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Smart Virtual Personal Assistants Market Size to Reach USD 11.48 Billion by 2028 | CAGR 28.13%

Smart Virtual Personal Assistants Market by Type (Voice, Text/Online Chat, Taking and Uploading Pictures, Others), for Industry Vertical (E-Commerce Websites, Mobile Phones, Gaming Application, Online Portals, and Others) and Region - Global Trends and Forecast Analysis, 2021-2028

Publish Date: March 2021 | Format: PDF/Excel | Category: ICT | Pages :103

Smart Virtual Personal Assistants (VPA) use smart technology and act as smart advisors to give great experience to users. VPA’s are software agents that can provide services and perform task for individuals. It creates an interactive environment, which enables user to interact with the machine through text, voice and, image in the form of input.

The global smart virtual personal assistants market is projected to reach USD 11.48 Billion by 2028 at a CAGR of around 28.13% during the forecasted period. Advancements in artificial intelligence (AI) and internet of things (IOT) are the primary factors driving growth of virtual personal assistant market. Artificial intelligence combined with analytics is assisting humans in carrying out various tasks like scheduling work, alarms, reminders, etc. IOT is further driving the growth by creating an opportunity to have better machine to machine and machine to human interaction.

Smart Virtual Personal Assistants Market

Globally, the scope of VPS’s is growing wider that VPS’s combined with artificial intelligence are expected to provide contextual communication and the user interface (UI) would have conversational and haptic solutions. Also increase in usage of smart phones and rapid growth in social media traffic are helping users to know about benefits offered by virtual personal assistants. Automation of services and demand for digital technologies are also major driving factors for growth of smart virtual personal assistants market. Currently, personalization is on demand and is dominating the market thereby fuelling the growth of virtual personal assistants. Many advanced cars have advanced driver assistance system which are gaining popularity and these make automotive hold majority market share followed by IT and BFSI. Advent of SIRI for IPhone has attracted the customers to use personal assistant devices, which can recognize speech and reply accordingly.

On the basis of type, the global smart virtual personal assistants market is bifurcated into voice, text/online chat, taking and uploading pictures, and others. Among these types, voice is expected to have the largest market share in global smart virtual personal assistants market.

E-commerce websites, mobile phones, gaming application, online portals, and others are the industry verticals of the global smart virtual personal assistants market. E-commerce website segment is expected to have highest growth rate in global smart virtual personal assistants market.

Smart Virtual Personal Assistants Market Size

The smart virtual personal assistants market is analysed across North America, Europe, Latin America, Asia-Pacific, and Middle East & Africa. Currently, the smart virtual personal assistants market is being dominated by North America and is followed by Western Europe. In Asia-Pacific, smart virtual personal assistants market is expected to grow at an increased speed post 2022 in major countries like India, China, and Japan.

The report covered the detailed competitive analysis including company profiles of the major industry players operating in the global smart virtual personal assistants market. Key players profiled in the report are Creative Virtual Ltd., SK Telecom Co, Ltd., Facebook, Intel Corporation, Microsoft Corporation, IBM Corporation, Amazon.com, Inc., Apple Inc., Oracle Corporation, and Nuance Communications, Inc.

Report Attribute Report Scope
Historic Data 2018 - 2020
Base Year 2020
Forecast Period 2021 - 2028
Units Market Revenue in USD Million and CAGR in % from 2021 - 2028
Report Coverage Revenue Forecast, Competitive Landscape, Company Market Share, Market Growth Factors, and Future Trends
Segments Covered Type (Voice, Text/Online Chat, Taking and Uploading Pictures, Others) and Industry Vertical (E-Commerce Websites, Mobile Phones, Gaming Application, Online Portals, and Others)
Region North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Countries U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, China, Japan, India, Australia, South Korea, Brazil, Argentina, UAE, Saudi Arabia, South Africa
Major Companies Profiled Creative Virtual Ltd., SK Telecom Co, Ltd., Facebook, Intel Corporation, Microsoft Corporation, IBM Corporation, Amazon.com, Inc., Apple Inc., Oracle Corporation, and Nuance Communications, Inc

