Chemical Market ShareAnalysis Smart Virtual Personal Assistants Market Product, | Page 2

predicted to generate massive revenue over the next seven years, providing numerous opportunities for industry
participants to invest in research and development of smart virtual personal assistants.
Smart virtual personal assistants also referred as a dialog system or chat bot, is a type of system that is meant to
interact with humans along with a comprehensible structure or framework. These systems are equipped with
transcript, vice-enabled, visuals, haptics, gesticulates and other type of interaction between input and output
channels. The commonly utilized graphical user interfaces (GUIs) provide dialog in trivial state in comparison with the
fully fledged conversational providing numerous advantages over typical GUI wizard systems.
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The smart virtual personal assistants (VPA) market is broadly categorized into major segments based on the application
type such as e-commerce website, mobile apps, online portals, mobile phones, translation devices, gaming application
and navigation tools. E-commerce website segment is growing rapidly in the smart virtual personal assistants industry
with substantial revenue generation in the last few years.
The smart virtual personal assistants market is divided by region as North America, Europe, Asia-Pacific, Latin America
and Africa. North America has shown major growth in recent years owing to the rise in implementation of latest
technologies, surge in number of research & development activities and existence of well-established IT infrastructure
in the region. In European region, Germany, France, and United Kingdom are projected to witness steady growth.
Asia-Pacific region is estimated to hold a major market share in the smart virtual personal assistants with massive
growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong
economic growth, rising smart phone penetration, development of several smart phone devices such as tablets,
laptops, wearable electronic devices and smart home devices, and significant investment by leading industry players
considering potential growth opportunities in the region.
The key players in the smart virtual personal assistants industry are Amazon.com, Inc., Apple Inc., Oracle Corp.,
Artificial Solutions, Inc., Creative Virtual Ltd., SK Telecom Co., Ltd., Facebook, Inc., Intel Corp., Microsoft Corp., IBM
Corp., Nuance Communications, Inc., 24me Ltd., and InteliWISE S.A.
Market Segment:
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (M USD),
market share and growth rate of Smart Virtual Personal Assistants in these regions, from 2012 to 2023 (forecast),
covering
• North America (United States, Canada and Mexico)