Intelligent Virtual Assistant Market Share, Size, Trends & Industry Analysis By Technology (Text-Based, Speech Recogniti

1. Intelligent Virtual Assistant MarketSet to Exceed $21.52 Billion by 2026 | CAGR 36.6% “Intelligent Virtual Assistant Market Share, Size, Trends & Industry Analysis By Technology (Text-Based, Speech Recognition, Text-To-Speech-Based, Others); By Type (Rule-based, Conversational AI-Based); By Service (Customer Service, Marketing Assistant); By End-User (Healthcare, Education, Retail, BFSI, Government, Others); By Regions, Segment Forecast, 2020 – 2026”

2. Intelligent Virtual Assistant Market Estimate & Forecast to 2026 Intelligent virtual assistant market is anticipated to reach $21.52 Billion by 2026 according to a new study published by Polaris Market Research. In 2019, the BFSI segment dominated the global market, in terms of revenue. North America is expected to be the leading contributor to the global market revenue during the forecast period. The growing need to improve customer service, streamline enterprise communication, and increase productivity has boosted the adoption of intelligent virtual assistants. The rising penetration of mobile devices, and integration of virtual assistants with smart home appliances further support the growth of this market. Additionally, the increasing demand of intelligent virtual assistants from small and medium enterprises has supported market growth over the years. Increasing investments by vendors in technological advancements coupled with growing need to improve customer experience would accelerate the adoption of intelligent virtual assistants. However, lack of awareness is expected to hinder market growth. Growing demand from emerging economies is expected to provide numerous growth opportunities in the coming years.

3. Intelligent Virtual Assistant Market Scope Request for sample

4. Intelligent Virtual Assistant Market Estimate & Forecast to 2026 North America generated the highest revenue in the market in 2019, and is expected to lead the global market throughout the forecast period. The presence of established telecom and cloud infrastructure in this region, and growing trend of BYOD drive the market growth in the region. The growing demand of mobile devices, and technological advancements further support market growth in the region. Asia-Pacific is expected to grow at the highest CAGR during the forecast period owing to growing demand of virtual assistant technologies in the developing countries of the region. The end-users in intelligent virtual assistant market include healthcare, education, retail, BFSI, government, and others. In 2019, the BFSI segment accounted for the highest market share owing to increasing need to offer enhanced customer services, and improve productivity. The demand for intelligent virtual assistants has increased from organizations operating in this sector to improve workforce collaboration, client interaction, and reduce costs. The well-known companies profiled in the report include Apple Inc., Microsoft Corporation, Google, Nuance Communications, IBM Corporation, Oracle Corporation, [24]7.ai., Speaktoit Inc., CodeBaby Corporation, Next IT Corporation, Intel Corporation, and Clara Labs among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers. Browse Complete Report

5. Intelligent Virtual Assistant Market Size Request for TOC

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