Press release
Global Virtual Assistant Market Analysis To Grow At CAGR Of 11.60% Over period 2017-2021
About Virtual Assistant Market
Virtual assistants exist in cyberspace and are digital entities that help users accomplish tasks. Virtual assistants are present on websites and mobile computing devices. An intelligent virtual assistant refers to an entity that is intelligent and independent with an accurate knowledge. The virtual assistant uses the features of artificial intelligence technology to help people carry out any particular type of work easily. They answer the queries of the users and provide the required information. Customers visit the websites of companies and enterprises at any time of the day, and virtual assistants act as their dynamic and intelligent personal assistants. They guide the customers with the right solutions such as taking the users to a web page and providing information on products and services as requested by the users. A virtual assistant also offers text chat while reducing time lost in searching right information on the Internet.
Technavios analysts forecast the global virtual assistant market to grow at a CAGR of 11.60% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global virtual assistant market for 2017-2021. To calculate the market size, the report considers the revenue generated from the text-to-speech and spoken commands market to calculate the market for global virtual assistants.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Virtual Assistant Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Apple
eGain
Microsoft
Nuance Communications
Other prominent vendors
[24]7
Anboto
Amazon
Creative Virtual
CX Company
Ecreation
H-care
Inbenta
IBM
Next IT
Oracle
Synthetix
True Image Interactive
Viclone
Market driver
Demand for enhanced customer service
For a full, detailed list, view our report
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Market challenge
Technical concerns
For a full, detailed list, view our report
Market trend
Emergence of new virtual assistants in the market
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
Market outline
PART 05: Market landscape
Market overview
Market size and forecast
Five forces analysis
PART 06: Market segmentation by type
Global virtual assistant market by type
Global virtual assistant market by text-to-speech
Global virtual assistant market by spoken commands
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PART 07: Market segmentation by end-user
Global virtual assistant market by end-user
Global virtual assistant market by BFSI
Global virtual assistant market by automotive
Global virtual assistant market by government
Global virtual assistant market by travel
Global virtual assistant market by retail
Global virtual assistant market by others
PART 08: Geographical segmentation
Global virtual assistant market by geography
Virtual assistant market in Americas
Virtual assistant market in APAC
Virtual assistant market in EMEA
PART 09: Key leading countries
Virtual assistant market in US
Virtual assistant market in China
Virtual assistant market in UK
PART 10: Decision framework
PART 11: Drivers and challenges
Market drivers
Market challenges
PART 12: Market trends
Emergence of new virtual assistants in the market
Popularity of chatbots
Virtual assistants make use of phone easier
Popularity of NLP
About us
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