Global AI Chatbots Market Growth (Status and Outlook) 2023-2029

Global AI Chatbots Market Growth (Status and Outlook) 2023-2029

A chatbot is a software application used to conduct an on-line chat conversation via text or text-to-speech, in lieu of providing direct contact with a live human agent.Designed to convincingly simulate the way a human would behave as a conversational partner, chatbot systems typically require continuous tuning and testing, and many in production remain unable to adequately converse or pass the industry standard Turing test.
LPI (LP Information)' newest research report, the “AI Chatbots Industry Forecast” looks at past sales and reviews total world AI Chatbots sales in 2022, providing a comprehensive analysis by region and market sector of projected AI Chatbots sales for 2023 through 2029. With AI Chatbots sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world AI Chatbots industry.
This Insight Report provides a comprehensive analysis of the global AI Chatbots landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on AI Chatbots portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global AI Chatbots market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for AI Chatbots and breaks down the forecast by type, by end user, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global AI Chatbots.
The global AI Chatbots market size is projected to grow from US$ 3262.8 million in 2022 to US$ 63760 million in 2029; it is expected to grow at a CAGR of 52.9% from 2023 to 2029.
The key players of global AI Chatbots market includes IBM, [24]7.ai, Google, Nuance Communications, AWS and so on. In 2019, the top 5 companies accounted for a total market share of about 33%, among which [24]7.ai is in the dominating position, with occupying nearly 9% of global market.
This report presents a comprehensive overview, market shares, and growth opportunities of AI Chatbots market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Messengers
Web Widgets
Others
Segmentation by end user
Large Enterprises
SMEs
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
IBM
[24]7.ai
Google
Nuance Communications
AWS
LogMeIn
Inbenta
Kore.ai
Gupshup
AIVO
Yellow Messenger
CogniCor Technologies
Passage AI
Chatfuel
SmartBots.ai

Please note: The report will take approximately 2 business days to prepare and deliver.