Press release
Global Intelligent Virtual Assistant Market 2020 Revenue, Opportunity, Forecast and Value Chain 2027
The intelligent virtual assistant market promises robust growth as naturalization of language picks up to set various end-applications on track for robust adoption. The virtual assistants systems were widely common in consumer applications earlier. However, the new naturalization is expected to provide the much-needed wings for these systems to either co-pilot the systems along with real customer executives, or simply execute operations on their own. The new advancements in the technology, and influx of social media are expected to drive an astonishing CAGR of 32.8% during 2016-2024 in the intelligent virtual assistant market.
Based on a recently released report by Transparency Market Research (TMR), the global intelligent virtual assistant market will drive growth at 32.8% CAGR, reaching a valuation of US$7.9 bn by 2024 from US$627.7 mn in 2015. The adoption of digital technology, from the conventional analogue systems are expected to remain a key driver apart from emerging trend in sophisticated use of technology. The greater adoption of digital mediums across telecom, defence, aviation, manufacturing, healthcare, and retail will drive robust growth for the intelligent virtual assistant market in the near future.
For More Info | Download PDF Brochure, Click Here: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2544
Large Enterprises Promise Key Opportunities for Growth
The high-costs of technological adoption are key concerns for global intelligent virtual assistant market. However, large enterprises, thanks to their large-scale operations benefit significantly in areas like customer service, online authentication, and data management from systems based on the intelligent virtual assistant technologies. These technologies have penetrated operations of large scale enterprises in various areas including customer care, operations, and sales as well. On Social media websites like Facebook, rising number of virtual assistants help people find the clothes of their choice and wear to put on based on their appearances and personal preferences. These automated systems are also rising in demand, as increasing number of tech-savvy young people prefer the privacy and care-free shopping method to purchase clothes of their choice at their own time, and at their own pace, online. The rising demand for e-commerce, growing advancements in intelligent virtual assistant technology, and increased investment in the technology by major tech giants including Google, Amazon, Facebook among others will drive new opportunities for growth for players in the virtual assistant market.
Speech Recognition Remains a Key Application for Promising Opportunities
The intelligent virtual assistant market report is divided into two applications, including speech recognition, and text-to-speech. Among these, the speech recognition application is expected to hold more than 50% share of the market in the near future. speech recognition promises large rewards in adoption in customer service, retail, and telecom. The technology has reached a point where the likes of Google have demonstrated its viability for personal use in making hotel reservations by talking to non-native speakers in English while understanding the complex nuances of the conversations. Among applications, the report will also provide insights into contact centers, websites, chat bots, among various others. Among these, the website segment shows a major promise as it led the market with nearly 70% share in the overall market in 2015. The intelligent virtual assistant market report will also provide insightful information on key end-users including large enterprises, small enterprises, and individuals, among others.
Request For Covid19 Impact Analysis Across Industries And Markets – https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=2544
Intelligent Virtual Assistant Market Analysis, by Technology
Text-to-Speech Recognition
Speech Recognition
Speech Recognition Systems
Speaker Dependent Systems
Discrete Speech Recognition
Continuous Speech Recognition
Speaker Independent Systems
Discrete Speech Recognition
Continuous Speech Recognition
Natural Language Processing (NLP)
Intelligent Virtual Assistant Market Analysis, by Application
Websites
Contact Centers
Messenger Bots
Intelligent Virtual Assistant Market Analysis, by End-user
Individual Users
Small and Medium Enterprises
Large Enterprises
In addition, the report provides cross-sectional analysis of the intelligent virtual assistant market with respect to the following geographical segments:
North America
The U.S.
Canada
Rest of North America
Europe
The U.K.
Germany
France
Spain
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Rest of Asia Pacific
Middle East and Africa (MEA)
The UAE
Saudi Arabia
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Rest of Latin America
Customization of the Report: This report can be customized as per your needs for additional data or countries. – https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=2544
Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Based on a recently released report by Transparency Market Research (TMR), the global intelligent virtual assistant market will drive growth at 32.8% CAGR, reaching a valuation of US$7.9 bn by 2024 from US$627.7 mn in 2015. The adoption of digital technology, from the conventional analogue systems are expected to remain a key driver apart from emerging trend in sophisticated use of technology. The greater adoption of digital mediums across telecom, defence, aviation, manufacturing, healthcare, and retail will drive robust growth for the intelligent virtual assistant market in the near future.
For More Info | Download PDF Brochure, Click Here: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2544
Large Enterprises Promise Key Opportunities for Growth
The high-costs of technological adoption are key concerns for global intelligent virtual assistant market. However, large enterprises, thanks to their large-scale operations benefit significantly in areas like customer service, online authentication, and data management from systems based on the intelligent virtual assistant technologies. These technologies have penetrated operations of large scale enterprises in various areas including customer care, operations, and sales as well. On Social media websites like Facebook, rising number of virtual assistants help people find the clothes of their choice and wear to put on based on their appearances and personal preferences. These automated systems are also rising in demand, as increasing number of tech-savvy young people prefer the privacy and care-free shopping method to purchase clothes of their choice at their own time, and at their own pace, online. The rising demand for e-commerce, growing advancements in intelligent virtual assistant technology, and increased investment in the technology by major tech giants including Google, Amazon, Facebook among others will drive new opportunities for growth for players in the virtual assistant market.
Speech Recognition Remains a Key Application for Promising Opportunities
The intelligent virtual assistant market report is divided into two applications, including speech recognition, and text-to-speech. Among these, the speech recognition application is expected to hold more than 50% share of the market in the near future. speech recognition promises large rewards in adoption in customer service, retail, and telecom. The technology has reached a point where the likes of Google have demonstrated its viability for personal use in making hotel reservations by talking to non-native speakers in English while understanding the complex nuances of the conversations. Among applications, the report will also provide insights into contact centers, websites, chat bots, among various others. Among these, the website segment shows a major promise as it led the market with nearly 70% share in the overall market in 2015. The intelligent virtual assistant market report will also provide insightful information on key end-users including large enterprises, small enterprises, and individuals, among others.
Request For Covid19 Impact Analysis Across Industries And Markets – https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=2544
Intelligent Virtual Assistant Market Analysis, by Technology
Text-to-Speech Recognition
Speech Recognition
Speech Recognition Systems
Speaker Dependent Systems
Discrete Speech Recognition
Continuous Speech Recognition
Speaker Independent Systems
Discrete Speech Recognition
Continuous Speech Recognition
Natural Language Processing (NLP)
Intelligent Virtual Assistant Market Analysis, by Application
Websites
Contact Centers
Messenger Bots
Intelligent Virtual Assistant Market Analysis, by End-user
Individual Users
Small and Medium Enterprises
Large Enterprises
In addition, the report provides cross-sectional analysis of the intelligent virtual assistant market with respect to the following geographical segments:
North America
The U.S.
Canada
Rest of North America
Europe
The U.K.
Germany
France
Spain
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Rest of Asia Pacific
Middle East and Africa (MEA)
The UAE
Saudi Arabia
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Rest of Latin America
Customization of the Report: This report can be customized as per your needs for additional data or countries. – https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=2544
Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
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