Intelligent Virtual Assistant Market – Global Industry Analysis and Forecast (2022–2029)


Intelligent Virtual Assistant Market was valued at USD 9.22 Bn. in 2021 and it is expected to reach USD 126.6 Bn. by 2029 at a CAGR of 38.75% during the forecast period.

Increasing Adoption of Chatbots Because of the Availability of Low-Cost Software Modules for Chatbot Design, Demand for Automation in Customer Service, Integration of Speaker-Based Virtual Assistants and Smart Home Appliances is Driving the Market of Smart Speakers increases the market competition and have resulted in betterment of Global Intelligent Virtual Assistant Market and Lack of Accuracy in Chatbot, System Integration Complexities then Add to the Cost of Smart Speakers will count down the Global Intelligent Virtual Assistant Market.Global Intelligent Virtual Assistant MarketTo know about the Research Methodology:-Request Free Sample Report

The report study has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.

Global Intelligent Virtual Assistant Market is segmented by Product, by Type, by User Interface, Industry and geography. A product of Intelligent Virtual Assistance is sub-segmented into Chatbots, IVA Smart Speaker. An IVA Smart Speaker is estimated to grow the largest market in forecasting period. This is due to the large adoption of home automation systems. The Type of Intelligent Virtual Assistant market is of Rule based, Conversational AI based.

Conversational AI based Intelligent Virtual Assistance has the largest share market in the year 2021. User Interface of Global Intelligent Virtual Assistant Market is commonly packaging devices of Text Based, Text-To-Speech, Automatic Speech Recognition (ASR) and other. Here, Automatic Speech Recognition (ASR) is estimated to have the largest market in forecasting period. Many often Global Intelligent Virtual Assistant Market is used in Automatic Speech Recognition (ASR) increased due to the deployment of smart speakers. Last, Consumer Electronics, BFSI, Government, Retail, Utilities, Healthcare, Education, Travel, Hospitality and Others are all sub-segment of Industries sector. Thus, among this Consumer Electronics segment is estimated to have the largest market in the forecasting period. Thus this growth is attributed to increased efficiency. The Intelligent Virtual Assistance market on the basis of regions is segmented by North America, Europe, Asia-Pacific, Middle East & Africa and Latin America.

The years that have been considered for the study are:

• Base year – 2021
• Estimated year – 2029
• Forecast period – 2022 to 2029

Intelligent Virtual Assistant Market, Key Highlights:

• Assessment of market definition along with the identification of key players and analysis of their strategies to determine the competitive outlook of the market, opportunities, drivers, restraints and challenges for Global Intelligent Virtual Assistant Market during the forecast period
• Complete quantitative analysis of the industry from 2017 to 2029 to enable the stakeholders to capitalize on the prevailing market opportunities
• In-depth analysis of the industry on the basis of market segments, market dynamics, market size, competition & companies involved value chain
• Global Intelligent Virtual Assistant Market analysis and comprehensive segmentation with respect to the Product, Type, User Interface, Industry and geography to assist in strategic business planning
• Global Intelligent Virtual Assistant Markett analysis and forecast for five major geographies North America, Europe, Asia pacific, Middle East & Africa, Latin America and their key regions

Intelligent Virtual Assistant Market, Research Methodology:

Global Intelligent Virtual Assistant Market is estimated by analyzing the data points obtained from various sources and conducting them into a predictor model created specifically for each individual market. The data points are extracted from paid and unpaid sources along with paid primary interviews with key opinion leaders in the market. Key opinion leaders from both demand and supply sides of the market were considered while conducting interviews to get the unbiased idea of the Global Intelligent Virtual Assistance Market. This exercise was done at the country level to get the fair idea of the market in countries considered for this analysis. This country-specific analysis was accumulated to establish regional numbers and then arrive at the global market value for Global Intelligent Virtual Assistance Market.

