Computational Biology Market Qualitative Analysis By Industry Overview, Trends, Market Drivers And Restraints 2012-2020

Global Computational Biology Market is expected to reach USD 4,285.1 million by 2020 growing at a CAGR of 21.1%, according to a new study by Grand View Research, Inc. Steady increase in the usage & application of computational biology for bioinformatics R&D programs designed for sequencing genomes to better understand biological systems and increasing number of clinical studies in pharmacogenomics and pharmacokinetics for novel drug discovery studies are expected to drive computational biology demand over the next six years.

Computational genomics for cellular and biological simulation applications dominated the market in 2013, accounting for over 47% of global revenue. Key factors driving demand for these applications include the growth of drug designing, disease modeling and personalized medicine applications and the growing usage of computational biology for functional and structural genomics, epigenomics and metagenomics for the analysis of protein transcription, protein-protein interactions, gene sequencing and expression and 3-dimensional protein structure analysis.

Full Research Report on Global Computational Biology Market Analysis:  

http://www.grandviewresearch.com/industry-analysis/computational-biology-market

Further key findings from the study suggest:

• North America was the largest regional market, accounting for 58.0% of the global revenue in 2013. Its large share is majorly attributed to the growing research investments and initiatives for development of drug discovery, disease modeling technologies and innovations in biological computation methods. It is expected that Asia Pacific will witness the fastest growth in the market, at an estimated CAGR of 28.0% owing to the increasing expenditure in clinical studies for pharmacokinetics and pharmacogenomics.

• The application of computational biology in proteomics for cellular simulation is expected to grow at the fastest CAGR of over 22% owing to the shift in sequencing studies towards further analysis of the nature of various biological proteins as a part of development of personalized medicine.

• Drug discovery and disease modelling applications dominated the market, accounting for 58.0% of global revenue in 2013. This large share is attributed by the extensive drug development pipelines present for a number of global branded and generic drug manufacturing firms such as Sanofi, Novo Nordisk and Eli Lilly.

• Computational Biology databases dominated the tools segment and accounted for 44.5% of the market revenue in 2013, owing to extensive genomic database usage for warehousing and data mining of biological and sequential data generated from genomic and proteomic studies. Consequentially, the software and services for the analysis of biological data is expected to witness the fastest CAGR of over 21.0%.

• Key players of this market include Schrodinger, Accelrys, Certara, Entelos, Simulation Plus and others.

View more reports of this category by Grand View Research at:
http://www.grandviewresearch.com/industry/healthcare-it

Grand View Research has segmented the Global Computational Biology Market on the basis of applications, tools, services, end users and region:

Computational Biology Application Outlook

• Cellular & Biological Simulation
• Computational Genomics
• Computational Proteomics
• Pharmacogenomics
• Others (Transcriptomics/Metabolomics)
• Drug Discovery and Disease Modelling
• Target Identification
• Target Validation
• Lead Discovery
• Lead Optimization
• Preclinical Drug Development
• Pharmacokinetics
• Pharmacodynamics
• Clinical trials
• Phase I
• Phase II
• Phase III
• Human Body Simulation Software

Computational Biology Tools Outlook

• Databases
• Infrastructure (Hardware)
• Analysis Software & Services

Computational Biology Services Outlook

• In-house
• Contract

Computational Biology End User Outlook

• Academics
• Industry
• Commercial

Computational Biology Regional Outlook

• North America
• Europe
• Asia Pacific
• RoW

View Press Release Of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-computational-biology-market 

About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Fertilizer Additives Industry Outlook By Executive Summary, Market Variables, Trends And Scope 2013-2024

Global Fertilizer Additives Market is projected to reach USD 3.94 billion by 2024, according to a new report by Grand View Research, Inc. Growing fertilizer industry and shrinking arable land are projected to drive the market over the forecast period.

Additives are added to fertilizers in order to inhibit the loss of key nutrients such as nitrogen phosphorus, potassium, and sulfur, among others. The additives, which are available in both, solid and liquid forms, are used during storage and transportation of fertilizers.

