Author : Acumen Research and Consulting

The global health intelligent virtual assistant market can be segmented on the basis of type and region. On the basis of type segmentation of the global health intelligent virtual assistant market, further bifurcation can be made into speech recognition and test-to-speech recognition. On the basis of regional segmentation, the global health intelligent virtual assistant market can be divided into North America, Europe, Asia Pacific, Latin America and Middle East and Africa.

The global intelligent virtual assistant market growth is driven by the rising popularity of smartphones and growing penetration of intelligent virtual assistant technology in smartphones. Tasks can be executed with utmost ease, without physical participation by the user thanks to this technology. Factors such as early adoptions of various innovative technologies, continuous technological advancements heavy investments in cloud computing and big data are supplementing the growth of the health intelligent virtual assistant market across the globe. Ease of availability of software assistants and escalating demand for advanced technology in healthcare industry are fueling the market growth. Furthermore, rapid technological advancements in the healthcare apps and growing need for superior disease management are helping the growth of the health intelligent virtual assistant market.

In all, it can be concluded that Increasing penetration of the mobile healthcare technology, advanced features offered by health intelligent virtual assistant, growing adoption of smartphones are some of the fundamental have boosted the growth of the global Health Intelligent Virtual Assistant market. It is expected that the global Health Intelligent Virtual Assistant market will grow at a mind boggling CAGR of 34%, reaching a market size of USD 2 billion by the year 2026.

Here are some more points to help explain about the global Health Intelligent Virtual Assistant market:

• With respect to region based segmentation of this market, it is expected that the Asia Pacific region is likely to expand at highest CAGR due to the rising demand from the emerging economies including India and China.
• On the basis of type segmentation of the market, the speech recognition segment is expected to dominate the market grow at the highest growth rate throughout the forecast period.
• There are many established businesses in this market, some of which are; eGain Corporation, idAvatars, True Image Interactive, Inc., MedRespond, CSS Corporation, Kognito, Microsoft Corporation, Welltok, Inc. And Verint systems.

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