The objective of the report is to present comprehensive Global Intelligent Virtual Assistant Market  including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with analysis of complicated data in simple language.

The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.

The report also helps in understanding Global Intelligent Virtual Assistant Market  North America for Asia Pacific dynamics, structure by analyzing the market segments, and project the Global Intelligent Virtual Assistant Market  North America for Asia Pacific   size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Intelligent Virtual Assistant Market  North America for Asia Pacific make the report investor’s guide.

Key target audience:

• Research and Consulting Firms as well as Venture capitalists, private equity firms, and startup companies
• IVA module designers and manufacturers
• Associations, forums, and alliances related to intelligent virtual assistant
• Investors
• Start-up companies
• Raw material suppliers
• Market research and consulting firms
• Government and regulatory authorities

Research report categorizes the Global Intelligent Virtual Assistance Market based on Product, Type, User Interface, Industry and geography (region wise). Market size by value is estimated and forecasted with the revenues of leading companies operating in the Global Intelligent Virtual Assistance Market with key developments in companies and market trends.

 Intelligent Virtual Assistant Market Scope: Inquire before buying






Global Intelligent Virtual Assistant Market




Report Coverage
Details




Base Year:
2021
Forecast Period:
2022-2029




Historical Data:
2017 to 2021
Market Size in 2021:
US$ 9.22 Bn.




Forecast Period 2022 to 2029 CAGR:
38.75%
Market Size in 2029:
US$ 126.64 Bn.




 Segments Covered:
by Product
• Chatbots
• IVA Smart Speakers




by Type
• Rule-based
• Conversational AI based




by User Interface
• Text Based
• Text-To-Speech
• Automatic Speech Recognition (ASR)
• Others




by Industry
•Consumer Electronics
• BFSI
• Government
• Retail
• Utilities
• Healthcare
• Education
• Travel and Hospitality
• Others






Intelligent Virtual Assistant Market, by Region

• North America
• Asia-pacific
• Europe
• South America
• Middle East and Africa

Intelligent Virtual Assistant Market Key Players are:

• Microsoft
• Samsung Electronics
• Apple
• International Business Machines (IBM)
• Nuance Communications
• Alphabet
• Invent Technologies
• Amazon
• Facebook
• Blackberry
• Baidu
• Artificial Solutions
• Cognitive Code
• Unified Computer Intelligence
• Mycroft Ai
• Next IT Corporation
• IntelliResponse Systems, Inc.
• CodeBaby Corporation
• Creative Virtual Ltd.
• Speaktoit, Inc.
• eGain Corporation
• CX Company
• Anboto Group

Frequently Asked Questions:

1. Which region has the largest share in Intelligent Virtual Assistant Market?
Ans: North America region held the highest share in 2021.

2. What is the growth rate of Intelligent Virtual Assistant Market?
Ans: The Intelligent Virtual Assistant Market is growing at a CAGR of 38.75% during forecasting period 2022-2029.

3. What is scope of the Global Intelligent Virtual Assistant market report?
Ans: Global Intelligent Virtual Assistant market report helps with the PESTEL, PORTER, COVID-19 impact analysis, recommendations for investors and leaders, and market estimation of the forecast period.

4. Who are the key players in Intelligent Virtual Assistant market?
Ans: The important key players in the Intelligent Virtual Assistant Market are - Microsoft, Samsung Electronics, Apple, International Business Machines (IBM), Nuance Communications, Alphabet, Invent Technologies, Amazon, Facebook, Blackberry, Baidu, Artificial Solutions, Cognitive Code, Unified Computer Intelligence, Mycroft Ai, Next IT Corporation, IntelliResponse Systems, Inc., CodeBaby Corporation, Creative Virtual Ltd., Speaktoit, Inc., eGain Corporation, CX Company, and Anboto Group.

