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Technology trends in Global Virtual Assistant Application Market 2025 with study business opportunities growth during forecast period 2019-2025 with key players such as Amazon, Google, Microsoft, Samsung, Nuance, VMware, Oracle

01-16-2019 12:24 PM CET | IT, New Media & Software

Press release from: The Research Insights

Virtual Assistant Application marke

Virtual Assistant Application marke

“A virtual assistant Application, also called AI assistant or digital assistant, is an application program that understands natural language voice commands and completes tasks for the user. Such tasks, historically performed by a personal assistant or secretary, include taking dictation, reading text or email messages aloud, looking up phone numbers, scheduling, placing phone calls and reminding the end user about appointments.”

Global Virtual Assistant Application Market is expected to grow at a CAGR of +8% during the forecast period 2019-2025.

Virtual assistants are quickly evolving to provide more capabilities and value to users. As speech recognition and natural language processing advances, so too will a virtual assistant's ability to understand and perform requests. And as voice recognition technology improves, virtual assistant use will move deeper into business workflows.

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Key players:
The Global Virtual Assistant Application Market dominated by key players such as Hiba, Accenture, Trains, NTTdaTa, EY, Object Win.

Market Segmentation:
North America dominated the Virtual Assistant Application market in 2019, and accounted for a share of over 38% owing to the technological advancements over the decade. These advancements have resulted in increased use of cloud-based applications such as Skype, and MS Office Online.

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The virtual assistant application market in automotive applications is expected to grow rapidly over the forecast timespan due to features such as providing personalized assistance to the drivers and delivering a safe driving experience. The technology can be integrated with systems such as automatic parking, adaptive cruise control, lane change assist, and other ADAS controls. Several vendors in the industry offer IVAs to integrate voice as a part of the in-car infotainment systems.

Virtual Assistant Application market is highly fragmented and is characterized by intense competition, which is expected to strengthen over the future. Key companies and several new entrants have established or may establish cooperative relationships among themselves or with third parties thereby increasing the aptitude of their technologies to address the needs of the prospective customers.

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The Research Insights is a global leader in data analytics and a fundamental tool to answer questions and acquire knowledge regarding complexity of interactions between the internal and external factors affecting the dynamics of a marketplace. We exemplify innovative, descriptive, and comprehensive revelations through market research to satisfy your individual and organizational objectives. We assist you to make well-informed, profound and favorable decisions to encompass the advantages of upcoming trends, progressions, estimations, and opportunities through our precise understanding of the market.

Our reports will provide the stepping stones for consistent growth of businesses by presenting novel outcomes and solutions to efficiently manage various circumstances and drawbacks of the industry. The accuracy of our statistics is determined by relevant supporting data to enable a step by step approach and reliable verification through experienced skills and verified methodologies. We enable our clients to analyze and anticipate their business requirements to make perceptive decisions, which ensures a substantial impact for our clients. Thus, we deliver value to our clients by assisting the process of their customer management in ways that benefit the organization and its stakeholders.

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