An exciting new study from the team of Lucintel found that intelligent virtual assistant market is expected to grow at a CAGR of 37% to 39%. There are significant money making opportunities available in this market and companies planning to enter this market need to differentiate in order to maximize their return on investment.
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The intelligent virtual assistant market is segmented based on user interface, product type, end use industry, and region. In this market, chatbots is expected to remain the largest product type, and consumer electronics segment is expected to remain the largest end use industry. Players can benefit from the available opportunities like high technological adoption of IVAs in industries and growing retail and consumer electronics sectors.
Alphabet Inc., Amazon.com, Inc., Apple Inc., Nuance Communications, Inc., Samsung Electronics Co., Ltd., IBM, Microsoft, Inbenta Technologies, Baidu, Blackberry are some of the major players profiled in this 150 page report.
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Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising potential, high-growth opportunities for the global intelligent virtual assistant market by product type (chatbots and smart speaker), user interface (text-to-speech, speech recognition, and text-based), end use industry (BFSI, automotive, consumer electronics, healthcare, IT & telecommunication, defense & government, retail, traveling & hospitality, media & entertainment, and other), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the intelligent virtual assistant market?
Q.4 What are some changing demands of customers in the intelligent virtual assistant market?
Q.5 What are the new developments in the intelligent virtual assistant market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this intelligent virtual assistant area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this intelligent virtual assistant market?
This unique report from Lucintel will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected]
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.