Virtual Assistant Market Will Grow At 37% CAGR To Cross $11.5 Bn By 2024.

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Virtual Assistant Market Will Grow At 37% CAGR To Cross $11.5 Bn By 2024

Feb 19, 2020 (AmericaNewsHour) -- Virtual assistant market size is likely to witness noticeable growth owing to its rising adoption in customer service. The technology facilitates interaction with chatbots or virtual agents to handle customer queries. Deployment of virtual assistants reduces confusion in call flows by transferring it to the relevant department. It also resolves queries and reduces human work by managing customer calls. Virtual assistants also offer efficiency, higher productivity in Virtual assistant operations, and help companies provide 24/7 support to customers. Such benefits offered by Virtual assistant have supported their adoption in service sector and spurred virtual assistant market growth.

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Increasing inclination of companies towards improving customer service by rapid query resolution will lead virtual assistant market along the path of progress. Adoption of Virtual assistant has resulted in enhanced online service experience and raised sales of e-commerce companies. Virtual assistant deployment has become more commonplace owing to the upsurge in consumer's appetite for sophisticated technologies.

Modern-day industrial units have been adopting speech recognition technology at a considerable pace which has fueled Virtual assistant market growth. Automobile sector has seen huge applications owing to the development of connected cars with speech recognition solutions. The technology allows drivers to track route by following speech activated commands and use their cellphones. For instance, Apple has an application-based software, CarPlay, which establishes connection with car and accepts voice commands.

The healthcare sector in Asia Pacific has a high propensity for advanced technologies, such as Virtual assistant, which has augmented Asia Pacific Virtual assistant market share. Patient management has become quite complicated due to increasing health concerns and patient population in the region. Problems faced by staff in patient care has encouraged medical institutions and hospitals to incorporate such advanced technologies in their facilities. Countries, including India and China, have been offering self-service to the customers, which is likely to escalate Asia Pacific virtual assistant market size.

Increasing demand for improved medical processes has raised the application of Virtual assistant in healthcare sector. Incorporation of Virtual assistant in healthcare sector offers personalized medication, predictive medical care, long-term cost saving, and improved diagnosis. Healthcare organizations use Medical Virtual Assistants (MVAs) to gather patient details, such as demographic information, insurance details, procurement details, health history, data mining, finance/costing, and analysis of all records. Increasing affinity of healthcare institutions towards adoption of advanced technologies for better patient care is likely to propel virtual assistant market trends.

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Some prominent virtual assistant market players are IBM, Nuance Communications, Clara Labs, InteliWISE, Creative Virtual, Artificial Solutions, eGain Communications, 24/7 Customer, Inc., and Anboto. 

List of Charts & Figures from Virtual Assistant Market Report:

FIG. 1    Virtual Assistant Market segmentation

FIG. 2    Virtual Assistant Market ecosystem analysis

FIG. 3    Virtual Assistant Market Growth potential analysis

FIG. 4    Porter's analysis

FIG. 5    Competitive landscape

FIG. 6    PESTEL analysis

FIG. 7    SWOT analysis, 24/7 CUSTOMER, INC.

FIG. 8    SWOT analysis, Amazon, Inc.

FIG. 9    SWOT analysis, Anboto

FIG. 10    SWOT analysis, Apple, Inc.

FIG. 11    SWOT analysis, Artificial Solutions

FIG. 12    SWOT analysis, Clara Labs

FIG. 13    SWOT analysis, CodeBaby Corporation

FIG. 14    SWOT analysis, Creative Virtual

FIG. 15    SWOT analysis, CX Company

FIG. 16    SWOT analysis, eCreation

FIG. 17    SWOT analysis, eGain Communications

FIG. 18    SWOT analysis, Eidoserve Inc.

FIG. 19    SWOT analysis, Existor

FIG. 20    SWOT analysis, GetAbby

FIG. 21    SWOT analysis, Google, Inc.

FIG. 22    SWOT analysis, IBM Corporation

FIG. 23    SWOT analysis, Inbenta

FIG. 24    SWOT analysis, Intel

FIG. 25    SWOT analysis, IntelliResponse

FIG. 26    SWOT analysis, Microsoft Corporation

FIG. 27    SWOT analysis, Next IT

FIG. 28     SWOT analysis, Nuance Communications

FIG. 29    SWOT analysis, Oracle

FIG. 30    SWOT analysis, SelfService Company

FIG. 31    SWOT analysis, Speaktoit Inc

FIG. 32    SWOT analysis, Synthetix Ltd.

FIG. 33    SWOT analysis, Viclone Corporation

FIG. 34    SWOT analysis, Virtual Zone

Some Points From Table Of Content: –

Chapter 9.   Company Profiles

9.1.  24/7 CUSTOMER, INC.

