Global Bot Services Industry

Global Bot Services Industry

  • September 2020 •
  • 481 pages •
  • Report ID: 5956155 •
  • Format: PDF
Global Bot Services Market to Reach US$2.5 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Bot Services estimated at US$746 Million in the year 2020, is projected to reach a revised size of US$2.5 Billion by 2027, growing at a CAGR of 18.6% over the period 2020-2027.Framework, one of the segments analyzed in the report, is projected to grow at a 19.7% CAGR to reach US$1.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Platform segment is readjusted to a revised 17.7% CAGR for the next 7-year period. This segment currently accounts for a 57.6% share of the global Bot Services market.

The U.S. Accounts for Over 28.8% of Global Market Size in 2020, While China is Forecast to Grow at a 23.6% CAGR for the Period of 2020-2027

The Bot Services market in the U.S. is estimated at US$214.8 Million in the year 2020. The country currently accounts for a 28.79% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$493.4 Million in the year 2027 trailing a CAGR of 23.6% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 14.7% and 17.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 16.1% CAGR while Rest of European market (as defined in the study) will reach US$493.4 Million by the year 2027.We bring years of research experience to this 5th edition of our report. The 481-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,
  • [24]7.ai, Inc.
  • Amazon Web Services, Inc.
  • Aspect Software, Inc.
  • Astute, Inc.
  • Creative Virtual Pvt. Ltd.
  • Facebook, Inc.
  • Google LLC
  • IBM Corporation
  • Inbenta Technologies, Inc.
  • Microsoft Corporation
  • Nuance Communications, Inc.