Intelligent Virtual Assistant Market PDF: Global Size, Share, Trends, Growth & Forecast to 2019-2024

1. Global Intelligent Virtual Assistant Market Research Report and Forecast 2024 Report Edition: 2019 Copyright © IMARC Service Pvt Ltd. All Rights Reserved © 2019 IMARC All Rights Reserved

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3. Report Description and Highlights Report Description Global Intelligent Virtual Assistant Market Overview: Intelligent virtual assistant refers to a software agent based on artificial intelligence, which helps in performing several tasks for an individual. In order to enhance the user interface, it emulates human interaction and is integrated with gadgets like smartphones, tablets, portable speakers, smart-watches, etc. As the majority of intelligent virtual assistants employ online resources for answering user’s queries, they do not work without an internet connection. Some of the widely used intelligent virtual assistants include Google Assistant, Apple’s Siri, Amazon Alexa and Microsoft Cortana. A new research report titled “Intelligent Virtual Assistant Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024” by IMARC Group estimates that the global intelligent virtual assistant market was worth US$ 2.2 Billion in 2018. The report further anticipates the market to reach US$ 11.3 Billion by 2024, at a projected CAGR of 31% over the forecast period. Request for a free sample report: https://www.imarcgroup.com/intelligent-virtual-assistant- market/requestsample Global Intelligent Virtual Assistant Market Drivers/Constraints:

4. Report Description and Highlights Report Description 186.5 181.2 120.2125.5130.8136.1141.4146.7152.0157.3 175.9 170.6 160 180 165.3 160.0 160 140 140 120 In Billion US$ in Billion US$ 120 100 100 80 80 60 60 40 40 20 20 0 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 • Social media offers marketing platform to the developers for introducing intelligent virtual assistant amongst consumers. This coupled with a strong penetration of smartphones has propelled the market growth. However, the voice recognition is yet to improve amongst several Intelligent virtual assistant technologies. Moreover, its initial price acts as one of the factors impeding the market growth. •

5. Report Description and Highlights Report Description • Technological advancements have led to a significant shift from analogue to digital technologies in a number of organisations, thereby widening the market opportunities for intelligent virtual assistant. Other factors such as reduced cost of customer service operations and robust dependence on the internet have further resulted in increased usage of Intelligent virtual assistant among the younger generation. • For more information, click here: https://www.imarcgroup.com/intelligent-virtual-assistant-market Key Market Segmentation: Market Segmentation by Product • • Chatbots IVA Smart Speakers On the basis of product, the market is classified as chatbots and IVA smart speakers. Chatbot is a computer programme which carries out conversations via textual means. On the other hand, smart speakers are wireless speakers which encompasses a virtual assistant, playing data as and when commanded.

6. Report Description and Highlights Report Description Market Segmentation by Type • • Rule Based Conversational AI Based At present, rule based exhibits a clear dominance in the global intelligent virtual assistant market. Rule based is followed by conversational Al Based. Market Segmentation by Technology • • • • Text Based Text-To-Speech Automatic Speech Recognition (ASR) Others On the basis of technology, the market is segmented as text based, text-to-speech, automatic speech recognition (ASR) and others.

7. Report Description and Highlights Report Description Market Segmentation by Application • • • • • • BFSI Travel Retail Government Education Others Based on end-use, the report finds that BFSI currently represents the largest end-use segment of intelligent virtual assistant market. BFSI is followed by travel, retail, government, education and others. Market Segmentation by Region • • • • North America Europe Asia Pacific Middle East and Africa

8. Report Description and Highlights Report Description • Latin America On a geographical front, North America enjoys a top position in the global intelligent virtual assistant market, accounting for the biggest market share. North America is followed by Europe, Asia Pacific, Middle East and Africa. Browse Related Report Virtual Reality Headset Market Report: https://www.imarcgroup.com/virtual-reality-headset-market Virtual Reality Gaming Market Report: https://www.imarcgroup.com/virtual-reality-gaming-market Competitive Landscape: The market is highly fragmented and surrounded by numerous small and large manufacturers who compete in terms of prices and quality. There is an rigid competition in the market which makes it hard for small players to survive. Some of the leading players operating in the market include:

9. Report Description and Highlights Report Description • • • • • • • • • • Microsoft Nuance Communications Samsung Electronics Alphabet Apple Amazon International Business Machines (IBM) Baidu Blackberry Inbenta Technologies

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12. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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