The Business Research Company’s report goes into great detail on the intelligent virtual assistant market size and growth, intelligent virtual assistant market regional analysis, intelligent virtual assistant market competitive landscape, and other critical information needed to excel in the intelligent virtual assistant industry.

Major players in the intelligent virtual assistant market include Amazon.com Inc, Apple Inc, IBM Corporation, Nuance Communications Inc, Alphabet Inc, Inbenta Technologies Inc, Microsoft Corporation, Baidu Inc, BlackBerry Ltd, Artificial Solutions, EGain Corporation, IPsoft Inc (Amelia), Avaamo, Alibaba Group, Xiaomi Inc and Oracle.

TBRC’s comprehensive market report based on extensive research will assist you in seamlessly devising your approaches in order to match key market player strategies.

The global intelligent virtual assistants market size is expected to grow from $7.26 billion in 2021 to $9.60 billion in 2022 at a compound annual growth rate (CAGR) of 32.18%. The global intelligent virtual assistant market size is expected to reach $32.10 billion in 2026 at a CAGR of 35.23%.

North America was the largest region in the intelligent virtual assistants market in 2021.

The intelligent virtual assistant market consists of sales of intelligent virtual assistants by entities (organizations, sole traders, and partnerships) that refer to an artificial intelligence (AI)-enabled converse adjunct that generates individualized responses by combining analytics and cognitive computing grounded on individual client information, one’s exchange and position, using the commercial knowledgebase and mortal sapience. An intelligent virtual assistant is more advanced than a simple chatbot, which is automated but not powered by artificial intelligence.

The increasing demand for self-service options is driving the growth of the intelligent virtual assistant market.

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Technological advancement is a key trend gaining popularity in the intelligent virtual assistant market. Major companies operating in the intelligent virtual assistant market are focused on developing new technological solutions for intelligent virtual assistants such as user preferences and privacy features to strengthen their position in the market. These technologically advanced features in intelligent virtual assistants offer better accuracy and output, are easy to use, and protect the privacy of users.

TBRC’s global intelligent virtual assistant market report is segmented:
By Product: IVA (Intelligent Virtual Assistant) Smart Speaker, Chatbots

By User Interface: Text-to-Text, Text-to-Speech, Automatic Speech Recognition

By End-User: Retail, BFSI, Healthcare, Telecom, Others

By Geography: North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

The Intelligent Virtual Assistant Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides an overview of the intelligent virtual assistant market globally and regionally, analyzes and forecasts market size, share, intelligent virtual assistant market players, intelligent virtual assistant market segments, leading competitor revenues, profiles and market shares.

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