Intelligent Virtual Assistant Market By Technology (Speech Recognition, Text-to-speech), By Industry Verticals (Automotive, Cement, Healthcare, BFSI, Retail/e-commerce), Industry trends, Estimation & Forecast, 2016 - 2024

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Intelligent Virtual Assistant Market was valued at $1.1 billion in 2016 and is projected to reach $11.9 billion by 2024, having a CAGR of 34.8 % during the forecasted period of 2017 to 2024.
  • IVA or Intelligent Virtual Assistant is an engineered object existing in software that interfaces with humans in a human manner. This technology integrates features of interactive voice response and advanced artificial intelligence, in order to provide a complete virtual identity which can actually converse with the user. It is an advanced software application that facilitates the human interaction with the computer through the means various platforms such as, internet, SMS, and messengers. These systems utilize a predefined set of methods to communicate with the end user such as text-to-text, text-to-speech, speech-to-text, and speech-to-speech. An intelligent virtual assistant helps a lot in saving the time which is usually vanished in searching the required information from internet sources. IVA is equipped with some of the most helpful features such as rapid rigid training process and constant & unified support to the customers. The Global Intelligent Virtual Assistant market has witnessed a rapid and appreciable growth in the near past and is anticipated to exhibit the same growth pattern in the near future.

    Market Dynamics

    Beyond the core utilities of intelligent virtual assistant systems, the major companies are now emphasizing on the exploration of enhancing them functionally. it further Cost effective solutions for organizational problems is one of the prime factor boosting the global intelligent virtual assistant market. Customer experience plays an important role in the growth of the business, integration of IVA with business functions helps to improve customer experience and ultimately boosts the business growth and fuel the global IVM market. In addition, the reduced manpower owing to an intelligent assortment of huge organizational data is also a market driver for global IVA market. For instance, Apple’s Siri and Microsoft’s Cortana, are delivered with these companies’ operating systems and mobile platforms. However, a serius lack of lack skilled resources might hamper the growth of IVA market restraining the market. On the other hand, a surging demand for IVA to be used in websites and mobile applications will bring future growth platform for the very market in the upcoming years. Moreover, digital experiences enabled by virtual assistants are considered to be among the major recent technological advances and most encouraging consumer trends

    As per the Association of American Medical Colleges, the U.S. is expected to witness a shortfall of 91,500 doctors by 2020. This in turn is expected to pave the way for intelligent virtual assistants in the healthcare sector. In 2016, Speech recognition technology segment held the largest share of the global IVA market.

    Intelligent Virtual Assistant Market , By Industry Verticals 2016 vs. 2024

    Intelligent Virtual Assistance Market Segmentation

    By Technology
    • Speech Recognition
    • Text-to-speech

    By Industry Verticals
    • Automotive
    • Healthcare
    • BFSI
    • Retail/e-commerce
    • Others

    By Geography 
    • North America
    • Europe
    • APAC
    • RoW

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  • CHAPTER 1. INTRODUCTION

    1.1. RESEARCH METHODOLOGY
    1.1.1. ERC desk research
    1.1.2. ERC data synthesis
    1.1.3. Data validation and market feedback
    1.1.4. ERC data sources
    1.2. RESEARCH SCOPE

    CHAPTER 2. MARKET OVERVIEW

    2.1. RESEARCH SUMMARY
    2.2. VALUE CHAIN ANALYSIS
    2.3. FIVE FORCES ANALYSIS
    2.4. MARKET PLAYER POSITIONING
    2.5. DEMAND FORECAST
    2.6. BUSINESS INTELLIGENCE & STRATEGIC ANALYSIS
    2.7. MARKET DETERMINANTS

    2.7.1. DRIVERS
    2.7.1.1. Cost effective solutions
    2.7.1.2. Improved customer experience
    2.7.1.3. Massive amounts of organization data
    2.7.2. RESTRAINTS
    2.7.2.1. Lack of skilled resources
    2.7.3. OPPORTUNITIES
    2.7.3.1. Rising demand for websites and mobile applications.

