Global Chatbot Market 2018-2019 & Forecast to 2027: Introduction of NLP to Chatbots Offer Lucrative Opportunities for Chatbots Vendors

Dublin, May 14, 2019 (GLOBE NEWSWIRE) -- The "Chatbot Market to 2027 - Global Analysis and Forecasts by Component, Deployment, and Usage End-user" report has been added to ResearchAndMarkets.com's offering. The global Chabot market accounted to US$ 1072.4 Mn in 2018 and is expected to grow at a CAGR of 27.9% during the forecast period 2019 - 2027, to account to US$ 9475.1 Mn by 2027. Chabot vendors are offering virtual assistance capabilities due to factors such as faster response, reduced manpower, cost-efficient, and others. Most of the smartphone and tablet users are using virtual assistants to make the functionality of devices much easier.