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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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 segment in next few years.
Emerging economies are likely to witness high demand; Asia Pacific is
expected to grow rapidly over the forecast period. Major Industry
participants serve industries like Telecommunication, Travel, finance,
retail, insurance and utilities. Efficient natural language processing
capability and Robust back end knowledge base are quite important for
gaining competitive benefits. Key Firms operating in the industry are
Nuance communications, Next IT Corporation, Anboto Group, and Creative
Virtual Ltd.
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Table Of Content
Chapter 1 Executive Summary
1.1 Intelligent Virtual Assistant - Industry Summary & Critical Success Factors (CSFs)
Chapter 2 Intelligent Virtual Assistant Industry Analysis
2.1 Market Segmentation
2.2 Market Size and Growth Prospects
2.3 Intelligent Virtual Assistant Value Chain Analysis
2.4 Intelligent Virtual Assistant Market Dynamics
2.5 Key Opportunities Prioritized
2.6 Industry Analysis - Porter's
2.7 Intelligent Virtual Assistant - Company Market Share Analysis
2.8 Intelligent Virtual Assistant - PESTEL Analysis
Chapter 3 Intelligent Virtual Assistant End-Use Outlook
3.1 Large Enterprises
3.2 Small and Medium Enterprises (SME)
Browse All Technology Market Research Related Reports @http://www.hexareports.com/category/technology-marketChapter 4 Intelligent Virtual Assistant Regional Outlook
4.1 North America
4.2 Europe
4.3 Asia Pacific
4.4 RoW
Chapter 5 Competitive Landscape
5.1 Next IT Corporation
5.2 Creative Virtual Ltd.
5.3 Nuance Communications
5.4 Anboto Group
5.5 Synthetix Ltd.
5.6 eGain Communications
5.7 CodeBaby Corp.
Browse Full Report @ http://www.hexareports.com/report/intelligent-virtual-assistant-market/detailsAbout Us:
Hexa Reports is a market research and consulting organization, offering
industry reports, custom research and consulting services to a host of
key industries across the globe. We offer comprehensive business
intelligence in the form of industry reports which help our clients
obtain clarity about their business environment and enable them to
undertake strategic growth initiatives.
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