Press release
Intelligent Virtual Assistant (IVA) Market Forecast & Business Opportunities 2016-2024
Intelligent Virtual Assistant (IVA) Market is set to exceed USD 10 billion by 2024. Increasing demand across various industrial verticals such as BFSI, healthcare is expected to drive the IVA market growth over the forecast timeline. Deployment of this technology in mobile devices, social media and company websites provide lucrative growth opportunities for the IVA market growth. The personalized experience provided by the virtual assistants such as interaction in natural language eliminates the possibility of being in touch with the support team thus improving customer satisfaction.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1094
To minimize the overall operational cost, various firms are deploying virtual assistants for purposes such as training, advertising as well as interviewing. Increasing penetration of smartphones coupled with the acceptance of corporate BYOD programs is anticipated to propel the IVA market demand. The development of advanced IVA technology with enhanced features such as Apple’s Siri and Amazon’s Alexa is providing ample growth opportunities to IVA industry.
Speech recognition technology is expected to observe significant growth at over 35% CAGR from 2016 to 2024. Rising demand for speech recognition technology across automotive and medical applications is expected to boost the demand for speech recognition technology over the years. Gradual increase in the adoption of mobile devices coupled with the implementation of speech recognition technology on such devices provides impetus to the IVA market growth. Voice recognition technology will grow at a considerable rate followed by large scale implementation of this technology in biometric authentication devices.
Based on services, the customer assisted segment is predicted to witness high growth over the years pertaining to the improvised response provided by the IVAs fulfilling the potential customer needs. However, the capability of this technology to manage many requests enabling the companies to concentrate on their core competencies also contributes to the growth of the IVA market.
IVA technology is expected to witness high demand in automotive applications. This can be attributed to the increasing use of this technology by key automotive players to optimize the maximum potential. For instance, in 2016, Nuance announced the launch of IVA platform for connected car, Dragon Drive Automotive Assistance allowing the driver to enhance the overall experience. The growing adoption of this technology for automotive applications owing to the features such as driving assistance in order to eliminate risks is expected to fuel the demand for IVA market over the forecast timespan.
Browse key industry insights spread across 180 pages with 130 market data tables & 100 figures & charts from the report, “Intelligent Virtual Assistant (IVA) Market Size By Technology (Speech Recognition, Text-To-Speech, Voice Recognition), By Service (Customer Service, Marketing Assistant), By Application (Automotive, BFSI, Retail, IT & Telecom, Healthcare, Education), By End-Use (SMBs, Large Enterprises, Individual Users), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/intelligent-virtual-assistant-iva-market
Factors such as reduced operational cost coupled with the enhancements in business quality are responsible for the growth of IVA technology among the SMBs. The high adoption rate of IVAs in enterprises can be attributed to the fast & convenient user-friendly features offered by them. Also, the reduced demand for hiring full time resources and operational spaces are expected to drive the industry growth over the forecast timeline.
Key companies operating in the IVA market include IBM Corporation, eGain communications, Nuance, Clara Labs and Creative Virtual. Other prominent players in the market include Anboto, InteliWISE, CX Company, Artificial Solutions and 24/7 Customer Inc. among others. The IVA industry is currently witnessing rising investments on the R&D to bring in new innovations. Furthermore, companies are increasingly partnering with the third-party technology vendors which helps in enhancing the technology base and meet the potential customer demands.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1094
Table of Content (TOC-)
Chapter 6 Intelligent Virtual Assistant Application Insights
6.1 Intelligent virtual assistant market share by application, 2015 & 2024
6.2 BFSI
6.2.1 Market demand in BFSI, 2013 - 2024
6.2.2 Market demand in BFSI, by region, 2013 - 2024
6.3 Healthcare
6.3.1 Market demand in healthcare, 2013 - 2024
6.3.2 Market demand in healthcare, by region, 2013 - 2024
6.4 Education
6.4.1 Market demand in BFSI, 2013 - 2024
6.4.2 Market demand in education, by region, 2013 - 2024
6.5 Automotive
6.5.1 Market demand in automotive, 2013 - 2024
6.5.2 Market demand in automotive, by region, 2013 - 2024
6.6 Retail
6.6.1 Market demand in retail, 2013 - 2024
6.6.2 Market demand in retail, by region, 2013 - 2024
6.7 IT & Telecom
6.7.1 Market demand in IT & telecom, 2013 - 2024
6.7.2 Market demand in IT & telecom, by region, 2013 - 2024
6.8 Others
6.8.1 Market demand in other applications, 2013 - 2024
6.8.2 Market demand in other applications, by region, 2013 - 2024
Browse Full Toc of This Report @ https://www.gminsights.com/toc/detail/intelligent-virtual-assistant-iva-market
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: http://algosonline.com/news
This release was published on openPR.