The report segments the global smart virtual personal assistants market as follows:

Smart Virtual Personal Assistants Market, Type Segment Analysis

  • Voice
  • Text/Online Chat
  • Taking and Uploading Pictures
  • Others

Smart Virtual Personal Assistants Market, Industry Vertical Segment Analysis

  • E-Commerce Websites
  • Mobile Phones
  • Gaming Application
  • Online Portals
  • Others

Smart Virtual Personal Assistants Market, Region Segment Analysis

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of Middle East & Africa

Frequently Asked Questions:
Answer: The global smart virtual personal assistants market was valued at USD 1.58 billion in 2020 and is projected to reach USD 11.48 billion by 2028.
The global smart virtual personal assistants market is expected to grow at a compound annual growth rate of 28.13% from 2021 to 2028.
The smart virtual personal assistants market is being dominated by North America and is followed by Western Europe.
Advancements in artificial intelligence (AI) and internet of things (IOT) are the primary factors driving growth of virtual personal assistant market. Artificial intelligence combined with analytics is assisting humans in carrying out various tasks like scheduling work, alarms, reminders, etc.
Some of the major players operating in the Smart Virtual Personal Assistants Market include Creative Virtual Ltd., SK Telecom Co, Ltd., Facebook, Intel Corporation, Microsoft Corporation, IBM Corporation, Amazon.com, Inc., Apple Inc., Oracle Corporation, and Nuance Communications, Inc

Chapter 1 Introduction

1.1. Research Objective

1.2. Market Introduction

1.3. Market Segmentation

1.4. Report Highlights

Chapter 2 Research Scope & Methodology

2.1. Report Scope

2.2. Market Research Methodology

2.2.1. Data Mining

2.2.2. Data Analysis

2.2.3. Data Validation

2.2.4. Secondary Research

2.2.5. Primary Research

2.2.6. Model

2.3. Market Size Estimation

Chapter 3 Executive Summary

Chapter 4 Smart Virtual Personal Assistants Market Size

4.1. Global Smart Virtual Personal Assistants Market Size (USD Billion) and Growth Rate (%) Analysis, 2018-2025

Chapter 5 Market Dynamics

5.1. Market Drivers

5.1.1. Global Smart Virtual Personal Assistants Market Drivers: Impact Analysis

5.1.2. Advancements in artificial intelligence (AI) and internet of things (IOT)

5.1.3. Increase in usage of smart phones and rapid growth in social media traffic

5.1.4. Automation of services and demand for digital technologies

5.2. Market Restrains

5.2.1. Global Smart Virtual Personal Assistants Market Restraints: Impact Analysis

5.2.2. Restraint 1

5.3. Market Opportunities

5.3.1. Opportunity 1

5.3.2. Opportunity 2

5.4. Value Chain Analysis

5.5. Porter's Five Forces Analysis

5.5.1. Threat of new entrants

5.5.2. Threat of substitutes

5.5.3. Bargaining power of customers

5.5.4. Bargaining power of suppliers

5.5.5. Industry rivalry

5.6. Regulatory Framework

5.7. Price Trend Analysis

Chapter 6 Smart Virtual Personal Assistants Market Analysis, by Type

6.1. Segment Overview

6.2. Smart Virtual Personal Assistants Market Share (%), by Type in 2019 & 2025

6.3. Market Attractiveness Analysis, by Type

6.4. Voice

6.4.1. Smart Virtual Personal Assistants Market Analysis by Voice, 2018-2025

6.5. Text/Online chat

6.5.1. Smart Virtual Personal Assistants Market Analysis by Text/Online chat, 2018-2025

6.6. Taking and uploading picture

6.6.1. Smart Virtual Personal Assistants Market Analysis by Taking and uploading picture, 2018-2025

6.7. Others

6.7.1. Smart Virtual Personal Assistants Market Analysis by Others, 2018-2025

Chapter 7 Smart Virtual Personal Assistants Market Analysis, by Industry Vertical

