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Intelligent Virtual Assistant Market To Be Dominated by Keyplayers Microsoft Corporation, IBM Corporation, Intel Corporation, Apple Inc., Artificial Solutions, Next IT Corporation, Oracle Corporation, Amazon, Samsung Electronics, Blackberry, Synthetix Ltd
Intelligent Virtual Assistant
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High adoption of mobile devices is one of the key factors accelerating the growth of global intelligent virtual assistant market. Mobile phone devices increases the access of virtual assistant integrated platforms such as smart speaker (Amazon Echo, Google Home, and Apple HomePod), instant messaging app (Whatsapp and Facebook messenger), and other apps (Google Allo). These enables real-time communication through SMS, voice calls or video chat, and provides real-time information for weather forecast, on demand video, TV shows, entertainment and sports, and online shopping.
The market for intelligent virtual assistant in Asia Pacific is expected to account largest share by 2025. This growth is attributed to increased demand for mobile devices. In Asia Pacific, emerging economies such as India and China are manufacturing hubs for consumer electronic products, including smartphones, home appliances, and televisions.
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Intelligent Virtual Assistant Market: Competitive Background
Major players operating in the global intelligent virtual assistant market include Microsoft Corporation, IBM Corporation, Intel Corporation, Apple Inc., Artificial Solutions, Next IT Corporation, Oracle Corporation, Amazon, Samsung Electronics, Blackberry, Synthetix Ltd., and Nuance Communications.
Intelligent Virtual Assistant Market Taxonomy
On the basis of technology, the global intelligent virtual assistant market is segmented into:
• Text Recognition
• Speech recognition
• Text-to-speech recognition
On the basis of service, the global intelligent virtual assistant market is segmented into:
• Customer Service
• Marketing Assistant
On the basis of end-user industry, the global Intelligent Virtual Assistant market is segmented into:
• Banking, Finance Services and Insurance
• Consumer Electronics
• IT & Telecom
• Healthcare
• Retail
• Education
• Automotive
• Government
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