Intelligent Virtual Assistant Market Analysis, Market Share, Key Trends, Vendor Strategies, Regional Outlook and Forecasts, 2015 to 2022

Hexa Reports

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Intelligent Virtual Assistant Market Analysis, Market Share,

Key Trends, Vendor Strategies, Regional Outlook And

Forecasts, 2015 To 2022

North America Intelligent Virtual assistant functions artificial intelligence for providing automated

assistance to user, it could also be in a form of 2D static character images or fully animated avatar.

Digital humanlike avatar are customizable, many players in this industry offers services to change its

appearance according to the user’s preference. According to the Research study by Hexa Research, The

market for Intelligent Virtual assistant is likely to reach around USD 3,070 million by 2020.Growing focus

of resourceful consumer interaction facilitated by virtual assistants is likely to drive the market in

upcoming years.

Two major types of technologies used are Speech recognition technology and text to speech technology

.Speech recognition provides feature for intuitive and interactive communication, is known as one of the

most popular technology. In 2012, Major driving market for Intelligent Virtual Assistant was dominant

consumers which contributed for around 80% of the global market. Markets forecast for small and

medium companies are expected to be positive, with adoption rates that are expected to increase

considerably in next few years.

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Hexa Reports

Market Research Reports and Insightful Company Profiles

The market of Intelligent Virtual Assistant market is likely to grow at CAGR around 30% till 2020.Big

companies are anticipated to continue for majority market share, driven by increasing focus on

customer satisfaction. For ensuring the user engagement and offering real –time, for revenue

generation, personalized support is crucial.

In 2012, North America contributed for over 40% of the market globally, is likely to remain the major...