Global Intelligent Virtual Assistant Market Share, Size, Growth, Trends And Forecast 2018-2023

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 Global Intelligent Virtual Assistant Market
Catalyzed by Strong Penetration of Internet
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Report Description and Highlights
Report Description
 Global Intelligent Virtual Assistant Market
Catalysed by Strong Penetration of Internet Over
the years, the global intelligent virtual
assistant market has been witnessing a tremendous
growth. Some of the factors which are giving
impetus to the market include strong penetration
of smartphones and dependence on the internet,
rapid increase in the influence of social media,
etc. Intelligent virtual assistant refers to a
software agent based on artificial intelligence,
which helps in performing several tasks for an
individual. In order to enhance the user
interface, it emulates human interaction and is
integrated with gadgets like smartphones,
tablets, portable speakers, smart-watches, etc.
As the majority of intelligent virtual assistants
employ online resources for answering users
queries, they do not work without an internet
connection. Some of the widely used intelligent
virtual assistants include Google Assistant,
Apples Siri, Amazon Alexa and Microsoft Cortana.
A new research report titled Intelligent Virtual
Assistant Market Global Industry Trends, Share,
Size, Growth, Opportunity and Forecast
2018-2023 by IMARC Group estimates that
the global intelligent virtual assistant
market was worth US 1.7 Billion in 2017. The
report further anticipates the market to cross
US 9 Billion by 2023, at a projected CAGR of 32
over the forecast period.
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Report Description and Highlights
Report Description

• Global Intelligent Virtual Assistant Market
  Drivers/Constraints
• Social media offers marketing platform to the
  developers for introducing intelligent virtual
  assistant amongst consumers. This coupled with a
  strong penetration of smartphones has propelled
  the market growth.
• Technological advancements have led to a
  significant shift from analogue to digital
  technologies in a number of organisations,
  thereby widening the market opportunities for
  intelligent virtual assistant.
• Other factors such as reduced cost of customer
  service operations and robust dependence on the
  internet have further resulted in increased usage
  of Intelligent virtual assistant among the
  younger generation.
• However, the voice recognition is yet to improve
  amongst several Intelligent virtual assistant
  technologies. Moreover, its initial price acts as
  one of the factors impeding the market growth.
• Read more here https//www.imarcgroup.com/int
  elligent-virtual-assistant-market

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Report Description and Highlights
Report Description
Product Insights On the basis of product, the
market is classified as chatbots and IVA smart
speakers. Chatbot is a computer programme which
carries out conversations via textual means. On
the other hand, smart speakers are wireless
speakers which encompasses a virtual assistant,
playing data as and when commanded. Typ
e Insights At present, rule based exhibits a
clear dominance in the global intelligent virtual
assistant market.  Rule based is followed by
conversational Al Based. Request Sample Of The
Report https//www.imarcgroup.com/request?typere
portid918flagB
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Report Description and Highlights

• Technology Insights
• On the basis of technology, the market is
  segmented as text based, text-to-speech,
  automatic speech recognition (ASR) and others.
• End-Use Insights
• Based on end-use, the report finds that BFSI
  currently represents the largest end-use segment
  of intelligent virtual assistant market. BFSI is
  followed by travel, retail, government, education
  and others.
• Regional Insights
• On a geographical front, North America enjoys a
  top position in the global intelligent virtual
  assistant market, accounting for the biggest
  market share. North America is followed by
  Europe, Asia Pacific, Middle East and Africa.
• Competitive Landscape
• The market is highly fragmented and surrounded by
  numerous small and large manufacturers who
  compete in terms of prices and quality. There is
  an rigid competition in the market which makes it
  hard for small players to survive. Some of the
  leading players operating in the market include
• Microsoft
• Nuance Communications
• Samsung Electronics
• Alphabet
• Apple

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Report Description and Highlights

• Amazon
• International Business Machines (IBM)
• Baidu
• Blackberry
• Inbenta Technologies
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Report Description and Highlights
Report Description

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