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Intelligent Virtual Assistant Market Report (2023 -2032): Key Segments, Future Demand, Opportunity Outlook And Leading Players | Amazon.com Inc., Apple Inc., IBM Corporation, Nuance Communications Inc., Alphabet Inc
Intelligent Virtual Assistant Market
Intelligent Virtual Assistant Market Size, Growth Rate, And Forecast:
The global intelligent virtual assistant market size grew from $9.61 billion in 2022 to $13.64 billion in 2023 at a compound annual growth rate (CAGR) of 41.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The intelligent virtual assistant market size is expected to grow to $44.34 billion in 2027 at a CAGR of 34.3%.
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Intelligent Virtual Assistant Market Drivers:
The increasing demand for self-service options is driving the growth of the intelligent virtual assistant market. Self-service is a practice in which consumers access resources to solve problems on their own without the assistance of a service agent. Self-service grew alongside growing digital technologies as customers become more accustomed to shopping and chatting online. Self-service solutions are now available in almost every business, allowing customers to take a more active role in their journey. As the demand increases for self-service options, there will be an increase in the need to offer automated yet personalized chat service options to customers which are mostly provided through the implementation of intelligent virtual assistants.
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Intelligent Virtual Assistant Market Segments:
By Product: IVA (Intelligent Virtual Assistant) Smart Speaker, Chatbots
By User Interface: Text-To-Text, Text-To-Speech, Automatic Speech Recognition
By End User: Retail, BFSI, Healthcare, Telecom, Other End Users
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Intelligent Virtual Assistant Market.
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Intelligent Virtual Assistant Market Key Players:
Major competitors in the intelligent virtual assistant market Amazon.com Inc., Apple Inc., IBM Corporation, Nuance Communications Inc., Alphabet Inc., Inbenta Technologies Inc., Microsoft Corporation.
The Business Research Company's "Global Intelligent Virtual Assistant Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Intelligent Virtual Assistant Market Include:
1. Executive Summary
2. Intelligent Virtual Assistant Market Characteristics
3. Intelligent Virtual Assistant Market Trends And Strategies
4. Intelligent Virtual Assistant Market - Macro Economic Scenario
5. Intelligent Virtual Assistant Market Size And Growth
……
26. Africa Intelligent Virtual Assistant Market
27. Intelligent Virtual Assistant Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Intelligent Virtual Assistant Market
29. Intelligent Virtual Assistant Market Future Outlook and Potential Analysis
30. Appendix
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