The chatbot market is estimated to be valued at US$ 6.04 Bn in 2023 and is expected to exhibit a CAGR of 25.7 % over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

The chatbot market refers to the development and use of artificial intelligence-powered chat programs or virtual customer assistants that can converse with humans via messaging applications, websites, or mobile ... Read more

Chatbots are conversational agents designed to engage with users through messaging platforms and assist them through their queries. Chatbots offer around-the-clock support without any delays, helping boost customer satisfaction. They can retrieve FAQs, resolve common issues, route queries to appropriate agents, and complete basic tasks to reduce wait times for consumers. The global Chatbot Market is estimated to be valued at US$ 6.04 billion in 2023 and is expected to exhibit a CAGR ... Read more

Chatbots are AI-powered computer programs that interact with people through text or voice conversations. They can intelligently understand customer queries, engage with them proactively and respond in a friendly conversational manner. Chatbots help businesses optimize their customer support while reducing costs. They can quickly answer common queries 24/7, freeing human support agents to focus on more complex issues. The global chatbot market is seeing growing demand from industries like ... Read more