7.1. Segment Overview

7.2. Smart Virtual Personal Assistants Market Share (%), by Industry Vertical in 2019 & 2025

7.3. Market Attractiveness Analysis, by Industry Vertical

7.4. E-commerce Website

7.4.1. Smart Virtual Personal Assistants Market Analysis for E-commerce Website, 2018-2025

7.5. Mobile Phones

7.5.1. Smart Virtual Personal Assistants Market Analysis for Mobile Phones, 2018-2025

7.6. Gaming Application

7.6.1. Smart Virtual Personal Assistants Market Analysis for Gaming Application, 2018-2025

7.7. Online Portals

7.7.1. Smart Virtual Personal Assistants Market Analysis for Online Portals, 2018-2025

7.8. Others

7.8.1. Smart Virtual Personal Assistants Market Analysis for Other Industry Verticals, 2018-2025

Chapter 8 North America Smart Virtual Personal Assistants Market Analysis

8.1. North America Smart Virtual Personal Assistants Market Overview

8.2. North America Smart Virtual Personal Assistants Market Size, by Type, 2018-2025

8.2.1. Voice

8.2.2. Text/Online

8.2.3. Taking and uploading pictures

8.2.4. Others

8.3. North America Smart Virtual Personal Assistants Market Size, by Industry Vertical, 2018-2025

8.3.1. E-commerce Website

8.3.2. Mobile Phones

8.3.3. Gaming Application

8.3.4. Online Portals

8.3.5. Others

8.4. North America Smart Virtual Personal Assistants Market Size, by Country, 2018-2025

8.4.1. U.S.

8.4.2. Canada

8.4.3. Mexico

Chapter 9 Europe Smart Virtual Personal Assistants Market Analysis

9.1. Europe Smart Virtual Personal Assistants Market Overview

9.2. Europe Smart Virtual Personal Assistants Market Size, by Type, 2018-2025

9.2.1. Voice

9.2.2. Text/Online

9.2.3. Taking and uploading pictures

9.2.4. Others

9.3. Europe Smart Virtual Personal Assistants Market Size, by Industry Vertical, 2018-2025

9.3.1. E-commerce Website

9.3.2. Mobile Phones

9.3.3. Gaming Application

9.3.4. Online Portals

9.3.5. Others

9.4. Europe Smart Virtual Personal Assistants Market Size, by Country, 2018-2025

9.4.1. UK

9.4.2. Germany

9.4.3. France

9.4.4. Russia

9.4.5. Rest of Europe

Chapter 10 Asia Pacific Smart Virtual Personal Assistants Market Analysis

10.1. Asia Pacific Smart Virtual Personal Assistants Market Overview

10.2. Asia Pacific Smart Virtual Personal Assistants Market Size, by Type, 2018-2025

10.2.1. Voice

10.2.2. Text/Online

10.2.3. Taking and uploading pictures

10.2.4. Others

10.3. Asia Pacific Smart Virtual Personal Assistants Market Size, by Industry Vertical, 2018-2025

10.3.1. E-commerce Website

10.3.2. Mobile Phones

10.3.3. Gaming Application

10.3.4. Online Portals

10.3.5. Others

10.4. Asia Pacific Smart Virtual Personal Assistants Market Size, by Country, 2018-2025

10.4.1. China

10.4.2. Japan

10.4.3. India

10.4.4. South Korea

10.4.5. Australia

10.4.6. Rest of Asia Pacific

Chapter 11 Latin America Smart Virtual Personal Assistants Market Analysis

11.1. Latin America Smart Virtual Personal Assistants Market Overview

11.2. Latin America Smart Virtual Personal Assistants Market Size, by Type, 2018-2025

11.2.1. Voice

11.2.2. Text/Online

11.2.3. Taking and uploading pictures

