Global Intelligent Virtual Assistant Market: Principally Compelled by Rapid Resolution of Queries
Click Here to Request a Free Sample PDF of This Report @ https://www.variantmarketresearch.com/report-categories/information-communication-technology/intelligent-virtual-assistant-market/sample-request
The global intelligent virtual assistant market is primarily driven by increasing customer prospects in cloud applications
The global intelligent virtual assistant market trends include increasing customer prospects in cloud applications, rising demand for self-reliance, and increasing adoption of chatbots. In addition, rapid resolution of queries, and rising smartphone penetration has also supported the market growth. However, system integration complexities are the major restraint for the intelligent virtual assistant market growth. Furthermore, multi-language assistance in intelligent virtual agents to increase its market usage is expected to equally influence the overall IVA growth of the market in the coming years.
The global intelligent virtual assistant market is segmented on the basis of technology, verticals, and geography. The technology segment includes text-to-speech, and speech recognition. Moreover, by vertical segment the segmentation is given as healthcare, automotive, retail/e-commerce, BFSI, and other verticals.
Geographically, the market has been bifurcated into North America, Europe, Asia-Pacific, and RoW. North America (U.S., Mexico, and Canada), Europe (Germany, UK, France, and Rest of Europe), Asia-Pacific (Japan, China, India, Australia, and Rest of Asia-Pacific) and RoW (Middle East, South America, and Africa) are the key geographical regions included in this market.
Get Table of Content (TOC) @ https://www.variantmarketresearch.com/report-categories/information-communication-technology/intelligent-virtual-assistant-market/toc
Based on technology, speech recognition occupied the majority of the share in 2017
On the basis of technology, speech recognition segment accounted for the major intelligent virtual assistant market share in the year 2017. The growth in the segment can be credited to its rising demand for smart speakers in home-based automation systems.
BFSI led the principal market share in the verticals segment
Based on vertical segment, BFSI sub-segment contributed for largest market share in the year 2017, driven by its growing need in automated customer support services. In terms of growth, automotive sector is anticipated to achieve the fastest CAGR throughout the forecast period 2017 – 2025.
North America conquered the overall intelligent virtual assistant (IVA) market share
On the basis of geography, North America dominated the global market with highest market share in the year 2017. The growing awareness and the availability of smart-speakers in the region have boosted the market. Moreover, Asia-Pacific is expected to achieve the highest CAGR over the forecast timeframe.
Apart from this, countries such as Cameroon, Congo - Kinshasa, Côte d’Ivoire, Nigeria are also witnessing a swift growth in the global intelligent virtual assistant market.
Major Player’s profiled in the report include Alphabet Inc., Amazon.com, Inc., Microsoft Corporation, Apple Inc., Nuance Communications, Inc., International Business Machine Corporation (IBM), TCL Communication, Baidu, Inc., Samsung Electronics Co., Ltd., and Inbenta Technologies Inc., among others.
Get Full Access to This Report @ https://www.variantmarketresearch.com/report-categories/information-communication-technology/intelligent-virtual-assistant-market
Scope of the Global Intelligent Virtual Assistant Market
• Speech Recognition
• Other Verticals
• North America
o Rest of Europe
o Rest of Asia-Pacific
o South America
o Middle East
About Variant Market Research
Variant Market Research offers syndicated and customized reports to fulfill clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2025.
