Intelligent Virtual Assistant Market

Transparency Market

Research

Intelligent Virtual Assistant Market- Global Industry

Analysis, Size, Share, Growth, Trends and Forecast

2015 – 2022

Published Date

2015-09-07

73 Page Report

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Intelligent Virtual Assistant Market Expected to reach US$ 5.1 Bn

by 2022,Globally

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Intelligent Virtual Assistant

Market

REPORT DESCRIPTION

Intelligent Virtual Assistant Market- Global Industry Analysis, Size, Share,

Growth, Trends and Forecast 2015 – 2022

The increase in data explosion has created a huge demand for intelligent virtual assistants across

the world. The rising focus of enterprises on enhancing customer relationships is presenting

ample opportunities for participants operating in the global intelligent virtual assistant market. In

2014, the global market stood at US$579.7 mn. Supported by the expansion of the application

areas of intelligent virtual assistants, analyst expect the market for the latter to develop at a

CAGR of 31.80% during the period of 2015-2022 and reach a value of US$5.1 bn by the end of

2022.

Browse the full Intelligent Virtual Assistant Market report at:

http://www.transparencymarketresearch.com/intelligent-virtual-assistantindustry.html

Speech Recognition Market Leads Global Industry, Large Enterprises Biggest End User

Text-to-speech and speech recognition are the two main technologies utilized in intelligent virtual

assistants. Among these, the market for speech recognition dominates the global intelligent

virtual assistant market. The unique features that speech recognition technology provides, such

as interactive and intuitive communication, are the key reason for the growth of this market

segment.

Small and medium enterprises (SMEs), large enterprises, and individual users are the major end

users of intelligent virtual...