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Intelligent Virtual Assistant Market Revenue to Cross USD 22.45 Billion By 2032; Registering at a CAGR of 24.0%

06-24-2024 02:06 PM CET | IT, New Media & Software

Press release from: Polaris Market Research & Consulting

Intelligent Virtual Assistant Market

Intelligent Virtual Assistant Market

The intelligent virtual assistant market was valued at USD 3.24 billion in 2023. It is projected to grow to USD 22.45 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 24.0% during the forecast period (2024 - 2032).

๐€๐œ๐œ๐ž๐ฌ๐ฌ ๐ญ๐ก๐ž ๐‚๐จ๐ฆ๐ฉ๐ซ๐ž๐ก๐ž๐ง๐ฌ๐ข๐ฏ๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐‡๐ž๐ซ๐ž: https://www.polarismarketresearch.com/industry-analysis/intelligent-virtual-assistant-market/request-for-sample

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ƒ๐ž๐Ÿ๐ข๐ง๐ข๐ญ๐ข๐จ๐ง:

The Intelligent Virtual Assistant is an AI-enabled conversation helper that leverages human expertise and the company knowledge base to leverage cognitive and analytics computing to provide personalized responses based on location, previous discussions, and unique client information. It is more sophisticated than a basic chatbot, which is automated but not AI-powered.

๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ:

โ— As the number of IoT devices, such as smart homes and wearables, grows, so does the demand for IVAs that can smoothly interact with them.
โ— Virtual Assistants (VAs) are increasingly being used in financial institutions around the world, which is driving industry growth.

๐๐ฎ๐ฒ ๐๐จ๐ฐ ๐“๐ก๐ข๐ฌ ๐๐ซ๐ž๐ฆ๐ข๐ฎ๐ฆ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ: https://www.polarismarketresearch.com/buy/58/2

๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ:

In this extremely competitive industry, major rivals constantly innovate and differentiate their products in an effort to take the lead in the market. Here is the list of the leading companies operating in the intelligent virtual assistant market:

โ€ข Apple Inc.
โ€ข Microsoft Corporation
โ€ข Google
โ€ข Nuance Communications
โ€ข IBM Corporation
โ€ข Oracle Corporation
โ€ข [24]7 Customer Inc.
โ€ข Speaktoit Inc.
โ€ข CodeBaby Corporation
โ€ข Next IT Corporation
โ€ข Intel Corporation
โ€ข Clara Labs

๐ˆ๐ง๐ญ๐ž๐ฅ๐ฅ๐ข๐ ๐ž๐ง๐ญ ๐•๐ข๐ซ๐ญ๐ฎ๐š๐ฅ ๐€๐ฌ๐ฌ๐ข๐ฌ๐ญ๐š๐ง๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐‡๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ

โ€ข The automatic speech recognition technology segment is poised to witness the highest growth rate in the upcoming years due to the widespread adoption of smart speakers across multiple industries,
โ€ข The smart speaker segment is anticipated to exhibit the highest compound annual growth rate (CAGR). Residential consumers predominantly utilize these devices to carry out daily tasks, and have gained considerable popularity in smart offices and automotive applications.
โ€ข Asia Pacific region is expected to witness the fastest CAGR in the market due to the growth of China's retail and consumer electronics sectors.

๐๐ซ๐จ๐ฐ๐ฌ๐ž ๐€๐๐๐ข๐ญ๐ข๐จ๐ง๐š๐ฅ ๐ƒ๐ž๐ญ๐š๐ข๐ฅ๐ฌ: https://www.polarismarketresearch.com/industry-analysis/intelligent-virtual-assistant-market

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:

The market is mainly segmented based on technology, product, application, and region. According to technological research, the automatic voice recognition technology market is predicted to develop the fastest in the future years as smart speakers are widely adopted in a variety of industries. The growing global usage of mobile computing technology is predicted to drive up demand for automatic voice recognition, allowing customers to engage more easily with their smartphones and applications.

Furthermore, according to the product analysis, the chatbot segment had the greatest intelligent virtual assistant market share in 2022. The healthcare business has exhibited the greatest adoption of chatbots. The expanding number of social media platforms, as well as the need to study client behavior, are projected to propel the chatbot industry further in the next years.

๐Œ๐จ๐ซ๐ž ๐“๐ซ๐ž๐ง๐๐ข๐ง๐  ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐๐จ๐ฅ๐š๐ซ๐ข๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

Learning Management System Market: https://www.polarismarketresearch.com/industry-analysis/learning-management-system-market

Video on Demand (VoD) Market: https://www.polarismarketresearch.com/industry-analysis/video-on-demand-vod-market

Embedded Finance Market: https://www.polarismarketresearch.com/industry-analysis/embedded-finance-market

Industrial Metaverse Market: https://www.polarismarketresearch.com/industry-analysis/industrial-metaverse-market

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐ˆ๐ง๐Ÿ๐จ:

Polaris Market Research
Phone: +1-929-297-9727
Email: sales@polarismarketresearch.com

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ:

Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.

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