Global Intelligent Virtual Assistant Market Is Predicted To Rise At A CAGR Of 28.2% During 2022-2032

Intelligent Virtual Assistant Market Analysis Provides Latest Trends and Drivers for 2021-2031

Global Intelligent Virtual Assistant market study sheds light on the important growth dynamics expected to prevail across the assessment period. (Insert forecast period). The study offers statistics of key segments across prominent geographies, along with a detailed mapping of the global competitive landscape.

The market report tracks the global sales of Intelligent Virtual Assistant in 20+ high growth markets, along with analysing the impact of COVID-19 has had on information & communication technology (ICT) industry and Intelligent Virtual Assistant sector in particular.

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How will Sales of Intelligent Virtual Assistant will foster in 2021 and beyond?

In its latest report, Fact.MR offers an exhaustive overview of the global Intelligent Virtual Assistant market with focus on key dynamics, including drivers, restraints, opportunities, trends and detailed information about the global Intelligent Virtual Assistant market structure.

Intelligent Virtual Assistant market sales across the world will rise with the increasing adoption of wireless technology and penetration of digital media. With the outbreak of COVID-19, companies have become heavily reliant on digital platforms for the survival.

In the post-digital world, digital realities and advanced technologies such as artificial intelligence and internet of thinking & related products/services will be in trend. Technological adoption rate is increasing exponentially, which will bolster the industry growth.

ICT companies. are extensively adopting technologies such as cloud computing and artificial intelligence to ensure seamless operations as teams continue working from home. Focus on fast automation, use of real-time operation within various end-use sectors such as automotive, food & beverage and others will provide stimulus to the growth.

China's ICT industry will register high growth opportunities, especially as tech companies focus on digital transformation in the field of robotic process automation, data theft security, cloud & edge computing and cybersecurity.

Market players across China are shifting their focus on customer needs by taking a more nuanced approach through new service offering and by adopting various strategies such as product development and innovation.

The ICT sector across the U.K., France, and Germany will register robust growth during the forecast period owing to the increasing research & development activities for the development of novel technologies. Rising adoption of artificial intelligence and big data science among the ICT service providers will boost the growth.

Advent of 5G wireless technology across India will aid the growth of ICT sector combined with the adoption of edge computing within various end-use sectors such as healthcare, automotive and food & beverage industry. Emergence of e-commerce platforms within the manufacturing companies of diverse end-use sectors will improve the demand over the coming years.

Rise in adoption of autonomous vehicles across South Korea and Japan is improving the adoption of computing technologies for higher connectivity in the automobiles. This trend will strengthen the growth of ICT industry.

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Key Intelligent Virtual Assistant Market Segments

By Product

Chatbots
Smart Speakers

By Technology

Text-to-Speech
Speech Recognition
Text-Based

By Industry Vertical

Consumer Electronics
BFSI
Healthcare
Education
Retail
Government
Utilities
Travel & Hospitality
Others

By Region

North America
Europe
APAC
Middle East and Africa (MEA)
Latin America

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Competitive Landscape

Virtual help has been implemented in smartphones, PCs, tablets, and other mobile devices by the companies. Amazon Inc. and Baidu, for example, have created virtual assistants for their devices and give customised solutions that work across different platforms. The primary strategies used by the participants in the intelligent virtual assistant market are new product launches and alliances.

Recent Developments in the Intelligent Virtual Assistant Market:

Google said in June 2020 that it would provide new features to its artificial intelligence-based voice assistant, Google Assistant, across a variety of new devices. The most essential of these functions is voice match, which allows smart speakers to recognise a single user's voice and tailor replies to that individual.

Key Regions Analysed

North America
Latin America
Europe
Asia-Pacific
Middle East & Africa

Key Country-wise Inclusions

US Intelligent Virtual Assistant Market
Canada Intelligent Virtual Assistant Sales
Germany Intelligent Virtual Assistant Production
UK Intelligent Virtual Assistant Industry
France Intelligent Virtual Assistant Market
Spain Intelligent Virtual Assistant Supply-Demand
Italy Intelligent Virtual Assistant Outlook
Russia & CIS Market Analysis
China Intelligent Virtual Assistant Market Intelligence
India Intelligent Virtual Assistant Demand Assessment
Japan Intelligent Virtual Assistant Supply Assessment
ASEAN Intelligent Virtual Assistant Market Scenario
Brazil Intelligent Virtual Assistant Sales Analysis
Mexico Intelligent Virtual Assistant Sales Intelligence
GCC Intelligent Virtual Assistant Market Assessment
South Africa Intelligent Virtual Assistant Market Outlook

For More Insights-https://www.globenewswire.com/news-release/2022/03/09/2400432/0/en/Low-Code-Development-Industry-is-Projected-to-Achieve-a-Global-Market-Size-of-US-187-Bn-by-2032-Currently-US-Accounts-For-the-Largest-Market-Share-in-the-World.html

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