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

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Get more information about the market: According to the latest report by IMARC Group, titled “Intelligent Virtual Assistant Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the global intelligent virtual assistant reached a value of nearly US$ 1.7 Billion in 2017. Request a sample report: Browse more reports on Technology & Media Industry: Contact Us IMARC Group USA: +1-631-791-1145 Email: sales@imarcgroup.com Follow us on twitter: @imarcglobal – PowerPoint PPT presentation

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


1
 Global Intelligent Virtual Assistant Market
Catalyzed by Strong Penetration of Internet
Copyright IMARC. All Rights Reserved
2
About IMARC Group
Report Description
IMARC is a leading advisor on management
strategy and market research worldwide. We
partner with clients in all sectors and regions
to identify their highest-value opportunities,
address their most critical challenges, and
transform their businesses. IMARCs information
products include major market, scientific,
economic and technological developments for
business leaders in pharmaceutical, industrial,
and high technology organizations. Market
forecasts and industry analysis for
biotechnology, advanced materials,
pharmaceuticals, food and beverage, travel and
tourism, nanotechnology and novel processing
methods are at the top of the companys
expertise. IMARCs tailored approach combines
unfathomable insight into the dynamics of
companies and markets with close cooperation at
all levels of the client organization. This
ensures that our clients achieve unmatchable
competitive advantage, build more proficient
organizations, and secure lasting results.
3
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.
4
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

5
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
6
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

7
Report Description and Highlights
  • Amazon
  • International Business Machines (IBM)
  • Baidu
  • Blackberry
  • Inbenta Technologies
  • Browse more related reports 
  • Power Bank Market  https//www.imarcgroup.com/po
    wer-banks-market
  • Ice Maker Market https//www.imarcgroup.com/ice-m
    aker-market

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Report Description and Highlights
Report Description

2017 IMARC All Rights Reserved This
Publication and all its contents unless
otherwise mentioned are copyrighted in the name
of International Market Analysis Research and
Consulting (IMARC). No part of this publication
may be reproduced, repackaged, redistributed or
resold in whole or in any part. The publication
may also not be used in any form or by and means
graphic electronic or mechanical, including
photocopying, recording, taping or by information
storage or retrieval, or by any other form,
without the express consent of International
Market Analysis Research and Consulting
(IMARC). Disclaimer All contents and data of
this publication, including forecasts, data
analysis and opinion have been based on
information and sources believed to be accurate
and reliable at the time of publishing.
International Market Analysis Research and
Consulting makes no representation of warranty of
any kind as to the accuracy or completeness of
any Information provided. IMARC accepts no
liability whatsoever for any loss or damage
resulting from opinion, errors or inaccuracies if
any found this publication. IMARC, IMARC Group
and Global Therapy Insight Series are registered
trademarks of International Market Analysis
Research and Consulting. All other trademarks
used in this publication are registered
trademarks of their respective companies.
9

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