openPR Logo
Press release

Intelligent Virtual Assistant Market to Witness Huge Growth in The Future | IBM, Clara Labs, Nuance Communications, InteliWISE, Artificial Solutions, Creative Virtual, eGain Communications, Anboto and 24/7 Customer, Inc

03-19-2020 10:19 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: marketstudyreport.com

/ PR Agency: marketstudyreport
Intelligent Virtual Assistant Market to Witness Huge Growth

MarketStudyReport.com Adds New Intelligent Virtual Assistant Market 2024 research report providing information and data By Technology, By Service, By Application, By End-Use, Industry Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast spreading across 300 Pages with table and figures in it.

Speech recognition technology is witnessing high growth in the IVA market due to the rise in adoption of these techniques in modern industrial solutions. The automobile and smartphone industry are the major application areas of the technology. The future connected cars are being developed with speech recognition solutions that will allow the driver to use their cellphones, find their destination with the help of maps using speech activated commands. For instance, Apple CarPlay is an application-based software that gets connected to the vehicle display system and accepts voice commands.

Request a sample of this premium report at: https://www.marketstudyreport.com/request-a-sample/467873/?utm_source=Openpr.com-AN

Increasing adoption of these solutions for customer service is predicted to accelerate the IVA market growth. It assists or handles the customer query by providing an interaction with the virtual agent or chatbots. These virtual agents direct the solution of the customer issues or transfer the calls to the concerned department, thereby managing the customer calls to the specific department and reducing the confusion in call flows. Several advantages offered by such systems to the company include 24/7 support, efficiency in business operations and higher productivity. These benefits are encouraging the adoption of such solutions in service industry, thereby providing an impetus to the IVA market.

The application of such technologies is growing rapidly in healthcare sector due to the rise in demand for improving the medical techniques that will allow the doctors or physicians to treat their patients in an effective manner. Several advantages offered by such systems in healthcare sector include personalized medication, advanced treatment plans, predictive medical care, improved diagnosis, and long-term cost saving. The Medical Virtual Assistants (MVAs) helps the healthcare organizations in collecting the insurance details, demographic information, procurement details, patient health history, finance/costing, data mining and analysis of all the records. Such rise in adoption of the virtual solutions in healthcare industry is expected to drive the IVA market growth.

IVA Market is expected to exceed USD 11.5 billion by 2024. The technological advancements and innovations being incorporated in several industries such as automotive and retail to assist the customers in operating the industrial solutions or services is expected to drive the IVA market growth. Some of the major technologies that are witnessing high adoption include machine learning and AI. These technologies are allowing the manufacturers to integrate the virtualized assisting solutions that can be connected to several industrial machines.

The Asia Pacific IVA market is expected to generate high demand for these solutions due to the increasing requirement of such advanced technologies in healthcare sector. Increasing number of patients in hospitals is offering several difficulties to the staff in patient management and care. Such factors are encouraging the hospitals and medical institutions to incorporate advanced solutions in their facilities, thereby driving the IVA market growth. Moreover, countries such as China and India are also witnessing high adoption of these solutions for providing self-service to the customers.

Request a discount on standard prices of this premium report at: https://www.marketstudyreport.com/check-for-discount/467873/?utm_source=Openpr.com-AN

Key players operating in the IVA market are IBM, Clara Labs, Nuance Communications, InteliWISE, Artificial Solutions, Creative Virtual, eGain Communications, Anboto and 24/7 Customer, Inc. among others. These companies are engaged in developing industry specific solutions that will provide their customers option to customize the solution based on the industrial requirement. Moreover, the technological advancements and innovations in these industry verticals is expected to be a great opportunity for the IVA market players.

