Intelligence Virtual Assistant Market: Global Drivers, Restraints, Opportunities, Trends, And Forecasts Up To 2023
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:
• Speech Recognition
• Natural Language Processing (NLP)
• Speaker Independent Systems
• Contact Centers
• Messenger Bots
End Users Covered:
• Banking, Financial Services, and Insurance (BFSI)
• IT & Telecom
• 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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