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Intelligence Virtual Assistant Market: Global Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2023

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  • 93 Pages
  • March 2018
  • Region: Global
  • IHR Insights
  • ID: 4522766
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Global Intelligence Virtual Assistant Market: Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2023

Intelligence Virtual Assistant (IVA) has become a new trend among smartphone users and enterprises across the globe. The increase in the smartphone and internet penetration worldwide is fostering the demand for virtual assistants. The low barriers to enter into this market is a key driver for tech vendors operating in this domain. The IVA market is largely focusing on consumer centric businesses such as, connected cars, retail, financial services and others.
Market Revenue and Segmentation Analysis:
The global IVA market revenue was estimated to be $2.54 billion in 2017 and is expected to reach $25.23 billion by 2023, growing at a CAGR of 46.6% during the forecast period 2017–2023.

The user types include Enterprise IVA and Consumer IVA. The enterprise IVAs are expected to grow at a content rate compared to consumer IVAs. The enterprise IVAs in 2018 are focusing on understanding online shopping habits of consumers which could drive app builders and businesses to enter the mobile-commerce market place. Both, Enterprise and Consumer IVAs are largely being built on social media platforms such as, Facebook Messenger, Twitter, Skype for Business, Microsoft Teams and WhatsApp. The consumer IVAs are expected to grow at 89.8% CAGR through the forecast period owing to the increasing AI-powered mobile commerce apps.

The market is analyzed by industries. The industries mentioned in the report are Retail, Healthcare, Telecommunications, BFSI, Automotive, Media & Entertainment and others. BFSI is the leading consumer of both consumer and enterprise IVAs followed by retail, healthcare and others. These three industries are expected to witness high degrees of innovations in terms of IVA functionalities and user-friendliness. The increasing mobile commerce penetration, personal financial assistance, and personalized healthcare are the focus areas for businesses. The BFSI industry is expected to adopt IVAs at 50.5% CAGR through 2023 to reach a $9.98 billion market.

Regions Analysis:
The regions covered in the report are the Americas, Europe, APAC and MEA. The Americas is expected to grow at a 49.1% CAGR during the forecast period 2017–2023. The US, the UK, Canada, France and Brazil are expected to become the leading adopters of IVAs through the forecast period.

Benefits and Vendors
The report contains an in-depth analysis of vendor profiles, which include their financial health, business units, key business priorities, SWOT, strategies, and views and competitive landscape. Google, Microsoft, HP, Apple, Psoft Inc., Brighterion Inc., Inbenta Technologies Inc., Narrative Science and Quandl Inc, are some companies profiled in the report.
The study offers a comprehensive analysis of the “Global Intelligence Virtual Assistant Market” market. Bringing out the key insights of the industry, the report aims to provide an opportunity for companies to understand the latest trends, current market scenario, government initiatives, and technologies related to the market. In addition, it helps the venture capitalists in understanding the companies better and take informed decisions.

