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

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

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The titled “Global Virtual Assistant Market 2020” report disclosed by Adroit Market Research will give the Strategic Overview of the industry growth and also predict that it will continue to be driven by Effective presence of key players worldwide. – PowerPoint PPT presentation

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Title: 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
About Us
  • Adroit Market Research is an India-based business
    analytics and consulting company. Our target
    audience is a wide range of corporations,
    manufacturing companies, product/technology
    development institutions and industry
    associations that require understanding of a
    markets size, key trends, participants and
    future outlook of an industry. We intend to
    become our clients knowledge partner and provide
    them with valuable market insights to help create
    opportunities that increase their revenues. We
    follow a code Explore, Learn and Transform. At
    our core, we are curious people who love to
    identify and understand industry patterns, create
    an insightful study around our findings and churn
    out money-making roadmaps. Our analysts have
    tracked high growth markets in chemicals
    materials, healthcare pharmaceuticals,
    semiconductor electronics, energy power, food
    retail, consumer goods, technology, and
    machinery equipment sectors across the world to
    identify new opportunities, potential customers,
    prepare go-to-market (GTM) strategies, identify
    segments for revenue growth for companies, and
    many more.
  • US Headquarters3131 McKinney Ave Ste 600
    Dallas, TX 75204 ,U.S.A 
  • Phone 1 (214) 884-6068
  • Email sales_at_adroitmarketresearch.com
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