Smart Virtual Personal Assistants Market Size & Share - Global Trends and Forecast Analysis, 2018-2025

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 5 Billion by 2025 at a CAGR of around 28% 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. 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.

In addition to this, 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.

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.

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
- Russia
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
Latin America
- Brazil
- Argentina
- Rest of Latin America
Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA

Smart Virtual Personal Assistants Market Size to Reach USD 5 Billion by 2025 | CAGR 28%

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, 2018-2025

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Smart Virtual Personal Assistants Market Size to Reach USD 5 Billion by 2025 | CAGR 28%

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