Market Trends
More companies are investing in Chatbot development every day due to the unprecedented capabilities displayed in its development to mimic human response.
Chatbot technology has made its way into many industrial verticals ranging from healthcare, banking, It industry, eCommerce, travel & hospitality, real estate, etc.
According to Business Insider, the Chatbot industry is projected to grow from $2.6 billion in 2019 to $9.4 billion by 2024 at a compound annual growth rate (CAGR) of 29.7%