In general, the global conversational AI market size will grow from $4.8 billion in 2020 to $13.9 billion by 2025, at a CAGR of 21.9%. (Markets and Markets, 2020) Specifically, the chatbot market value was at $17.17 billion in 2020. This is expected to grow to a whopping $102.29 billion by 2026, at a CAGR of 34.75% over the period of 2021-2026.