2024 Q1 AI Watch Series — Chatbot

Angelina Yang
3 min readMay 23, 2024

Starting from this post, we’ll start a series on AI watch focusing on industry and vertical trends in AI.

Q1 Trend for Chatbot

Admittedly, the era of universal chatbots is here, and the market is witnessing rapid growth at an astonishing rate of 21% annually.

With a projected total addressable market (TAM) of $25.7 billion by 2025, this AI-powered technology is poised to revolutionize how we interact with digital assistants across various platforms and devices.

Benchmark Companies