Anti-caking was the most popular function of additives in 2015. Caking of fertilizers is one of the major problems faced by farmers, retailers and manufacturers, particularly during rains. Change in storage temperatures also results in caking. Additives are used to overcome these challenges.

Full Research Report on Global Fertilizer Additives Market Analysis:
http://www.grandviewresearch.com/industry-analysis/fertilizer-additives-market

Further key findings from the report suggest

• Urea dominated the end product segment in 2015 with a share of 55.6%. it is widely used globally, since it contains the highest amount of nitrogen among all fertilizers. Factors such as shrinking arable land have increased the importance of products such as urea and ammonium nitrate, which help in cultivation in a short span of time, in limited available land.
• Anti-caking dominated the function segment in 2015. This segment is projected to grow at the highest CAGR of 3.7 over the forecast period. Additives are used to avoid the formation of lumps in fertilizers, enabling safe storage and transportation.
• Asia Pacific led the global market with a share of 58.8% in 2015. This region is home to some of the emerging countries such as China and India. The market in India, where, agriculture is the primary occupation, is projected to drive the market from 2016 to 2024.
• The weather in this part of the world gets hot and humid during summer, which can lead to caking and loss of essential nutrients in fertilizers. Thus, additives are expected to play an important role in maintaining the quality of fertilizers in this region.
• Clariant, KAO Corporation, Novochem Group, and ChemSol, LLC are some of the key manufacturers of additives. Other players include Filtra Catalysts & Chemicals Ltd., Solvay, Arrmaz, Chemipol, Forbon Technology, Michelman, Tolsa Group, and Amit Trading Ltd.
• The companies adopted various development strategies such as new product developments, expansions, mergers & acquisitions, and agreements, partnerships, & joint ventures to establish themselves as market leaders and expand their global reach.

View more reports of this category by Grand View Research at:
http://www.grandviewresearch.com/industry/agrochemicals-and-fertilizers

Grand View Research has segmented the Global Fertilizer Additives Market on the basis of application and region:

Fertilizer Additives Function Outlook (Revenue, USD Million, 2013 - 2024)

• Corrosion Inhibitors
• Hydrophobic Agents
• Anti-dusting Agents
• Anti-caking Agents
• Others (Anti-foaming Agents and Coating Agents)

Fertilizer Additives End Product Outlook (Revenue, USD Million, 2013 - 2024)

• Urea
• Ammonium Nitrate
• Ammonium Phosphate
• Ammonium Sulfate
• Others (Monoammonium Phosphate, Triple Super Phosphate)

Fertilizer Additives Regional Outlook (Revenue, USD Million, 2013 - 2024)

• North America
• U.S.
• Europe
• Germany
• France
• Asia Pacific
• China
• India
• Latin America
• Brazil
• Middle East & Africa (MEA)

View Press Release Of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-fertilizer-additives-market

About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Superdisintegrants Industry Outlook By Executive Summary, Market Variables, Trends And Scope 2014-2025

Global Superdisintegrants Market is expected to reach USD 487.0 million by 2025, according to a new report by Grand View Research, Inc. Superdisintegrants help in the disintegration of tablet or capsule content into small particles and create a greater surface area for speedy drug release.

A number of fast disintegrating tablet such as salbutamol sulphate, and cetirizine hydrochloride in tablet/capsule dosage form for respiratory disorders (bronchitis, asthma, and coughing) are formulated for pediatric and geriatric patients, due to their difficulty or discomfort in swallowing. Superdisintegrant such as crospovidone, croscarmellose sodium, and sodium starch glycolate are used in optimized concentration to formulate such tablets/capsules along with different binders such as MCC and PVP K-30.

