Chatbot Market To Hit $24.58 Billion By 2030: Cognitive Market Research

The Global Chatbot Market size is valued at USD 3.02 Billion in 2022 and is projected to be USD 24.58 Billion by 2030, growing at a CAGR of 21.58% from 2023 to 2030. Companies are profitably investing in the market, with Google launching Bard AI Chatbot to compete with ChatGPT. Chatbots are commonly used for the improvement of IT service management experience, and software component dominates the chatbot market as the software allows incorporation of natural language processors along with cloud-based deployment and AI facility.