Press release
The Impact of Voice Technology On The Intelligent Virtual Assistant Software Market: Transformative Forces Shaping the Intelligent Virtual Assistants Software Market Landscape in 2025
Intelligent Virtual Assistants Software
What Will the Intelligent Virtual Assistants Software Industry Market Size Be by 2025?
In recent years, the market size of intelligent virtual assistant software has experienced swift expansion. The market is projected to increase from $7.9 billion in 2024 to $9.27 billion in 2025, displaying a compound annual growth rate (CAGR) of 17.2%. The growth seen in the historical period can be linked to an escalation in demand for virtual assistants within the insurance services sector, the rise of virtual assistants within IT support and helpdesk roles, the adoption of virtual assistants in personal productivity tools, an increased demand in the travel and hospitality sectors, and the expansion of virtual assistants within the education sector.
What's the Long-Term Growth Forecast for the Intelligent Virtual Assistants Software Market Size Through 2029?
The market size of intelligent virtual assistants software is predicted to experience a swift expansion in the upcoming years, reaching $16.79 billion in 2029 with a compound annual growth rate (CAGR) of 16.0%. This surge during the forecast period likely stems from factors such as the accelerating adoption of AI-centric solutions, widespread use of virtual assistants across diversified industries, creation of bespoke virtual assistants for specific sectors, a preference for effective self-service alternatives, and a rising demand for convenience and automation. Key market trends expected in this period include the incorporation of artificial intelligence within virtual assistants, progress in natural language processing (NLP) and machine learning (ML), proliferation of virtual assistants within the retail sector, burgeoning use of virtual assistants across varied industries, and the broadening scope of virtual assistants within healthcare services.
View the full report here:
https://www.thebusinessresearchcompany.com/report/intelligent-virtual-assistants-software-global-market-report
What Are the Key Growth Drivers Fueling the Intelligent Virtual Assistants Software Market Expansion?
The intelligent virtual assistant software market is likely to advance due to the increasing adoption of voice technologies. This technology, including voice recognition, natural language processing (NLP), and speech synthesis, allows humans to interact with digital systems or devices like computers, smartphones, smart speakers, etc., using voice commands, replacing traditional input methods such as typing or clicking. In particular, the intelligent virtual assistant (IVA) software utilizes the voice technology to comprehend natural language, recognize voice, and respond interactively to voice commands or inquiries. This serves as the interface for users, providing an easy communication and interaction method. For example, a study conducted by the National Public Radio of nearly 2,200 U.S. adults in June 2022 reported that smartphone voice assistant users now demand an average of 10.7 tasks weekly, an increase from 8.8 in 2020. Moreover, in 2022, 62% of Americans aged 18 and above employ a voice assistant on at least one device. Therefore, the growing prevalence of voice technology contributes to the expansion of the intelligent virtual assistant software market.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=15202&type=smp
What Are the Key Trends Driving Intelligent Virtual Assistants Software Market Growth?
Prominent businesses in the intelligent virtual assistant software market are forging ahead with the development of cutting-edge products that incorporate advanced technologies such as voice-enabled solutions. Voice-enabled solution refers to a technology or software application that enables user interaction with devices, systems or services by way of spoken commands or processing of natural language. To exemplify, in May 2023, a technology solutions firm based in the US called SmarTek21, in collaboration with Medtech Global, a software company for general practice management in New Zealand, launched IntelliTek Health's Clinical Virtual Assistant (CVA). This assistant is a voice-enabled solution that facilitates care providers with the ability to leverage voice commands for dictation throughout consultations, the process of prescribing and adjusting medications, and booking follow-up appointments. It also provides clickless and voice navigation within the electronic medical record, thereby diminishing the administrative load on clinicians.
How Is the Intelligent Virtual Assistants Software Market Segmented?
