ALBANY, N.Y., Sept. 2, 2020 /PRNewswire/ — Global intelligent virtual assistant market is set to chart a robust growth trajectory over the coming few years. It is anticipated that over the forecast period of 2020 to 2030, the market would grow at a rate of 33%, compounded annually. A number of growth factors can be attributed here, leading to a higher market worth of about USD 50.9 billion by the end of the assessment period from USD 2.9 billion in 2020.
As per Transparency Market Research, “Increasing adoption of IoT, digitized technology, and connected devices are factors leading to growth in the global intelligent virtual assistant market over the forecast period. There are various other factors that are contributing to increasing market worth. These include data explosion and need for better navigational tools on websites.”
Download PDF Brochure – https://www.transparencymarketresearch.com/sample/sample.php
Key Findings of Global Intelligent Virtual Assistant Market Study:
- In retail sector, companies are exploring opportunities in the sphere of voice controlled devices, which are anticipated to fuel growth in grocery shopping
- Healthcare industry is bringing speech recognition tools to the forefront, driving market players towards better research and development to launch effective translation products
Request the Covid19 Impact Analysis across Intelligent Virtual Assistant Industries and Markets
Key Drivers of Growth in Global Intelligent Virtual Assistant Market:
- Massive demand in the market is created by data explosion, noted worldwide as organizations move towards digital technologies
- Large volumes of data is leading to need for better navigational tools on websites and that is paving way for growth in demand for intelligent virtual assistants
- In connecting devices, notable increase in adoption of multi-core technologies is observed and that is contributing to growth
- Advancements in technologies such as Internet of Things (IoT), its increasing adoption, and increasing use of connected devices are also notable growth factors
For a detailed analysis of global intelligent virtual assistant market by technology, application, end-user and region, visit at https://www.transparencymarketresearch.com/intelligent-virtual-assistant-industry.html
Regional Analysis of Global Intelligent Virtual Assistant Market:
- Dominant place on the regional charts of global intelligent virtual assistant market will be held by North America – to be followed by Europe
- Robust adoption of virtual technologies, and large and growing use of intelligent devices can be attributed to the dominant position of North American region
- Growth would be noted in the Asia Pacific (APAC) region and that will create new opportunities for market players to tap into
Analyze global intelligent virtual assistant market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study
Competitive Landscape of Global Intelligent Virtual Assistant Market:
Transparency Market Research has profiled top players in its report on global intelligent virtual assistant market. It provides details into products, financials, recent developments, and business strategies of players. It is pertinent to note here that in the vendor landscape of the marker under discussion, measures such as advancement in technology are crucial for claiming larger market share.
Some of the distinguished players operating in the global intelligent virtual assistant market are Amazon Web Services, Anboto Group., Apple Inc., Artificial Solutions Ltd., Baidu, CodeBaby Corp., Creative Virtual Ltd., CX Company, eGain Communications Corp., Inbenta Technologies, IntelliResponse Systems Inc., Next IT Corporation, Nuance Communications Inc., Samsung Electronics, Sony Corporation, Speaktoit Inc., Uniphore Software Solutions Pvt. Ltd., Voicebox Technologies Corp, and VoiceVault Inc., among others.
Access TMR Press Releases – https://www.transparencymarketresearch.com/press-releases.htm
Global Intelligent Virtual Assistant Market: Segmentation
Intelligent Virtual Assistant Market, by Technology
- Speech Recognition
Intelligent Virtual Assistant Market, by Application
- Contact Centers
- Messenger Bots
Intelligent Virtual Assistant Market, by End User
- Large Enterprises
- Small & Medium Enterprise
- Individual Users
Intelligent Virtual Assistant Market, by Region
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- United Arab Emirates
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
Explore Transparency Market Research’s award-winning coverage of the Global IT & Telecom Industry:
Cable Management System Market – The global market for cable management systems is likely to report a remarkable growth in the coming years. The opportunity that this market holds is expected to expand at CAGR of 9.97% during the period from 2019 to 2027 and rise from US$19.4 bn in 2018 to a value of US$45.6 bn by the end of 2027.
Telecommunication Market – The global telecommunication market is projected to reach value of US$ 2.5 Trn by 2030. The market is projected to expand at a CAGR of ~5% from 2020 to 2030. Expansion of the telecommunication market can be attributed to the high demand for telecommunication services in on-premise and cloud based solutions among growing industries.
Master Data Management Market – Global master data management market was valued at US$ 6,048.1 Mn in 2019 and is expected to reach US$ 20,485.2 Mn by 2027, expanding at a CAGR of 16.5% from 2019 to 2027, rapid growth in businesses being conducted online has fuelled the demand for MDM solutions globally.
Access TMR Upcoming Reports – https://www.transparencymarketresearch.com/upcoming.htm
Access Recently Published Reports by TMR – https://www.transparencymarketresearch.com/latest.htm
About Transparency Market Research
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyse information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Mr Rohit Bhisey
Transparency Market Research
90 State Street,
Albany NY – 12207
USA – Canada Toll Free: 866-552-3453
Email: [email protected]
SOURCE Transparency Market Research