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Global Intelligent Virtual Assistant (IVA) Market to be Driven by implementation of cost-effective methodologies to provide effective and productive customer services in Forecast Period of 2021-2026

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Global Intelligent Virtual Assistant (IVA) Market to be Driven by implementation of cost-effective methodologies to provide effective and productive customer services in Forecast Period of 2021-2026

September 10
13:46 2021
Global Intelligent Virtual Assistant (IVA) Market to be Driven by implementation of cost-effective methodologies to provide effective and productive customer services in Forecast Period of 2021-2026
Global Intelligent Virtual Assistant (IVA) Market Report and Forecast 2021-2026
Global Intelligent Virtual Assistant (IVA) Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2021-2026 | EMR Inc.

The new report by Expert Market Research titled, ‘Global Intelligent Virtual Assistant (IVA) Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026’, gives in-depth analysis of the global intelligent virtual assistant (IVA) market, assessing the market based on its segments like technology, products, application, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.

Get a Free Sample Report with Table of Contents – https://www.expertmarketresearch.com/reports/intelligent-virtual-assistant-market/requestsample

The key highlights of the report include:

Market Overview (2016-2026): –

• Historical Market Size (2020): USD 3.4 Billion
• Forecast CAGR (2021-2026): 37%

The market is rising due to the increasing penetration of technology in smartphones and the growing acceptance of smartphones. IVA technology enables customers to complete basic tasks without having to physically interact with them. It also helps consumers to obtain required details without having to wait in long lines for customer service. Smart devices, business websites, and social media platforms are also using intelligent virtual assistant technology to keep in touch with customers. Companies, for example, employ virtual assistants to provide clients with brand or product details in order to raise brand awareness.

Industry Definition and Major Segments

The intelligent virtual assistant (IVA) is a next-generation software solution that improves user interaction with a computer through the internet, messenger, SMS, and other interfaces. To assist users in completing their activities, the software solution employs a variety of interaction strategies, including text-to-text, text-to-speech, and speech-to-text, among others.

Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/intelligent-virtual-assistant-market

Based on technology, the industry is divided into:

• Speech Recognition
• Text-to-Speech

The industry is segmented based on products into:

• Chatbots
• Smart Speakers

The industry is categorised based on application into:

• Automotive
• Healthcare
• BFSI
• Retail (E-Commerce)
• Others

Based on region, the market is segmented into:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Market Trends

The market is expected to grow due to the need for increased productivity in service-based businesses and the integration of AI-powered intelligent virtual assistants (IVAs) across various devices such as tablets, computers, and smartphones. The intelligent virtual assistant can perform a variety of customer service functions, including making it easier to navigate, providing product details, assisting customers with bill payment, completing transfers or forms, and directing issue questions to human customer service agents. As a result of these factors, banks and financial institutions all over the world are integrating intelligent virtual assistants, resulting in industry development. One of the main growth drivers of the global intelligent virtual assistant market is the increase in smart phone penetration. Manufacturers are attempting to integrate advanced and unique features into their goods in order to draw more buyers as the popularity of smartphones grows. Among the standout features are IVA-enabled applications and enhanced performance. Intelligent virtual assistance, as opposed to older technology, offers convenience as well as other advantages such as speech recognition, natural language understanding, and affordability. North America is a major market for intelligent virtual assistants, with a number of major players providing innovative virtual assistant solutions. Furthermore, the Asia-Pacific region is expected to grow at a faster rate in the coming years, owing to rising smartphone adoption and consumer demand for speech recognition technology in the region.

Key Market Players

The major players in the market are Amazon.com, Inc. [NASDAQ: AMZN], Apple Inc., Baidu, Inc., Google Inc., Clara Labs, CSS Corp., Creative Virtual, CodeBaby Corporation, eGain Corporation, IBM Corporation, Kognito, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

Informes de Expertos (https://www.informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

Explore our services: Procurement Research

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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