Virtual Assistant Market 2020 By Types, Application, Production, Revenue, Growth Rate, Top Countries Analysis and Consumption By 2025

1
Global Virtual assistant Market

• Rising penetration of smartphones and tablets in
  mobile banking will fuel the virtual assistant
  market growth

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2
Virtual assistant Market Growth Set to Surge
Significantly by 2025

• A virtual assistant is a software-based
  application that can identifies voice commands
  and responds or completes tasks for a user.
  Virtual assistants are installed in almost every
  tablet and smartphone, advanced computers, and,
  nowadays in standalone devices such as Google
  Home and Amazon Echo. Virtual assistants can do
  anything like a human from play music, answer
  questions, tell jokes, and control home items
  such as door locks, lights, thermostats, and
  smart home devices. They are also able to send
  text messages, respond to various voice commands,
  make phone calls, and set up reminder
• Increasing use of virtual assistant solutions to
  improve customer service
• The rising adoption of virtual assistant
  solutions in customer service is considered as
  the primary factor driving the growth of the
  global market across the globe. With the help of
  virtual assistant solutions, companies can
  enhance customer service functions such as front
  desk activities, meeting reminders, and other
  customized services. An increasing number of
  mobile payments across the globe is one of the
  major factors contributing to the growth of
  virtual assistant solutions. For instance, it is
  expected that around 1.06 billion people will
  make mobile payments by the end of 2020.
• Furthermore, increasing usage of smart
  technologies and devices such as smart speakers
  and chatbots in industries such as retail,
  automotive, media entertainment, travel, etc.
  is expected to impact significantly on the growth
  of the virtual assistant market. Various consumer
  products brands have already adopted virtual
  assistant solution in their business operations.

3
Virtual assistant Market Growth Set to Surge
Significantly by 2025

• Adoption of natural language processing in
  virtual assistant solutions
• The development of natural language processing
  (NLP) is also one of the major factors
  contributing to the growth of the global virtual
  assistant market over the forecasted period. NLP
  is an element of artificial intelligence (AI),
  which is capable of analyzing human language and
  converting it into machine language. NLP has the
  ability to operate the system only when the
  recorded voice is detected in various
  applications.
• The automotive application holds a significant
  market share
• Consumer electronics, automotive, healthcare,
  BFSI, retail, and others are some of the
  applications analyzed in this market. Among
  these, the automotive application is expected to
  have the highest growth rate during the analysis
  period. The adoption of integrated technologies
  such as ADAS technologies, adaptive cruise
  control, automatic parking, etc. has increased.
  Combining these features with a virtual
  assistant, automotive manufacturers can deliver
  smart and safer driving experience and
  personalized content to the driver.
• Browse the complete report on _at_
  https//www.adroitmarketresearch.com/industry-repo
  rts/virtual-assistant-market

4
Virtual assistant Market Growth Set to Surge
Significantly by 2025

• North America holds the largest share in the
  global market
• Geographic regions included in the global virtual
  assistant market study are North America, Europe,
  Asia Pacific, South America, and Middle East
  Africa along with its major countries. Among
  these, North America is expected to hold the
  largest share in the global virtual assistant
  market in a given forecasted period. The rising
  number of wireless devices and mobile subscribers
  in North America is expected to drive the virtual
  assistant market in the region. Additionally,
  increasing the adoption of Bring Your Own Device
  (BYOD) has led to the emergence of working
  remotely. Moreover, increasing the use of
  cloud-based solutions such as MS Office and Skype
  has led to technological advancements, which
  further impacted the demand for virtual assistant
  solutions in the region.
• Key Market Players
• IBM Corporation
• Google Inc.
• CodeBaby Corporation
• MedRespond
• Next IT Corporation
• Nuance Communications, Inc.
• Oracle Corporation
• Apple Inc.
• Microsoft

5
Market Segments Virtual assistant Market

• By Product
• Chatbots
• Smart Speakers
• By Technology
• Automatic Speech Recognition
• Text-to-Speech
• By Application
• Consumer Electronics
• Automotive
• Healthcare
• BFSI
• Retail
• Regional Overview, 2018-2028 (USD Million)
• North America
• Europe
• Asia Pacific
• South America

6
Market Segments Virtual assistant Market

• Key Questions Answered
• What are the key growth regions and
  countries?
• What are the important types and
  technologies being used?
• What are the market players doing, in
  terms of research and development?
• Which are the new applications for this
  market?
• What are the integrations happening?
• What are the recent news, developments,
  mergers, or large value deals?
• Purchase a single user copy of the global Virtual
  assistant Market report_at_ https//www.adroitmarketr
  esearch.com/researchreport/purchase/1373

7
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