Transparency Market
Research
Intelligent Virtual Assistant Market- Global Industry
Analysis, Size, Share, Growth, Trends and Forecast
2015 – 2022
Published Date
2015-09-07
73 Page Report
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Intelligent Virtual Assistant Market Expected to reach US$ 5.1 Bn
by 2022,Globally
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Intelligent Virtual Assistant
Market
REPORT DESCRIPTION
Intelligent Virtual Assistant Market- Global Industry Analysis, Size, Share,
Growth, Trends and Forecast 2015 – 2022
The increase in data explosion has created a huge demand for intelligent virtual assistants across
the world. The rising focus of enterprises on enhancing customer relationships is presenting
ample opportunities for participants operating in the global intelligent virtual assistant market. In
2014, the global market stood at US$579.7 mn. Supported by the expansion of the application
areas of intelligent virtual assistants, analyst expect the market for the latter to develop at a
CAGR of 31.80% during the period of 2015-2022 and reach a value of US$5.1 bn by the end of
2022.
Browse the full Intelligent Virtual Assistant Market report at:
http://www.transparencymarketresearch.com/intelligent-virtual-assistantindustry.html
Speech Recognition Market Leads Global Industry, Large Enterprises Biggest End User
Text-to-speech and speech recognition are the two main technologies utilized in intelligent virtual
assistants. Among these, the market for speech recognition dominates the global intelligent
virtual assistant market. The unique features that speech recognition technology provides, such
as interactive and intuitive communication, are the key reason for the growth of this market
segment.
Small and medium enterprises (SMEs), large enterprises, and individual users...