Opportunities in the Global Chatbots Market 2018-2025 : Analysis of Opportunities Offered by High Gr
United States, 4 April 2018 -- Report Bazzar announces the addition of new study based research report on Chatbots Market to their suite of offerings.
ReportBazzar has released its latest research-based report entitled “Chatbots” Market. The Report “Global Chatbots Research Report, 2017-2025” provides a picture on Chatbots across different verticals and regions. It aims at estimating the market size and future growth potential of the Chatbots across different segments such as Type, Revenue Model, Deployment, Application and geography. The market for Chatbots has generated USD XX billion and it is expected that the market will grow at XX% CAGR, the market size by 2025 will be USD XX billion.
Over-the-top (OTT) content is the delivery of audio, video, images, and other media over the internet and bypasses traditional content distribution services. OTT services are mostly related to communication and media and are generally lower in cost than the traditional method of content delivery. OTT content, applications, and services are increasingly being adopted in all segments of commerce and society and are affecting and disrupting traditional industries at a significant pace. Consumers use online video instead of traditional television; online communications platforms instead of traditional telephone services; and today are able to download films and music that were once provided only on physical media.
Market segmented on the basis of Type:
Video segment dominated the market and revenue market shares. As the consumer’s viewing preferences are changing, a significant number of viewers are opting streaming services instead of downloading. This trend will continue with OTT service providers offering attractive video catalogues at reasonable prices.
Market segmented on the basis of Deployment:
Ø A cloud-based deployment platform possesses the ability to host software and the service platform from remote locations, which can be accessed and used from anywhere with the help of the internet.
Ø Cloud-based access requires only one application login to sign in to all computers, instead of installing suites of software programs on multiple computers.
Ø Low deployment cost and easy accessibility to data on cloud are encouraging end users to implement cloud-based Chatbots solutions.
Market segmented on the basis of Region:
Ø Chatbots by region segmented into North America, Europe, Asia-Pacific and Rest of the world. By region, North America has dominated the Chatbots market.
Ø North America is considered to be the innovators of OTT services and thus has the largest market for OTT devices and services.
Ø The OTT services in this region have grown beyond streaming of premium video content to being used for several business purposes.
Ø It is widely accepted as a cost-effective alternative to traditional services for business communications. These factors are likely to propel this market’s growth in the Americas over the coming years.
The Chatbots market is dominated by a few global players, and comprises several regional players. Some of the key players operating in the Chatbots are Akamai Technologies, Amazon.com Inc., Apple Inc., Facebook Inc., Google Inc., IBM, LeEco, Limelight Networks, Microsoft Corporation, and Netflix Inc. Several Indian companies have also entered the OTT content market in a big way. Some of the Indian OTT content market players include Star India Pvt. Ltd., Zee Entertainment Enterprises Ltd., Spuul, Eros International Plc., and Viacom 18 Media Pvt. Ltd. and other.
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