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Intelligence Virtual Assistant Market: Global Drivers, Restraints, Opportunities, Trends, And Forecasts Up To 2023

04-02-2019 03:22 PM CET | IT, New Media & Software

Press release from: Contrive Datum Insights Pvt. Ltd.

Intelligence Virtual Assistant Market

Intelligence Virtual Assistant Market

A new report as an Intelligence Virtual Assistant Market that includes a comprehensive analysis of the global market. This includes investigating past progress, ongoing market scenarios, and future prospects. Accurate data on the products, strategies and market share of leading companies in this particular market are mentioned. This report provides a 360-degree overview of the global market's competitive landscape. The report further predicts the size and valuation of the global market during the forecast period. The report also presents thorough qualitative and quantitative data that affect the expected impact of these factors on the market's future growth prospects.
Intelligence Virtual Assistant (IVA) has become a new trend among smartphone users and enterprises across the globe. The increase in the smartphone and internet penetration worldwide is fostering the demand for virtual assistants. The low barriers to enter into this market is a key driver for tech vendors operating in this domain. The IVA market is largely focusing on consumer centric businesses such as, connected cars, retail, financial services and others.

“The global IVA market revenue was estimated to be $2.54 billion in 2017 and is expected to reach $25.23 billion by 2023, growing at a CAGR of 46.6% during the forecast period 2017–2023.”

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Global research provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Global Intelligence Virtual Assistant Market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand Figures, cost, price, revenue and gross margins.

The user types include Enterprise IVA and Consumer IVA. The enterprise IVAs are expected to grow at a content rate compared to consumer IVAs. The enterprise IVAs in 2018 are focusing on understanding online shopping habits of consumers which could drive app builders and businesses to enter the mobile-commerce market place. Both, Enterprise and Consumer IVAs are largely being built on social media platforms such as, Facebook Messenger, Twitter, Skype for Business, Microsoft Teams and WhatsApp. The consumer IVAs are expected to grow at 89.8% CAGR through the forecast period owing to the increasing AI-powered mobile commerce apps.

Global Intelligence Virtual Assistant Market Key Segments:

Technologies Covered:
• Text-to-Speech
• Speech Recognition
• Natural Language Processing (NLP)
• Speaker Independent Systems

Applications Covered:
• Contact Centers
• Messenger Bots
• Websites

End Users Covered:
• Education
• Banking, Financial Services, and Insurance (BFSI)
• Healthcare
• Automotive
• IT & Telecom
• Retail
• Other End Users

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It covers the sales volume, price, revenue, gross margin, historical growth and future perspectives in the Intelligence Virtual Assistant Market. Intelligence Virtual Assistant Market Report analyses the industry status, size, share, trends, growth opportunity, competition landscape and forecast to 2023. This report also provides data on patterns, improvements, target business sectors, limits and advancements. Furthermore, this research report categorizes the market by companies, region, type and end-use industry. Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out. In the end, the report makes some important proposals for a new project of Intelligence Virtual Assistant Market before evaluating its feasibility.

Table of Content (TOC):
Chapter 1 Introduction and Overview
Chapter 2 Industry Cost Structure and Economic Impact
Chapter 3 Rising Trends and New Technologies with Major key players
Chapter 4 Global Intelligence Virtual Assistant Market Analysis, Trends, Growth Factor
Chapter 5 Intelligence Virtual Assistant Market Application and Business with Potential Analysis
Chapter 6 Global Intelligence Virtual Assistant Market Segment, Type, Application
Chapter 7 Global Intelligence Virtual Assistant Market Analysis (by Application, Type, End User)
Chapter 8 Major Key Vendors Analysis of Intelligence Virtual Assistant Market
Chapter 9 Development Trend of Analysis
Chapter 10 Conclusion

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About Contrive Datum Insights:
Contrive Datum Insights (CDI) is the most comprehensive database of market-related research. Serious researchers from across the globe seeking up-to-date information on the latest market trends with in-depth analyses turn to Contrive Datum Insights. Our massive database boasts authentic reports published by leading authors and publications. Contrive Datum Insights’ highly motivated and expert in-house team undertakes rigorous screening of the credentials of publishers and authors before accepting their submissions. Such vetting is imperative for internal quality control.

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