact of Covid 19 Analysis

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Global “Bot Services Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Bot Services in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. Bot Services Market report categorizes the market based on manufacturers, regions, type, and application. Bot Services Market reports offer a detailed assessment of the Bot Services including enabling technologies, current market situation, market assumptions, restraining factors.

The Global Bot Services market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.

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The Bot Services Market is expected to witness a CAGR of 27.1%, over the forecast period (2018-2023).

The Bots as a service market has gained traction in the recent past given the fact that developments in AI and machine learning have enabled the players in the industry to come up with products which are capable of performing day to day to tasks that are transforming the human lifestyle. These bots have not only found their use in the common lives of consumers, but are also capable of executing important tasks at the workplace as well. Some of the features which they comprise of include, booking tables at restaurants, scheduling meetings, assigning tasks as per individual skills, and also executing financial transactions.

Increasing application fatigue

Application fatigue is the phase through which a customer goes through when he or she is tired of downloading new applications and learning about them. This is also because the businesses have realised that very few people who download the application actually utilize it and hence they have restricted the heavy spending on mobile applications maintenance, development, and marketing. Even though the number of applications released till date goes in millions, more 50,000 applications were released in 2016 per month for iOS alone. This has opened a new window of opportunity for messenger application owners to use extend their services as the usage of existing applications has become more redundant and given way for integration of bots in these messaging applications.

UK to provide new opportunities

In 2017, the voice commerce sales in the region stood at USD 200 million and is expected to reach USD 5 billion by 2022. Around 75% of the people in the region have not yet spoken to a bot, 57% of the people are aware of bots, and 35% of them want to be implemented by the organizations. Every one consumer out of five (21%) were willing to purchase services and goods through a bot and at an average, are willing to spend GBP 314.74 per individual. The section which is most willing to spend maximum via bots is the age group 26-36, GBP 481.15 per individual. This indicates that the younger generation is more willing to spend using bots. The age group which stands at the second position and is willing to GBP 353.41 per individual, is the 37-47. This implies that the deployment of these bots will not only find its utility among businesses as they will reduce costs and optimize their operations, but also will be widely accepted by the customers. The consumers’ perception of the Companies deploying chat-bots is positive in most of the parameters and hence indicates that the consumers in the region are willing to adopt the use bots just as the Companies deploying them.

Major Players: ORACLE CORPORATION, FACEBOOK, INC., GOOGLE LLC, AMAZON WEB SERVICES, INC., MICROSOFT CORPORATION, IBM CORPORATION, ASTUTE SOLUTIONS, NUANCE COMMUNICATIONS, INC., COGNICOR TECHNOLOGIES, CREATIVE VIRTUAL LTD., ACUVATE, and KORE.AI, INC., amongst others.

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The global Bot Services market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.

Bot Services Market Report covers the Top Key-players in 2021:-

  • Oracle Corporation
  • Facebook
  • Inc.
  • Google LLC
  • Amazon Web Services
  • Inc.
  • Microsoft Corporation
  • IBM Corporation
  • Astute Solutions
  • Nuance Communications
  • Inc.
  • CogniCor Technologies
  • Creative Virtual Ltd.
  • Acuvate
  • Kore.ai
  • Inc.

Highlighted points of Bot Services Market Size:

  • Covers the varying market dynamics of the industry.
  • In-depth analysis of market risks, opportunities, limitations, and growth of the market.
  • Includes market driving and restraining factors.
  • Participants profiles along with product description, overview, and business data.
  • Include details of five years of forecast analysis by types, regions, and applications.

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This Bot Services Market Research/analysis Report Contains Answers to your following Questions

  • Which Manufacturing Technology is Used for Bot Services? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Bot Services Market? What’s Their Company Profile, Their Product Information, Contact Information?
  • What Was Global Market Status of Bot Services Market? What Was Capacity, Production Value, Cost and PROFIT of Bot Services Market?
  • What Is Current Market Status of Bot Services Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Bot Services Market by Taking Applications and Types in Consideration?
  • What Are Projections of Global Bot Services Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
  • What Is Bot Services Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is Economic Impact On Bot Services Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are Market Dynamics of Bot Services Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Bot Services Industry?

Key Developments in the Bot Services Market: in Bot Services Market

  • May 2018: Astute Solutions acquired Wilke Global, a technology company which specializes in consumer relations software. The acquisition will strengthen the acquiring entities on agent and self-service tools which are backed by AI.
  • May 2018: Nuance Communications, Inc.’s, collaborated with Daimler AG to power Mercedes Benz User Experience multimedia system through its conversational AI platform.
    March 2018: Acuvate launched Buddy 365 for which is an AI based bot to equip the organizations to roll out and drive adoption of Office 365, and show measurable results

    Reasons to Purchase Bot Services Market Report

  • The increased use of online channels, integration of bots with messaging applications, and enhanced technological developments in AI are expected to drive the market in the near future.
  • The report analyzes the various perspectives of the market with the help of Porter’s five forces analysis
  • The type of security and solution that are expected to dominate the market
  • The regions are expected to witness fastest growth during the forecast period
  • Identify the latest developments, market shares and strategies employed by the major market players.
  • 3 months analyst support along with the Market Estimate sheet (in Excel)

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    Finally, the report Global Bot Services Market 2021 describes the Bot Services industry expansion game plan, the Bot Services industry knowledge supply, appendix, analysis findings, and the conclusion.

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