Full Research Report On Global Superdisintegrants Market Analysis:
http://www.grandviewresearch.com/industry-analysis/superdisintegrants-market

Further key findings from the study suggest:

• The market study suggests that crospovidone dominated the overall market in 2016. Crospovidone is completely insoluble in water and rapidly disperses and swells in water.  It has greatest rate of swelling and surface area to volume ratio compared to other disintegrants. Hence, these factors are contributing towards the large share of crospovidone in 2016.
• Others segment, which includes natural superdisintegrants, is expected to witness highest growth rate. Factors such as local accessibility, bio-acceptable, renewable source, eco‐friendly nature and lower prices compared to important synthetic products, are driving the growth of the segment during the forecast period.
• Amongst the dosage form segments, tablets and capsules occupied the largest share in 2016 as they are the most common and preferred dosage forms for delivering drugs to patients.
• The mouth-dissolving films segment is expected to grow at the highest growth rate during the forecast period. It is the preferred choice for patients as compared to tablets and capsules due to greater flexibility and comfort of the former.
• Hence, the market for disintegrants in mouth-dissolving films would continue to grow due to quicker onset of action for a dosage form and better convenience of administration.
• North America dominated the regional segment with the largest revenue share in 2016, due to number of superdisintegrants manufacturers operating in the region and prolific research and development initiatives
• Asia Pacific is expected to witness significant growth during the forecast period, owing to booming medical tourism industry in the region and lucrative contract research outsourcing services
• Some of the major companies operating in this market are Ashland Global Holdings Inc., Roquette Frères S.A., FMC Corporation, DFE Pharma, Huber Corporation, Nippon Soda Co., Ltd. The Dow Chemical Company and BASF SE. and others.

View more reports of this category by Grand View Research at:
http://www.grandviewresearch.com/industry/pharmaceuticals

Grand View Research has segmented the Global Superdisintegrants Market on the basis of product, dosage form, and region:

Product Outlook (Revenue, USD Million, 2014 - 2025)

• Croscarmellose sodium
• Crospovidone
• Sodium starch glycolate
• Ion exchange resin
• Others

Dosage Form Outlook (Revenue, USD Million, 2014 - 2025)

• Tablets and Capsules
• Mouth-dissolving Films

Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• Asia Pacific
• China
• Japan
• Latin America
• Brazil
• Mexico
• MEA
• South Africa

View Blog On this research report by Grand View Research: http://www.grandviewresearch.com/blog/superdisintegrants-market-developing-fast-dissolving-tablets                         

About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Nanocoatings Market Is Projected To Grow At 22.3% CAGR From 2014 To 2020

Global Nanocoatings Market size was estimated at 309.5 kilo tons in 2013. Rising inclination towards the use of advanced nanomaterials in automotive and medical industries has led to an increase in the usage of nanotechnology, in turn boosting the growth of nanocoatings market.

Nanocoatings are nanotechnology-based coatings possessing unique properties such as ductility, lubricity, hardness, abrasion resistance, and transparency, unlike conventional polymer coatings. The market is expected to be driven majorly because of a shift in demand for the product over conventional polymer coatings owing to their extraordinary properties and lower volatile organic compound emissions.

Rising consumer awareness about self-cleaning and anti-microbial coatings in aerospace and mechanical applications to enhance the life spans of functional parts will augment the growth of the product over the forecast period. The global nanocoatings industry is estimated to be worth USD 8.17 billion by 2020.

Nanocoatings are available in numerous forms exhibiting functionalities such as self-cleaning, anti-fingerprint, anti-fouling & easy-to-clean and anti-microbial. Anti-fingerprint coatings are anticipated to witness significant gains with an estimated CAGR of 23.2% from 2014 to 2020, due to their extensive use in electronics and automotive applications.

Full Research Report On Global Nanocoatings Market Analysis:
http://www.grandviewresearch.com/industry-analysis/nanocoatings-market

Anti-microbial coatings are majorly used in the food manufacturing, water treatment, building & construction, packaging, and medical & healthcare sectors to avoid the spread of harmful microbes. As of 2013, demand for these coatings was 90.9 kilo tons generating USD 541.6 million and is anticipated to grow at 22.9 % CAGR over the forecast period.

Self-cleaning coatings include photo catalytic and bionic products and are predicted to grow as they provide high water repellence which helps in retaining gloss and color. Easy-to-clean and anti-fouling coatings are expected to increase significantly with their increasing use in marine, food, electronics and automotive applications.

Demand for the product in medical & healthcare applications was 43.7 kilo tons in 2013. Increasing usage of anti-microbial nanocoatings and anti-fingerprints coatings owing to their differentiating properties are being extensively used in patient care facilities. This segment is expected to witness significant gains at 22.7% CAGR from 2014 to 2022. Demand in automotive applications was 39.8 kilo tons in 2013. Positive outlook towards the automotive industry is anticipated to bolster growth over the forecast period.