    CHAPTER 3. GLOBAL INTELLIGENT VIRTUAL ASSISTANT MARKET BY TECHNOLOGY,2016-2024

    3.1. SEGMENT OUTLINE
    3.2. GLOBAL INTELLIGENT VIRTUAL ASSISTANT MARKET REVENUE BY TECHNOLOGY,2016-2024
    3.3. SPEECH RECOGNITION
    3.3.1. Trend analysis
    3.3.2. Market growth analysis
    3.3.3. Global speech recognition market revenue by region,2016-2024
    3.4. TEXT-TO-SPEECH
    3.4.1. Trend analysis
    3.4.2. Market growth analysis
    3.4.3. Global text-to-speech market revenue by region,2016-2024

    CHAPTER 4. GLOBAL INTELLIGENT VIRTUAL ASSISTANT MARKET BY VERTICAL,2016-2024

    4.1. SEGMENT OUTLINE
    4.2. GLOBAL INTELLIGENT VIRTUAL ASSISTANT MARKET REVENUE BY VERTICAL,2016-2024
    4.3. AUTOMOTIVE
    4.3.1. Trend analysis
    4.3.2. Market growth analysis
    4.3.3. Global automotive market revenue by region,2016-2024
    4.4. HEALTHCARE
    4.4.1. Trend analysis
    4.4.2. Market growth analysis
    4.4.3. Global healthcare market revenue by region,2016-2024
    4.5. BFSI
    4.5.1. Trend analysis
    4.5.2. Market growth analysis
    4.5.3. Global bfsi market revenue by region,2016-2024
    4.6. RETAIL (E-COMMERCE)
    4.6.1. Trend analysis
    4.6.2. Market growth analysis
    4.6.3. Global retail (e-commerce) market revenue by region,2016-2024
    4.7. OTHERS
    4.7.1. Trend analysis
    4.7.2. Market growth analysis
    4.7.3. Global others intelligent virtual assistant market revenue,2016-2024

    CHAPTER 5. GLOBAL INTELLIGENT VIRTUAL ASSISTANT MARKET REVENUE BY GEOGRAPHY, 2016-2024

    5.1. SEGMENT OUTLINE
    5.2. GLOBAL INTELLIGENT VIRTUAL ASSISTANT MARKET REVENUE BY GEOGRAPHY,2016-2024
    5.3. NORTH AMERICA
    5.3.1. Trend analysis
    5.3.2. Market growth analysis
    5.3.3. North America intelligent virtual assistant market revenue by technology,2016-2024
    5.3.4. North America intelligent virtual assistant market revenue by vertical,2016-2024($million)
    5.4. EUROPE
    5.4.1. Trend analysis
    5.4.2. Market growth analysis
    5.4.3. Europe intelligent virtual assistant market revenue by technology,2016-2024
    5.4.4. Europe intelligent virtual assistant market revenue by vertical,2016-2024
    5.5. ASIA-PACIFIC
    5.5.1. Trend analysis
    5.5.2. Market growth analysis
    5.5.3. Asia-Pacific intelligent virtual assistant market revenue by technology,2016-2024
    5.5.4. Asia-Pacific intelligent virtual assistant market revenue by vertical,2016-2024
    5.6. LATIN AMERICA MIDDLE EAST AND AFRICA (LAMEA)
    5.6.1. Trend analysis
    5.6.2. Market growth analysis
    5.6.3. Lamea intelligent virtual assistant market revenue by technology,2016-2024