Table of Content:
Chapter 1. Methodology and Scope

1.1. Definition and forecast parameters

1.1.1. Definitions

1.1.2. Assumptions, methodology & forecast parameters

1.2. Data Sources

1.2.1. Primary

1.2.2. Secondary

Chapter 2. Executive Summary

2.1. Intelligent virtual assistant industry 360 degree synopsis, 2013 - 2024

2.1.1. Business trends

2.1.2. Regional trends

2.1.3. Technology trends

2.1.4. End-use trends

2.1.5. Application trends

Chapter 3. intelligent virtual assistant Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2013 - 2024

3.2.1. Smart homes industry landscape

3.2.2. Global artificial intelligence (AI) industry landscape

3.2.3. Smart speakers industry landscape

3.2.4. IoT industry landscape

3.2.5. Global smart wearables industry landscape

3.3. Industry ecosystem analysis

3.3.1. Technology providers

3.3.2. Device manufacturers

3.3.3. System integrators

3.3.4. End-user landscape

3.3.5. Vendor matrix

3.4. Technology and innovation landscape

3.4.1. Evolution of the virtual assistant industry

3.4.2. Intelligent virtual assistant architecture

3.4.3. Technological advancements in AI

3.4.4. Advancements and innovation in NLP

3.5. Regulatory landscape

3.6. Industry impact forces

3.6.1. Growth drivers

3.6.1.1. Increasing adoption across several industry verticals

3.6.1.2. Growing adoption of smartphones across the globe

3.6.1.3. Growing adoption of IoT and M2M technology in North America and Europe

3.6.1.4. Increasing demand by the consumers due to features such as flexibility and rapidity

3.6.1.5. Rising emphasis to enhance customer satisfaction in Asia Pacific

3.6.1.6. High demand for outsourced assistance in India

3.6.1.7. Growing popularity and demand for smart speakers in Latin America and MEA

3.6.2. Industry pitfalls & challenges

3.6.2.1. High initial costs of products

3.6.2.2. High risk pertaining to security flaws

3.6.2.3. Lack of skilled professionals

3.7. Growth potential analysis

3.7.1. Growth potential, by application

3.7.2. Growth potential, by end-use

3.8. Porter's analysis

3.8.1. Supplier power

3.8.2. Buyer power

3.8.3. Threat of new entrants

3.8.4. Threat of substitutes

3.8.5. Internal rivalry

3.9. Competitive landscape, 2017

3.9.1. Company market share analysis

3.9.2. Strategy dashboard

3.10. PESTEL analysis

Chapter 4. Intelligent Virtual Assistant Market, By Technology

4.1. Key trends in intelligent virtual assistant market by technology

4.2. Speech recognition

4.2.1. Market estimates and forecast, 2013 - 2024

4.3. Text-to-speech

4.3.1. Market estimates and forecast, 2013 - 2024

4.4. Voice recognition

4.4.1. Market estimates and forecast, 2013 - 2024

Chapter 5. Intelligent Virtual Assistant Market, By Service

5.1. Key trends in intelligent virtual assistant market by service

5.2. Customer service

5.2.1. Market estimates and forecast, 2013 - 2024

5.3. Marketing assistant

5.3.1. Market estimates and forecast, 2013 - 2024

Related Report:

Global Health Intelligent Virtual Assistant Market Size, Status and Forecast 2025

This report studies the global Health Intelligent Virtual Assistant market, analyzes and researches the Health Intelligent Virtual Assistant development status and forecast in United States, EU, Japan, China, India and Southeast Asia.

https://www.marketstudyreport.com/reports/global-health-intelligent-virtual-assistant-market-size-status-and-forecast-2025/?utm_source=RR-AN

Contact Us:
Market Study Report LLC
4 North Main Street,
Selbyville, Delaware 19975
USA
Phone: 1-302-273-0910
US Toll Free: 1-866-764-2150
Email: sales@marketstudyreport.com
Website: https://www.marketstudyreport.com
Blog: https://www.marketstudyreport.com/blog

About Us:
Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Intelligent Virtual Assistant Market to Witness Huge Growth in The Future | IBM, Clara Labs, Nuance Communications, InteliWISE, Artificial Solutions, Creative Virtual, eGain Communications, Anboto and 24/7 Customer, Inc here

