Global Intelligent Virtual Assistant Market Size, Boost Growth, Future Expectati

Posted by Deeksha on January 17th, 2019

This research report titled “Global Intelligent Virtual Assistant Market”Size, Status and Forecast 2019-2025 has been added to the wide online database managed by Market Research Hub (MRH). The study discusses the prime market growth factors along with future projections expected to impact the Intelligent Virtual Assistant Market during the period between 2018 and 2025. The concerned sector is analyzed based on different market factors including drivers, restraints and opportunities in order to enlighten the readers about the actual scenario prevailing in the Intelligent Virtual Assistant Market.

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An intelligent virtual assistant is an engineered entity residing in software that interfaces with humans in a human way. This technology incorporates elements of interactive voice response and other modern artificial intelligence projects to deliver full-fledged virtual identities that converse with users.
The conversational AI-based IVAs accounted for the highest share in 2017. This is mainly because AI-based IVAs have the ability to learn by itself with the help of deep learning, NLP, and neural networks. Rule-based IVAs can answer basic and limited types of queries.

The IVA market in North America has accounted for the highest share in this market due to the high technological adoption of IVAs in industries such as consumer electronics, BFSI, healthcare, education, retail, government, utilities, travel and hospitality, and others. APAC is expected to grow at the highest rate than other regions from 2018 to 2023 due to the presence of emerging economies such as China and India. These economies are adopting chatbots for providing uninterrupted customer support services to serve its large population.
In 2018, the global Intelligent Virtual Assistant market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.

This report focuses on the global Intelligent Virtual Assistant status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Intelligent Virtual Assistant development in United States, Europe and China.

The key players covered in this study
Microsoft
Nuance
Samsung Electronics
Alphabet
Apple
Amazon
IBM
Baidu
Blackberry
Inbenta Technologies
Facebook
Cognitive Code
Artificial Solutions
Unified Computer Intelligence
Mycroft Ai

Market segment by Type, the product can be split into
Rule based
Conversational AI based

Market segment by Application, split into
Consumer Electronics
BFSI
Healthcare
Education
Retail
Government
Utilities
Travel and Hospitality
Others

Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America