Retail chatbot market is anticipated to grow at a significant CAGR of 19.5% during the forecast period (2024-2031). A retail chatbot is a specially designed software program that simulates human conversation while interacting with potential and existing customers. It uses Artificial intelligence (AI), Machine Learning (ML) and Natural Language Processing (NLP) to provide customers with personalized care and help recreate an in-person buying experience.
Communication devices market is anticipated to grow at a CAGR of 7.9% during the forecast period (2024-2031). Communication devices are electronic devices that can send digital or analog signals wirelessly or via a wired network.
6G market is anticipated to grow at a CAGR of 40.2% during the forecast period (2023-2030). 6G is referred for the sixth generation of cellular networks, which will provide real wireless intelligence. It will make it possible to move freely in the cyber-physical continuum, between the connected physical world of senses, actions, and experiences, and its programmable digital representation. Various types of technology that will be required to deliver 6G use cases include zero-energy sensors and actuators; next-generation augmented reality (AR) glasses, contact lenses, and haptics
ETRM market is expected to witness substantial growth, with a projected CAGR of 5.6% during the forecast period. The market is driven by factors such as increasing demand for efficient energy trading and the need for effective risk management. Also, the growing adoption of ETRM software to manage energy demand and supply among companies is anticipated to propel the growth of the market.
Crypto asset management market is anticipated to grow at a CAGR of 8.5% during the forecast period. The growing investment in digital assets has driven the growth of the global crypto asset management market. According to the European digital asset management firm CoinShares’ weekly fund report, in June 2023, crypto-based investment products recorded their largest single weekly inflows since July 2022.
The US chatbot market is projected to grow at a modest CAGR during the forecast period (2022-2028). The key aspect that drives the growth of the market in the US includes the increasing use of virtual assistance such as chatbots in various verticals such as healthcare, travel & hospitality, media & entertainment, BFSI, and others. Among all these sectors, the BFSI industry is one of the largest growing industry in the US, the demand for chatbots in BFSI sector has increasing rapidly owing to the increasing demand to improve customer relationship management (CRM).
The North American Chatbot market is anticipated to grow at a CAGR during the forecast period (2022-2028). The market is set to display impressive growth during the forecast period with some key trends emerging, such as growing adoption of customer care services in enterprises to reduce operational cost, a significant rise in messaging services, and development in Natural language processing (NLP) and AI technologies. Moreover, product innovation, strategic collaborations, and business expansion by key players is also the factor driving the growth of the market.
The Asia-Pacific chatbot market is predicted to grow considerably at a CAGR during the forecast period (2022-2028). The chatbot market in Asia-Pacific is growing owing to increasing industrialization. Many large enterprises are increasingly adopting the chatbot in their routine customer service activities. This led to the high demand for chatbots in the region. In addition, the rising retail & e-commerce business in emerging economies such as China, Japan, and India in the region has accelerated the high demand and large adoption of chatbots by retailers and e-commerce business owners.
The global chatbot market is anticipated to grow at a CAGR of around 25.4% during the forecast period (2021-2027). The chatbots are AI software designed to provide online information to customers or learners interactively via textual conversation process.
The global B2B e-commerce market is estimated to grow at a significant CAGR during the forecast period. Expansion of the e-commerce industry, technological advances in the e-commerce industry, and the rising number of new players in e-commerce are some of the major factors contributing to the growth of the market.
The global consulting industry is at moving at a stagnant pace or rather seeing a downfall during this coronavirus outbreak. However, the industry will project a considerable growth rate in the upcoming few months; post the end of the pandemic situation. Consulting is a people-based business and travel-heavy industry; owing to which the industry is experiencing a tumble, as the coronavirus safety model doesn’t blend well with the consulting industry requirements.
Hosted PBX offers cloud-based voice systems via the
internet, and the service is delivered through equipment located on
premises of the provider. It is considered as the Voice over IP (VoIP)
service, the outsource of hosted voice services to a vendor, allow to
expand businesses. The adoption of hosted PBX services allows to
increase uptime and reliability, outsource updates & maintenance,
reduce implementation costs and improve enterprise.