For further information, visit https://www.variantmarketresearch.com
You can connect with us on LinkedIn here @ https://www.linkedin.com/company/variant-market-research
Contact us :
Head – Sales
Variant Market Research
649 Mission St, 5th Floor, San Francisco, CA 94105, United States.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Intelligent Virtual Assistant Market: Principally Compelled by Rapid Resolution of Queries here
News-ID: 1038257 • Views: 271
More Releases from Variant Market Research
Global SCADA Market is Expected to Reach $48 Billion by 2024, Says Variant Marke …
Global SCADA Market Report, published by Variant Market Research, forecast that the global market is expected to reach $48 billion by 2024 from $31 billion in 2016; growing at a CAGR of 5.7% from 2016 to 2024. By geography, Rest of the World (RoW) and Asia Pacific are expected to grow at a CAGR of 6.6% and 6.4%, respectively, during the forecast period. "SCADA Market (By Component: Programmable Logic Control, Human
Global Baby Diapers Industry Outlook: Growth in Per Capita Income to Drive the M …
SAN FRANCISCO, Jun 06, 2018 According to the latest report published by Variant Market Research, the global baby diapers market size is projected to reach $72 Billion by 2024 from $48 Billion in 2016. In this report, baby diapers market forecast says that the global market is growing at 5.1% CAGR from 2016 to 2024.Geographically; Asia Pacific and RoW are expected to grow at a CAGR of 6.8% and 5.8%,
High adoption in End-User Industries Drives Global Corrugated Packaging Market
SAN FRANCISCO, Jun 06, 2018 According to the latest report published by Variant Market Research, the global corrugated packaging market size is projected to reach $218 million by 2024 from $158 million in 2016. In this report, corrugated packaging market forecast says that the global market is growing at 4.1% CAGR from 2016 to 2024. Click Here to Request a Free Sample PDF of This Report @ https://www.variantmarketresearch.com/report-categories/consumer-goods/corrugated-packaging-market/sample-request
Cold Pain Therapy Market is boosted due to increased sports activities
According to a new report published by Variant Market Research, the global cold pain therapy market size is forecasted to reach $1,185 Million by 2024 from $824 Million in 2016, growing at a CAGR of 4.6% from 2016 to 2024. Geographically, Asia-Pacific and Europe are expected to grow at a CAGR of 6.3% and 4.4%, respectively, during the forecast period says the report. Click Here to Request a Free Sample PDF
More Releases for America
Latin America Colour Cosmetics Market
The colour cosmetics market in Latin America managed to keep its head above water over 2011-2016. The category recorded a CAGR of 1.7% despite a decline in value occurring towards the end of the period, Chile and Argentina offsetting the impact of economic crisis in Brazil and Venezuela. Direct selling still holds strong as the core channel for colour cosmetics purchases in the region but retail infrastructure is rapidly improving
South America Aviation Market
The South American aviation market was affected adversely by the financial crisis, which had originated in the United States and the sales were impacted adversely by the same, but the market has recovered, since. Furthermore, the good performance of regional jets sold by Embraer were termed profitable by users and could certainly turn the tide as aircraft orders from other airlines continue to increase. Rising income levels in the continent
Agrochemicals Market in North America
ReportsWorldwide has announced the addition of a new report title North America: Agrochemicals: Market Intelligence (2016-2021) to its growing collection of premium market research reports. The report “North America: Agrochemicals: Market Intelligence (2016-2021)” provides market intelligence on the different market segments, based on type, active ingredient, formulation, crop, and pest. Market size and forecast (2016-2021) has been provided in terms of both, value (000 USD) and volume (000 KG) in the
Make America Great Again
Help us open our Veterans' Home We don't know them all, but we owe them all... Lake Ariel, PA: FCPCF Inc. and National Auto Raffle invites you to enter the online Charity Auto & 50/50 Raffles (www.nationalautoraffle.com) and help us raise funds to open the doors of veterans' housing facility and provide housing to the homeless Veterans and their families in need. Every 1 in 4 homeless is a Veteran and its time
Latin America Oil & Gas Potential
Produced by The CWC Group, Latin American Oil and Gas Conference takes place on 25 – 27 October 2011, Mandarin Oriental Hotel, Miami, U.S.A. Organisers confirmed that the strategic conference will feature advanced insights from important organisations in the region alongside NOC’s showcases from Brazil, Mexico, Colombia, Trinidad & Tobago, Venezuela, Uruguay and Bolivia. Content centres on the development of the Latin America’s resources, the impact of shale
Mafi Designs America
Austrian Natural Wood Floor manufacturer establishes themselves in the high end New York Lifestyle market. “Successfully building a luxury Brand in the US is very important to our world wide marketing efforts,“ proclaims a happy Philippe S. Pezet, Partner Mafi USA, Inc & Export/Marketing Manger for the manufacturing company Mafi Holzverarbeitung from Austria. The Mafi brand name is recognized by leading architects and decorators in the Big Apple as being the