Bot Services Market to Witness Phenomenal CAGR of 28.49% by 2022

The study of the “Bot Services Market” provides the market size information and market trends along with the factors and parameters impacting it in both short and long term. The study ensures a 360° view, bringing out the complete key insights of the industry.

Dallas, United States – January 31, 2018 /MarketersMedia/ —

Global Bot Services Market to grow at a CAGR of 28.49% during the period 2018-2022.

Bots or chatbots are robots that are used to interact with human beings on various platforms. Bot services include services that are provided to develop and deploy chatbots. Bot services are divided into bot framework services and bot platform services. To calculate the market revenue, we have considered the revenues generated from bot framework services, which are used to develop bots, and bot platform services, which are used to deploy bots.

The report covers the present scenario and the growth prospects of the global bot services market for 2018-2022. To calculate the market size, the report considers the revenue generated from the bot services.

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Commenting on the report, an analyst from  team said: “The latest trend gaining momentum in the market is The advent of cloud bot-as-a-service. Various large organizations are adopting cloud bot services owing to their easy accessibility and cost-effectiveness. For instance, Microsoft launched cloud bot services that provides a platform to register, build, deploy, and manage intelligent bots. This cloud service uses Microsoft Azure bot service and enables the user to integrate Microsoft Cognitive Services to enhance the user experience.”

Research report, Global Bot Services Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

com
IBM
Microsoft
Oracle

Market driver

Cost benefits of bots services
For a full, detailed list, view our report

Market challenge

Data privacy and security risks
For a full, detailed list, view our report

Market trend

The advent of cloud bot-as-a-service
For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2022 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?

You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.

Companies Mentioned:

Amazon.com, IBM, Microsoft, and Oracle

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Source: MarketersMedia

Release ID: 294714