Market Analysis and Insights: Global Intelligent Virtual Assistant Market
An intelligent virtual assistant is an engineered entity residing in software that interfaces with humans in a human way. This technology incorporates elements of interactive voice response and other modern artificial intelligence projects to deliver full-fledged “virtual identities” that converse with users.
The global Intelligent Virtual Assistant market size is projected to reach US$ 4089.1 million by 2028, from US$ 1307.2 million in 2021, at a CAGR of 17.2% during 2022-2028.
The conversational AI-based IVAs accounted for the highest share in 2017. This is mainly because AI-based IVAs have the ability to learn by itself with the help of deep learning, NLP, and neural networks. Rule-based IVAs can answer basic and limited types of queries.
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Global Intelligent Virtual Assistant Scope and Market Size
Intelligent Virtual Assistant market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Intelligent Virtual Assistant market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Rule Based
Conversational AI Based
Segment by Application
Consumer Electronics
BFSI
Healthcare
Education
Retail
Government
Utilities
Travel and Hospitality
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
By Company
Microsoft
Nuance
Samsung Electronics
Alphabet
Apple
Amazon
IBM
Baidu
Blackberry
Inbenta Technologies
Facebook
Cognitive Code
Artificial Solutions
Unified Computer Intelligence
Mycroft Ai