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Creating an AI chatbot has become a great investment for businesses for various reasons, such as personalized interaction, improving customer experience, and more. These benefits prompt a large number of businesses to opt for the development of AI chatbots, which has expanded its market size globally. However, AI chatbot development cost can vary depending on factors like complexity, customization, and functionality, making it essential for businesses to plan their budget accordingly.”
Chatbot market is valued at USD 7.01 billion in 2024, the sector is projected to soar to USD 20.81 billion by 2029, reflecting a robust compound annual growth rate (CAGR) of 24.32%
So, the question is, what is the cost to build a chatbot?
The average cost of developing the said app ranges between $30,000 to $250,000 or even more. It depends on many factors as well, be it features, complexity, technology stack, and more.
We will discuss everything in detail to help you get an idea of …