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  • 19 June 2019 22:25

Intelligent Virtual Assistant (IVA) Market Driving Away With US$ 12 billion

Recent research study, the global intelligent virtual assistant (IVA) market is anticipated to reach around 12 billion by 2026 at substantial CAGR around 38% throughout the forecast period.

The intelligent virtual assistant (IVA) market is expected to be driven by the demand for automation in customer support services. At the same time, IVA smart speakers are very much in demand for smart home applications such as wireless-connected thermostats, air-conditioners, and others.

The report provides analysis of global Intelligent Virtual Assistant (IVA) market for the period 2016-2026, wherein 2018 to 2026 is the forecast period and 2017 is considered as the base year.

The market research study on “Intelligent Virtual Assistant (IVA) Market Size By Technology (Text-To-Speech, Speech Recognition, Voice Recognition), By Application (Automotive, BFSI, Healthcare, IT & Telecom, Retail, Education), By Service (Marketing Assistant, Customer Service), By End-Use (Large Enterprises, SMBs, Individual Users), By Region - Global Industry Size, Share, Trends and Forecast 2018 - 2026” offers a detailed insights on global Intelligent Virtual Assistant (IVA) market entailing insights on its different market segments.

Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global Intelligent Virtual Assistant (IVA) market by technology, service application, end-use and major geographic regions. The report also covers basic technology development policies.

Market Participants

The global intelligent virtual assistant (IVA) market is characterized by the presence of experienced and established players. Some of the key players include Apple, Inc., Oracle Corporation, Google LLC, IBM Corporation, Nuance Communications, Microsoft Corporation, Clara Labs, InteliWISE, eGain Communications, Artificial Solutions, 24/7 Customer, Inc., Creative Virtual and Anboto.

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