Acknowledging the kind of traction gained by this market, recently published a study report asserts the Lab Furniture market is expected to reach USD 2247.5 million by 2027, registering a phenomenal CAGR of 34.8% during the review period (2022 to 2027).
Intelligent Personal Assistant Market Overview
The global intelligent virtual assistant market reached a value of US$ 6.27 Billion in 2021. Looking forward, the producer expects the market to reach US$ 40.95 Billion by 2027, exhibiting at a CAGR of 34.8% during 2022-2027. Keeping in mind the doubts of COVID-19, we are continuously tracking and assessing the direct as well as the indirect effect of the epidemic on dissimilar end use sectors. These visions are comprised in the report as a major market contributor.An intelligent personal assistant is a software which performs various tasks on behalf of the user depending on the given command. It is used in various electronic gadgets like smartphones, tablets in which various services are provided in a customized manner. With increasing advancement in technology and increasing responsiveness amongst people about advanced technology. Now, everyone uses electronic gadgets in one way or the other. The present generation is more technology-driven and hence there is a significant increase in the intelligent personal assistant market share globally. In the case of the android platform, Google is used as an intelligent personal assistant while in the case of the iOS platform Siri is used as an intelligent personal assistant.
The need for better efficiency across service-based businesses and the mixing of Artificial Intelligence (AI) powered virtual assistants among various devices such as tablets, computers, and smartphones, amongst others, is forecast to enhancement the market growth. An Intelligent Virtual Assistant (IVA) is capable of fulfilling a wide variety of customer service roles such as ease to navigate, offer product info, assist customers in paying bills, and carry out handovers or complete forms, and direct problem queries to human agents in customer service. Such factors are prompting banking and economic organization across the world to integrate virtual supporters, leading to industry growth.
Who are the Major Players in Intelligent Personal Assistant Market?
The global Intelligent Personal Assistant Market includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include Google Inc (US), Apple Inc (US), Microsoft (US), Amazon (US), Five9, Artificial Solutions (Spain), IBM (US), AOL (US), Nuance (US), Facebook Inc (US).
Industry News and Development:
May 10, 2022: Epidemic Sound Launches AI Audio-Based Search Tool on Google Cloud
Epidemic Sound, the market-leading service for direct licensing of royalty-free music, announced Epidemic Audio Reference (EAR), an audio-based search tool running on Google Cloud that will help content creators quickly and easily find music for their productions.
April 7, 2022: Microsoft announces next step in Atlanta campus development
Microsoft Corp. announced the planning team that will help ensure community feedback is incorporated at the start of the company’s 90-acre land development on the west side of Atlanta. As part of the company’s commitment to building enduring foundations in the region
What are the major Applications, Types and Regions for Intelligent Personal Assistant Market?
The intelligent Personal Assistant Market is segmented based on the Type, Applications and Regions.
By Type, it is segmented into
- Voice Recognition
- Natural Language Processing
- Deep Learning
By Applications, it is segmented into
- Smartphone
- Tablets & Computers
Intelligent Personal Assistant Market Regional Analysis
North America currently leads the global Intelligent Virtual Assistant market with a share of more than 39.2%. Growing developments in Bring Your Own Device (BYOD) have contributed to the rise of distance work. Working from a distance gives employees flexibility and facilitates the use of an intelligent virtual assistant to speed up the assigned job. These further drives efficiency and productivity in the overall work. Similarly, the region's healthcare industry has recognized the advantages of intelligent virtual assistants, and is focused on increasing the performance of healthcare systems.
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
What is our Intelligent Personal Assistant Market report scope?
Report Attributes
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Report Details
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Forecast Period 2022 to 2028 CAGR
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CAGR of 34.8% during the review period (2022 to 2027).
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By Type
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- Voice Recognition
- Natural Language Processing
- Deep Learning
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By Application
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- Smartphone
- Tablets & Computers
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By Companies
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Google Inc (US), Apple Inc (US), Microsoft (US), Amazon (US), Five9, Artificial Solutions (Spain), IBM (US), AOL (US), Nuance (US), Facebook Inc (US).
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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119
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Intelligent Personal Assistant Report
- Evaluate Intelligent Personal Assistant market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
- Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
- Analyze the sales and distribution channels across geographies to enhance top-line revenues.
- Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Intelligent Personal Assistant market entropy - M&A's, deals, partnerships, product launches of all key players for the past 5 years.
- Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
Frequently Asked Question -
What is the study period of this market?
The Intelligent Personal Assistant Market is studied from 2022-2027.
Who are the prominent players in the Intelligent Personal Assistant Market?
Google Inc (US), Apple Inc (US), Microsoft (US), Amazon (US), Five9, Artificial Solutions (Spain), IBM (US), AOL (US), Nuance (US), Facebook Inc (US).
Which region held the largest share in the Intelligent Personal Assistant Market?
United States, Europe, China, Japan, Southeast Asia, India and Rest of World
What are the significant types of Intelligent Personal Assistant Market?
Voice Recognition, Natural Language Processing, Deep Learning
What are the major end-use applications of Intelligent Personal Assistant Market?
Smartphone, Tablets & Computers
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
