Browse the full
Intelligent Virtual Assistant Market report at:
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
assistants, among which the large enterprises segment has emerged as
the biggest end user of intelligent virtual assistants, owing to its
higher acceptance rate compared to other end user segments.
Asia Pacific to
Report Fastest Development at 33.40% CAGR between 2015 and 2022
The worldwide market for intelligent virtual assistants is spread
across North America, Asia Pacific, Europe, and the Rest of the
World. North America led the global intelligent virtual assistant
market with a share of 39.0% in 2014. The increased application of
virtual assistant solutions in personal computers and smartphones on
account of their enhanced accuracy is the key driver of the
intelligent virtual assistant market in North America.
Browse the Press
Release of Intelligent Virtual Assistant Market at:
The intelligent virtual assistant market in Asia Pacific is likely to
exhibit robust development, owing to increased investment by market
players for technical development. The rising uptake of intelligent
virtual assistant solutions in India, China, Japan, and South Korea
is projected to drive the intelligent virtual assistant market in
Asia Pacific. The regional market is expected to report the fastest
growth, at a CAGR of 33.40% during the period from 2015 to 2022.
The Europe intelligent virtual assistant market is also predicted to
witness significant growth over the next few years. With the rising
penetration of the internet, a huge base of retailers in Europe has
established online systems without any investment in physical
infrastructure, which provides a low-cost solution for faster
delivery of their products.
Companies Relying
on R&D for Business Expansion
The global intelligent virtual assistant market is extremely
fragmented owing to the huge number of regional as well as
international participants. Artificial Solutions Ltd., CodeBaby
Corp., Nuance Communications Inc., Speaktoit Inc., Creative Virtual
Ltd., IntelliResponse Systems Inc., Anboto Group, eGain
Communications Corp., and Next IT Corp. are the major players
operating in the worldwide intelligent virtual assistant market.
Research and development as well as mergers and acquision are the key
trends prevalent in the global market for intelligent virtual
assistants. For instance, Nuance Communication Inc. is working on
developing a business intelligence solution that can help companies
communicate, understand, and support their customers in a better way.
Another giant firm, Next IT Corp., has been engaged in developing new
virtual assistance solutions for a broad array of applications.
Get the Free
Sample Research Report at:
About Us
Transparency Market Research (TMR) is a global market intelligence
company, providing global business information reports and services.
Our exclusive blend of quantitative forecasting and trends analysis
provides forward-looking insight for thousands of decision makers.
TMR’s experienced team of Analysts, Researchers, and Consultants,
use proprietary data sources and various tools and techniques to
gather and analyze information.
Our data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
Contact
Mr. Atil Chaudhari
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email:
sales@transparencymarketresearch.com
No comments:
Post a Comment