Global Virtual Personal Assistance Market Analysis By Product Type (Chatbots, Smart speakers)

Date: 13 May 2019

Globally, the market for Virtual Personal Assistance has been growing at a swift pace on the back of escalating application of smart speakers and Artificial intelligence powered products in a number of industries ranging from public corporations to Healthcare, E-commerce and Banking and Financial service providers. Additionally, government in major countries are focusing on providing better internet access to citizens and to attract investment in the AI industry so as to drive benefits from AI and develop various horizons of the technology that can help industries minimize their costs and maintain a healthy relationship with their customers. All these factors are driving a considerable growth in the market for Global Virtual Personal Assistance during the period.

According to Azoth Analytics research report “Global Virtual Personal Assistants Market - Analysis By Product Type (Chatbots, Smart speakers), Mode of Interaction (Online Chat, Voice), By Application (BFSI, E-commerce, Government, IT and Telecom, Personal, Others), By Region, By Country  (2019 Edition): Opportunities and Forecast (2014-2024) - By Region (North America, Europe, APAC, ROW), By Country (US, Canada, Germany, France, UK, China, Japan, India, Brazil, Mexico)”, the global market is projected to display a robust growth represented by a CAGR of 33.74% during 2019 – 2024.

Smart speakers under Virtual Personal Assistance, Voice virtual assistants and BFSI under the respective segments have been witnessing growth at a notable rate over the past few years as banks and financial institutes are emphasizing on providing better product experience to their customers with timely solutions to their queries backed with growing adoption of virtual assistants that can perform routine tasks in the banks. Amongst the regions, North America accounts for the largest regional share in the global Virtual Personal Assistance market in 2019. Key factors driving the robust growth rate of North America region include escalating adoption of latest technology in the region supported by presence of major tech giants such as Amazon, Apple, Microsoft, Google, among others which are considered to be the market leaders in the Virtual intelligence industry powered by growing investment injected by market players and rising awareness among consumers regarding smart homes technology, has been anticipated to accelerate the virtual personal assistance market growth.

The report titled, “Global Virtual Personal Assistance Market - Analysis By Product Type (Chatbots, Smart speakers), Mode of Interaction (Online Chat, Voice), By Application (BFSI, E-commerce, Government, IT and Telecom, Personal, Others), By Region, By Country  (2019 Edition): Opportunities and Forecast (2014-2024) - By Region (North America, Europe, APAC, ROW), By Country (US, Canada, Germany, France, UK, China, Japan, India, Brazil, Mexico)” has covered and analysed the potential of Global Virtual Personal Assistance Market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global Virtual Personal Assistance market. Additionally, the report also highlights market entry strategies for various companies across the globe. 

A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of Global Virtual Personal Assistance Market. The report analyzes the Global Virtual Personal Assistance Market By Product Type (Chatbots and Smartspeakers) and By Application (Text/Online Chat and Voice), By Mode of Interaction (BFSI, E-commerce, Government, IT & Telecom, Personal, Others). The Global Virtual Personal Assistance Market has been analyzed By Region (North America, Europe, APAC, ROW) and By Country (US, Canada, Germany, France, UK, China, Japan, India, Brazil, Mexico) for the historical period of 2014-2018 and the forecast period of 2019-2024.

...