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

Sprint Stat Research has published a new report titled “Smart Virtual Personal Assistants Market - Global Trends and Forecast Analysis, 2018-2025”. According to Analysts at Sprint Stat Research, the global smart virtual personal assistants market was valued at USD 1 Billion in 2018 and is projected to reach USD 5 Billion by 2025, at a growth rate of 28% in 2019-2025.

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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. 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 is segmented based on type, industry vertical, and region. 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. Various industry verticals analysed in the global smart virtual personal assistants market report are e-commerce websites, mobile phones, gaming application, online portals, and others. The smart virtual personal assistants market has analysed across the five regions including, North America, Europe, Asia Pacific, Latin America, and Middle East & Africa with its major countries.

Major 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.

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This research report provides in-depth assessment of smart virtual personal assistants market driving factors and features. The report highlights detailed analysis of smart virtual personal assistants market across various countries in the region. It provides a market outlook for 2018-2025 and sets the forecast within the context of smart virtual personal assistants market, including latest technological developments as well as offerings in the market. The report also presents a detailed overview on market segmentation. Overall, this research report shows historic, on-going, and estimated market analysis in terms of value and volume, analysis of niche industry developments and market share analysis. Detailed profiles of industry players are also included in the scope of the report to evaluate their business strategies, key offerings, and recent developments in the smart virtual personal assistants market space.

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

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