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Report Title

Intelligence Virtual Assistant Market: Global Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2023

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Intelligence Virtual Assistant Market: Global Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2023


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Intelligence Virtual Assistant Market: Global Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2023

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Intelligence Virtual Assistant Market: Global Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2023



Executive Summary

Global Intelligence Virtual Assistant Market: Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2023

Overview:

Intelligence Virtual Assistant (IVA) has become a new trend among smartphone users and enterprises across the globe. The increase in the smartphone and internet penetration worldwide is fostering the demand for virtual assistants. The low barriers to enter into this market is a key driver for tech vendors operating in this domain. The IVA market is largely focusing on consumer centric businesses such as, connected cars, retail, financial services and others.

Market Revenue and Segmentation Analysis:

The global IVA market revenue was estimated to be USD 2.54 billion in 2017 and is expected to reach USD 25.23 billion by 2023, growing at a CAGR of 46.6% during the forecast period 2017-2023.

 

The user types include Enterprise IVA and Consumer IVA. The enterprise IVAs are expected to grow at a content rate compared to consumer IVAs. The enterprise IVAs in 2018 are focusing on understanding online shopping habits of consumers which could drive app builders and businesses to enter the mobile-commerce market place. Both, Enterprise and Consumer IVAs are largely being built on social media platforms such as, Facebook Messenger, Twitter, Skype for Business, Microsoft Teams and WhatsApp. The consumer IVAs are expected to grow at 89.8% CAGR through the forecast period owing to the increasing AI-powered mobile commerce apps.

 

The market is analyzed by industries. The industries mentioned in the report are Retail, Healthcare, Telecommunications, BFSI, Automotive, Media & Entertainment and others. BFSI is the leading consumer of both consumer and enterprise IVAs followed by retail, healthcare and others. These three industries are expected to witness high degrees of innovations in terms of IVA functionalities and user-friendliness. The increasing mobile commerce penetration, personal financial assistance, and personalized healthcare are the focus areas for businesses. The BFSI industry is expected to adopt IVAs at 50.5% CAGR through 2023 to reach a USD 9.98 billion market.

 

Regions Analysis:

The regions covered in the report are the Americas, Europe, APAC and MEA. The Americas is expected to grow at a 49.1% CAGR during the forecast period 2017-2023. The US, the UK, Canada, France and Brazil are expected to become the leading adopters of IVAs through the forecast period.

Benefits and Vendors

The report contains an in-depth analysis of vendor profiles, which include their financial health, business units, key business priorities, SWOT, strategies, and views and competitive landscape. Google, Microsoft, HP, Apple, Psoft Inc., Brighterion Inc., Inbenta Technologies Inc., Narrative Science and Quandl Inc, are some companies profiled in the report.

The study offers a comprehensive analysis of the Global Intelligence Virtual Assistant Market market. Bringing out the key insights of the industry, the report aims to provide an opportunity for companies to understand the latest trends, current market scenario, government initiatives, and technologies related to the market. In addition, it helps the venture capitalists in understanding the companies better and take informed decisions.

 