Table of Contents

1 Industry Outlook
1.1 Industry Overview
1.2 Industry Trends
1.3 Pest Analysis
2 Report Outline
2.1 Report Scope
2.2 Report Summary
2.3 Research Methodology
2.4 Report Assumptions
3 Market Snapshot
3.1 Total Addressable Market
3.2 Segmented Addressable Market
4 Market Outlook
4.1 Overview
4.2 Porter 5 (Five) Forces
5 Market Characteristics
5.1 Evolution
5.2 Ecosystem
5.3 Market Segmentation
5.4 Market Dynamics
5.4.1 Drivers Demand For Data-Driven Solutions Increasing Usage In Market Risk And Fraud Detection Increasing Usage Of Technologies In The Bfsi Industry Demand For Technology-Driven Customer Services
5.4.2 Restraints Excessive Cost Of Ownership Unskilled Human Resources
5.4.3 Opportunities Understanding Human Emotions Developing Smarter Robots
5.5 DRO – Impact Analysis
5.6 Market Trends
6 User Types: Market Size And Analysis
6.1 Overview
6.2 Enterprise Iva
6.3 Consumer Iva
7 Industry: Market Size And Analysis
7.1 Overview
7.2 Retail
7.3 Healthcare
7.4 Telecommunications
7.5 Bfsi
7.6 Automotive
7.7 Media & Entertainment
8 Regions: Market Size And Analysis
8.1 Overview
8.2 Americas
8.2.1 US
8.2.2 Canada
8.2.3 Brazil
8.2.4 Mexico
8.3 Europe
8.3.1 UK
8.3.2 France
8.3.3 Germany
8.3.4 Italy
8.3.5 Spain
8.3.6 Nordic Region
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 South Korea
8.4.4 Australia And New Zealand
8.4.5 Southeast Asia
8.4.6 India
8.5 Middle East & Africa
8.5.1 Saudi Arabia
8.5.2 South Africa
8.5.3 Uae
8.5.4 Turkey
8.5.5 Egypt
9 Vendors Profile
9.1 Google Inc.
9.1.1 Overview
9.1.2 Business Units
9.1.3 Geographic Revenue
9.1.4 Business Focus
9.1.5 Swot Analysis
9.1.6 Business Strategies
9.2 Microsoft Corporation
9.2.1 Overview
9.2.2 Business Focus
9.2.3 Swot Analysis
9.2.4 Business Strategies
9.3 Hewlett Packard Enterprise
9.3.1 Overview
9.3.2 Business Units
9.3.3 Geographic Revenue
9.3.4 Business Focus
9.3.5 Swot Analysis
9.3.6 Business Strategies
9.4 Apple Inc.
9.4.1 Overview
9.4.2 Business Units
9.4.3 Geographic Revenue
9.4.4 Business Focus
9.4.5 Swot Analysis
9.4.6 Business Strategies
10 Companies To Watch For
10.1 Ipsoft Inc.
10.1.1 Overview
10.1.2 Offerings:
10.2 Brighterion, Inc.
10.2.1 Overview
10.2.2 Offerings:
10.3 Inbenta Technologies Inc.
10.3.1 Overview
10.3.2 Offerings:
10.4 Narrative Science
10.4.1 Overview
10.4.2 Offerings:
10.5 Quandl Inc.
10.5.1 Overview
10.5.2 Offerings:
11 Mergers & Acquisitions
12 Competitive Landscape
12.1 Competitor Comparison Analysis
Global Iva Market Revenue By User Types, 2017–2023 ($Billion)
Table 2 Global Iva Market Revenue By User Types, 2017–2023 ($Billion)
Table 3 Enterprise Iva Market Revenue By Region, 2017–2023 ($Million)
Table 4 Consumer Iva Market Revenue By Region, 2017–2023 ($Million)
Table 5 Global Iva Market Revenue By Industry, 2017-2023 ($Million)
Table 6 Global Iva Market Growth By Industry, 2017-2023 (Y-O-Y) %
Table 7 Global Internet Penetration In 2017 (%)
Table 8 Global Iva Market Revenue By Regions, 2017–2023 ($Million)
Table 9 Global Iva Market Growth By Regions, 2017–2023, Y-O-Y (%)
Table 10 Americas Market Revenue By Countries, 2017-2023 ($Million)
Table 11 Americas Market Growth By Countries, 2017-2023 ($Million)
Table 12 Europe Market Revenue By Countries, 2017-2023 ($Million)
Table 13 Europe Market Growth By Countries, 2017-2023 ($Million)
Table 14 Asia Pacific Market Revenue By Countries, 2017-2023 ($Million)
Table 15 Asia Pacific Market Groeth By Countries, 2017-2023 ($Million)
Table 16 Mea Market Revenue By Countries, 2017-2023 ($Million)
Table 17 Europe Market Growth By Countries, 2017-2023 ($Million)
Table 18 Global Iva: Mergers & Acquisitions
Table 19 Global Iva: Funding
Chart 1 Pest Analysis Of Global Iva Market
Chart 2 Research Methodology Of Global Iva Market
Chart 3 Global Ai Market Revenue, 2017–2023 ($Billion)
Chart 4 Global Intelligent Virtual Assistant Market Revenue, 2017-2023 ($Billion)
Chart 5 Porter 5 Forces Global Iva Market
Chart 6 Evolution Of Intelligence Virtual Assistant
Chart 7 Ecosystem Of Iva Market
Chart 8 Market Segmentatation Of Global Iva Market
Chart 9 Market Dynamics – Drivers, Restraints And Opportunities
Chart 10 DRO - Impact Analysis Of Global Iva Market
Chart 1 Enterprise Iva Market Revenue, 2017–2023 ($Billion)
Chart 2 Consumer Iva Market Revenue, 2017–2023 ($Billion)
Chart 3 Global Market Shares Of Search Engines, 2017 (%)
Chart 4 Global Market Shares Of Mobile Centric Search Engines, 2017 (%)
Chart 5 Retail Market Revenue, 2017–2023 ($Million)
Chart 6 Healthcare Market Revenue, 2017–2023 ($Million)
Chart 7 Telecommunications Market Revenue, 2017–2023 ($Million)
Chart 8 Bfsi Market Revenue, 2017–2023 ($Million)
Chart 9 Automotive Market Revenue, 2017–2023 ($Million)
Chart 10 Media & Entertainment Market Revenue, 2017–2023 ($Million)
Chart 11 US Market Revenue, 2017–2023 ($Million)
Chart 12 Canada Market Revenue, 2017–2023 ($Million)
Chart 13 Brazil Market Revenue, 2017–2023 ($Million)
Chart 14 Mexico Market Revenue, 2017–2023 ($Million)
Chart 15 UK Market Revenue, 2017–2023 ($Million)
Chart 16 France Market Revenue, 2017–2023 ($Million)
Chart 17 Germany Market Revenue, 2017–2023 ($Million)
Chart 18 Italy Market Revenue, 2017–2023 ($Million)
Chart 19 Spain Market Revenue, 2017–2023 ($Million)
Chart 20 Nordic Region Market Revenue, 2017–2023 ($Million)
Chart 21 China Market Revenue, 2017–2023 ($Million)
Chart 22 Japan Market Revenue, 2017–2023 ($Million)
Chart 23 South Korea Market Revenue, 2017–2023 ($Million)
Chart 24 Australia & New Zealand Market Revenue, 2017–2023 ($Million)
Chart 25 Southeast Asia Market Revenue, 2017–2023 ($Million)
Chart 26 India Market Revenue, 2017–2023 ($Million)
Chart 27 Google Inc.: Overview Snapshot
Chart 28 Google Inc.: Business Units
Chart 29 Google Inc.: Geographic Revenue
Chart 30 Google Inc.: Swot Analysis
Chart 31 Microsoft: Overview Snapshot
Chart 32 Microsoft Swot Analysis
Chart 33 HP: Overview Snapshot
Chart 34 HP: Business Units
Chart 35 HP: Geographic Revenue
Chart 36 HP: Swot Analysis
Chart 37 Apple Inc.: Overview Snapshot
Chart 38 Apple: Business Units
Chart 39 Apple Inc.: Geographic Revenue
Chart 40 Apple Inc.: Swot Analysis
Chart 41 Global Iva: Competitive Landscape



Companies Mentioned

  • Apple

  • Brighterion Inc.

  • Google

  • HP

  • Inbenta Technologies Inc.

  • Microsoft

  • Narrative Science and Quandl Inc