In an era marked by digital transformation, the chatbot market is poised for remarkable growth. Valued at USD 7.01 billion in 2024, the sector is projected to soar to USD 20.81 billion by 2029, reflecting a robust compound annual growth rate (CAGR) of 24.32%.
Innovations in the market are being propelled by global vendors who are keenly integrating advanced technologies such as artificial intelligence (AI) and natural language processing (NLP) to meet evolving consumer expectations and industry needs. This innovation is critical as businesses strive to provide more personalized and efficient customer service solutions. Indeed, the imperative for companies to maintain agility and competitiveness in a swiftly digitizing landscape is driving this surge.
As organizations seek to streaml
New AI Browsers Want to Replace Chrome. It Won’t Be Easy
Mukundan Sivaraj
