Intelligent Virtual Assistant Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

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Report Code: ZMR-2609 | Report Format : | Status : Upcoming |

Abstract

Global Intelligent Virtual Assistant Market: Overview

Presently, enterprises are aimed at accepting cost-effective techniques to offer efficient and effective user services. Intelligent virtual assistant is a cost-effective tech, which helps various users to gain authorization to a service, effectively and quickly. IVA also results in an instant reaction from the system, reduction in the dependency on manual user support, and improved data collection for any queries. Hence, IVA solutions are being executed all over different organizations, such as E-retailers, banks, and healthcare among others. Rising penetration of smartphone, increasing acceptance of intelligent virtual assistant software in huge companies, and the addition of understanding for natural language tech are the main reasons boosting the global intelligent virtual assistant market.

Global Intelligent Virtual Assistant Market: Growth Factors

Increase use of mobile payments in industrial as well as commercial sectors is the main reason that has boosted the growth of the global intelligent virtual assistant market. The global intelligent virtual assistant market is likely to have a drastic growth in the coming future. Moving on, increased use of smartphones is also playing an important role in the growth of the global intelligent virtual assistant market. Besides this, use of advanced technology is also one of the significant reasons that are driving the global intelligent virtual assistant market. Additionally, growing digitalization is also driving the growth of the global market. In addition to this, government norms and current situations in some countries is also towering the growth of the global intelligent virtual assistant market.

On the other hand, rising cases of fraud and online thefts are the main reason hampering the growth of the global intelligent virtual assistant market. Furthermore, lack of job opportunities is also one of the reasons that are decreasing the growth of the global intelligent virtual assistant market. In addition to this, unawareness among the people is also one of the significant reasons that are restraining the growth of the global intelligent virtual assistant market.

Global Intelligent Virtual Assistant Market: Segmentation

Based on the technology, the global intelligent virtual assistant market is classified as speech recognition and text-to-speech. On the basis of vertical, the global intelligent virtual assistant market is divided into healthcare, automotive, retail (e-commerce), BFSI, and others. Based on the geography, the global intelligent virtual assistant market is classified into North America, Europe, Asia-Pacific, LAMEA, and rest of the world.

Global Intelligent Virtual Assistant Market: Regional Analysis

Regionally, the global intelligent virtual assistant market is mainly bifurcated as North America, Asia Pacific, and Rest of the World. Increase use of mobiles in industrial as well as commercial has boosted the global intelligent virtual assistant market in North America. Government norms and current situations in India is one of the main factors that are towering the global intelligent virtual assistant market. The rest of the world will also show a high growth in the global intelligent virtual assistant market.

Global Intelligent Virtual Assistant Market: Competitive Players

Some of the major companies ruling the global intelligent virtual assistant market are Nuance Communications, Inc., Next IT Corporation, CodeBaby Corporation, IntelliResponse Systems, Inc., Speaktoit, Inc., Creative Virtual Ltd., eGain Corporation, Artificial Solutions, Anboto Group, and CX Company.

Global Intelligent Virtual Assistant Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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