What is an intelligent virtual assistant? What is future of intelligent virtual assistant?

What is an intelligent virtual assistant?

It is is an artificial intelligence system that emulates human interaction to perform particular tasks, like customer service. 

How intelligent virtual assistant Works?

The software uses a device’s microphone to receive voice requests while the voice output takes place at the speaker. Then this data is compared with a database of the software using an innovative algorithm to find a suitable answer

What is future of intelligent virtual assistant?

The global Intelligent Virtual Assistant (IVA) market was valued USD 1005.2 million in 2016 and is anticipated to grow at a CAGR of 36.7% during forecast period as the scope and its applications are rising enormously across the globe.

How intelligent virtual assistant is superior

Intelligent virtual assistants (IVA) are also termed, as a smart virtual assistant or intelligent personal assistant is a software that interacts with humans by understanding natural language voice commands and perform a task for a user. It understands information in written or spoken words.

“The factors that are playing a major role in the growth of intelligent virtual assistant industry are high demand for online self-service and self-reliance, cost-efficient service, rising use of smartphones, high demand for intelligent virtual assistant software in large enterprises and rising technological innovations.”
intelligent virtual assistant

The factors that are playing a major role in the growth of intelligent virtual assistant industry are high demand for online self-service and self-reliance, cost-efficient service, rising use of smartphones, high demand for intelligent virtual assistant software in large enterprises and rising technological innovations. However, lack of knowledge may restrain overall market growth in the years to come. IVA market is segmented based on type, service, application, end-user, and region.

Text-to-speech recognition and speech recognition are the types that are explored in intelligent virtual assistant (IVA) industry. Speech recognition sector accounted for the substantial market share of intelligent virtual assistant and is estimated to lead overall market in the years to come. Also, the sector is estimated to grow at highest CAGR in the years to come. The reason could be high demand among consumers as it makes easier to interact with smartphone and its application.

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Based on service type, marketing assistant, customer service, and others classify intelligent virtual assistant market. Marketing assistant sector accounted for the significant market share of intelligent virtual assistant and is estimated to lead overall market in the years to come.

The IVA industry is categorized based on applications like education, BFSI, healthcare, automotive, retail, IT & telecom, and others. BFSI sector accounted for substantial market share of intelligent virtual assistant and is estimated to lead overall market in the years to come. The reason could be it saves time and is easy to use. Also, automotive sector is estimated to grow at the fastest pace in the years to come.

Based on end-users, intelligent virtual assistant market is classified into individual user, small and medium enterprise (SME), large enterprise, and others. Large enterprises sector accounted for the significant market share of intelligent virtual assistant and is estimated to lead overall market in the years to come. Also, small and medium enterprise (SME) sector is estimated to grow at the fastest pace in the years to come.

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Globally, North America accounted for the substantial market share of intelligent virtual assistant and is estimated to lead overall market in the years to come. The reason behind overall market growth could be the rising use of enhanced technology, presence of developed IT infrastructure and key providers in the region, and high demand from the end-users. The United States is a major consumer of intelligent virtual assistant in the region.

Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The developing countries like India and China are the major consumers of intelligent virtual assistant in this region.

The key players of intelligent virtual assistant (IVA) industry are Google LLC, Apple, Nuance Communications, Artificial Solutions, Microsoft Corporation, Facebook, Intel Corporation, Creative Virtual, IBM Corporation, and Oracle Corporation. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.

Market Segment:

Type Outlook (Revenue, USD Million, 2014 – 2024)
    • Speech Recognition
    • Test-to-Speech Recognition

Service Outlook (Revenue, USD Million, 2014 – 2024)
    • Customer Service
    • Marketing Assistant

Application Outlook (Revenue, USD Million, 2014 – 2024)
    • BFSI
    • Automotive
    • IT & Telecom
    • Retail
    • Healthcare
    • Education
    • Others

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Global Robotic Welding Market Will Generate Opportunities By Using Artificial Intelligence | Fanuc, Yaskawa, Panasonic

Apr 13, 2020: Robotic Welding is a challenging combination of welding, robotics, sensor technology, control systems and artificial intelligence. In the context of China-US trade war and global economic volatility and uncertainty, it will have a big influence on this market. Robotic Welding Report by Material, Application, and Geography – Global Forecast to 2023 is a professional and comprehensive research report on the world’s major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, United Kingdom, Japan, South Korea and China).

In this report, the global Robotic Welding market is valued at USD XX million in 2020 and is projected to reach USD XX million by the end of 2024, growing at a CAGR of XX% during the period 2020 to 2024.

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The report firstly introduced the Robotic Welding basics: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures, raw materials and so on. Then it analyzed the world’s main region market conditions, including the product price, profit, capacity, production, supply, demand and market growth rate and forecast etc. In the end, the report introduced new project SWOT analysis, investment feasibility analysis, and investment return analysis.

The major players profiled in this report include:

• Fanuc

• Yaskawa

• Panasonic

• Kuka

• ABB

• Kawasaki

The end users/applications and product categories analysis:

On the basis of product, this report displays the sales volume, revenue (Million USD), product price, market share and growth rate of each type, primarily split into-

• Spot Welding

• Arc Welding

On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume, market share and growth rate of Robotic Welding for each application, including-

• Automotive & Transportation

• Electrical & Electronics

• Metals & Machinery

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Table of Contents

Part I Robotic Welding Industry Overview

Chapter One Robotic Welding Industry Overview

1.1 Robotic Welding Definition

1.2 Robotic Welding Classification Analysis

1.2.1 Robotic Welding Main Classification Analysis

1.2.2 Robotic Welding Main Classification Share Analysis

1.3 Robotic Welding Application Analysis

1.3.1 Robotic Welding Main Application Analysis

1.3.2 Robotic Welding Main Application Share Analysis

1.4 Robotic Welding Industry Chain Structure Analysis

1.5 Robotic Welding Industry Development Overview

1.5.1 Robotic Welding Product History Development Overview

1.5.1 Robotic Welding Product Market Development Overview

1.6 Robotic Welding Global Market Comparison Analysis

1.6.1 Robotic Welding Global Import Market Analysis

1.6.2 Robotic Welding Global Export Market Analysis

1.6.3 Robotic Welding Global Main Region Market Analysis

1.6.4 Robotic Welding Global Market Comparison Analysis

1.6.5 Robotic Welding Global Market Development Trend Analysis

Chapter Two Robotic Welding Up and Down Stream Industry Analysis

2.1 Upstream Raw Materials Analysis

2.1.1 Proportion of Manufacturing Cost

2.1.2 Manufacturing Cost Structure of Robotic Welding Analysis

2.2 Down Stream Market Analysis

2.2.1 Down Stream Market Analysis

2.2.2 Down Stream Demand Analysis

2.2.3 Down Stream Market Trend Analysis

Part II Asia Robotic Welding Industry (The Report Company Including the Below Listed But Not All)

Chapter Three Asia Robotic Welding Market Analysis

3.1 Asia Robotic Welding Product Development History

3.2 Asia Robotic Welding Competitive Landscape Analysis

3.3 Asia Robotic Welding Market Development Trend

Chapter Four 2015-2020 Asia Robotic Welding Productions Supply Sales Demand Market Status and Forecast

4.1 2015-2020 Robotic Welding Production Overview

4.2 2015-2020 Robotic Welding Production Market Share Analysis

4.3 2015-2020 Robotic Welding Demand Overview

4.4 2015-2020 Robotic Welding Supply Demand and Shortage

4.5 2015-2020 Robotic Welding Import Export Consumption

4.6 2015-2020 Robotic Welding Cost Price Production Value Gross Margin

Continued……………..


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