The global bot services market size was USD 1.22 Billion in 2021 and is expected to register a revenue CAGR of 33.68% during the forecast period, according to latest analysis by Emergen Research. Growing advancements in chatbot technologies and rising initiatives from the government are factors projected to support market revenue growth between 2021 and 2030. For example, on 07 December 2022, London's Violence Reduction Unit (VRU) financed a new chatbot service to assist children who are in danger of exploitation in collaboration with the nonprofit Missing People. Chatbot service will provide youths between the ages of 13 and 18 with free, private support using online chatbots and one-on-one conversations with qualified support staff. Young Londoners who are concerned about something that is happening to them can contact the one-to-one messaging platform seven days a week from 4 pm to 11 pm, with the bot and online counseling available 24 hours a day thanks to funding from London's VRU.

The report also offers estimations and predictions about the market segment and sub-segments exhibiting promising growth in the forecast timeline. The report also provides deeper insights into the technological advancements, industrial landscape, and emerging product and technological developments in the Bot Services market. It offers fruitful insights into the business sphere to help businesses capitalize on the lucrative growth opportunities.

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Competitive Terrain:

The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Bot Services market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.

The leading market contenders listed in the report are:

IBM, Microsoft, Google, Amazon.com, Inc., Nuance Communications, Inc., Inbenta Holdings Inc., Creative Virtual Ltd., Enterprise Bot, Chatfuel, Artificial Solutions, Alvaria, Pandorabots, Inc., Creative Virtual Ltd

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Emergen Research has segmented the global Bot Services market on the basis of type, application, end-use, and region:

Segments Covered in this report are:

• Technology Outlook (Revenue, USD Billion; 2019–2030)

  • Platform
  • Framework

• Mode of Interaction Outlook (Revenue, USD Billion; 2019–2030)

  • Text and Rich Media
  • Video
  • Audio

• Deployment Outlook (Revenue, USD Billion; 2019–2030)

  • Social Media
  • Website
  • Mobile Applications
  • Contact Center

The various regions analyzed in the report include:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Objectives of the Report:

• Analysis and estimation of the Bot Services Market size and share for the projected period of 2022-2030
• Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
• Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Bot Services Market
• Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
• Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities

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