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Intelligent Virtual Assistant Market Analysis By Type, By Service, By Application, By End-Use And Segment Forecasts To 2024NEW YORK, Sept. 27, 2016 /PRNewswire/ -- In a ReportLinker Review, the global Intelligent Virtual Assistant (IVA) market size is expected to reach USD 12.28 billion by 2024. Demand for online self-service and growing need for self-reliance and rapid resolution of queries are expected to be the primary contributors to market growth. Online websites have become the preferred service channel for consumers gathering information, resolve issues, as well as make purchasing decisions are anticipated to drive the IVA market over the forecast period. BFSI is estimated to be a largest application segment in 2015, which is estimated to grow at a CAGR of over 35% from 2016 to 2024 owing to increased penetration of virtual assistants across the segment. Increasing penetration of smartphones and tablets is resulting in high growth in mobile banking, has become a crucial differentiator in consumer service. Banks benefits from the virtual agents by providing round the clock services and automating routine services boosting consumer satisfaction and reducing inbound calls. North America has the significant market share of over 38% in 2015 owing the high proliferation of internet services and mobile phones. Additionally, these regions are home to a large number of key participants offering advanced solutions to several segments such as BFSI, automotive and healthcare, among others. Emerging markets of Asia Pacific, MEA and Latin America are expected to exhibit high growth, primarily due to surge in mobility in countries including India, Brazil and China. Key industry participants include [24]7 Customer Inc., Anboto Group, Apple Inc., Artificial Solutions, Clara Labs, CodeBaby Corp., Creative Virtual Ltd., CX Company, eGain Communications, Eidoserve Inc., Existor, Google, IBM Corporation, Intel Corporation, InteliWISE S.A., Microsoft Corporation, Next IT Corporation, Nuance Communications, Oracle Corporation, Speaktoit Inc., Synthetix Ltd., and ViClone Corporation. Owing to the intense competition, the key companies and several new entrants have established cooperative relationships among themselves or with third parties to increase the ability of their technologies to address the needs of the prospective customers. Read the full report: http://www.reportlinker.com/p04144303-summary/view-report.html About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. http://www.reportlinker.com __________________________ To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/intelligent-virtual-assistant-market-analysis-by-type-by-service-by-application-by-end-use-and-segment-forecasts-to-2024-300335331.html SOURCE Reportlinker |