Intelligent Virtual Assistant Market Size, Share, IVA Industry Analysis, Advance Technology, Applications like Smart Speaker, Competitive Analysis of Key players Like Nuance Communications (U.S.), Anboto (Spain), Google (U.S.), eGain (U.S.), CX Company, G

Intelligent Virtual Assistant Market Research Report by Technology (Text-to-speech, Speech recognition), by Application Vertical (BFSI, Healthcare, Automotive, E-Commerce, Aerospace, IT), by End-User (Individual, Small & Medium Enterprises, Large Enterprises) - Forecast 2018 -2027

The prominent players in the Intelligent Virtual Assistant Market are-

Nuance Communications (U.S.), Anboto (Spain), Google (U.S.), eGain (U.S.), CX Company (Netherlands), ViClone (Spain), Inbenta (U.S.), GetAbby (U.S.), Creative Virtual (U.K.), Next IT (U.S.) among others.

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Market Synopsis

With the advent of artificial intelligence and the convergence of technology in many spheres of daily life, the intelligent virtual assistant market has grown correspondingly. Market Research Future, a firm which specializes in market reports related to the information and communication technology sector among others, recently published a report on this market. The market for virtual assistants is expected to grow steadily while demonstrating a dynamic CAGR rate.

Intelligent Virtual Assistant Market Segmentation:

MRFR’s report offers a detailed segmental analysis of the global Intelligent Virtual Assistant market based on Technology, Application. End User and Region.

Segmentation by Technology: Text-to-speech and Speech recognition.

Segmentation by Application: Vertical: BFSI, Healthcare, Automotive, E-Commerce, Aerospace, IT among others.

Segmentation by End User: Individual, small & medium enterprises and large enterprises.

Segmentation by Region: North America, Europe, Asia-Pacific & RoW.

Regional Analysis:

North America is dominating the market of intelligent virtual assistant with a sizeable market share. Technological advancement witnessed in North American countries is one of the key drivers for this market. Europe stands as second biggest market for IPA with a considerable market share.

The market size of IPA in Europe region has been valued highly in the year 2015. Asia-Pacific has appeared as fast growing market where as APAC has witnessed an encouragingly high CAGR. It is expected that APAC will dominate the market of intelligent virtual assistant by the end of forecasted period. Urbanization in developing countries such as China and India show immense opportunity for virtual assistant systems.

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Global Competitive Analysis

Entry of new industry players in the industry has set off a trend of solid, volume-driven growth that has been prevalent in the market with the addition of new and innovative products. Companies are aiming to solidify their share of the market segment, by deploying focused strategies for growth.

The industry can benefit in the long-term by industry players maximizing the growth opportunities of this sector by engaging active process improvements and ensuring financial flexibility to invest in new optimal strategies. The key players in the market of intelligent virtual assistant market are- Nuance Communications (U.S.), Anboto (Spain), Google (U.S.), eGain (U.S.), CX Company (Netherlands), ViClone (Spain), Inbenta (U.S.) to name a few.

With huge progress in natural language processing, machine perception and learning, the intelligent virtual assistants and chatbots, are able to harness more information than realized previously. Intelligent virtual assistants are increasingly being built into home speakers such as Amazon’s Echo and similar products from Google and Apple and this trend will only gain further momentum in terms of skill and power over the next year.

Report Overview:

The report for Global Intelligent Virtual Assistant Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance.

The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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This release was published on openPR.