Identify Sales forecasts to help your business keep adequate inventory, create an actionable plan with latest edition released by AMA on Global Intelligent Virtual Assistant Market to regulate the balance of demand and supply. This intelligence report provides a comprehensive analysis of the Global Intelligent Virtual Assistant Market. This includes Investigation of past progress, ongoing market scenarios, and future prospects. Data True to market on the products, strategies and market share of leading companies of this particular market are mentioned. It’s a 360-degree overview of the global market’s competitive landscape. The report further predicts the size and valuation of the global market during the forecast period.
What is Intelligent Virtual Assistant?
An intelligent virtual assistant is referred to as an engineered entity residing in the software which interfaces with humans in an exactly human way. This kind of technology incorporates the elements of an interactive voice response and also other projects of modern artificial intelligence to deliver the full-fledged “virtual identities” which converse with users. Some of the very famous intelligent virtual assistants available are Microsoft’s Cortana and Apple’s Siri, which are been delivered with these operating systems companies’ and mobile platforms. The main purpose for an intelligent virtual assistant is to answer the questions that users basically have. This is to be done in a business environment, for example, with a chat interface or on the business website. This growth is primarily driven by Demand for Automation in Customer Service and Integration of Speaker-Based Virtual Assistants and Smart Home Appliances is Driving the Market of Smart Speakers.
Some of the key players profiled in the study are:
Alphabet (United States), Amazon (United States), Apple (United States), Nuance Communications (United States), IBM (United States), Microsoft (United States), Samsung Electronics (South Korea), Inbenta Technologies (United States), Baidu (China) and Blackberry (United States) etc
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Key Developments in the Market:
Microsoft signed an agreement to acquire Xoxco, a software product design and development studio known for its conversational AI and bot development capabilities,” Lili Cheng, corporate VP for conversational AI at Microsoft wrote in a blog post announcing the acquisition
Alphabet Inc. is leaving on stone unturned to strengthen its position in the virtual assistant space. The company recently announced a number of upgrades for Google Assistant on smartphones at Consumer Electronics Show (CES) 2019. The latest upgrades will enable users to check into flights using voice commands, navigate using Google maps and use Assistant from the lock screen among others
Market Drivers
- Demand for Automation in Customer Service
- Integration of Speaker-Based Virtual Assistants and Smart Home Appliances is Driving the Market of Smart Speakers
Market Trend
- Increasing Adoption of Chatbots Because of the Availability of Low-Cost Software Modules for Chatbot Design
Restraints
- Lack of Accuracy in Chatbot
- System Integration Complexities Add to the Cost of Smart Speakers
Opportunities
- Gesture Recognition Technology Will Add Value to IVA and Multi-Language Support in IVAs Will Increase Its Market Penetration
Challenges
- Lack of Awareness in Developing Countries and Limited Market Reach of IVA Smart Speakers in Developing Countries
Each segment and sub-segment is analyzed in the research report. The competitive landscape of the market has been elaborated by studying a number of factors such as the best manufacturers, prices and revenues. Global Intelligent Virtual Assistant Market is accessible to readers in a logical, wise format. Driving and restraining factors are listed in this study report to help you understand the positive and negative aspects in front of your business.
This study mainly helps understand which market segments or Region or Country they should focus in coming years to channelize their efforts and investments to maximize growth and profitability. The report presents the market competitive landscape and a consistent in depth analysis of the major vendor/key players in the market.
Furthermore, the years considered for the study are as follows:
Historical year – 2014-2018
Base year – 2019
Forecast period** – 2019 to 2025 [** unless otherwise stated]
**Moreover, it will also include the opportunities available in micro markets for stakeholders to invest, detailed analysis of competitive landscape and product services of key players.
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The Global Intelligent Virtual Assistant segments and Market Data Break Down are illuminated below:
by Type (Chatbot, IVA Smart Speakers), Application (Websites, Contact Centers, Messenger Bots), Industry (Consumer Electronics, BFSI, Healthcare, Education, Retail), User interface (Text Based, Text-To-Speech-Based, Automatic Speech Recognition (ASR), Others), End user (Individual Users, Small and Medium Enterprises, Large Enterprises)
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
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Strategic Points Covered in Table of Content of Global Intelligent Virtual Assistant Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Intelligent Virtual Assistant market
Chapter 2: Exclusive Summary – the basic information of the Intelligent Virtual Assistant Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of the Intelligent Virtual Assistant
Chapter 4: Presenting the Intelligent Virtual Assistant Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region 2013-2018
Chapter 6: Evaluating the leading manufacturers of the Intelligent Virtual Assistant market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
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Key questions answered
- Who are the Leading key players and what are their Key Business plans in the Global Intelligent Virtual Assistant market?
- What are the key concerns of the five forces analysis of the Global Intelligent Virtual Assistant market?
- What are different prospects and threats faced by the dealers in the Global Intelligent Virtual Assistant market?
- What are the strengths and weaknesses of the key vendors?
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