During the assessment period of 2022-2028, the intelligent virtual assistant market will see enormous growth due to the growing popularity of decentralised workplaces, modernization, technological advancements, and other factors.
Conversational AI has become one of the most in-demand technologies in a variety of industries. The intelligent virtual assistant market will expand at an exponential rate as artificial intelligence is used to improve service offerings and provide greater speed to clients.
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Intelligent virtual assistants, often known as digital employees or virtual agents, allow businesses or government organisations to converse with clients. The bots conduct the chats, but they do it in a human-like manner. The advantages of intelligent virtual assistants will sow the seeds of expansion.
Google and BMW, for example, are spending heavily in the adoption of intelligent virtual assistants. The widespread adoption of these technologies by consumers has prompted many businesses to use them on a broad scale. The intelligent virtual assistant market has a lot of room to grow as a result of this factor.
Chatbot software is not the same as intelligent virtual assistant software because chatbots are often programmed and do not have the ability to recognise multiple intents. Intelligent virtual assistants, as opposed to chatbots, contain a number of qualities that make dialogues more efficient and accurate. As a result, these factors will propel the intelligent virtual assistant market to new heights.
Popularity of Work-from-Home Mechanisms and Integration Across Multiple Applications to Drive Intelligent Virtual Assistant Market Growth
New dimensions and problems were introduced to the whole working process as the epidemic disrupted workplace culture and forced the development of remote work around the world. As a result, a variety of technology kinds are being used to adapt to the current scenario. Intelligent virtual assistants are one of them. These assistants make it easier for employees and employers to communicate.
By automating responsibilities like as note-taking, transcription, and follow-up action item management, the assistants help to improve meeting experiences and increase productivity. These variables have a significant impact on the market for intelligent virtual assistants. The widespread use of intelligent virtual assistants by a wide range of organisations and businesses will open up enormous growth opportunities. Furthermore, integrating these aides into various workplace applications will encourage good growth.
The Intelligent Virtual Assistant Market – Industry Analysis by Types, Applications, and Regions focuses on the following key segments:
Intelligent Virtual Assistant Market – Types Outlook
• Rule based
• Conversational AI based
Intelligent Virtual Assistant Market – Applications Outlook
• Consumer Electronics
• BFSI
• Healthcare
• Education
• Retail
• Government
• Utilities
• Travel and Hospitality
• Others
Intelligent Virtual Assistants are being used by federal agencies and government offices to strengthen ties with citizens.
Often, citizens of a country find it difficult to discuss a question or concern with government authorities or federal employees due to the large number of complaints or grievances they deal with. This produces a sense of dissatisfaction among residents regarding the government’s operating competence.
Profiles of prominent firms functioning in the worldwide intelligent virtual assistant market are included in the research report. Among the key players profiled in the report are: Amazon Web Services, Anboto Group., Apple Inc., Artificial Solutions Ltd., Baidu , CodeBaby Corp., Creative Virtual Ltd., CX Company, eGain Communications Corp., Inbenta Technologies, IntelliResponse Systems Inc., Next IT Corporation, Nuance Communications Inc., Samsung Electronics, Sony Corporation, Speaktoit Inc., Uniphore Software Solutions Pvt. Ltd., Voicebox Technologies Corp, and VoiceVault Inc.
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