Global Intelligent Virtual Assistant Market 2024-2028
The intelligent virtual assistant market is forecasted to grow by USD 5000.82 mn during 2023-2028, accelerating at a CAGR of 23.05% during the forecast period. The report on the intelligent virtual assistant market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for enhanced customer service in businesses, benefits offered to content consumers, owners, and publishers, and integration of IVAS with IoT and smart devices.
Technavio's intelligent virtual assistant market is segmented as below:
By Product
By Type
- Text-to-speech
- Voice recognition
- Text-based
By Geographical Landscape
- North America
- APAC
- Europe
- South America
- Middle East and Africa
This study identifies the increasing application of intelligent virtual assistants in healthcare as one of the prime reasons driving the intelligent virtual assistant market growth during the next few years. Also, increasing m and a, partnership, and collaboration and rising popularity of voice commerce will lead to sizable demand in the market.
The report on the intelligent virtual assistant market covers the following areas:
- Intelligent virtual assistant market sizing
- Intelligent virtual assistant market forecast
- Intelligent virtual assistant market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading intelligent virtual assistant market vendors that include Ada Health GmbH, Alphabet Inc., Amazon.com Inc., Anboto Europe SL Co., Apple Inc., Baidu Inc., Creative Virtual Ltd., eGain Corp., Inbenta Holdings Inc., Infermedica Sp. z o.o., Interactions LLC, International Business Machines Corp., Microsoft Corp., Nuance Communications Inc., Oracle Corp., Orbita Inc., Samsung Electronics Co. Ltd., Sense.ly Corp., True Image Interactive Inc., and Verint Systems Inc.. Also, the intelligent virtual assistant market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.