The industry is poised for growth owing to increasing demand across several application areas including travel, utilities and telecommunication sector. Intelligent virtual assistant offer benefits such as the ability to organize and maintain information.
Browse Detail Report With TOC @ http://www.hexareports.com/report/intelligent-virtual-assistant-iva-market/details
Rising popularity of interactive online channels coupled with the growing need for cost effective ways to effectively and efficiently respond to customer needs is expected to offer avenues for industry growth. Increasing adoption across several end-use sectors including healthcare, e-commerce and BFSI may also offer potential opportunities for industry participants. Lack of standardization and awareness among end users may hinder product demand over the coming years.
Further key findings from the study suggest:
Large enterprises contributed for over 80% of the overall revenue in 2013, and are expected to witness significant growth over the forecast period. This may be primarily attributed to the growing focus on increasing customer satisfaction. Increasing replacement of traditional methods of customer engagement in order to ensure enhanced user engagement and offering real-time, personalized support may elevate demand.
Small and medium enterprises (SMEs) are expected to exhibit high growth over the forecast period attributing to increasing adoption for better mobility solutions and business communication.
Technology Market Research Related Reports:
Big Data and Analytics: Telco Strategies, Investments and Use Cases – http://www.hexareports.com/report/big-data-and-analytics-telco-strategies-investments-and-use-cases/details
Taiwanese Silicon PV Cell Industry, 1Q 2016 – http://www.hexareports.com/report/taiwanese-silicon-pv-cell-industry-1q-2016/details
Enterprise Networking Market Analysis And Segment Forecasts To 2024 – http://www.hexareports.com/report/enterprise-networking-market/details
North America accounted for over 40% of the global revenue in 2013 owing to early technology adopters resulting in increasing mobility and wireless subscribers in the region. Asia Pacific intelligent virtual assistant market is estimated to exhibit rapid growth over the coming years attributing to smartphone proliferation leading to uptake of mobile-based assistants in the region.
Key players in the industry include Creative Virtual Ltd., Next IT Corporation, IntelliResponse, Artificial Solutions, eGain Communications, CodeBaby Corp., Anboto Group and Nuance Communications. Industry participants compete on the basis of efficient natural language processing and robust back-end knowledge base capabilities. Companies also make continuous efforts for ensuring cost savings, enhanced user engagement and customer satisfaction. Notable companies also offer features including continued availability, natural language understanding and automatic language detection in order to maintain their leading position in the market.
Request A Sample copy of This Report @ http://www.hexareports.com/sample/112557
Hexa Reports is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.
Our Website: http://www.hexareports.com
Company Name: Hexa Reports
Contact Person: Ryan Shaw
Email: Send Email
Address:Felton Office Plaza, 6265 Highway 9
Country: United States