Technology Intelligent Virtual Assistant Market Analysis | Page 2

Hexa Research Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger future In 2012, Major driving market for Intelligent Virtual Assis tant was dominant consumers which contributed for around 80% of the global market. Markets forecast for small and medium companies are expected to be positive, with adoption rates that are expected to increase considerably in next few years. The market of Intelligent Virtual Assistant market is likely to grow at CAGR around 30% till 2020.Big companies are anticipated to continue for majority market share, driven by increasing focus on customer satisfaction. For ensuring the user engagement and offering real –time, for revenue generation, personalized support is crucial. In 2012, North America contributed for over 40% of the market globally, is likely to remain the major segment in next few years. Emerging economies are likely to witness high demand; Asia Pacific is expected to grow rapidly over the forecast period. Major Industry participants serve industries like Telecommunication, Travel, finance, retail, insurance and utilities. Efficient natural language processing capability and Robust back end knowledge base are quite important for gaining competitive benefits. Key Firms operating in the industry are Nuance communications, Next IT Corporation, Anboto Group, and Creative Virtual Ltd. Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/communication-servicesindustry About Us: Hexa Research is a market research and consulting organization, of fering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives. Contact: +1-800-489-3075 Email : [email protected] Website: http://www.hexaresearch.com/