North America demand was 128.7 kilo tons in 2013 contributing to over 40% of the global market. The market is likely to witness growth owing to the growing requirement for the product in healthcare applications. Technological advancements have led to better healthcare amenities and increasing demand in the automotive sector in the U.S. have given a boost to the market.

Adoption of nanocoatings in European countries is likely to increase owing to price hikes of raw material and strict regulations concerning VOC emissions released from paints & coatings industry. Expansion of the electronics, healthcare and automotive industries in Asia Pacific due to innovative technologies and cost-effective labor is anticipated to drive the market demand.

Key market participants include Bio-Gate AG, P2i Ltd, Nanofilm Ltd., Buhler PARTEC GmbH, Nanophase Technologies Corporation, Nanogate AG, Integran Technologies Inc., Eikos Inc., Inframat Corporation, Cima NanoTech Inc., and Nanovere Technologies LLC.

View more reports of this category by Grand View Research at:
http://www.grandviewresearch.com/industry/paints-coatings-and-printing-inks

Grand View Research has segmented the Global Nanocoatings Market on the basis of product, application and region:

Nanocoatings Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
    • Anti-Fingerprint
    • Anti-Microbial
    • Anti-Fouling and Easy-To-Clean
    • Self-Cleaning (Bionic and Photocatalytic)
    • Others (Includes Specialty Coatings, etc.)

Nanocoatings Applications Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
    • Medical & Healthcare
    • Food Manufacturing
    • Packaging
    • Marine
    • Water Treatment
    • Electronics
    • Buildings & Construction
    • Automotive
    • Energy
    • Others (Including textiles/leather, industrial engineering etc.)

Nanocoatings Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
    • North America
    • Europe
    • Asia Pacific
    • RoW

View Press Release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-nanocoatings-market                        

About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Ceiling Tiles Market Is Estimated To Grow At A CAGR Of 9.5% During Forecast Period 2014-2025

Global Ceiling Tiles Market is expected to reach USD 10.08 billion by 2025, growing at a CAGR of 9.5%, according to a new report by Grand View Research, Inc. Increasing construction of office spaces worldwide is likely to boost the usage of building materials including mineral wool, metal, and gypsum panels by the end of 2025. 

Rise in the working population group, since the past few years has led to an increased construction spending in key Asia Pacific countries including China, Vietnam, Bangladesh, Singapore, India, Thailand, and Malaysia. Construction of new offices across the globe is estimated to peak in the future.

This scenario is likely to reflect in developing countries including China, Russia, and India. Furthermore, currently rising foreign investments coupled with government initiatives in these countries is projected to boost the construction of business centers and IT parks in the recent future. These factors are considered to influence the consumption of construction materials including ceiling tiles and hence boost their market growth.

Emerging regions especially Latin America and Middle East & Africa are expected to depict above average industry growth owing to development of the hotel sector as a result of increasing government initiatives regarding the tourism industry in these regions.

Full Research Report on Global Ceiling Tiles Market Analysis:
http://www.grandviewresearch.com/industry-analysis/ceiling-tiles-market

Further key findings from the report suggest:

• In terms of revenue, the residential segment is expected to rise at a CAGR of 9.4% over the forecast period. This application segment constituted a revenue share of 4.6% in 2016.
• Technological breakthrough in the field of low VOC panels and recyclable tiles is estimated to offer lucrative growth prospects in the industry by the end of 2025. Furthermore, development of three dimensional ceiling tiles is another important milestone that is expected to open new avenues in the industry.
• Companies are aiming at achieving optimum business growth through fully integrating their business operations across the product value chain. For instance, USG Corporation is engaged in manufacturing ceiling tiles as well as its precursor gypsum board and has strong distribution network.
• In June 2017, Armstrong Ceiling Solutions launched a new range of ceiling tiles under the New Dune eVo brand name. These tiles are 100% recyclable and exhibit well improved aesthetics and acoustic performance.
• In April 2014, the Rockfon North America, a ROCKWOOL International subsidiary achieved the UL Environment’s GREENGUARD Gold certification for its low VOC products. This has enhanced the market position of the company as a key sustainable player in the past years.

