Smart Virtual Personal Assistants Market Growing with Healthy CAGR by 2024

Business Feb 15, 2018 No Comments

Global Smart Virtual Personal Assistants Market: Overview

Virtual personal assistants are software agents that can provide services and can perform tasks for human beings. In order to operate an application smoothly, the virtual personal assistant makes use of a smart machine technology and an autonomous agent in order to provide an ambient user experience. The virtual personal assistant enables a website user or an application to make interactions with the system by giving input which may be in the form of voice, text, and image. It is depending on the input the output is delivered, thus creating an interactive environment between machine and the human beings.

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Smart Virtual Personal Assistants Market

Smart Virtual Personal Assistants Market

Global Smart Virtual Personal Assistants Market: Segmentation

The market for smart virtual personal assistants is globally fragmented into its modes of interaction and application. Based on the modes of interaction, the global market is segregated into voice, text/online chat, taking and uploading pictures. Depending on the application, the market is divided into apps, mobile phones, gaming application, e-commerce website, online portals, translation devices, and navigation tools

Global Smart Virtual Personal Assistants Market: Growth Factors

The integration of the artificial intelligence with the strong analytics helps the humans in their daily activities which include generating reminder alarms, e-mail management process, and priorities & scheduling work, and much more. Thus the market for the smart virtual personal assistants is growing significantly so that everything is managed easily. Pervasive computing (i.e., Internet of Things) is the latest trend that is emerging; it is thus opening up new opportunities for the machine to machine (M2M) and Machine to human (M2H) interaction. All these factors are positively influencing the market growth for virtual personal assistants in the future years.

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Global Smart Virtual Personal Assistants Market: Regional Analysis

Based on the regions, the market for smart virtual personal assistants is diversified into Western Europe, North America, Eastern Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The regions that are dominating the smart virtual personal assistants market is North America and Western Europe. Factors that contribute to the market growth in these regions are the existence of a wide number of smart virtual personal assistants vendors along with U.S. being considered as the country that adopts early the smart technologies. There is also a significant market growth expected in Asia Pacific region. The factors that will contribute towards this growth are the increasing implementation of the business automation and the growing number of the software experts that are cultivating the automated business process. The increasing penetration of the new technologies is the fact that is supporting the growth of the market in the Eastern Europe and Latin America.

Global Smart Virtual Personal Assistants Market: Competitive Players

The key market players that are involved in the smart virtual personal assistants market include Apple Inc., Artificial Solutions, SK Telecom Co., Ltd., Intel Corporation, IBM Corporation, 24me,, Inc., Oracle Corporation, Creative Virtual Ltd., Facebook, Microsoft Corporation, Nuance Communications, Inc., and InteliWISE SA.

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Global Smart Virtual Personal Assistants Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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Shawn Morgan is an accomplished digital marketing professional. He tracks the most recent patterns and happenings in the advanced showcasing scene, additionally offering his feeling on their effect on organizations. He has involvement in both B2C and B2B markets. His side interests incorporate perusing books and voyaging. Follow him on Twitter: @shawnmorgan789