11.2.4. Others

11.3. Latin America Smart Virtual Personal Assistants Market Size, by Industry Vertical, 2018-2025

11.3.1. E-commerce Website

11.3.2. Mobile Phones

11.3.3. Gaming Application

11.3.4. Online Portals

11.3.5. Others

11.4. Latin America Smart Virtual Personal Assistants Market Size, by Country, 2018-2025

11.4.1. Brazil

11.4.2. Argentina

11.4.3. Rest of Latin America

Chapter 12 Middle East & Africa Smart Virtual Personal Assistants Market Analysis

12.1. Middle East & Africa Smart Virtual Personal Assistants Market Overview

12.2. Middle East & Africa Smart Virtual Personal Assistants Market Size, by Type, 2018-2025

12.2.1. Voice

12.2.2. Text/Online

12.2.3. Taking and uploading pictures

12.2.4. Others

12.3. Middle East & Africa Smart Virtual Personal Assistants Market Size, by Industry Vertical, 2018-2025

12.3.1. E-commerce Website

12.3.2. Mobile Phones

12.3.3. Gaming Application

12.3.4. Online Portals

12.3.5. Others

12.4. Middle East & Africa Smart Virtual Personal Assistants Market Size, by Country, 2018-2025

12.4.1. Saudi Arabia

12.4.2. UAE

12.4.3. South Africa

12.4.4. Rest of MEA

Chapter 13 Competitive Landscape

13.1. Company Market Share Analysis, 2018

13.2. Competitive Scenario

13.2.1. New Product Launches

13.2.2. Regional Expansion and R&D Investments

13.2.3. Merger and Acquisitions

Chapter 14 Company Profiles

14.1. Creative Virtual Ltd

14.1.1. Company Details

14.1.2. Business Overview

14.1.3. Product Portfolio

14.1.4. Financials

14.1.5. Recent Developments

14.2. SK Telecom Co, Ltd.

14.2.1. Company Details

14.2.2. Business Overview

14.2.3. Product Portfolio

14.2.4. Financials

14.2.5. Recent Developments

14.3. Facebook

14.3.1. Company Details

14.3.2. Business Overview

14.3.3. Product Portfolio

14.3.4. Financials

14.3.5. Recent Developments

14.4. Intel Corporation

14.4.1. Company Details

14.4.2. Business Overview

14.4.3. Product Portfolio

14.4.4. Financials

14.4.5. Recent Developments

14.5. Microsoft Corporation

14.5.1. Company Details

14.5.2. Business Overview

14.5.3. Product Portfolio

14.5.4. Financials

14.5.5. Recent Developments

14.6. IBM Corporation

14.6.1. Company Details

14.6.2. Business Overview

14.6.3. Product Portfolio

14.6.4. Financials

14.6.5. Recent Developments

14.7. Amazon.com, Inc.

14.7.1. Company Details

14.7.2. Business Overview

14.7.3. Product Portfolio

14.7.4. Financials

14.7.5. Recent Developments

14.8. Apple Inc.

14.8.1. Company Details

14.8.2. Business Overview

14.8.3. Product Portfolio

14.8.4. Financials

14.8.5. Recent Developments

14.9. Oracle Corporation

14.9.1. Company Details

14.9.2. Business Overview

14.9.3. Product Portfolio

14.9.4. Financials

14.9.5. Recent Developments

14.10. Nuance Communications, Inc.

14.10.1. Company Details

14.10.2. Business Overview

14.10.3. Product Portfolio

14.10.4. Financials

14.10.5. Recent Developments

List of Tables

Table 1 Global Smart Virtual Personal Assistants Market Drivers: Impact Analysis

Table 2 Global Smart Virtual Personal Assistants Market Restraints: Impact Analysis