View more reports of this category by Grand View Research at:
http://www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials

Grand View Research has segmented the Global Ceiling Tiles Market on the basis of product, application, and region:

Product Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 - 2025)

• Mineral wool
• Metal
• Gypsum
• Others

Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 - 2025)

• Commercial Construction
• Residential Construction
• Industrial Construction

Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 - 2025)

• North America
• U.S.
• Europe
• Germany
• UK
• Asia Pacific
• China
• India
• Central & South America
• Brazil
• Middle East & Africa

View Press Release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-ceiling-tiles-market                       

About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Membrane Bioreactor Market Is Expected To Reach USD 8.27 Billion By 2025

Global Membrane Bioreactor Market is expected to reach USD 8.27 billion by 2025, according to a new report by Grand View Research, Inc. Rising demand for membrane bioreactor as they offer high-quality solid separation and low carbon footprint will propel industry expansion over the forecast period.

Rising concerns regarding the release of toxic effluents into the environment are expected to result in an increase in the installation of membrane bioreactor solutions in the industrial and manufacturing sector. In addition, stringent environmental regulations on sludge disposal are expected to stimulate demand for highly effective MBR systems.

Increasing MBR installations by various key players including Beijing Origin Water, GE Water, Koch Membrane Systems, and Tianjin MOTIMO as a result of rising industrial wastes by pharmaceuticals, food & beverages, and refinery will promote the market growth over the forecast period. Technology up gradation coupled with cost reductions are expected to drive the product demand over the forecast period.

Municipal accounted for 68.7% of the overall share in 2016 and is expected to witness substantial growth as a result of increasing urban population and government support to promote infrastructure development in Turkey, China, India, Singapore, Thailand, and Bangladesh.

Full Research Report on Global Membrane Bioreactor Market Analysis:http://www.grandviewresearch.com/industry-analysis/membrane-bioreactor-mbr-market

Further key findings from the report suggest:

• Flat sheet MBR is expected to witness significant rise at a CAGR of 18.5% from 2017 to 2025 as a result of increasing adoption in the medium scale industrial waste water treatment plants. Moreover, increasing usage in food & beverage sector owing to its high solid loading and good hydraulic flow behavior is anticipated to fuel demand.
• Asia Pacific was the dominant market and accounted for 50.4% of the global membrane bioreactor market in 2016. Establishment of various food & beverage, pharmaceutical, pulp & paper manufacturing units particularly in India and China will fuel MBR demand in industrial waste water sector.
• Growing water pollution along with water shortage problems that are currently prevailing in China, India, Singapore and Malaysia is expected to provide ample opportunity for the wastewater treatment industry.
• Key participants dominating the membrane bioreactor (MBR) industry includes GE Water & Process Technologies, Toray Industries, Inc., Kubota Corporation, Koch Membrane Systems, Inc., Evoqua Water Technologies LLC, and Mitsubishi Rayon Co., Ltd.
• MBR players are adopting numerous strategies for strengthening its foothold across the international market. These companies have been undertaking strategies including new product developments, expansion of installed capacity in order to increase its market penetration.
• In July 2015, Cambrian Innovation launched EcoVolt Membrane Bioreactor (MBR). This system will remove over 99% of pollutants and solids, enabling water re-use on site
• KMS introduced next generation of improved, high flux PURON modules for membrane bioreactor having built-in reliability, low life-cycle costs, reduced system footprint, and new fiber chemistry

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/water-and-industrial-sludge-treatment

Grand View Research has segmented the Global Membrane Bioreactor (MBR) Market on the basis of product, configuration, application, and region:

Product Outlook (Revenue, USD Million, 2014 - 2025)

• Hollow fiber
• Flat sheet
• Multi-tubular

Configuration Outlook (Revenue, USD Million, 2014 - 2025)

• Submerged
• Side stream

Application Outlook (Revenue, USD Million, 2014 - 2025)