    CHAPTER 6. COMPANY PROFILES

    6.1. SPEAKTOIT INC
    6.1.1. Company overview
    6.1.2. Company snapshot
    6.1.3. Business overview
    6.1.4. Strategic attempts
    6.2. CODEBABYCORPORATION
    6.2.1. Company overview
    6.2.2. Company snapshot
    6.2.3. Business overview
    6.2.4. Strategic attempts
    6.3. ARTIFICIAL SOLUTIONS LTSD.
    6.3.1. Company overview
    6.3.2. Company snapshot
    6.3.3. Business overview
    6.3.4. Strategic attempts
    6.4. ANBOTO GROUP
    6.4.1. Company overview
    6.4.2. Company snapshot
    6.4.3. Business overview
    6.4.4. Strategic attempts
    6.5. INTELLIRESPONSE SYSTEM INC.
    6.5.1. Company overview
    6.5.2. Company snapshot
    6.5.3. Business overview
    6.5.4. Strategic attempts
    6.6. NEXT IT CORPORATION
    6.6.1. Company overview
    6.6.2. Company snapshot
    6.6.3. Business overview
    6.6.4. Strategic attempts
    6.7. CREATIVE VIRTUAL LTD.
    6.7.1. Company overview
    6.7.2. Company snapshot
    6.7.3. Business overview
    6.7.4. Strategic attempts
    6.8. CX COMPANY
    6.8.1. Company overview
    6.8.2. Company snapshot
    6.8.3. Business overview
    6.8.4. Strategic attempts
    6.9. NUANCE COMMUNICATIONS INC
    6.9.1. Company overview
    6.9.2. Company snapshot
    6.9.3. Business overview
    6.9.4. Strategic attempts
    6.10. EGAIN CORPORATION
    6.10.1. Company overview
    6.10.2. Company snapshot
    6.10.3. Business overview
    6.10.4. Strategic attempts

    LIST OF TABLES

    TABLE NO 1. GLOBAL INTELLIGENT VIRTUAL ASSISTANT MARKET REVENUE BY TECHNOLOGY,2016-2024($MILLION)
    TABLE NO 2. GLOBAL SPEECH RECOGNITION MARKET REVENUE BY REGION,2016-2024($MILLION)
    TABLE NO 3. GLOBAL TEXT-TO-SPEECH MARKET REVENUE BY REGION,2016-2024($MILLION)
    TABLE NO 4. GLOBAL INTELLIGENT VIRTUAL ASSISTANT MARKET REVENUE BY VERTICAL,2016-2024($MILLION)
    TABLE NO 5. GLOBAL AUTOMOTIVE MARKET REVENUE BY REGION,2016-2024($MILLION)
    TABLE NO 6. GLOBAL HEALTHCARE MARKET REVENUE BY REGION,2016-2024($MILLION)
    TABLE NO 7. GLOBAL BFSI MARKET REVENUE BY REGION,2016-2024($MILLION)
    TABLE NO 8. GLOBAL RETAIL (E-COMMERCE) MARKET REVENUE BY REGION,2016-2024($MILLION)
    TABLE NO 9. GLOBAL OTHERS INTELLIGENT VIRTUAL ASSISTANT MARKET REVENUE,2016-2024($MILLION)
    TABLE NO 10. GLOBAL INTELLIGENT VIRTUAL ASSISTANT MARKET REVENUE BY GEOGRAPHY,2016-2024($MILLION)
    TABLE NO 11. NORTH AMERICA INTELLIGENT VIRTUAL ASSISTANT MARKET REVENUE BY TECHNOLOGY,2016-2024($MILLION)
    TABLE NO 12. NORTH AMERICA INTELLIGENT VIRTUAL ASSISTANT MARKET REVENUE BY VERTICAL,2016-2024($MILLION)
    TABLE NO 13. EUROPE INTELLIGENT VIRTUAL ASSISTANT MARKET REVENUE BY TECHNOLOGY,2016-2024($MILLION)
    TABLE NO 14. EUROPE INTELLIGENT VIRTUAL ASSISTANT MARKET REVENUE BY VERTICAL,2016-2024($MILLION)
    TABLE NO 15. ASIA-PACIFIC INTELLIGENT VIRTUAL ASSISTANT MARKET REVENUE BY TECHNOLOGY,2016-2024($MILLION)
    TABLE NO 16 ASIA-PACIFIC INTELLIGENT VIRTUAL ASSISTANT MARKET REVENUE BY VERTICAL,2016-2024($MILLION)
    TABLE NO 17. LAMEA INTELLIGENT VIRTUAL ASSISTANT MARKET REVENUE BY TECHNOLOGY,2016-2024($MILLION)

