Global Virtual Assistant Market 2024-2028

Global Virtual Assistant Market 2024-2028

Global Virtual Assistant Market 2024-2028

The virtual assistant market is forecasted to grow by USD 64496.4 mn during 2023-2028, accelerating at a CAGR of 51% during the forecast period. The report on the 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 demand for enhanced customer service, benefits offered to content consumers, owners, and publishers, and smartphones with intelligent virtual assistants supporting human interactions.

Technavio's virtual assistant market is segmented as below:

• By Type
• Spoken commands
• Text-to-speech
• By End-user
• Automotive
• BFSI
• Government
• Retail
• Others
• By Geographical Landscape
• North America
• APAC
• Europe
• South America
• Middle East and Africa

This study identifies the popularity of chatbots as one of the prime reasons driving the virtual assistant market growth during the next few years. Also, virtual assistants make use of phone easier and rising popularity of nlp will lead to sizable demand in the market.

The report on the virtual assistant market covers the following areas:

• Virtual assistant market sizing
• Virtual assistant market forecast
• 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 virtual assistant market vendors that include 247.ai Inc., Alphabet Inc., Amazon.com Inc., Anboto Europe SL Co., Apple Inc., Artificial Solutions International AB, Baidu Inc., Creative Virtual Ltd., CSS Corp., CX Co., eGain Corp., GAVS Technologies NA Inc., Inbenta Holdings Inc., International Business Machines Corp., Microsoft Corp., Oracle Corp., Synthetix Ltd., True Image Interactive Inc., VA Company LLC, and Verint Systems Inc.. Also, the 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.