Intelligent virtual assistant (IVA) is a unit residing in software that interfaces with users in a human way. The main purpose of an intelligent virtual assistant is to respond to the questions that clients may have. This might be done in a business situation, for instance, on the business site, with a talk interface. The report provides analysis of global Intelligent Virtual Assistant (IVA) market for the period 2016-2026, wherein 2018 to 2026 is the forecast period and 2017 is considered as the base year. According to Acumen Research and Consulting the global intelligent virtual assistant (IVA) market is anticipated to reach around 12 billion by 2026 at substantial CAGR around 38% throughout the forecast period.
Growing adoption of the technology in smartphones, highly developed features provided by intelligent virtual assistant, growing adoption of smartphones and technological advancements has boosted the growth of the global intelligent virtual assistant (IVA) market. Intelligent virtual assistant (IVA) technology permits the customers to execute easy tasks effortlessly without any physical participation of the consumer. Growing IT infrastructure development and continuous technological advancements are fuelling the growth of the global virtual assistant (IVA) market. The technology is rapidly being implemented in enterprise websites, mobile devices and social media which facilitate stable communication with clients. Escalating demand for intelligent virtual assistant technology in various applications including BFSI and healthcare and technological innovations are some of the factors positively influencing the growth of the market. Furthermore, automotive is also expected to show significant growth rate over the forecast period owing to the growing acceptance of intelligent virtual assistant technology. Various technical innovations and advancements in this field are expected to boost the development of the market in coming years. The increasing deployment of intelligent virtual assistant has picked up a quick pace in the retail industry, which is probably going to create promising development openings over the forecast period. Increasing expansion of multi-language platforms and rising need for easy availability of healthcare service in the region is escalating the demand for intelligent virtual assistant (IVA) which further fuelling the growth of the overall market. Moreover, the adoption of various innovative technologies, continuous technological advancements heavy investments in cloud computing and big data is some of the major factors augmenting the market growth.
IVA Market, By Technology
IVA Market, By Service
IVA Market, By End-Use
IVA Market, By Application
Market by Geography
The market research study on “Intelligent Virtual Assistant (IVA) Market Size By Technology (Text-To-Speech, Speech Recognition, Voice Recognition), By Application (Automotive, BFSI, Healthcare, IT & Telecom, Retail, Education), By Service (Marketing Assistant, Customer Service), By End-Use (Large Enterprises, SMBs, Individual Users), By Region - Global Industry Size, Share, Trends and Forecast 2018 - 2026” offers a detailed insights on global Intelligent Virtual Assistant (IVA) market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global Intelligent Virtual Assistant (IVA) market by technology, service application, end-use and major geographic regions. The report also covers basic technology development policies.
The global intelligent virtual assistant (IVA) market is characterized by the presence of experienced and established players. Some of the key players include Apple, Inc., Oracle Corporation, Google LLC, IBM Corporation, Nuance Communications, Microsoft Corporation, Clara Labs, InteliWISE, eGain Communications, Artificial Solutions, 24/7 Customer, Inc., Creative Virtual and Anboto.
Introduction The report provides analysis of global Storage area network (SAN) solutions market for the period 2016-2026, wherein 2018 to 2026 is the forecast period and 2017 is considered as the base year. According to Acumen Research and Consulting, the global storage area network (SAN) solutions market is expected to grow at noteworthy CAGR around 4.5 % throughout the f
Introduction The major trends observed in the CAD software market in recent years have been increased acquisitions by CAD software providers, shifting from licenses to subscriptions and transit from 2D CAD to 3D CAD Software. Software companies acquire specific software solution providers to enhance their products and increase the user base of their products. Design software service providers are also incr
In 2017, the global blockchain distributed ledger technology (DLT) market was approximately 550.40 million. The blockchain is a distributed database of records of all the transactions and payments which are executed by the different parties. The blockchain contains a certain and verifiable record of every single transaction ever made. The blockchain technology is an innovative and
Introduction: The global 3D modeling, 3D visualization, and 3D data capture market size estimated at nearly USD 1.08 billion by 2026. The global 3D modeling, 3D visualization, and 3D data capture market is likely to expand at a CAGR of more than 3.9% from 2018 to 2026. Market Dynamics:
Introduction Software organizations around the globe have been quickly adopting encryption software in order to improve business capability and enhance data security. Encryption based on software is an emerging solution for data security. Encryption software supports to protect the privacy of the information stored in files as well as and data transferring over networks. It encrypts and decrypts data at-re
Increasing automation of the library functions which assistances appropriate informational resources for management. Software development is a key factor which is anticipated to enhancement the development of the market during forecast period which provides well-organized management solutions. Moreover, as the smartphone market is on the increase, mobile applications which are combined through new library system technologies providing