Published Fri, Mar 4th 2016
Intelligent Virtual Assistant Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2022. Global Intelligent Virtual Assistant Market: Growing Demand from Asia Pacific to Propel Regional Market at 33.4% CAGR
On the basis of technology, the report segments the global intelligent virtual assistant market into speech recognition and text-to-speech. Currently, speech recognition is the most popular technology, as it offers the benefit of intuitive and interactive communication. Innovation in the field of speech recognition technology in smartphones has further boosted the demand for the technology. In terms of end users, the report categorizes the global intelligent virtual assistant market into individual users, small and medium enterprises, and large enterprises. Large enterprises are increasingly adopting intelligent virtual assistants as the preferred solution for their business requirements. As the cost of intelligent virtual assistant software is decreasing, small and medium enterprises are expected to embrace the technology to stay ahead in the market.
The report studies the global intelligent virtual assistant market across five key regions: North America, Europe, Latin America, the Middle East and Africa, and Asia Pacific. In 2014, North America emerged as the largest market for intelligent virtual assistants and accounted for a 39% market share. However, during the forecast horizon, Asia Pacific is anticipated to be the fastest growing region in the market, expanding at a CAGR of 33.4%. The rapid growth of the market in Asia Pacific can be attributed to the increased focus on technological investments and high adoption of mobile devices in the region.
The report profiles some of the key players in the global intelligent virtual assistant market such as Creative Virtual Ltd., Next IT Corporation, IntelliResponse Systems Inc., CodeBaby Corp., Speaktoit Inc., Nuance Communications Inc., Artificial Solutions Ltd., Anboto Group, and eGain Communications Corp. The report further provides insightful information about each of the key market participants.
Global Intelligent Virtual Assistant Market has been segmented as:
Global Intelligent Virtual Assistant Market, by Technology
Global Intelligent Virtual Assistant Market, by End-Users
Global Intelligent Virtual Assistant Market, by Geography:
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