Global Chatbot Market GMI Research presumes that the global Chatbot Market will witness a significant boom over the forecast period primarily because of the ongoing developments in Artificial Intelligence and machine learning along with their deployment in various end-user industries such as retail, healthcare, and BFSI.The factors contributing to the growth of the global chatbot market include the increasing implementation of chatbots across several end-use industries, growing consumer demand for round-the-clock support service, and their ability to offer a customized experience without any disturbance. In addition, enormous leading giants such as use chatbots to seize customers efficiently while providing a flawless customer experience. Increasing adoption of chatbot by various leading companies including KLM Dutch Airlines, Starbuck, and Bank of America to provide a seamless experience to the customers has driven the Chatbot market growth. In addition, the deployment of self-learning chatbots to gather feedback, monitor consumer data, and trace purchasing patterns in order to interpret data in minimum time and offer accurate information will strengthen the Chatbot Market share.Based on the Technology, Natural Language Processing is projected to capture the highest share over the coming years, owing to the rising need to offer a high-quality customer experience and accelerating penetration of smart devices. As per the Chatbot Market analysis, increasing adoption of cloud-based and web business applications with the continuous modernizations in machine-to-machine technology has supplemented the segment’s size.Based on the Deployment Model, On-Premises Chatbot is forecast to expand at a faster CAGR over the forecast period, owing to their ability to reduce operational cost and ensure safety.Based on region, Asia-Pacific is expected to dominate the market during the forecast period, primarily because of the increasing investments in chatbot and machine learning technology and rising adoption of chatbots by small and medium-sized enterprises to ensure customer engagement.Chatbot Market Segmentation:Segmentation by ComponentSolutionsPlatformSoftwareServicesManaged ServicesProfessional ServicesSegmentation by TechnologyMachine Learning and Deep LearningNatural Language ProcessingAutomated Speech RecognitionSegmentation by Deployment Model         On-PremisesCloudSegmentation by UsageWebsitesContact CentresSocial MediaMobile PlatformSegmentation by Organization SizeLarge EnterprisesSmall and Medium-Sized EnterprisesSegmentation by ApplicationCustomer SupportPersonal AssistantBranding and AdvertisementCustomer Engagement and RetentionData Privacy and ComplianceOn-Boarding and Employee EngagementOthersSegmentation by VerticalBanking & Financial Services and InsuranceRetail and EcommerceHealthcareTravel and HospitalityMedia and EntertainmentTelecommunicationsOthersSegmentation by Region:EuropeUnited KingdomGermanyFranceSpainRest of EuropeAsia PacificChinaJapanIndiaRest of APACNorth AmericaUnited States of AmericaCanadaRoWUAEBrazilSouth AfricaSaudi ArabiaAbout GMI ResearchGMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.Media ContactCompany Name: GMI RESEARCHContact Person: Sarah NashEmail: [email protected]: Europe – +353 1 442 8820; US – +1 860 881 2270Address: Dublin, IrelandWebsite: www.gmiresearch.com