Market Overview:
The global smart virtual personal assistants market is expected to grow at a CAGR of xx% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for voice-based virtual assistants and the growing integration of virtual assistants with various applications. Based on type, the global smart virtual personal assistants market can be segmented into text/ online chat, voice, and integrate. The voice-based segment is expected to grow at a higher CAGR during the forecast period as compared to other segments owing to its growing demand for hands-free operations. Based on application, the global smart virtual personal assistants market can be divided into ecommerce, online portals, mobile phones, translation devices, gaming applications,, and navigation tools.
Product Definition:
Smart Virtual Personal Assistants are computer programs that can be used to help manage personal tasks and schedules. They are important because they can help people organize their lives and work more efficiently.
Text/ Online Chat:
Text/Online Chat is a real-time two way communication between the customer and the service provider. It's an interactive form of text messaging that allows customers to interact with businesses, brands or organizations through their mobile phones or computers. The Text/ Online Chat software offers several advantages such as it saves time & costs for both business & consumer; it increases brand awareness; improves customer retention rates; and reduces marketing expenses by eliminating paper work, traveling etc.
Voice:
Voice is the most used input mechanism among all other inputs and it's also one of the primary means by which humans interact with smart virtual personal assistants. Voice has been a primary mode of interaction for both human-to-machine and machine-to-machine communication. It helps in enhancing user experience as well as increases productivity, especially in voice activated applications such as Google Now, S Voice etc.
Application Insights:
The e-commerce segment dominated the global smart virtual personal assistants market in 2017. The growth of this segment can be attributed to the increasing use of SVPAs by online retailers for customer support, order processing and payment solutions. Furthermore, these devices help customers with product information and recommendations based on their interests. Moreover, companies are also focusing on developing innovative ways to utilize these devices through chatbots for providing better customer experience during shopping as well as after purchasing products from online stores.
The gaming application segment is expected to register a significant CAGR over the forecast period owing to rising demand from consumers for voice interaction via SVPAs while playing games or using other applications on their smartphones or tablets.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to retain its dominance over the forecast period as well, owing to high demand for VPA from U.S.-based enterprises and consumers. Asia Pacific is projected to be the fastest-growing regional market during the same period on account of increasing penetration of smartphones and rising adoption of cloud services in countries such as China, Japan, South Korea, India and Australia among others. Moreover, these countries are also considered as early adopters for virtual assistants due to technological advancements being made at a faster pace compared with other regions across the globe thus making them more suitable for testing out various innovative applications that can be integrated into a virtual assistant's functionality set or featureset before they are launched globally thereby resulting in an increased demand within APAC region itself further driving growth across all major verticals including e-commerce & online portals; mobile phones; translation devices; gaming application etc.;).
Growth Factors:
- Increasing demand for voice-activated virtual assistants from the consumer electronics sector
- Proliferation of low-cost smart speakers and virtual assistant devices
- Growing demand for Smart Virtual Personal Assistants in the BFSI sector to manage customer interactions and transactions
- Increasing adoption of Smart Virtual Personal Assistants by small and medium businesses to improve their efficiency and productivity
- Rising popularity of artificial intelligence-powered virtual assistants
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Virtual Personal Assistants Market Research Report
By Type
Text/ Online Chat, Voice, Integrate
By Application
E-commerce, Online Portals, Mobile Phones, Translation Devices, Gaming Application, Navigation Tools
By Companies
Apple, Artificial Solutions, SK Telecom, Intel Corporation, IBM Corporation, 24me, Amazon.com, Oracle Corporation, Creative Virtual, Facebook, Microsoft Corporation, Nuance Communications, InteliWISE
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Smart Virtual Personal Assistants Market Report Segments:
The global Smart Virtual Personal Assistants market is segmented on the basis of:
Types
Text/ Online Chat, Voice, Integrate
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
E-commerce, Online Portals, Mobile Phones, Translation Devices, Gaming Application, Navigation Tools
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Apple
- Artificial Solutions
- SK Telecom
- Intel Corporation
- IBM Corporation
- 24me
- Amazon.com
- Oracle Corporation
- Creative Virtual
- Facebook
- Microsoft Corporation
- Nuance Communications
- InteliWISE
Highlights of The Smart Virtual Personal Assistants Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Text/ Online Chat
- Voice
- Integrate
- By Application:
- E-commerce
- Online Portals
- Mobile Phones
- Translation Devices
- Gaming Application
- Navigation Tools
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Smart Virtual Personal Assistants Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Smart Virtual Personal Assistants are computer programs that can provide assistance to people with disabilities. They can help people with tasks such as finding information, making appointments, and managing their finances.