5. What is the study period of this market?
Ans: The Intelligent Virtual Assistant Market is studied from 2021 to 2029. 





Global Intelligent Virtual Assistant Market

1. EXECUTIVE SUMMARY

2. RESEARCH METHODOLOGY
2.1. Market Definition
2.2. Market Scope
2.3. Data Sources

3. MARKET DYNAMICS
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities

4. END-USER OVERVIEW
4.1. Value Chain Analysis
4.2 Key Trends in Global Intelligent Virtual Assistant Market

5. GLOBAL INTELLIGENT VIRTUAL ASSISTANCE MARKET BY TECHNOLOGIES
5.1. Introduction
5.2. Intelligent Virtual Assistance Chatbots
5.2.1. Market share of Chatbots
5.2.2. Forecast and size of Chatbots
5.3. Intelligent Virtual Assistance IVA Smart Speakers
5.3.1. Market share of IVA Smart Speakers
5.3.2. Forecast and size of IVA Smart Speakers

6. GLOBAL INTELLIGENT VIRTUAL ASSISTANCE MARKET BY TYPE
6.1. Rule based Intelligent Virtual Assistance
6.1.1. Introduction
6.1.2. Global market share
6.1.3. Users
6.2. Conversational AI based Intelligent Virtual Assistance
6.2.1. Introduction
6.2.2. Global market share
6.2.3. Users

7. GLOBAL INTELLIGENT VIRTUAL ASSISTANCE MARKET BY USER INTERFACE
7.1. Text Based Intelligent Virtual Assistance
7.1.1. Introduction
7.1.2. Global market share
7.1.3. Users
7.2. Text-To-Speech Intelligent Virtual Assistance
7.2.1. Introduction
7.2.2. Global market share
7.2.3. Users
7.3. Automatic Speech Recognition (ASR) Intelligent Virtual Assistance
7.3.1. Introduction
7.3.2. Global market share
7.3.3. Users
7.4. Others
7.4.1. Introduction
7.4.2. Global market share
7.4.3. Users

8. INTELLIGENT VIRTUAL ASSISTANCE MARKET BY INDUSTRY
8.1. Consumer Electronics
8.1.1. Global market share
8.1.2. Key revenue makers
8.1.3. Forecast and size in 2027
8.2. BFSI
8.2.1. Global market share
8.2.2. Key revenue makers
8.2.3. Forecast and size in 2027
8.3. Government
8.3.1. Global market share
8.3.2. Key revenue makers
8.3.3. Forecast and size in 2027
8.4. Retail
8.4.1. Global market share
8.4.2. Key revenue makers
8.4.3. Forecast and size in 2027
8.5. Utilities
8.5.1. Global market share
8.5.2. Key revenue makers
8.5.3. Forecast and size in 2027
8.6. Healthcare
8.6.1. Global market share
8.6.2. Key revenue makers
8.6.3. Forecast and size in 2027
8.7. Education
8.7.1. Global market share
8.7.2. Key revenue makers
8.7.3. Forecast and size in 2027
8.8. Travel and Hospitality
8.8.1. Global market share
8.8.2. Key revenue makers
8.8.3. Forecast and size in 2027
8.9. Others
8.9.1. Global market share
8.9.2. Key revenue makers
8.9.3. Forecast and size in 2027