Table 3 North America Smart Virtual Personal Assistants Market Size (USD Billion), by Type, 2018-2025

Table 4 North America Smart Virtual Personal Assistants Market Size (USD Billion), by Industry Vertical, 2018-2025

Table 5 North America Smart Virtual Personal Assistants Market Size (USD Billion), by Country, 2018-2025

Table 6 Europe Smart Virtual Personal Assistants Market Size (USD Billion), by Type, 2018-2025

Table 7 Europe Smart Virtual Personal Assistants Market Size (USD Billion), by Industry Vertical, 2018-2025

Table 8 Europe Smart Virtual Personal Assistants Market Size (USD Billion), by Country, 2018-2025

Table 9 Asia Pacific Smart Virtual Personal Assistants Market Size (USD Billion), by Type, 2018-2025

Table 10 Asia Pacific Smart Virtual Personal Assistants Market Size (USD Billion), by Industry Vertical, 2018-2025

Table 11 Asia Pacific Smart Virtual Personal Assistants Market Size (USD Billion), by Country, 2018-2025

Table 12 Latin America Smart Virtual Personal Assistants Market Size (USD Billion), by Type, 2018-2025

Table 13 Latin America Smart Virtual Personal Assistants Market Size (USD Billion), by Industry Vertical, 2018-2025

Table 14 Latin America Smart Virtual Personal Assistants Market Size (USD Billion), by Country, 2018-2025

Table 15 Middle East & Africa Smart Virtual Personal Assistants Market Size (USD Billion), by Type, 2018-2025

Table 16 Middle East & Africa Smart Virtual Personal Assistants Market Size (USD Billion), by Industry Vertical, 2018-2025

Table 17 Middle East & Africa Smart Virtual Personal Assistants Market Size (USD Billion), by Country, 2018-2025

List of Figures

Figure 1 Market Research Methodology

Figure 2 Global Smart Virtual Personal Assistants Market Size and Growth Rate Analysis, 2018-2025

Figure 3 Value Chain Analysis

Figure 4 Porter's Five Forces Analysis

Figure 5 Price Trend Analysis

Figure 6 Smart Virtual Personal Assistants Market Share (%), by Type in 2019 & 2025

Figure 7 Smart Virtual Personal Assistants Market Share (%), by Type in 2019 & 2025

Figure 8 Market Attractiveness Analysis, by Type

Figure 9 Smart Virtual Personal Assistants Market Size, by Voice, 2018-2025

Figure 10 Smart Virtual Personal Assistants Market Size, by text/Online, 2018-2025

Figure 11 Smart Virtual Personal Assistants Market Size, by taking and uploading pictures, 2018-2025

Figure 12 Smart Virtual Personal Assistants Market Size, by others, 2018-2025

Figure 13 Smart Virtual Personal Assistants Market Share (%), by Industry Vertical in 2019 & 2025

Figure 14 Market Attractiveness Analysis, by Industry Vertical

Figure 15 Smart Virtual Personal Assistants Market Size, for E-commerce websites, 2018-2025

Figure 16 Smart Virtual Personal Assistants Market Size, for Mobile Phones, 2018-2025

Figure 17 Smart Virtual Personal Assistants Market Size, for Gaming Application, 2018-2025

Figure 18 Smart Virtual Personal Assistants Market Size, for Online Portals, 2018-2025

Figure 19 Smart Virtual Personal Assistants Market Size, for Others, 2018-2025

Figure 20 North America Smart Virtual Personal Assistants Market Size, 2018-2025

Figure 21 Europe Smart Virtual Personal Assistants Market Size, 2018-2025

Figure 22 Asia Pacific Smart Virtual Personal Assistants Market Size, 2018-2025

Figure 23 Latin America Smart Virtual Personal Assistants Market Size, 2018-2025

Figure 24 Middle East & Africa Smart Virtual Personal Assistants Market Size, 2018-2025

Figure 25 Company Market Share (%), 2018

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