9.1.1. Business overview

9.1.2. Financial data

9.1.3. Product landscape

9.1.4. Strategic outlook

9.1.5. SWOT analysis

9.2.  Amazon, Inc.

9.2.1. Business overview

9.2.2. Financial data

9.2.3. Product landscape

9.2.4. Strategic outlook

9.2.5. SWOT analysis

9.3.  Anboto

9.3.1. Business overview

9.3.2. Financial data

9.3.3. Product landscape

9.3.4. Strategic outlook

9.3.5. SWOT analysis

9.4.  Apple, Inc.

9.4.1. Business overview

9.4.2. Financial data

9.4.3. Product landscape

9.4.4. Strategic outlook

9.4.5. SWOT analysis

9.5.  Artificial Solutions

9.5.1. Business overview

9.5.2. Financial data

9.5.3. Product landscape

9.5.4. Strategic outlook

9.5.5. SWOT analysis

9.6.  Clara Labs

9.6.1. Business overview

9.6.2. Financial data

9.6.3. Product landscape

9.6.4. Strategic outlook

9.6.5. SWOT analysis

9.7.  CodeBaby Corporation

9.7.1. Business overview

9.7.2. Financial data

9.7.3. Product landscape

9.7.4. Strategic outlook

9.7.5. SWOT analysis

9.8.  Creative Virtual

9.8.1. Business overview

9.8.2. Financial data

9.8.3. Product landscape

9.8.4. Strategic outlook

9.8.5. SWOT analysis

9.9.  CX Company

9.9.1. Business overview

9.9.2. Financial data

9.9.3. Product landscape

9.9.4. Strategic outlook

9.9.5. SWOT analysis

9.10.   eCreation

9.10.1.  Business overview

9.10.2.  Financial data

9.10.3.  Product landscape

9.10.4.  Strategic outlook

9.10.5.  SWOT analysis

9.11.   eGain Communications

9.11.1.  Business overview

9.11.2.  Financial data

9.11.3.  Product landscape

9.11.4.  Strategic outlook

9.11.5.  SWOT analysis

9.12.   Eidoserve Inc.

9.12.1.  Business overview

9.12.2.  Financial data

9.12.3.  Product landscape

9.12.4.  Strategic outlook

9.12.5.  SWOT analysis

9.13.   Existor

9.13.1.  Business overview

9.13.2.  Financial data

9.13.3.  Product landscape

9.13.4.  Strategic outlook

9.13.5.  SWOT analysis

9.14.   GetAbby

9.14.1.  Business overview

9.14.2.  Financial data

9.14.3.  Product landscape

9.14.4.  Strategic outlook

9.14.5.  SWOT analysis

9.15.   Google, Inc.

9.15.1.  Business overview

9.15.2.  Financial data

9.15.3.  Product landscape

9.15.4.  Strategic outlook

9.15.5.  SWOT analysis

9.16.   IBM Corporation

9.16.1.  Business overview

9.16.2.  Financial data

9.16.3.  Product landscape

9.16.4.  Strategic outlook

9.16.5.  SWOT analysis

9.17.   Inbenta

9.17.1.  Business overview

9.17.2.  Financial data

9.17.3.  Product landscape

9.17.4.  Strategic outlook

9.17.5.  SWOT analysis

9.18.   Intel

9.18.1.  Business overview

9.18.2.  Financial data

9.18.3.  Product landscape

9.18.4.  Strategic outlook

9.18.5.  SWOT analysis

9.19.   IntelliResponse

9.19.1.  Business overview

9.19.2.  Financial data

9.19.3.  Product landscape

9.19.4.  Strategic outlook

9.19.5.  SWOT analysis

9.20.   Microsoft Corporation

9.20.1.  Business overview

9.20.2.  Financial data

9.20.3.  Product landscape

9.20.4.  Strategic outlook

9.20.5.  SWOT analysis

9.21.   Next IT

9.21.1.  Business overview

9.21.2.  Financial data

9.21.3.  Product landscape

9.21.4.  Strategic outlook

9.21.5.  SWOT analysis

9.22.   Nuance Communications

9.22.1.  Business overview

9.22.2.  Financial data

9.22.3.  Product landscape

9.22.4.  Strategic outlook

9.22.5.  SWOT analysis

9.23.   Oracle

9.23.1.  Business overview

9.23.2.  Financial data

9.23.3.  Product landscape

9.23.4.  Strategic outlook

9.23.5.  SWOT analysis

9.24.   SelfService Company

9.24.1.  Business overview

9.24.2.  Financial data

9.24.3.  Product landscape

9.24.4.  Strategic outlook

9.24.5.  SWOT analysis

9.25.   Speaktoit Inc

9.25.1.  Business overview

9.25.2.  Financial data

9.25.3.  Product landscape

9.25.4.  Strategic outlook

9.25.5.  SWOT analysis

9.26.   Synthetix Ltd.

9.26.1.  Business overview

9.26.2.  Financial data

9.26.3.  Product landscape

9.26.4.  Strategic outlook

9.26.5.  SWOT analysis

9.27.   Viclone Corporation

9.27.1.  Business overview

9.27.2.  Financial data

9.27.3.  Product landscape

9.27.4.  Strategic outlook

9.27.5.  SWOT analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.Gminsights.Com/toc/detail/intelligent-virtual-assistant-iva-market

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