9. GLOBAL INTELLIGENT VIRTUAL ASSISTANCE MARKET BY REGION
9.1. North America Intelligent Virtual Assistance Market
9.1.1. North America Intelligent Virtual Assistance Market, By Product Type
9.1.2. North America Intelligent Virtual Assistance Market, By Type
9.1.3. North America Intelligent Virtual Assistance Market, By User Interface
9.1.4. North America Intelligent Virtual Assistance Market, By Industry
9.1.5. North America Intelligent Virtual Assistance Market, by Region
9.1.5.1. U.S. Intelligent Virtual Assistance Market
9.1.5.2. Canada Intelligent Virtual Assistance Market
9.1.5.3. Mexico Intelligent Virtual Assistance Market
9.1.6. North America Intelligent Virtual Assistance Market, Key Trends
9.2. Europe Intelligent Virtual Assistance Market
9.2.1. Europe Intelligent Virtual Assistance Market, by Product
9.2.2. Europe Intelligent Virtual Assistance Market, by Type
9.2.3. Europe Intelligent Virtual Assistance Market, By User Interface
9.2.4. Europe Intelligent Virtual Assistance Market, By Industry
9.2.5. Europe Global Intelligent Virtual Assistance Market, by Region
9.2.5.1. France Intelligent Virtual Assistance Market
9.2.5.2. Germany Intelligent Virtual Assistance Market
9.2.5.3. U.K. Intelligent Virtual Assistance Market
9.2.5.4. Italy Intelligent Virtual Assistance Market
9.2.5.5. Spain Intelligent Virtual Assistance Market
9.2.5.6. Rest of Europe Intelligent Virtual Assistance Market
9.2.6. Europe Intelligent Virtual Assistance Market, Key Trends
9.3. Asia Pacific Intelligent Virtual Assistance Market
9.3.1. Asia-Pacific Intelligent Virtual Assistance Market, by Product
9.3.2. Asia-Pacific Intelligent Virtual Assistance Market, by Type
9.3.3. Asia-Pacific Intelligent Virtual Assistance Market, By User Interface
9.3.4. Asia-Pacific Intelligent Virtual Assistance Market, By Industry
9.3.5. Asia-Pacific Intelligent Virtual Assistance Market, by Region
9.3.5.1. China Intelligent Virtual Assistance Market
9.3.5.2. Japan Intelligent Virtual Assistance Market
9.3.5.3. India Intelligent Virtual Assistance Market
9.3.5.4. South Korea Intelligent Virtual Assistance Market
9.3.5.5. Rest of Asia Pacific Intelligent Virtual Assistance Market
9.3.6. Asia-Pacific Intelligent Virtual Assistance Market, Key Trends
9.4. Middle East & Africa Intelligent Virtual Assistance Market
9.4.1. Middle East & Africa Intelligent Virtual Assistance Market, by Product
9.4.2. Middle East & Africa Intelligent Virtual Assistance Market, by Type
9.4.3. Middle East & Africa Intelligent Virtual Assistance Market, By User Interface
9.4.4. Middle East & Africa Intelligent Virtual Assistance Market, By Industry
9.4.5. Middle East & Africa Intelligent Virtual Assistance Market, by Region
9.4.5.1. South Africa Intelligent Virtual Assistance Market
9.4.5.2. Rest of Middle East and Africa Intelligent Virtual Assistance Market
9.4.6. Middle East & Africa Intelligent Virtual Assistance Market, Key Trends
9.5. Latin America Intelligent Virtual Assistance Market
9.5.1. Latin America Intelligent Virtual Assistance Market, by Product
9.5.2. Latin America Intelligent Virtual Assistance Market, by Type
9.5.3. Latin America Intelligent Virtual Assistance Market, By User Interface
9.5.4. Latin America Intelligent Virtual Assistance Market, By Industry
9.5.5. Latin America Intelligent Virtual Assistance Market, by Region
9.5.5.1. Brazil Intelligent Virtual Assistance Market
9.5.5.2. Rest of Latin America Intelligent Virtual Assistance Market
9.5.6. Latin America Intelligent Virtual Assistance Market, Key Trends

