Smart Virtual Personal Assistants Market
is expected to display higher growth rate over the next seven years. Rapid
surge in smart virtual personal assistants (VPA) industry is credited to the
rising sales of smart phones across the globe, and growing focus towards M2M
(machine to machine) and M2H (machine to human) interaction services.
Increasing popularity of strong analytic solutions to assist humans in various
day to day activities and launch of virtual personal assistant-enabled smart
devices are expected to drive the market growth of smart virtual personal
assistants over the forecast period.
Rising demand for smart virtual personal assistants to carry
out e-mail management process, generating reminders alarms, priorities &
scheduling work, etc. is further propelling the growth of smart virtual
personal assistants market over the past few years. Furthermore, growing
popularity of virtual personal assistants in emerging economies is key factor
fostering market growth over the forecast period. Globally, smart virtual
personal assistants industry is predicted to generate massive revenue over the
next seven years, providing numerous opportunities for industry participants to
invest in research and development of smart virtual personal assistants.
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Smart virtual personal assistants also referred as a dialog
system or chat bot, is a type of system that is meant to interact with humans
along with a comprehensible structure or framework. These systems are equipped
with transcript, vice-enabled, visuals, haptics, gesticulates and other type of
interaction between input and output channels. The commonly utilized graphical
user interfaces (GUIs) provide dialog in trivial state in comparison with the
fully fledged conversational providing numerous advantages over typical GUI
wizard systems.
The smart virtual personal assistants (VPA) market is
broadly categorized into major segments based on the application type such as
e-commerce website, mobile apps, online portals, mobile phones, translation
devices, gaming application and navigation tools. E-commerce website segment is
growing rapidly in the smart virtual personal assistants industry with
substantial revenue generation in the last few years.
The smart virtual personal assistants market is divided by
region as North America, Europe, Asia-Pacific, Latin America and Africa. North
America has shown major growth in recent years owing to the rise in
implementation of latest technologies, surge in number of research &
development activities and existence of well-established IT infrastructure in
the region. In European region, Germany, France, and United Kingdom are
projected to witness steady growth.
Asia-Pacific region is estimated to hold a major market
share in the smart virtual personal assistants with massive growth in forecast
period. Countries such as India, China and Singapore are leading the
Asia-Pacific market with strong economic growth, rising smart phone
penetration, development of several smart phone devices such as tablets,
laptops, wearable electronic devices and smart home devices, and significant
investment by leading industry players considering potential growth
opportunities in the region.
The key players in the smart virtual personal assistants
industry are Amazon.com, Inc., Apple Inc., Oracle Corp., Artificial Solutions,
Inc., Creative Virtual Ltd., SK Telecom Co., Ltd., Facebook, Inc., Intel Corp.,
Microsoft Corp., IBM Corp., Nuance Communications, Inc., 24me Ltd., and
InteliWISE S.A.
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On the basis of
product, this report displays the production, revenue, price, market share and
growth rate of each type, primarily split into
• Voice
• Text/Online Chat
• Taking and Uploading Pictures
• Others
On the basis on the
end users/applications, this report focuses on the status and outlook for major
applications/end users, consumption (sales), market share and growth rate of
Smart Virtual Personal Assistants for each application, including
• Mobile Phones
• Gaming Application
• E-Commerce Website
• Online Portals
• Translation Devices
• Navigation Tools
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