Permanent link to this press release:
Copy
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 Intelligent Virtual Assistant (IVA) Market Forecast & Business Opportunities 2016-2024 here
News-ID: 1082564 • Views: …
More Releases from Global Market Insights, Inc.
Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health.
This in turn has led to a surge in demand for various functional foods…
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock.
According to Global Market Insights Inc estimates…
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight.
Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091
Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group…
Prenatal Vitamin Ingredients Market New Entrants, Risk Factors, Market Expansion …
The rise in the instances of miscarriages on account of poor diet and hygiene will anchor the consumption of prenatal vitamin ingredients. Excessive intake of junk food has resulted in the scarcity of important nutrients in pregnant women that could adversely affect the fetus health and development. Furthermore, prenatal vitamin ingredients possess additional nutritional components that are not so easily sourced from regular food items and products.
Prenatal vitamin ingredients can…
More Releases for IVA
Intelligent Virtual Assistant (IVA) MARKET STATUS – MOST FRAGILE & SPECULATIVE …
The latest market research report, titled ‘Intelligent Virtual Assistant (IVA) Market,’ methodically compiles the principal components of the global Intelligent Virtual Assistant (IVA) market research study. The report comprises an in-depth investigation of the market, underlining the latest growth trends and market dynamics. The report is intended to help readers make an accurate assessment of the present and future market scenarios.
The global Intelligent Virtual Assistant (IVA) industry is poised to…
Global Intelligent Video Analytics (IVA) Market 2018 - Advantech, Infinova, IBM
Apex Market Research, recently published a detailed market research study focused on the "Intelligent Video Analytics (IVA) Market" across the global, regional and country level. The report provides 360° analysis of "Intelligent Video Analytics (IVA) Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Intelligent Video Analytics (IVA) industry, and estimates the…
Intelligent Virtual Assistant (IVA) Market Forecast & Business Opportunities 201 …
North America is anticipated to dominate the overall IVA market owing the early technological adoption. In addition, increasing adoption of smartphones coupled with the implementation of BYOD business model is expected to boost the demand for IVA in the region. Asia Pacific IVA market is expected to witness significant growth pertaining to the growth in emerging economies such as China and India.
Intelligent Virtual Assistant (IVA) Market is set to exceed…
Global Intelligent Virtual Assistant (IVA) Market Size and Forecast 2022
Qyresearchreports include new market research report "Global Intelligent Virtual Assistant (IVA) Market Size, Status and Forecast 2022" to its huge collection of research reports.
The constantly changing dynamics of the consumer behavior is influencing the global Intelligent Virtual Assistant (IVA) market substantially. This report on the global market for Intelligent Virtual Assistant (IVA) an in-depth assessment of this market on the basis of the key factors that shape its performance. Taking…
Intelligent Virtual Assistant (IVA) Market Trends And Opportunities in 2022
The Global Intelligent Virtual Assistant (IVA) Market Research Report provides detailed analysis of the key regional market status of the Intelligent Virtual Assistant (IVA) Industry.
According to Stratistics MRC, the Global Intelligent Virtual Assistant (IVA) market is expected to grow from $660.46 million in 2015 to reach $4,200.98 million by 2022 with a CAGR of 30.3%. Increasing innovative technological developments, growing adoption of IVA in mobile applications and websites are the…
Intelligent Video Analytics (IVA) Market worth $867.8 Million by 2017
According to a new market research report “Intelligent Video Analytics (IVA) Market: by types, Technologies & Systems, Architectures, Area of Operation, and Vertical Applications - Global Advancements, Business Models, Technology Roadmap, Forecasts & Analysis Market Forecasts (2012 - 2017)”, published by MarketsandMarkets, the Intelligent Video Analytics(IVA) Market is expected to reach $867.8 million by 2017 at a CAGR of 30.4% from 2012 to 2017.
Browse 70 market tables and 21 figures…
