Global Legacy Chatbot Market Analysis

I thought that we should start a thread that discusses the global ChatBot legacy market so that we can better understand Unith's product, market and potential success.

I'll start with the 2 larger companies I think have a great hold on the legacy market today, they are as follows;

Intercom

https://www.intercom.com/

Valuation – $1.3BUS

Number ofcustomers – 25K

Bird(formerly MessageBird)

https://www.bird.com/

Valuation – $3.8BUS

Number ofcustomers – 50K

Some statistics;
Thetop countries that use Chatbot are the USA, India, the UK, and Brazil. 80%of respondents say they have interacted with a chatbot before. In 2022, theglobal chatbot market size valued at around $4.92 billion and it will surpass $42 billion by 2032..

Both the above companies do not offer conversational Talking Heads.

There are literally hundreds of smaller Legacy Chatbot companies that are for a large part generating millions of USD per annum on-selling Chatbots or selling a lower quality of Chatbot offering.

Unith is in a position where it will likely be the first company in the world to sell a Digital Human Talking Head Platform that allows for an easy upgrade from the standard Chatbot experience and promises to increase customer satisfaction.

Taking alook at the countries and markets that are currently leading the way in Chatbotsales it is very clear the USA would be a great launching pad for Unith if wecan afford it.

I doubt themarketing launch will target the USA but will more likely target Europe giventhe location of our business.

India appearsto be great starting location due to both its’ market size (second largest inthe world), coupled with a reduced cost involved in marketing, (Currently theworlds’ cheapest country to market products).

I’m sure wewill find out Unith’s plan to market the platform in coming weeks once it’slaunched.

What I thinkis important to note is that First Mover advantage is a great predictor ofcompany success. Given the Chatbot market is expected to grow considerably incoming years I believe we have a great chance at establishing Unith as a keyplayer in the future of Chatbot technology.

MMM