Tracing The Rising Trajectory Of Virtual Personal Assistants (VPA) Market In The Globe

The virtual personal assistant market includes cloud-based, artificial intelligence enabled smart adviser software, often used in conjunction with smart speakers that may be standalone (such as Amazon Echo) or integrated with other devices/equipment. VPAs are evolving to leverage autonomous agent functionality and smart machine technology to enable an ambient user experience for applications and services.

Virtual personal assistant market solutions are rapidly transitioning from automating customer relationship management and reducing costs or more value-added as AI enabled smart assistants also function as a marketing and sales agent as well as an extension of a company’s brand. The millennial market in particular is anticipated to be a significant driver of overall usage including social media as well as digital content purchases and commerce involving physical goods and services as well.

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The major players profiled in this report include:
Microsoft Corporation
Nuance Communications
Samsung Electronics
Alphabet Inc
Apple
Amazon.com
IBM
Baidu
Oracle Corporation
Inbenta Technologies
……

The end users/applications and product categories analysis:
On the basis of product, this report displays the sales volume, revenue (Million USD), product price, market share and growth rate of each type, primarily split into-
Chatbots
Smartspeakers
……

On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume, market share and growth rate of Virtual Personal Assistants (VPA) for each application, including-
BFSI
E-commerce
Government
IT & Telecom
Personal

Critical questions the report answers:
• Where will all these developments take the industry in the mid to long term?
• What are the upcoming trends in the voice assistant application market?
• What are the competitive developments, such as mergers and acquisitions, new product developments, and business expansion activities, in the market.?
• How major factors, such as drivers, restraints, opportunities, and challenges, influence the growth of the market?
• What are the key roles of major players in the market?

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