Intelligent Virtual Assistant Market Analysis, Key Vendors,
Production, Consumption and Scope By 2026
Intelligent Virtual Assistant Market study provides key insights about
market drivers, restraints, opportunities, new product launches or
approval, regional outlook, and competitive strategies adopted by the
leading players.
Intelligent virtual assistant is a software application working in conjunction with next-generation
technologies to enable easy interaction between computer system and human. Several
platforms are used such as the internet, SMS, and messenger along with that various interaction
methods such as text-to-speech, text-to-text, speech-to-text, and speech-to-speech.
High adoption of mobile devices is one of the key factors accelerating the growth of global
intelligent virtual assistant market. Mobile phone devices increases the access of virtual
assistant integrated platforms such as smart speaker (Amazon Echo, Google Home, and Apple
HomePod), instant messaging app (Whatsapp and Facebook messenger), and other apps
(Google Allo). These enables real-time communication through SMS, voice calls or video chat,
and provides real-time information for weather forecast, on demand video, TV shows,
entertainment and sports, and online shopping.
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For instance, according to Coherent Market Insights’ analysis, in 2016, over 68% of global
population is already using mobile phones. According to Coherent Market Insights, as of 2015,