PMI, a popular market research platform, recently revealed its latest report. The global bot service market is expected to reach $8.69 billion by 2030. Additionally, the market is expected to grow at a CAGR of 32.4%. The global bot service sector is expected to reach $2.1 billion in 2020. Currently, PMI estimates that the industry will grow at a CAGR of 27.6% to $20.9 billion over the next 8 years.
Bots are programs designed to perform certain specific tasks without any intervention. These programs are based on the efficiency and speed of normal operations. These bots usually work and connect to other web pages and bots through the internet.
Separated into good and bad bots, users can now choose the bot that suits their needs from the popular cryptocurrency trading bots available.
Regarding the report, PMI mentioned two key industry issues. Continuous market growth was led by Matrixport in December 2021. As the fastest growing financial services platform in Asia, Matrixport launched its Grid Trading Bot service. It allows users to create trading paths between USDC/USDT and ETH, BCH and BTC.
Hanryu Bank’s FANTOO Introduces AI Chatbot Service ‘Sejong T-bot’, Market Expansion Driven by Global Internet Infrastructure and NLP Techniques
Similarly, it was around this time that Hanryu Bank’s FANTOO introduced its AI Chatbot service. The service is called Sejong T-bot, and users can find out more by talking to King Sejong.
Apart from these points, the report also mentions that the global internet infrastructure is boosting the BOT service industry. Nowadays, thousands of platforms and tools are used to build and integrate bot services.
This has increased their use in e-commerce and BFSI, resulting in rapid market expansion. The market is also affected by the growing demand for NLP and AI techniques. In addition, increasing urbanization and digitalization also lead to increased investment in the sector of BOT projects.
Names like Google LLC, Aspect Software, Amazon Web Services, etc. It is expected to dominate the market in the coming years. PMI used methods like PEST, SWOT, and Porter’s Five Forces Analysis to prepare the report. As more users become familiar with these robots, these numbers may exceed all expectations.
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