Intelligent Virtual Assistant Market - Latest Trends, Global Analysis and Future Growth Study 2018 2025
Intelligent Virtual Assistant Market from Qurate Business Intelligence provides detailed information, in depth analysis and forecast which is developed by team of experts and professionals.
The Global Intelligent Virtual Assistant market was valued at USD 1.20 Billion in 2016, and is projected to reach USD 19.9 billion by 2025, growing at a CAGR of 36% over the forecast period.
Key players: Overview of market leaders in IVA market by top manufacturers/players, with revenue (Billion USD) and market share for each manufacturer/player. The top players including Microsoft, Nuance Communications, Samsung Electronics, Alphabet, Apple, Amazon, International Business Machines (IBM), Facebook, Cognitive Code, Artificial Solutions, Mycroft Ai, among all the others.
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An Intelligent Virtual Assistant is a smart system which performs tasks as per the users demand. It is a solution that simplifies user interaction with personal computers, smartphones, SMS, messenger and other interfaces. IVA systems use various interaction methods, which include text-to-text, speech-to-text, among others to assist users in executing their tasks, either for some useful purposes or for entertainment purpose. Apples Siri, Amazon Alexa, are few well-known intelligent virtual assistants.
Increasing penetration of smartphones and growing adoption of IVA devices and services by large enterprises is propelling the growth of the industry. Increasing demand for automation in offering the uninterrupted support services for customer and growing adoption in smart home systems which include music players, wireless connected thermostats, air conditioners and others is further projected to propel the industry growth. However, lack of accuracy in the system design and personalization option is expected to restrain the industry growth.
North America is estimated to be the dominant region in the global intelligent virtual assistant market and the growth is attributed to the increasing adoption of technological advancements by the companies in these regions. Major companies acting as the driving forces for the technology include Google and automobile manufacturers such as BMW, are investing heavily in IVAs.
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The report includes -
Segmentation: Based on product segment, the report segregates the segment and delivers the revenue, growth rate, and market share, of each type,
Chat-bots
IVA Smart Speakers
Smart Watches
On the basis on the technology, this report focuses on the status and outlook for major applications, market share and growth rate for each application, including
Text Based
Text-to-Speech
Automatic Speech Recognition (ASR)
Others
On the basis of type, the market has been segmented further, and displays growth rate and market share over the forecast period;
Rule based IVA
Conversational AI based IVA
On the basis on the service, this report focuses on the status and outlook for major applications, market share and growth rate for each application, including
Customer Service
Marketing Assistant
On the basis on the vertical, this report focuses on the status and outlook for major applications, market share and growth rate for each application, including
Consumer Electronics
BFSI
Healthcare
Education
Retail
Travel and Hospitality
Government
Utilities
Others
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Geographic Segmentation: This report split global market into North America, Europe, Asia Pacific, the Middle East and Africa and Latin America, with revenue (Billion USD), market share and growth rate of intelligent virtual assistant market for these regions, from 2015 to 2025 (forecast)
North America: U.S., Rest of North America
Europe: Germany, France, UK, rest of Europe
Asia Pacific: China, Japan, India and Rest of Asia Pacific
Middle East & Africa: GCC, North Africa, South Africa and Rest of MEA
Latin America: Brazil and Rest of Latin America
Contact Information:
Qurate Business Intelligence
Nehal Chinoy
Tel: +919881074592
Email us
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Qurate Business Intelligence
Nehal Chinoy
Tel: +919881074592
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results