US Chatbot Market Size, Share, Analysis, Industry Report and Forecast 2021-2027
The US chatbot market is anticipated to grow at a CAGR of 25.7% during the forecast period (2021-2027). In the US, enterprises are accelerating the adoption of conversational AI to provide better customer experiences, drive revenue and capitalize on new opportunities. Therefore, market players are focusing on focusing on the development of conversational AI in a chatbot for providing better customer service solutions. The US chatbot market is driven by the presence of major market players and the introduction of new chatbots by advanced technologies. The market players in the US are highly inclined towards the adoption of strategies such as mergers and acquisitions, new product launches, business expansion, partnership collaboration, among others to remain competitive in the market. For instance, in Feb 2021, Artificial Solutions International AB launched LUIS^Teneo, a chatbot runtime & development environment for Microsoft Azure customers. The SaaS-based development suite allows to develop, scale, and sustain LUIS-based bots with fewer resources improving conversational bot ROI. In October 2020, Conversica, Inc., announced a fully integrated Intelligent Virtual Assistant for the chat that can deliver two-way, human-like conversations across Website chat, Email, and SMS.
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Besides, in November 2019, the company has launched Teneo Connectors.
Through this connector, chatbots can utilize the back-office technology power
to offer greater intelligence and capabilities. Similarly, in Nov 2019,
[24]7.ai, Inc., provider of customer engagement solutions, announced the
expansion of its messaging capabilities with advanced conversational AI
capabilities. With this AI expansion, companies can improve messaging channels
such as Facebook Messenger with conversational AI. Considering these launches,
considerable growth can be expected in the US chatbot market during the
forecast period.
Market Coverage
·
The
market number available for – 2020-2027
·
Base
year- 2020
·
Forecast
period- 2021-2027
Segment
Covered-
Ø
By
Deployment Mode
Ø
By
Component
Ø
By
Verticals
Ø
By
Application
·
Competitive
Landscape- Amazon Web Services (AWS), Botsify Inc., Conversica, Inc., Creative
Virtual Ltd., Google LLC., IBM Corp., Microsoft Corp., Nuance Communication,
Inc., Oracle, others.
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A
full Report of US Chatbot Market is Available at: https://www.omrglobal.com/industry-reports/us-chatbot-market
Key questions
addressed by the report
·
What is
the market growth rate?
·
Which
segment and region dominate the market in the base year?
·
Which
segment and region will project the fastest growth in the market?
·
How
COVID-19 impacted the market?
Ø
Deviation
from the pre-COVID-19 forecast
Ø
Most
affected region and segment
·
Who is
the leader in the market?
·
How are
players addressing challenges to sustain growth?
·
Where
is the investment opportunity?
US Chatbot
Market Report Segment
By Deployment
Model
·
On-Premises
·
Cloud-based
By Component
·
Solution
·
Services
By Verticals
·
Healthcare
·
Travel
and Hospitality
·
Media
and Entertainment
·
Telecommunication
·
Banking
& Financial Service and Insurance (BFSI)
·
Retail
and E-commerce
·
Others
By
Application
·
Customer
Care
·
Branding
& Advertisement
·
Data
Privacy and Compliance
·
Employee
Engagement and On-boarding
·
Payment
Processing
·
Others
Company
Profiles
·
[24]7.ai,
Inc
·
Aivo
·
Amazon
Web Services Inc.
·
Artificial
Solution International AB
·
Botsify
Inc.
·
CogniCor
Technologies Inc.
·
Contus
·
Conversica,
Inc.
·
Creative
Virtual Ltd.
·
eGain
Corp.
·
Google
LLC.
·
IBM
Corp.
·
Inbenta
Technologies Inc.
·
Microsoft
Corp.
·
MindMeld
Inc. (Cisco)
·
Nuance
Communication, Inc.
·
Oracle
Corp.
·
Personetics
Technologies
·
Pypestream
Inc.
·
SmartBots
·
Verint
Systems Inc.
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