Press release
Intelligent Virtual Assistant Market Revenue, Growth & Companies - (24/7 CUSTOMER, INC., Apple Inc, Artificial Solutions, Google Inc., IBM Corporation, Intel Corporation, Microsoft Corporation, Next IT Corporation) 2020-2024
Intelligent Virtual Assistant Market
The Germany Intelligent virtual assistant market is expected to depict considerable growth in the years ahead, owing to the product's new-found usage in the region's thriving automotive market. Technological advancements in IVA have resulted in increased adoption of voice control and gesture control features in next-gen vehicles. IVA can now be integrated within vehicle systems such as automatic parking, lane change assist, adaptive cruise control, and other ADAS controls.
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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. 24/7 CUSTOMER, INC.
2. Apple Inc
3. Artificial Solutions
4. Google Inc.
5. IBM Corporation
6. Intel Corporation
7. Microsoft Corporation
8. Next IT Corporation
9. Nuance Communications
10. Oracle Corporation
The escalating demand for rapid query resolutions & online customer self-service are expected to propel intelligent virtual assistant market alongside the path of progress. IVA has undoubtedly, in recent times, improved the users' online service experience as well as offered increased sales to e-commerce firms. Indeed, the product is becoming the preferred medium to gain information, make purchase decisions, and resolve issues. Companies like Microsoft and Google are adopting the technology to improve ease of access and streamline activities, and increasingly implementing the technology as well to enhance operational efficiency.
The rapid advancements in AI technology will be a prime factor contributing to the extensive growth of intelligent virtual assistant market. Leading providers of IVA technology are investing in research and development activities to come up with cost-effective, highly efficient, and extremely sophisticated and methodological chatbots that are sure to revolutionize global intelligent virtual assistant industry over the span of the next few years.
IVAs can be used for providing customer services and are also enabled to function as marketing assistants. The latter is especially utilized across SMBs, as they reduce the need to recruit administrative staff, office spaces, sales workforce, or full time employees, which will augment intelligent virtual assistant market share from SMBs. In fact, the rising innovations in AI technology and the benefits of IVAs such as enhanced business productiveness and reduced operational costs are prompting more and more SMBs to adopt intelligent virtual assistant.
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