Intelligent Virtual Assistant Market Growing Demand, Industry Dynamics, Application, Current Status, Growth Opportunities, Latest Innovation, Top Manufacturers & Forecast Outlook 2025
Global Intelligent Virtual Assistant (IVA) market size was valued at USD 2,166.0 million in 2019 and is anticipated to grow at a CAGR of over 33% in the next five years.
Dallas, United States – May 28, 2021 /MarketersMedia/ —
The global intelligent virtual assistant market has strong competition among the well-established and new emerging players. Increasing usage of technologies, growing technological advancements in several sectors in order to life development as well as for offering convenient ways of offering services and products to the customers in an enhanced manner as well as growing need of smoothening the process and tasks of the employees working in the companies are the major factor that are fueling the growth of the global intelligent virtual assistant market over the coming years. Moreover, rising implementation of various technologies such as internet of things, machine learning and others in the old equipment and infrastructure to offer better and modernized facilities across the globe are further contributing to the expansion of the global intelligent virtual assistant market over the coming years.
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Virtual assistants are used in various sectors such as ecommerce, hospitals, businesses and customer service. They help the customer in making their task of booking appointments, ordering products or for assisting the customers in carrying out various tasks or for getting information about the products and services provided by the companies. They are in the audio form or in the form of a chat bot that answers queries of the people. Hence, these are the factors that are fueling the expansion of the global intelligent virtual assistant market over the coming years.
Also, growing usage of these assistants is known to offer customer satisfaction as well as to ease the manual tasks that increase the cost of employees of the company, which is also contributing to the expansion of the global intelligent virtual assistant market over the forecast period. Also, rising prevalence of the global pandemic of corona virus is increasing the demand for such devices and software which can help the patients in booking appointments and taking care of themselves, as well as for ordering medications, booking for vaccines are other facilities.
The key players operating within the global intelligent virtual assistant (IVA) market are Apple, Inc., Microsoft Corporation, Alphabet, Inc., Nuance Communications, Inc., Samsung Electronics Co. Ltd., Amazon.com Inc., Baidu, Inc., International Business Machines (IBM) Corporation, Inbenta Technologies, Inc., and others. As of 2019, the market for intelligent virtual assistant providers is fragmented with the presence of established global and domestic players across the globe. Moreover, the established companies are coming up with upgraded versions of IVA technologies with upgraded as well as advanced digital and automation solutions.
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Some Major Points From TOC:
Chapter 1 Introduction
Chapter 2 Research Methodology
Chapter 3 Executive Summary
Chapter 4 Research Methodology
Chapter 5 Market Outlook
Chapter 6 Intelligent Virtual Assistant Market by Type
Chapter 7 Intelligent Virtual Assistant Market by Applications
Chapter 8 Intelligent Virtual Assistant Market By Region
Chapter 9 Competitive Landscape
Chapter 10 Company Profiles
10.1 Microsoft Corporation
10.2 Samsung Electronics Co. Ltd.
10.3 Alphabet, Inc.
10.4 Apple, Inc.
10.5 Amazon.com Inc.
10.6 IBM
10.7 Baidu, Inc.
10.8 Inbenta Technologies, Inc.
10.9 Nuance Communications, Inc.
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