10. GLOBAL KEY PLAYERS IN THE INTELLIGENT VIRTUAL ASSISTANCE MARKET
10.1. Microsoft
10.1.1. Overview
10.1.2. Product/Industry
10.1.3. Strategy
10.1.4. Key development
10.2. Samsung Electronics
10.2.1. Overview
10.2.2. Product/Industry
10.2.3. Strategy
10.2.4. Key development
10.3. Apple
10.3.1. Overview
10.3.2. Product/Industry
10.3.3. Strategy
10.3.4. Key development
10.4. International Business Machines (IBM)
10.4.1. Overview
10.4.2. Product/Industry
10.4.3. Strategy
10.4.4. Key development
10.5. Nuance Communications
10.5.1. Overview
10.5.2. Product/Industry
10.5.3. Strategy
10.5.4. Key development
10.6. Alphabet
10.6.1. Overview
10.6.2. Product/Industry
10.6.3. Strategy
10.6.4. Key development
10.7. Inbenta Technologies
10.7.1. Overview
10.7.2. Product/Industry
10.7.3. Strategy
10.7.4. Key development
10.8. Amazon
10.8.1. Overview
10.8.2. Product/Industry
10.8.3. Strategy
10.8.4. Key development
10.9. Facebook
10.9.1. Overview
10.9.2. Product/Industry
10.9.3. Strategy
10.9.4. Key development
10.10. Blackberry
10.10.1. Overview
10.10.2. Product/Industry
10.10.3. Strategy
10.10.4. Key development
10.11. Baidu.
10.11.1. Overview
10.11.2. Product/Industry
10.11.3. Strategy
10.11.4. Key development
10.12. Artificial Solutions
10.12.1. Overview
10.12.2. Product/Industry
10.12.3. Strategy
10.12.4. Key development
10.13. Cognitive Code
10.13.1. Overview
10.13.2. Product/Industry
10.13.3. Strategy
10.13.4. Key development
10.14. Unified Computer Intelligence
10.14.1. Overview
10.14.2. Product/Industry
10.14.3. Strategy
10.14.4. Key development
10.15. Mycroft Ai
10.15.1. Overview
10.15.2. Product/Industry
10.15.3. Strategy
10.15.4. Key development
10.16. Next IT Corporation
10.16.1. Overview
10.16.2. Product/Industry
10.16.3. Strategy
10.16.4. Key development
10.17. IntelliResponse Systems, Inc.
10.17.1. Overview
10.17.2. Product/Industry
10.17.3. Strategy
10.17.4. Key development
10.18. CodeBaby Corporation
10.18.1. Overview
10.18.2. Product/Industry
10.18.3. Strategy
10.18.4. Key development
10.19. Creative Virtual Ltd.
10.19.1. Overview
10.19.2. Product/Industry
10.19.3. Strategy
10.19.4. Key development
10.20. Speaktoit, Inc.
10.20.1. Overview
10.20.2. Product/Industry
10.20.3. Strategy
10.20.4. Key development
10.21. eGain Corporation
10.21.1. Overview
10.21.2. Product/Industry
10.21.3. Strategy
10.21.4. Key development
10.22. CX Company
10.22.1. Overview
10.22.2. Product/Industry
10.22.3. Strategy
10.22.4. Key development
10.23. Anboto Group
10.23.1. Overview
10.23.2. Product/Industry
10.23.3. Strategy
10.23.4. Key development

11. Intelligent Virtual Assistance market Share Analysis
11.1.1. Intelligent Virtual Assistance market Share Analysis by Product 2021
11.1.2. Intelligent Virtual Assistance market Share Analysis by Type 2021
11.1.3. Intelligent Virtual Assistance market Share Analysis by User Interface 2021
11.1.4. Intelligent Virtual Assistance market Share Analysis by Industry 2021
11.1.5. Intelligent Virtual Assistance market Share Analysis by Key Players 2021
11.2. Competitive Benchmarking of Key Players Product, Type, User Interface, Industry and Geographical Presence by 2021
11.3. Comparative Analysis of Intelligent Virtual Assistance market by Geographies by 2021
11.4. Mergers and Acquisitions in the Industry through 2021-2027
11.4.1. Strategic alliances by geographies, Product, sales
11.4.2. Summary of Industry Consolidation

12. CONCLUSION
  • INQUIRE BEFORE BUYING