Some of the major players in the smart virtual personal assistants market are Apple, Artificial Solutions, SK Telecom, Intel Corporation, IBM Corporation, 24me, Amazon.com, Oracle Corporation, Creative Virtual, Facebook, Microsoft Corporation, Nuance Communications, InteliWISE.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Virtual Personal Assistants Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Smart Virtual Personal Assistants Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Virtual Personal Assistants Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Smart Virtual Personal Assistants Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Smart Virtual Personal Assistants Market Size & Forecast, 2018-2028
4.5.1 Smart Virtual Personal Assistants Market Size and Y-o-Y Growth
4.5.2 Smart Virtual Personal Assistants Market Absolute $ Opportunity
Chapter 5 Global Smart Virtual Personal Assistants Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Smart Virtual Personal Assistants Market Size Forecast by Type
5.2.1 Text/ Online Chat
5.2.2 Voice
5.2.3 Integrate
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Smart Virtual Personal Assistants Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Smart Virtual Personal Assistants Market Size Forecast by Applications
6.2.1 E-commerce
6.2.2 Online Portals
6.2.3 Mobile Phones
6.2.4 Translation Devices
6.2.5 Gaming Application
6.2.6 Navigation Tools
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Virtual Personal Assistants Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Smart Virtual Personal Assistants Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Smart Virtual Personal Assistants Analysis and Forecast
9.1 Introduction
9.2 North America Smart Virtual Personal Assistants Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Smart Virtual Personal Assistants Market Size Forecast by Type
9.6.1 Text/ Online Chat
9.6.2 Voice
9.6.3 Integrate
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Smart Virtual Personal Assistants Market Size Forecast by Applications
9.10.1 E-commerce
9.10.2 Online Portals
9.10.3 Mobile Phones
9.10.4 Translation Devices
9.10.5 Gaming Application
9.10.6 Navigation Tools
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Smart Virtual Personal Assistants Analysis and Forecast
10.1 Introduction
10.2 Europe Smart Virtual Personal Assistants Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Smart Virtual Personal Assistants Market Size Forecast by Type
10.6.1 Text/ Online Chat
10.6.2 Voice
10.6.3 Integrate
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Smart Virtual Personal Assistants Market Size Forecast by Applications
10.10.1 E-commerce
10.10.2 Online Portals
10.10.3 Mobile Phones
10.10.4 Translation Devices
10.10.5 Gaming Application
10.10.6 Navigation Tools
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Smart Virtual Personal Assistants Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Smart Virtual Personal Assistants Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Smart Virtual Personal Assistants Market Size Forecast by Type
11.6.1 Text/ Online Chat
11.6.2 Voice
11.6.3 Integrate
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Smart Virtual Personal Assistants Market Size Forecast by Applications
11.10.1 E-commerce
11.10.2 Online Portals
11.10.3 Mobile Phones
11.10.4 Translation Devices
11.10.5 Gaming Application
11.10.6 Navigation Tools
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Smart Virtual Personal Assistants Analysis and Forecast
12.1 Introduction
12.2 Latin America Smart Virtual Personal Assistants Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Smart Virtual Personal Assistants Market Size Forecast by Type
12.6.1 Text/ Online Chat
12.6.2 Voice
12.6.3 Integrate
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Smart Virtual Personal Assistants Market Size Forecast by Applications
12.10.1 E-commerce
12.10.2 Online Portals
12.10.3 Mobile Phones
12.10.4 Translation Devices
12.10.5 Gaming Application
12.10.6 Navigation Tools
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Smart Virtual Personal Assistants Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Smart Virtual Personal Assistants Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Smart Virtual Personal Assistants Market Size Forecast by Type
13.6.1 Text/ Online Chat
13.6.2 Voice
13.6.3 Integrate
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Smart Virtual Personal Assistants Market Size Forecast by Applications
13.10.1 E-commerce
13.10.2 Online Portals
13.10.3 Mobile Phones
13.10.4 Translation Devices
13.10.5 Gaming Application
13.10.6 Navigation Tools
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Smart Virtual Personal Assistants Market: Competitive Dashboard
14.2 Global Smart Virtual Personal Assistants Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Apple
14.3.2 Artificial Solutions
14.3.3 SK Telecom
14.3.4 Intel Corporation
14.3.5 IBM Corporation
14.3.6 24me
14.3.7 Amazon.com
14.3.8 Oracle Corporation
14.3.9 Creative Virtual
14.3.10 Facebook
14.3.11 Microsoft Corporation
14.3.12 Nuance Communications
14.3.13 InteliWISE