News-ID: 1975223 • Views: 227

More Releases from marketstudyreport.com

Covid -19 Impact on Video Conferencing Market Size 2026: Top Companies, Trends a …
Market Study Report recently introduced new title on “2020-2026 Global Video Conferencing Market Report” from its database. The report provides study with in-depth overview, describing about the Product, Industry Scope and elaborates Market size outlook and status to 2026. Video Conferencing Market size is anticipated to grow at over 19% CAGR between 2020 and 2026. The global video conferencing market is set to register a tremendous rise in its growth
What's driving the Patient Monitoring Devices Market Size? Fukuda, Philips, Skan …
Selbyville, Delaware the prime objective of Patient Monitoring Devices report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report. Wireless segment is anticipated to witness more than 5% growth over the forecast period. Substantial growth can be attributed to rising preference for
What's driving the 3D Implants Market trends? Stryker, Smith and Nephew, DJO Glo …
The 3D Implants market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations. Request a sample Report of 3D Implants Market at: https://www.marketstudyreport.com/request-a-sample/2679238/?utm_source=OPR.com/&utm_medium=SP The most likely (base case) scenario
Artificial Vascular Implants Market is thriving worldwide by 2025 | Top Key Play …
Global Artificial Vascular Implants Market Report added at Market Study Report LLC offers industry size, share, growth, trends and forecast analysis up to 2025. Artificial Vascular Implants Market Report also covers top key players, porters five forces analysis and market segmentation in detail. This report examines the global Artificial Vascular Implants market and provides information regarding the revenue for the period 2020 to 2025. The Artificial Vascular Implants market report provides

All 5 Releases


More Releases for Intelligent

Intelligent Transportation System Market
Intelligent Transportation System Market – Global Industry Analysis and Forecast (2017-2026) – By Offering, by type, by Component, Application, and Geography Intelligent Transportation System Market was valued US$ 20.2 Bn in 2017 and is expected to reach US$ 40.5 Bn by 2026 at CAGR of 9.08% during forecast period. Intelligent Transportation System Market (ITS) is a computerized system with diverse applications connected with vehicle transportation. Also, it provides travelers with important information
Intelligent Tamper-Proof Packaging Market -
Water proof or air proof was the term used for considering leak proof packing of any commodity earlier. In today’s generation, it is tamper resistance. Basically it means to protect a product or package from internal malfunctioning or sabotage. The use of tamper protection features for our smartphone screens is for sealing food items, that, if exposed to the air for a longer time may get contaminated like that of
An intelligent factory
The company Barberini, founded by Pietro Barberini in 1963, today is the world leader for production of optical glass solar lenses, with exclusive and sophisticated technical features, used by various luxury brands. The company controls the entire production chain, from the raw materials to the finished lenses, with cutting-edge industrial sites in Italy, a glass melting plant in Germany, and advanced technologies to produce polarizing lenses for sunglasses. In Italy, Barberini
Intelligent RFID Platform - Bringing Wireless Scalability to Intelligent Sensing
An intelligent RFID platform is basically a part of RFID middleware that enables the development and deployment of RFID systems. The intelligent RFID platform absorbs differences in different RFID tags from multiple suppliers. It then integrates the data to build scalable and flexible RFID solutions. The intelligent RFID platform has tools for monitoring and maintaining RFID systems. An RFID system is a wireless technology that uses radio waves for gathering
Aliens Space Station | Intelligent Living
Aliens Space Station is distinguished by its highest quality construction, prime location, aesthetic appeal, functional design and optimum use of space where every apartment is a result of meticulous planning, incorporating best practices, adhering to a structured quality manual as per ISO norms and 700 quality checks- starting from incoming raw material checks to handover of the flats where you have 28 different floor plans to choose from. Space Station
Experience intelligent connected manufacturing
Trebing + Himstedt will present numerous live demos, from 3-D worker instructions, to shop floor analytics, to predictive maintenance, at the Hannover Trade Fair 2016 Schwerin, March 8, 2016 – Trebing + Himstedt, SAP MES expert for consulting, implementation and licensing of SAP solutions in the production environment, presents practical example applications for intelligently connected production based on SAP MES and IoT solutions. Visitors to the Hannover Trade Fair can experience