Skip to main content

Artificial Intelligence in Chatbot Security Market Enhancement and Growth Rate Analysis 2026

A chatbot is a software that incorporates artificial intelligence (AI), in order to process the interactions between humans and virtual assistants. The AI integrated with chatbot increases security and people sending the message over the chatbot aid these in becoming more intuitive, more natural, and comfortable while chatting. Hence, AI increase the security level of data, which proportionally minimizes the threat of cyber threats. Therefore, these features will be one of the factors that helps in propelling growth of the market.


Proliferation of smart phones and other connected devices is the major factor driving growth of the market
Rising adoption of smart devices, including smart phones, is expected to drive growth of the global artificial intelligence market in chatbot security market during the forecast period. Growing adoption of smart phones is increasing the scope for mobile advertising, including SMS & MMS advertising, mobile web, mobile video & television, and several online advertising channels; dependency on social networking sites is increasing; and the requirement for on-demand services such as videos, online messaging applications, video chat, and voice calls, at anytime and anywhere is also rising. These are powerful tools for effective real-time communication. For instance, according to Coherent Market Insights’ analysis, as of 2017, 19% of organizations including retail and financial had deployed AI Chatbot. For instance, NanoRep is an AI based Chabot application that is used for understanding customer issues by monitoring voices of the customer and after applying the analytics it provides valuable solution to the customers.

Increasing utilization and dependency on the internet is expected to increase the risk of cyber-attacks. Artificial intelligence can be used to prevent security issues by providing user authentication in smart phones. Artificial intelligence-based security solutions is a combination of machine learning technology and biometrics, with the capability to identify user behaviour to improve usability and self-service ability. A smart phone integrated with artificial intelligence can capture the pattern of walk, application of pressure to the screen, scroll, and type, without the need for passwords.  

Global Artificial Intelligence in Chatbot Security Market: Regional Insights
North America held a dominant position in the global artificial intelligence market in chatbot security in 2016, and is expected to retain its dominance throughout the forecast period. This growth is attributed to rising cyber-attacks in this region. U.S. accounted for the major market share in the region, owing to increasing cyber-attacks on industries such as healthcare, banking and financial, and retail and manufacturing. For instance, according to the Internet Crime Complaint Center (IC3), in 2016, cybercrimes were valued at over US$1.33 billion globally, in which, California witnessed the highest recorded loss with over US$ 255 million. Additionally, in 2016, around 28% of web application attacks were recorded in the U.S., followed by the Netherlands and Germany.


The market in Asia Pacific is estimated to exhibit the highest CAGR over the forecast period. This is attributed to rising adoption of machine learning and natural language processing technologies as well as increasing number of 5G pilot projects in the region. These features of AI integrated Chabot deliver more accurate result to the users. Therefore, adoption of AI based Chabot is expected to increase in various verticals in order to improve accuracy of the system, which has fuelled growth of the market. For instance, China Telecom Corporation Ltd. established a new 5G base station in Lanzhou on December 2017, to expand 5G pilot projects in China. This in turn, is expected to boost growth of the artificial intelligence market in chatbot security over the forecast period.

Global Artificial Intelligence in Chatbot Security Market: Competitive Background
Major players operating in the artificial intelligence in chatbot security market are Maruti Techlabs, Inbenta Technologies, Inc., Nuance Communications, Inc., Next IT Corporation, Kore.ai, Inc., CreativeVirtual, Pypestream, Nano Rep, Inc., Mindmeld, Inc. and Ubisend.

Labels:

Comments

Post a Comment

Popular posts from this blog

Application Delivery Network Market 2026 Focus On Research Methodology, Market Dynamics

Application Delivery Network is a set of technologies, which provides application availability, security, visibility, and acceleration. The application development network is primarily implemented to work with dynamic content. The major advantage of application delivery network is that it helps in improving the performance of Internet traffic. Increasing data traffic is major factor driving growth of the market. According to Coherent Market Insights, in 2016, 96,054 PB IP data traffic was generated per month and is projected to reach 278,108 PB IP data traffic by 2021, worldwide. Hence, increasing data traffic have accelerated the demand for application delivery network. Download PDF Copy @ https://www.coherentmarketinsights.com/insight/request-pdf/1390 Increasing adoption of mobile traffic is major factor driving growth of the market Increasing adoption of smart phones by user is one of the major reason for mobile data traffic. According to the Coherent Market Insights...
Post a Comment
Read more

Background Music Market Assessment, Forecast: Invant Research by 2026

Global background music market generated revenue of US$ 1.35 billion in 2017. By 2026, the background music market is expected to be valued at US$ 2.31 billion with a CAGR of 6.3% over the forecast period. AV system segment held dominant position in the global background music market in 2017 and is expected to retain its dominance over the forecast period. AV system segment generated revenue of US$ 824.5 Mn in 2017. Request sample copy here @ https://www.coherentmarketinsights.com/insight/request-sample/2563 Availability of variety of music online and affordable subscription services has increased demand for background music. Rather than using compact disc, retailers are now downloading and constantly updating music from online sources. According to Coherent Market Insights’ analysis, paid music streaming subscription revenue was around US$ 230 Mn in 2018 and will reach around US$ 342 Mn by end of 2022, globally. Moreover, to attract more consumers, royalty free background musi...
Post a Comment
Read more

Desktop virtualization Market Will Boost Developments in Global Industry by 2018-2026

Desktop virtualization is a virtualization technology, which is used to separate a computer desktop environment from physical computers by storing desktop in remote location server. Server virtualization has gained significant popularity among organizations to consolidate servers, however, desktop virtualization aid in reducing the complexity associated with deployment and maintenance of devices, which helps IT departments to reduce desktop maintenance cost. Elaborate more @ https://www.coherentmarketinsights.com/ongoing-insight/desktop-virtualization-market-1514 Due to various advantages such as cost saving, simplified management, security, flexibility, and increased productivity have led to increasing adoption of desktop application market globally. Trend of bring-your-own devices (BYOD) is a major factor for growth of the market. Employee satisfaction and retention, increased productivity, and cost saving are some of the advantages leading to demand for BYOD in various o...
Post a Comment
Read more