Worldwide Chatbot Market – Opening New Doors for Growth – MilTech

Facebook, Inc., Google, Inc., and Microsoft Corporation were the clear winners in the global chatbot market in 2015. Their collective share of close to 97.5% in the market's revenue is an indicator of the extremely consolidated nature of the market. Consumers show an extremely high preference for the products of these three players due to their recognition and the much larger investments they make into developing chatbot technologies. Additionally, Yahoo, Inc. has also made unique floors of development for itself to gather a significant share in the market. According to a research report released by Transparency Market Research, the scope of entry for new players into the global chatbot market is notably minor, given the sheer volume of the communications markets taken up by messaging applications such as Kik, Twitter, Facebook Messenger, WeChat, WhatsApp, Skype, and Line.