Latin America Chatbot Market Size & Outlook, 2023-2030
Latin America chatbot market, 2017-2030 (US$M)
Related Markets
Latin America chatbot market highlights
- The Latin America chatbot market generated a revenue of USD 596.2 million in 2023.
- The market is expected to grow at a CAGR of 22% from 2024 to 2030.
- In terms of segment, solution was the largest revenue generating offering in 2023.
- Services is the most lucrative offering segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 596.2 million |
| Market revenue in 2030 | USD 2,398.0 million |
| Growth rate | 22% (CAGR from 2023 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Services |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution, Services |
| Key market players worldwide | Artificial Intelligence Technology Solutions Inc, EGain Corp, International Business Machines Corp, Verint Systems Inc, Nuance Communications, Inbenta, Creative Virtual, Botsify, Aivo, Acuvate, 24/7 Customer |
Other key industry trends
- In terms of revenue, Latin America region accounted for 9.4% of the global chatbot market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 7,394.3 million by 2030.
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Chatbot Market Scope
Chatbot Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America chatbot market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to chatbot market will help companies and investors design strategic landscapes.
Solution was the largest segment with a revenue share of 61.71% in 2023. Horizon Databook has segmented the Latin America chatbot market based on solution, services covering the revenue growth of each sub-segment from 2017 to 2030.
- Latin America Chatbot Offering Outlook (Revenue, USD Million, 2017-2030)
- Solution
- Services
- Latin America Chatbot Type Outlook (Revenue, USD Million, 2017-2030)
- Standalone
- Web-based
- Messenger-based/Third Party
- Latin America Chatbot Medium Outlook (Revenue, USD Million, 2017-2030)
- Contact Centers
- Websites
- Social Media
- Mobile Applications
- Latin America Chatbot Business function Outlook (Revenue, USD Million, 2017-2030)
- IT Services
- HR Services
- Sales & Marketing
- Finance
- Latin America Chatbot Application Outlook (Revenue, USD Million, 2017-2030)
- Customer Services
- Branding & Advertising
- Personal Assistance
- Data Privacy & Compliance
- Payment Processing
- Others
- Latin America Chatbot Vertical Outlook (Revenue, USD Million, 2017-2030)
- Healthcare
- Retail & E-commerce
- BFSI
- Media & Entertainment
- Travel & Tourism
- Transportation & Logistics
- Others
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Our clientele includes a mix of chatbot market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America chatbot market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America chatbot market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America chatbot market size, by country, 2017-2030 (US$M)
Latin America Chatbot Market Outlook Share, 2023 & 2030 (US$M)
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