Intelligent Virtual Assistant 2019 Market Analysis; By Key Players, Applications, Growth Trends, Share & Segment Forecast to 2025

Wiseguyreports.Com Publish New Market Research Report On -“Intelligent Virtual Assistant Market 2019 Global Analysis, Size, Share, Trends, Opportunities and Growth, Forecast 2025”

Pune, India - September 19, 2019 /MarketersMedia/ —

Intelligent Virtual Assistant Market 2019

The Intelligent Virtual Assistants are artificial intelligence-driven software solutions for organizations looking forward to automating their customer service undertakings. Owing to their self-learning ability, customizable features, and scalability, these AI-driven virtual assistants are gaining huge popularity across different small and large-sized organizations. As brands across industries are focusing on enhancing customer experience, intelligent virtual assistants are expected to attain traction considering the advanced functional capabilities compared to conventional programmable chatbots.

IVA is an efficient system which performs tasks as per the customer's demand. It is a software solution that facilitates user interaction with smartphones, personal computers, SMS, messenger, and other advanced interfaces. Intelligent virtual assistant systems use different interaction techniques, which include speech-to-text, text-to-text, among others to help users in performing their tasks, either for some practical purposes or for entertainment-related purposes. Amazon Alexa, Apple’s Siri, and Google assistant are some well-known intelligent virtual assistants.

Request Free Sample Report @

Market Analysis
WiseGuy Research conducted a detailed analysis of the global intelligent virtual assistant market. The Research reports suggests that Global IVA market was valued at US$1.20 Billion in the year 2016, and is projected to reach US$19.9 billion by the end of 2025, developing at a CAGR of about 36% over the forecast period.

Rising penetration of smartphones and the growing adoption of intelligent virtual assistant software and services by large organizations is stimulating the growth of the global IVA market. Rising demand for automation in offering the consecutive support services for consumer and growing adoption of smart home systems which include wirelessly connected thermostats, music players, air conditioners and others is further projected to drive the IVA market growth.
However, the lack of precision in the system design and personalization option is anticipated to restrict the market growth. According to the research conducted by Research, North America is expected to occupy the highest market share in the global IVA market.

The banking sector has a broad range of products and services for its consumers and the growing number of banking service providers are acquiring personalized banking to maintain their customers. Intelligent virtual assistants, which is eligible for providing timely and efficient customer service, along with personalized offers based on their profile are, therefore, becoming popular across the banking sector.

Market segmentation
As per the research report, the global IVA market can be analyzed with respect to the product range, product type, technology, major verticals, and applications.

Based on the product range, the global IVA market can be segmented into-
IVA Smart Speakers
Smart Watches

Based on product type, the global IVA market can be segmented into-
Rule-based Intelligent Virtual Assistants
Conversational AI-based Intelligent Virtual Assistants

Based on the primary services provided by IVA, the market can be categorized into-
Marketing Assistance
Customer Service
Major industry verticals-
Consumer Electronics
Travel and Hospitality

Important Facts
In the year 2017, Nuance Communications, a leading market player in the intelligent virtual assistant market discovered AI-powered virtual assistant solution developed for healthcare providers. The organization’s modern Dragon Medical Virtual Assistant is believed to provide complex conversational dialogues and pre-built abilities that automate high-value clinical workflows for health service providers that already depend on Dragon Medical for their clinical documentation.
Popular banking service providers, like JPMorgan Chase, Bank of America, and Capital One have enforced virtual assistants in the form of chatbots and have stream-lined their back-end operations, thereby, saving substantial costs. IBM, which delivers Artificial Intelligence solutions for call centres, mentioned that bot interactions in the Banking sector are anticipated to hit 90% by the end of 2022. Such statistics confirm the IVA market growth over the forecast period.

Complete Report Details @

Contact Info:
Name: Norah Trent
Email: Send Email
Address: Office No.528,Amanora Chambers,Magarpatta Road,Hadapsar,Pune-411028.
Phone: +1-646-845-9349

Source URL:

Source: MarketersMedia

Release ID: 88920706

Latest News

Globes carpet kicks off with big sleeves and shades of pink

May 31, 2020

NEW YORK — Cynthia Erivo and Greta Gerwig rocked sparkling chokers as the Golden Globes red carpet kicked off Sunday, with Erivo in a hand-beaded custom Thom Browne gown and Gerwig in black and cream. Both went off-shoulder for the big night in Beverly Hills, California. Erivo, the “Harriet” star and fashion standout, said her dress includes designs of her favorite flower, the peony, at the hem and in her lining. The short-sleeve gown, Erivo told E!, took 800 hours. A huge blue stone dropped from her short necklace. Shades of pink had an early trend moment on Kirsten Dunst...

Solidarity march against anti-Semitism, acts of hate

May 31, 2020

NEW YORK — Throngs of demonstrators joined by elected officials walked solemnly across the Brooklyn Bridge in a solidarity march Sunday against anti-Semitism and all acts of hate. The “No Hate, No Fear" march was organized by New York's Jewish community in the wake of recent anti-Semitic attacks, including a knife attack at a Hanukkah celebration north of New York City that left five people wounded and a fatal shootout at a kosher grocery in Jersey City, New Jersey. The crowds of participants jammed the streets in lower Manhattan as they waited their turns to get across the bridge. “It...

Innovative fashion designers lead the way on sustainability

May 31, 2020

LONDON — Innovative fashion designers are turning to such things as horseradish and nettles to make sustainable clothing and accessories to the delight of a growing number of buyers. While more consumers are paying closer attention to how the production of goods impacts the environment, old habits die hard. A buy-and-toss mentality persists despite a boost from celebrities helping to drive the upcycle and vintage movements. Actress Maggie Q, who created an activewear line from recycled fabrics, is among activists who see plenty of room for improvement. She says she feels "sick about fast fashion.'' "You hear people say, 'Well,...

House passes $1.4T government spending bill amid impeachment

May 31, 2020

WASHINGTON — The Democratic-controlled House voted Tuesday to pass a $1.4 trillion government spending package, handing President Donald Trump a victory on his U.S.-Mexico border fence while giving Democrats spending increases across a swath of domestic programs. The hard-fought legislation also funds a record Pentagon budget and is serving as a must-pass legislative locomotive to tow an unusually large haul of unrelated provisions into law, including an expensive repeal of Obama-era taxes on high-cost health plans, help for retired coal miners, and an increase from 18 to 21 in the nationwide legal age to buy tobacco products. The two-bill package,...

Streep, Miranda and Stone are named as Met Gala co-0chairs

May 31, 2020

NEW YORK — Next year's Met Gala may be the closest we'll ever come to getting a Miranda Priestly moment at the starry event. Meryl Streep has been named as a co-chair of the Metropolitan Museum of Art's Costume Institute. The Oscar-winner played Priestly, a thinly veiled fictional version of Vogue editor Anna Wintour, in the movie "The Devil Wears Prada." Wintour clearly has no hard feelings because she selected Streep as a co-chair along with Lin-Manuel Miranda and fellow Oscar-winner Emma Stone. Designer Nicolas Ghesquiere rounds out the group. The gala's theme is "About Time: Fashion and Duration," which...

About Us

Travel Leisure Mag is New York City’s travel and lifestyle online magazine with the vision of creating a unique blend of valuable and quality travel experience to the readers. We trust that you will enjoy this experience.

Contact us: sales[at]