Intelligent virtual assistant is a next generation software solution that enables user interaction with PC, mobile through internet, SMS, messenger and other interfaces. Intelligent virtual market has a significant demand across various industry for the features they are offering such as responding efficiently to consumer queries in a cost-effective manner.
Virtual assistants can take on multiple roles on a website, such as answering customer questions, performing various helpful tasks and connecting to enterprise systems when needed. Intelligent Virtual Assistant technology provides features such as the ability to recognize different languages and respond via voice or text and interaction in natural languages.
Advancement of natural language processing and artificial intelligence technologies drive the virtual assistance market because these technologies help to process large amount of data and solve the consumer queries on real-time basis. Changing customer approach towards enterprises needs the customer centric platform that increases the demand for intelligence virtual assistant market.
In Contrast to this, complexity in understanding the user objectives and difficulty in integration of knowledge base of intelligent Virtual Assistant and enterprise is restraining the growth of Intelligent Virtual Assistant Market.
Some of the key players for Intelligent Virtual Assistant Market are Next IT Corporation, Nuance Communications, Inc., IntelliResponse Systems, Inc., CodeBaby Corporation, Creative Virtual Ltd., Speaktoit, Inc., Artificial Solutions, eGain Corporation, CX Company and Anboto Group.
Intelligent Virtual Market is currently dominated by North America due to the technological advancements.Asia Pacific Intelligent Virtual Assistant Market is expected to have the highest growth rate during the forecast period.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Segmentation on the basis of technology:
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Intelligent Virtual Assistant Market
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