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The Asia Pacific Chatbots Market Size is anticipated to experience a market growth of 37.4% CAGR during the forecast period (2017-2023).
A program which is used to converse with users via a chat interface can be called as a chatbot. It is a service, which is a computer-based program and operates over the internet. The Chatbots are designed in such a manner that it could provide customers with a better digital experience.
Chatbots offer new opportunities for retailers; as they can use Chatbots for promoting their websites and enhance their website experience. It has been observed that digitalized back-end processes have gained more consumer engagement. Chatbots have gained prominence in various applications such as in e-commerce based customer service, internet gaming, and also largely in call centers.
Various interfaces such as mobile, stand-alone, and internet are used to create a platform for chatbots. Despite its limited usage only in large enterprises, the chatbot market is potent industry and would be a potential market during the forecast period. Based on the types, the Chatbots market is segmented into Solution and Services. The Services market is segmented into Professional and Managed Services.
Based on the Usages, the market is segmented into Websites, Contact Centers, Social Media, and Mobile Platform. Based on Organization Sizes, the market is segmented into Small & Medium Enterprises and Large Enterprises. Based on Deployment Types, the market is segmented into Cloud and On-Premise. The verticals covered under the report include BSFI, Communication, Utilities, Healthcare, Travel & Hospitality, Government, Retail, Education, and Others. Based on Country, Chatbots market is segmented China, Japan, India, South Korea, Singapore, Malaysia and Rest of Asia Pacific.
China remained the dominant Country in the Asia Pacific Chatbots market in 2016. South Korea and India would witness promising CAGR during the forecast period (2017-2023). The report covers the analysis of key stakeholders of the Chatbots market. Key companies profiled in the report include International Business Machines Corporation (IBM), Nuance Communications, Inc., Egain Corporation, Next IT Corporation, Google Inc. (Speaktoit, Inc.), 247 Customer, Inc., CX Company, and Creative Virtual Pvt. Ltd.