Global Intelligent Virtual Assistant Market Report, History and Forecast 2015-2026, Breakdown Data by Companies, Key Regions, Types and Application

An intelligent virtual assistant is an engineered entity residing in software that interfaces with humans in a human way. This technology incorporates elements of interactive voice response and other modern artificial intelligence projects to deliver full-fledged “virtual identities” that converse with users.
The conversational AI-based IVAs accounted for the highest share in 2017. This is mainly because AI-based IVAs have the ability to learn by itself with the help of deep learning, NLP, and neural networks. Rule-based IVAs can answer basic and limited types of queries.

Market Analysis and Insights: Global Intelligent Virtual Assistant Market
The research report studies the Intelligent Virtual Assistant market using different methodologies and analyzes to provide accurate and in-depth information about the market. For a clearer understanding, it is divided into several parts to cover different aspects of the market. Each area is then elaborated to help the reader comprehend the growth potential of each region and its contribution to the global market. The researchers have used primary and secondary methodologies to collate the information in the report. They have also used the same data to generate the current market scenario. This report is aimed at guiding people towards an apprehensive, better, and clearer knowledge of the market.
The global Intelligent Virtual Assistant market size is projected to reach US$ 3489 million by 2026, from US$ 1347.6 million in 2020, at a CAGR of 17.2% during 2021-2026.

Global Intelligent Virtual Assistant Scope and Segment
The global Intelligent Virtual Assistant market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Intelligent Virtual Assistant market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type, and by Application for the period 2015-2026.

Segment by Type, the Intelligent Virtual Assistant market is segmented into
Rule based
Conversational AI based

Segment by Application, the Intelligent Virtual Assistant market is segmented into
Consumer Electronics
BFSI
Healthcare
Education
Retail
Government
Utilities
Travel and Hospitality
Others

Global Intelligent Virtual Assistant market: regional analysis, the major regions covered in the report are:
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Latin America
Mexico
Brazil
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of Middle East & Africa

The report lists the major players in the regions and their respective market share on the basis of global revenue. It also explains their strategic moves in the past few years, investments in product innovation, and changes in leadership to stay ahead in the competition. This will give the reader an edge over others as a well-informed decision can be made looking at the holistic picture of the market.

The major vendors covered:
Microsoft
Nuance
Samsung Electronics
Alphabet
Apple
Amazon
IBM
Baidu
Blackberry
Inbenta Technologies
Facebook
Cognitive Code
Artificial Solutions
Unified Computer Intelligence