Stratview Research has published a new report titled ‘Intelligent Virtual Assistant Market’ to its database. It has segmented the market By Product (Chatbot, Smart Speakers), By Technology (Automatic Speech Recognition, Text to Speech, Text-based), By End-Use (BFSI, Consumer Electronics, Automotive, Healthcare, Education, Retail, IT Telecom, Travel Hospitality, Others) and by Region (North America [The USA, Canada, and Mexico], Europe, and Rest of the World [Brazil, Saudi Arabia, and Others]).

Market Segments' Analysis

The market researchers have studied the Intelligent Virtual Assistant Market minutely for better understanding. The report consists of segment-wise details to assist the users in making suitable decisions for better growth opportunities. Below is the short piece of information -

Based on product, the intelligent virtual assistant market has been bifurcated into chatbot and smart speakers. Under these, the chatbot segment held a significant market share in 2020. Chatbot has widespread adoption in the BFSI, retail, and educational sectors. They enable to access the required information and facilitate the end-users with ease of operation, thereby boosts the segment growth.

Key Players of the market:

• Avaamo Inc. (US)
• EdgeVerve Systems Limited (An Infosys Company) (India)
• SMOOCH.ai (Canada)
• Inbenta Technologies Inc. (US)
• Creative Virtual Ltd (UK)
• Serviceaide Inc. (US)
• Ipsoft Inc. (US)

In terms of region, the North America market held the highest market share of more than 42% in 2020 and is projected to grow at a healthy CAGR in the coming years. The changing BYOD trends have resulted in an emergence of working remotely. Working remotely offers flexibility to the employees and enables the usage of a virtual assistant to speed up the work allotted, further bolsters the regional market growth during the review period.

Highlights of the report:

The report also highlights the following segments -

• The market structure and forecasts for the coming years.
• Drivers, restraints, opportunities, and current trends of Intelligent Virtual Assistant Market.
• Historical data and forecast.
• Estimations for the forecast period 2028.
• Developments and trends in the market.

Our market research experts have studied the INTELLIGENT VIRTUAL ASSISTANT Market in 360 degrees via. both primary secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-chain, pricing trends, product preferences, consumer patterns more. The findings are further validated through primary research with industry experts across the globe.

Reasons to Invest in this Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period.
• Segments include quantitative, qualitative, and value data.
• Regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.

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