Chatbot Market Size Expected to Reach USD 22.9 Billion at CAGR of 25.4%, By 2030
Characteristics like customer engagement ability, easy user interface, usage of familiar platforms like Facebook chat for customer engagement, excellent human speed of handling customer queries, easy to build are key factors contributing to elevation in the CAGR of Chatbots during forecast period. Market Size – USD 3.49 Billion in 2021, Market Growth - CAGR of 25.4%, Market Trends – Product launches and research for advanced Chatbots According to the current analysis of Reports and Data, the global Chatbot market was valued at USD 3.49 Billion in 2021 and is expected to reach USD 22.9 Billion by year 2030, at a CAGR of 25.4%. In this tech- savvy era of constant connection to social platforms through smart mobile devices, the new generation of customers expects intuitive and seamless customer experience. To satisfy these customer demands and to address the increasing competition in the business space, more brands/ businesses are turning their focus to build chatbots or virtual agent