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.

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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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