Intelligent Virtual Assistant Market 2027- Latest Update, Trends & International News In One Place - Check Out Now
November 29, 2019 by Market-NewsFlash
Global Intelligent Virtual Assistant Market Information, by Technology (Text-to-speech, Speech recognition), by Application Vertical (BFSI, Healthcare, Automotive, E-Commerce, Aerospace, IT), by End User (Individual, Small & Medium Enterprises, Large Enterprises) — Forecast 2016–2027
Global Intelligent Virtual Assistant Market — Overview
With the advent of artificial intelligence and the convergence of technology in many spheres of daily life, the intelligent virtual assistant market has grown correspondingly. Market Research Future, a firm which specializes in market reports related to the information and communication technology sector among others, recently published a report on this market. The market for virtual assistants is expected to grow steadily while demonstrating a dynamic CAGR rate.
The content gathered for machine-learning software performance improvement has led to significant improvement in the sector for intelligent virtual assistant market. Social media has significantly influenced the growth of this market leading to creation of new and diverse opportunities in the sector. Enhanced consumer experience is one of the main benefits that are driving the development of this particular sector.
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The Global Intelligent Virtual Assistant Market comprises of the following categories:
By Technology: Text-to-speech and Speech recognition. Text to speech and speech recognition are developing on a relatively similar pace.
By Application: Vertical BFSI, healthcare, automotive, e-commerce, aerospace, IT among others. Healthcare sector is placing significant importance on IVA. IVAs are quite popular in the retail industry. IVA significantly supports the retail industry in several ways including enhanced customer experience and analyzing the buying behaviour of the customer in most efficient way.
By End User: Individual, small & medium enterprises and large enterprises.
By Region: North America, Europe, Asia-Pacific & RoW.
Latest Industry News:
Jan 2018 In addition to its work with Alexa, Kohler is integrating Konnect with Apple’s HomeKit and the Google Assistant so that people can choose their preferred virtual assistant when it comes to talking about the bathroom. The company is also looking to connect to Cortana, Microsoft’s virtual assistant, in the future.
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