    LIST OF FIGURES

    FIGURE NO 1. VALUE CHAIN ANALYSIS
    FIGURE NO 2. PORTER’S FIVE FORCES ANALYSIS
    FIGURE NO 3. MARKET SHARE ANALYSIS
    FIGURE NO 4. INVESTMENT OPPORTUNITIES
    FIGURE NO 5. KEY STRATEGIC ATTEMPTS (%SHARE)
    FIGURE NO 6. KEY IMPACTING FACTORS
    FIGURE NO 7. GLOBAL INTELLIGENT VIRTUAL ASSISTANT MARKET REVENUE BY TECHNOLOGY,2016-2024($MILLION)
    FIGURE NO 8. GLOBAL SPEECH RECOGNITION MARKET REVENUE BY REGION,2016-2024($MILLION)
    FIGURE NO 9. GLOBAL TEXT-TO-SPEECH MARKET REVENUE BY REGION,2016-2024($MILLION)
    FIGURE NO 10. GLOBAL INTELLIGENT VIRTUAL ASSISTANT MARKET REVENUE BY VERTICAL,2016-2024($MILLION)
    FIGURE NO 11. GLOBAL AUTOMOTIVE MARKET REVENUE BY REGION,2016-2024($MILLION)
    FIGURE NO 12. GLOBAL HEALTHCARE MARKET REVENUE BY REGION,2016-2024($MILLION)
    FIGURE NO 13. GLOBAL BFSI MARKET REVENUE BY REGION,2016-2024($MILLION)
    FIGURE NO 14. GLOBAL RETAIL (E-COMMERCE) MARKET REVENUE BY REGION,2016-2024($MILLION)
    FIGURE NO 15. GLOBAL OTHERS INTELLIGENT VIRTUAL ASSISTANT MARKET REVENUE,2016-2024($MILLION)
    FIGURE NO 16. GLOBAL INTELLIGENT VIRTUAL ASSISTANT MARKET REVENUE BY GEOGRAPHY,2016-2024($MILLION)
    FIGURE NO 17. NORTH AMERICA INTELLIGENT VIRTUAL ASSISTANT MARKET REVENUE BY TECHNOLOGY,2016-2024($MILLION)
    FIGURE NO 18. NORTH AMERICA INTELLIGENT VIRTUAL ASSISTANT MARKET REVENUE BY VERTICAL,2016-2024($MILLION)
    FIGURE NO 19. EUROPE INTELLIGENT VIRTUAL ASSISTANT MARKET REVENUE BY TECHNOLOGY,2016-2024($MILLION)
    FIGURE NO 20. EUROPE INTELLIGENT VIRTUAL ASSISTANT MARKET REVENUE BY VERTICAL,2016-2024($MILLION)
    FIGURE NO 21. ASIA-PACICFIC INTELLIGENT VIRTUAL ASSISTANT MARKET REVENUE BY TECHNOLOGY,2016-2024($MILLION)
    FIGURE NO 22. ASIA-PACICFIC INTELLIGENT VIRTUAL ASSISTANT MARKET REVENUE BY VERTICAL,2016-2024($MILLION)
    FIGURE NO 23. LAMEA INTELLIGENT VIRTUAL ASSISTANT MARKET REVENUE BY TECHNOLOGY,2016-2024($MILLION)

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  • • Anboto Group
    • Artificial Solutions Ltd.
    • CodeBaby Corporation
    • Creative Virtual Ltd
    • CX Company
    • eGain Corporation
    • IntelliResponse Systems Inc.
    • Next IT Corporation
    • Nuance Communications Inc.
    • Speaktoit LLC

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What Information does this report contain?

• What was the market size of the Intelligent Virtual Assistant Market in 2016 and the expected market size by 2024, along with the growth rate?
• An in-depth analysis of the current impacting factors, opportunities and challenges/restraints in the market
• Which are the largest revenue generating products, services or regions and their comparative growth rate?
• Which technology is in trend and how would it evolve during the forecast period (2016 – 2024)?
• Which are the leading companies in theIntelligent Virtual Assistant Market and their competitive positioning basis their market share, product portfolio, strategic attempts and business focus?

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