Digital Bots Market Size Worth $5,343.0 Million by 2026: Aftrex Market Research

NEW YORK, August 7, 2018 /PRNewswire/ --

The digital bots market is estimated to reach USD 5,343.0 Million by 2026, according to the latest study by Aftrex Market Research. The increase in global online businesses has propelled the adoption of digital bots.

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Developments in the field of Artificial Intelligence (AI) is estimated to surge the integration of bots in business functions as it provides increased flexibility, high-speed data retrieval, and effective customer interactions. Companies providing digital bot solutions offer features such as convenient programming and customizability as per businesses requirements. These features enable small and medium businesses to adopt this technology at a low cost.

Access complete report along with TOC on "Digital Bots Market Analysis and Segment Forecasts To 2026" at https://www.aftrexmarketresearch.com/report-details.php?id=627 

Sales & marketing application segment to witness high market growth 

Bots are expected to automate company operations such as addressing customer inquiries and other secretarial duties thereby, allowing decision makers to focus on core business functions. Moreover, bots are also expected to increase lead conversion rates due to intelligent programming that allows the bot to refer sales lead to the right person, allowing them to connect in real-time.

Asia Pacific region estimated highest growth CAGR from 2018 to 2026 

The Asia Pacific region is estimated to witness increased adoption of digital bots owing to the rapid penetration of smartphones and other connected devices. Moreover, internet-based companies in this region are employing digital bots to increase their customer reach and product marketing. Small and medium enterprises in this region have been observed to integrate digital bots to increase sales leads and customer relationship management.

Key players operating in the market comprise IBM Corporation, Microsoft Corporation, Google Inc., Facebook, Amazon Web Services, Aspect Software, Nuance Communications, Inbenta Technologies, Creative Virtual, Cognicor Technologies, Astute Solutions among others.

For the purpose of this study, Aftrex Market Research has segmented the digital bots market based on service, communication mode, application, end-use, and regions:

Digital Bots Service Scope (Revenue, USD Million; 2014 - 2026) 

• Framework
  • Artificial Neural Network
  • Bot Analytics
  • Machine Learning
  • Natural Language Processing (NLP)
• Platform

Digital Bots Communication Mode Scope (Revenue, USD Million; 2014 - 2026) 

• Audio
• Text
• Video

Digital Bots Application Scope (Revenue, USD Million; 2014 - 2026) 

• Customer Relationship Management (CRM)
• Sales & Marketing
• Others

Digital Bots End-use Scope (Revenue, USD Million; 2014 - 2026) 

• BFSI
• Education
• Government
• Healthcare
• Media & Entertainment
• Retail & Ecommerce
• IT & Telecommunication
• Others

Digital Bots Regional Scope (Revenue, USD Million; 2014 - 2026) 

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
  • Mexico
• MEA

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