Uploaded on Oct 14, 2021
The growing need to improve customer service, streamline enterprise communication, and increase productivity has boosted the adoption of intelligent virtual assistants. The rising penetration of mobile devices, and integration of virtual assistants with smart home appliances further support the growth of this market.
Intelligent Virtual Assistant Market Size, Share, Trends And Forecast To 2026
Intelligent Virtual Assistant
Market
Set to Reach $21.52 Billion By 2026 | CAGR 36.6%
“Intelligent Virtual Assistant Market Share, Size, Trends & Industry
Analysis By Technology (Text-Based, Speech Recognition, Text-To-
Speech-Based, Others); By Type (Rule-based, Conversational AI-
Based); By Service (Customer Service, Marketing Assistant); By End-
User (Healthcare, Education, Retail, BFSI, Government, Others); By
Regions, Segment Forecast, 2020 – 2026”
Intelligent Virtual Assistant Market Estimate & Forecast
According to the latest report by Polaris Market Research, the global
Intelligent Virtual Assistant market is growing at a faster pace and is projected to reach
$21.52 Billion By 2026, registering a significant CAGR of 36.6% during the forecast period
2020 to 2026.
The global market report provides a comprehensive evaluation of the market for the forecast
period which comprises of analysis of the industry in terms of factors and trends that are
playing a vital role in the overall progress of the market. This report provides a key analysis
of the current dynamics, major segments, competitive landscape, major innovations, COVID-
19 pandemic impact, and other factors that are playing a crucial role for the market.
Huge investments in R&D activities, the presence of leading global players, significant
progress in terms of technological advancements, and supportive government policies are
creating a positive outlook for the overall growth of the Intelligent Virtual Assistant
market.
An extensive research report on the Intelligent Virtual Assistant market sheds light on
the micro and macro aspects of the industry. The report presents in-depth insights into the
market using the assessment of Porter’s Five Forces model and SWOT analysis. The vital
information featured in the reCoppyorigrhtt © w Poilalrlis hMaerkelpt R eisneadrchu &s Ctornsyul tinlge LaLPd 20e20r.s A ll iRnig httsh Reeseirrve ddecision-making process 2
and businesses to devise their future strategies.
Intelligent Virtual Assistant Market Scope
By Technology By Type By Service By End-User By Region
• Text-based • Rule-based • Customer service • Healthcare ∙ North America
• Speech Recognition • Conversational Ai- • Marketing assistant ∙ Europe
• Education
• Text-To-Speech-Based Based ∙ Asia Pacific
• Retail
• Others ∙ Latin America Middle
• BFSI
East & Africa
• Government
• IT & Telecom
• Others
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Intelligent Virtual Assistant Market Estimate & Forecast
The report includes detailed coverage of the Intelligent Virtual Assistant market based
on product type, application, end-use, and region. The report also sheds light on the fastest-
growing segments of the market and gives future projections for the same keeping in mind
the emerging trends and patterns. The authentic data provided in the research report will
act as a major input for market players and other stakeholders related to the target market.
The market analysis comprises a section solely dedicated to major players in the
Intelligent Virtual Assistant market wherein our expert research analysts provide an
insight into profiles of all the prominent players along with a special focus on recent
developments and major innovations influencing the target market. The competitive outlook
section also discusses major development strategies, market share value, and industry
ranking analysis for the below-mentioned players. Leading players present in the
Intelligent Virtual Assistant market are Apple Inc., Microsoft Corporation, Google,
Nuance Communications, IBM Corporation, Oracle Corporation, [24]7.ai.,
Speaktoit Inc., CodeBaby Corporation, Next IT Corporation, Intel Corporation, and
Clara Labs among others.
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Intelligent Virtual Assistant Market Size
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