• Municipal
• Industrial
• Food & beverages
• Textile
• Oil & gas
• Others

Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
• U.S.
• Europe
• Germany
• UK
• Italy
• France
• Asia Pacific
• China
• Japan
• Central & South America
• Brazil
• Middle East & Africa

View Press Release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-membrane-bioreactor-mbr-market                      

About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Chatbot Market Is Estimated To Growing At A CAGR Of 24.3% During Forecast Period 2014-2025

Global Chatbot Market is expected to reach USD 1.25 billion by 2025, growing at a CAGR of 24.3%, according to a new report by Grand View Research, Inc. The chatbot industry is expected to witness significant growth over the forecast period as they enable enterprises to substantially reduce operating costs. Additionally, innovations in artificial intelligence and machine learning technologies are likely to enhance the features of chatbots, which acts as a major driver for the market.

A significant rise has been observed in the number of users of messaging services, which is expected to surpass the number of users of social networking sites. Additionally, there has been a significant development in the NLP field, which has resulted in streamlined interactions between computers and human languages. The entire chatbot ecosystem comprises various cross-linking features, which facilitates enhanced performance of chatbots in all application. Most companies prefer in-built chatbots on their websites as they facilitate enterprises in providing instant customer interaction. For instance, Slack and Twitter messaging platforms are preferred by majority businesses.

North America is expected to emerge as the major region for the chatbot market over the forecast period. The growth in this region is mainly attributed to the increasing deployment of chatbots in various business verticals. Technologies such as artificial intelligence, IoT, and APIs, among others, are evolving at a rapid speed. Chatbots are integrated with these technologies to offer enhanced operations, thereby driving market demand. Artificial intelligence and audio speech-based chatbots are expected to account for the largest market share in future. Additionally, speech recognition has improved drastically, especially in terms of native languages, which is expected to result in enhanced performance of chatbots in various applications.

Full Research Report on Global Chatbot Market Analysis: http://www.grandviewresearch.com/industry-analysis/chatbot-market

Further key findings from the report suggest:

• Chatbots find various applications in e-commerce, healthcare, and BFSI sectors. Large enterprise emerged as the largest end-user segment in 2016 and is estimated to register a CAGR of 24.2% over the forecast period.
• The bots for marketing segment is expected to witness the largest growth over the forecast period as these chatbots can connect the customers directly to service providers.
• The standalone segment is estimated to grow at a CAGR of 24.8% over the forecast period.
• The Asia Pacific market is projected to witness substantial growth over the next decade owing to various technological developments across major economies. The regional market is expected to grow at a CAGR of 24.7 % from 2017 to 2025.

• Key participants in the chatbot industry include Baidu, Poncho, Kik, WeChat, Varo Money Inc., Babylon Health, ReplyYes, and SRI International. Chatbots have found wide applications in large enterprises as they enable better understanding of consumer behavior with the help of machine learning.

View more reports of this category by Grand View Research at:
http://www.grandviewresearch.com/industry/communication-services

Grand View Research has segmented the Global Chatbot Market based on end users, applications/business models, types, product landscape, verticals, and regions:

End User Outlook (Revenue, USD Million; 2014 - 2025)

• Small Enterprises
• Medium Enterprises
• Large Enterprises

Application/Business Model Outlook (Revenue, USD Million; 2014 - 2025)

• Bots for Service
• Bots for Social Media
• Bots for Payments/Order Processing
• Bots for Marketing
• Others

Type Outlook (Revenue, USD Million; 2014 - 2025)

• Standalone
• Web-based
• Messenger-based/Third Party

Product Landscape Outlook (Revenue, USD Million; 2014 - 2025)

• Artificial Intelligence
• Marketing
• Human Intelligence

Vertical Outlook (Revenue, USD Million; 2014 - 2025)

• Healthcare
• Retail
• Banking, Financial Services, and Insurance (BFSI)
• Media & Entertainment
• Travel & Tourism
• E-commerce
• Others

Regional Outlook (Revenue, USD Million; 2014 - 2025)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• Asia Pacific
• China
• Japan
• South Korea
• South America
• Brazil
• Rest of South America
• MEA

View Press Release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-chatbot-market                     

About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com