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
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Market Synopsis of Intelligent Virtual Assistant Market
Intelligent virtual assistant is a next generation technology or 3D animated persona which
delivers the voice based or text based information via mobile phones, tablets, PCs or kiosk.
Intelligent virtual assistant can respond to emails, schedule meetings, and remind you about
upcoming tasks and so on. With the development in the technology, intelligent virtual assistant
market is seeing a tremendous opportunities in the upcoming years. Currently, intelligent virtual
assistant market has been valued at US $XX billion which is expected to reach market size of
US $XX billion by the end of forecasted period with the CAGR of XX%.
Segmentation by Technology: Text-to-speech and Speech recognition.
Segmentation by Application Vertical: BFSI, Healthcare, Automotive, E-Commerce, Aerospace,
IT among others.
Segmentation by End User: Individual, small & medium enterprises and large enterprises.
Segmentation by Region: North America, Europe, Asia-Pacific & RoW.
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Study Objective of Intelligent Virtual Assistant Market
To provide detailed analysis of the market structure along with forecast of the various
segments and sub-segments of the Global Intelligent Virtual Assistant Market
To provide insights about factors affecting the market growth
To analyze the Intelligent Virtual Assistant market based on various factors- price analysis,
supply chain analysis, porter’s five force analysis etc.
To provide historical and forecast revenue of the market segments and sub-segments with
respect to four main geographies and their countries- North America, Europe, Asia, and
Rest of the World (ROW)
To provide country level analysis of the market with respect to the current market size and
To provide country level analysis of the market for segment by technology, by application
verticals, by end user and sub-segments.
To provide strategic profiling of key players in the market, comprehensively analyzing their
core competencies, and drawing a competitive landscape for the market
To track and analyze competitive developments such as joint ventures, strategic alliances,
mergers and acquisitions, new product developments, and research and developments in
the Global Intelligent Virtual Assistant Market
The prominent players in the market of intelligent virtual assistant market are-
Nuance Communications (U.S.),
CX Company (Netherlands),
Creative Virtual (U.K.),
Next IT (U.S.) among others.
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· In May 2016, Google unveils its Google Assistant, a new intelligent virtual assistant that can
help in daily routine.
· In April 2016, Nuance Communications announced that Nina virtual assistant helping
Swedbank customers like a human.
North America is dominating the market of intelligent virtual assistant with the market share of
XX%. Technological advancement in North American countries is some key drivers for this
market. Europe stands as second biggest market for IPA with the market share of XX%. The
market size of IPA in Europe region has been valued at US $XX billion in the year 2015. Asia-
Pacific has emerged as fastest growing market where APAC has witnessed CAGR of XX%
which is very high. It is expected that APAC will dominate the market of intelligent virtual
assistant by the end of forecasted period.
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The report for Global Intelligent Virtual Assistant Market of Market Research Future
comprises of extensive primary research along with the detailed analysis of qualitative as well
as quantitative aspects by various industry experts, key opinion leaders to gain the deeper
insight of the market and industry performance. The report gives the clear picture of current
market scenario which includes historical and projected market size in terms of value and
volume, technological advancement, macro economical and governing factors in the market.
The report provides details information and strategies of the top key players in the industry. The
report also gives a broad study of the different market segments and regions.
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