Global Intelligent Virtual Assistant Market Size, Status and Forecast 2022

An intelligent virtual assistant is an engineered entity residing in software that interfaces with humans in a human way. This technology incorporates elements of interactive voice response and other modern artificial intelligence projects to deliver full-fledged “virtual identities” that converse with users.
The conversational AI-based IVAs accounted for the highest share in 2017. This is mainly because AI-based IVAs have the ability to learn by itself with the help of deep learning, NLP, and neural networks. Rule-based IVAs can answer basic and limited types of queries.

Market Analysis and Insights: Global Intelligent Virtual Assistant Market
The global Intelligent Virtual Assistant market size is projected to reach US$ 4089.1 million by 2027, from US$ 1307.2 million in 2020, at a CAGR of 17.2% during 2021-2027.
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Global Intelligent Virtual Assistant Scope and Market Size
Intelligent Virtual Assistant market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Intelligent Virtual Assistant market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.

Segment by Type
Rule Based
Conversational AI Based

Segment by Application
Consumer Electronics
BFSI
Healthcare
Education
Retail
Government
Utilities
Travel and Hospitality
Others

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

By Company
Microsoft
Nuance
Samsung Electronics
Alphabet
Apple
Amazon
IBM
Baidu
Blackberry
Inbenta Technologies
Facebook
Cognitive Code
Artificial Solutions
Unified Computer Intelligence
Mycroft Ai