An intelligent virtual assistant (IVA) or an intelligent personal agent (IPA) is a software model that helps the user with basic tasks and connects with the user in a human way. These intelligent virtual assistant system converse with the user using interactive voice responses and other artificial intelligence projects. These assistants can take voice commands from humans to control automation devices and media playbacks and many others. It also helps in managing emails, to-do lists, and calendars. Some virtual assistants are also capable of interpreting human speech and respond.
An intelligent virtual assistant uses different methods to take commands, like a text message, online chat, email, voice command or command through uploading images. Some systems use all the above methods. These intelligent virtual assistants help in providing information on weather, play music from online streaming services, play audiobooks, or play movie from online platforms. It is also becoming popular in automated online services, where intelligent virtual assistants are being used to reduce the workload from human-provided call-centers.
The main concern regarding the intelligent virtual assistant is security issues. Activation through voice command means that the system is actively listening, even when it is not supposed to. Companies are developing new algorithms to prevent such activities and prevent any security trespassing. The global intelligent virtual assistant market is growing due to the growing smartphone market as well. Every smartphone now comes with intelligent virtual assistant. It added fuel to the growing intelligent virtual assistant market.
Unified Computer Intelligence
The global market for intelligent virtual assistant deserves special attention to understand the opportunities and threats of the market. Special emphasis is given on its product type and application. Type wise the market is segmented into rule-based and conversational AI-based. The application market can be segmented into consumer electronics, healthcare, education, retail, government, utilities, travel & hospitality, and many others. The market is expanding its application into various other segments as well. The growing popularity of intelligent virtual assistants has helped in integrating the system in various home appliances as well. Third-party IVA’s are also available in the market, which is compatible with several voice commands enabled appliances.
The intelligent virtual assistant market is flourishing due to its integration with smartphones and tablets. It helped in expanding the reach of intelligent virtual assistants. North America and European market are growing as people are more inclined towards using automated services and latest technologies. The intelligent virtual assistant has helped people in scheduling and multitasking, enabling them to increase their efficiency. Asia Pacific region is also growing fast due to its huge population and industrial growth. Due to large population smartphone sales is soaring, giving opportunity to the intelligent virtual assistant market to grow.
Merger, collaboration, technology transfer, and acquisition of businesses have helped to create better portfolios in intelligent virtual assistant market. Focus on developing technology and incorporating artificial intelligence have given this market a new dimension.
Table Of Content:
1 Market Overview
2 Manufacturers Profiles
3 Global Market Competition, by Players
4 Global Market Size by Regions
5 North America Revenue by Countries
6 Europe Revenue by Countries
7 Asia-Pacific Revenue by Countries
8 South America Revenue by Countries
9 Middle East and Africa Revenue by Countries
10 Global Market Segment by Type
11 Global Market Segment by Application
12 Global Market Size Forecast (2019-2024)
13 Research Findings and Conclusion
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