The intelligent virtual assistants softwaremarket covered in this report is segmented -
1) By Product: Chatbot, Smart Speaker
2) By Technology: Automatic Speech Recognition, Text To Speech, Text-Based
3) By Application: Government, Retail And Ecommerce, Healthcare And Life Sciences, Banking, Financial Services, And Insurance (BFSI), Transportation And Logistics, Telecom And Information Technology (IT), Manufacturing, Other Applications
Subsegments:
1) By Chatbot: Customer Service Chatbots, E-Commerce Chatbots, Social Media Chatbots, AI-Powered Support Chatbots, Voice-Enabled Chatbots
2) By Smart Speaker: Voice-Activated Assistants, Home Automation Integration, Music And Entertainment Features, Voice Search And Information Retrieval, Smart Home Control And Management
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=15202&type=smp
Which Companies Are Leading the Charge in Intelligent Virtual Assistants Software Market Innovation?
Major companies operating in the intelligent virtual assistants software market report are Amazon.com Inc.; Apple Inc.; Alphabet Inc.; Samsung Electronics; Microsoft Corporation; Tencent Holdings Ltd.; International Business Machines Corporation (IBM); Cisco Systems Inc.; Oracle Corporation; Salesforce.com Inc.; Baidu Inc.; SAS Institute Inc.; SAP SE; RingCentral Inc.; Sonos Inc.; Nuance Communications Inc.; UiPath Inc.; Nice Systems Ltd.; Verint Systems Inc.; Clara Labs; 8x8 Inc.; Inbenta Technologies; LivePerson Inc.; Automation Anywhere Inc.; eGain Corporation
Which Regions Are Leading the Global Intelligent Virtual Assistants Software Market in Revenue?
North America was the largest region in the intelligent virtual assistants software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the intelligent virtual assistants software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=15202
This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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 The Impact of Voice Technology On The Intelligent Virtual Assistant Software Market: Transformative Forces Shaping the Intelligent Virtual Assistants Software Market Landscape in 2025 here
News-ID: 4239531 • Views: …
More Releases from The Business Research Company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for Assistant
Healthcare Virtual Assistant Market Size Analysis by Application, Type, and Regi …
USA, New Jersey- According to Market Research Intellect, the global Healthcare Virtual Assistant market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period.
The market for healthcare virtual assistants is expanding rapidly as a result of rising demand for digital health solutions and more efficient patient care…
Intelligent Virtual Assistant Market Next Big Thing | Major Giants with Houndify …
HTF MI recently introduced Global Intelligent Virtual Assistant Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2025-2032). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players in this Report Include: Apple Siri (United States), Amazon Alexa (United States), Google Assistant…
Intelligent Virtual Assistant Market to Witness Massive Growth by 2030 | Apple S …
The latest research study released by HTF MI on Intelligent Virtual Assistant Market with 123+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know-how of the current market development, landscape, sales, drivers, opportunities, market viewpoint and status. The market Study is segmented by key a region that is accelerating the marketization. Intelligent Virtual Assistant study is a perfect mix of qualitative and…
Everyone needs an assistant!
At Speak With My Assistant, we pride ourselves on providing customized virtual assistance and consulting services tailored to meet your unique needs, whether for personal or business purposes. Our team of seasoned professionals understands the significance of offering top-notch support to enhance efficiency, save time, and alleviate stress. Our diverse services include administrative tasks, social media management and marketing, credit assistance, online notary services, self-publishing assistance, and more. We can…
Intelligent Voice Assistant of Smart Speaker Market by Alexa, Google Assistant, …
North America to account for the largest market size during the forecast period.
North American countries such as the US, Canada, and Mexico are receptive to products enabled with advanced technologies. The penetration of smart speakers in the North American countries especially in the US is high owing to the presence of early adopters and key smart speaker providers. The willingness of customers to accept and use new technologies has also…
Rising Adoption of Voice Assistant in Contact Centers Driving Voice Assistant Ma …
Valued at $1,723.6 million in 2019, the global voice assistant market is predicted to attain a value of $26,872.6 million by 2030, advancing at a 29.7% CAGR during the forecast period (2020-2030). The market is growing due to the rising demand in contact centers and requirement for enhanced customer experience. A software which utilizes natural language processing, speech analytics, and voice recognition technologies for helping users through voice recognition applications…