Table of Contents

1 Industry Outlook 8

1.1 Industry Overview 8

1.2 Industry Trends 9

1.3 PEST Analysis 10

2 Report Outline 11

2.1 Report Scope 11

2.2 Report Summary 12

2.3 Research Methodology 13

2.4 Report Assumptions 14

3 Market Snapshot 15

3.1 Total Addressable Market 15

3.2 Segmented Addressable Market 16

4 Market Outlook 17

4.1 Overview 17

4.2 Porter 5 (Five) Forces 18

5 Market Characteristics 19

5.1 Evolution 19

5.2 Ecosystem 20

5.3 Market Segmentation 21

5.4 Market Dynamics 22

5.4.1 Drivers 23

5.4.1.1 Demand for data-driven solutions 23

5.4.1.2 Increasing usage in market risk and fraud detection 23

5.4.1.3 Increasing usage of technologies in the BFSI industry 23

5.4.1.4 Demand for technology-driven customer services 23

5.4.2 Restraints 24

5.4.2.1 Excessive cost of ownership 24

5.4.2.2 Unskilled human resources 24

5.4.3 Opportunities 24

5.4.3.1 Understanding human emotions 24

5.4.3.2 Developing smarter robots 24

5.5 DRO-Impact Analysis 24

5.6 Market Trends 26

6 User Types: Market Size and Analysis 27

6.1 Overview 27

6.2 Enterprise IVA 27

6.3 Consumer IVA 29

7 Industry: Market Size and Analysis 31

7.1 Overview 31

7.2 Retail 36

7.3 Healthcare 36

7.4 Telecommunications 37

7.5 BFSI 38

7.6 Automotive 39

7.7 Media & Entertainment 40

8 Regions: Market Size and Analysis 42

8.1 Overview 42

8.2 Americas 43

8.2.1 US 44

8.2.2 Canada 45

8.2.3 Brazil 46

8.2.4 Mexico 47

8.3 Europe 48

8.3.1 UK 50

8.3.2 France 51

8.3.3 Germany 51

8.3.4 Italy 52

8.3.5 Spain 53

8.3.6 Nordic Region 54

8.4 Asia Pacific 55

8.4.1 China 56

8.4.2 Japan 57

8.4.3 South Korea 58

8.4.4 Australia and New Zealand 59

8.4.5 Southeast Asia 60

8.4.6 India 61

8.5 Middle East & Africa 63

8.5.1 Saudi Arabia 56

8.5.2 South Africa 57

8.5.3 UAE 58

8.5.4 Turkey 59

8.5.5 Egypt 60

9 Vendors Profile 65

9.1 Google Inc. 65

9.1.1 Overview 65

9.1.2 Business Units 66

9.1.3 Geographic Revenue 66

9.1.4 Business Focus 67

9.1.5 SWOT Analysis 67

9.1.6 Business Strategies 68

9.2 Microsoft Corporation 69

9.2.1 Overview 69

9.2.2 Business Focus 70

9.2.3 SWOT Analysis 70

9.2.4 Business Strategies 71

9.3 Hewlett Packard Enterprise 71

9.3.1 Overview 71

9.3.2 Business Units 72

9.3.3 Geographic Revenue 73

9.3.4 Business Focus 73

9.3.5 SWOT Analysis 73

9.3.6 Business Strategies 74

9.4 Apple Inc. 74

9.4.1 Overview 74

9.4.2 Business Units 75

9.4.3 Geographic Revenue 77

9.4.4 Business Focus 78

9.4.5 SWOT Analysis 78

9.4.6 Business Strategies 79

10 Companies to Watch for 79

10.1 IPsoft Inc. 79

10.1.1 Overview 79

10.1.2 Offerings: 80

10.2 Brighterion, Inc. 80

10.2.1 Overview 80

10.2.2 Offerings: 80

10.3 Inbenta Technologies Inc. 81

10.3.1 Overview 81

10.3.2 Offerings: 81

10.4 Narrative Science 81

10.4.1 Overview 81

10.4.2 Offerings: 82

10.5 Quandl Inc. 82

10.5.1 Overview 82

10.5.2 Offerings: 82

11 Mergers & Acquisitions 83

12 Competitive Landscape 87

12.1 Competitor Comparison Analysis 87

Annexure 92

Abbreviations 92

 

To know more information on Purchase by Section, please send a mail to sales@kenresearch.com

Charts

 

CHART 1 PEST ANALYSIS OF GLOBAL IVA MARKET 10

CHART 2 RESEARCH METHODOLOGY OF GLOBAL IVA MARKET 13

CHART 3 GLOBAL AI MARKET REVENUE, 2017-2023 (USD BILLION) 15

CHART 4 GLOBAL INTELLIGENT VIRTUAL ASSISTANT MARKET REVENUE, 2017-2023 (USD BILLION) 16

CHART 5 PORTER 5 FORCES GLOBAL IVA MARKET 18

CHART 6 EVOLUTION OF INTELLIGENCE VIRTUAL ASSISTANT 19

CHART 7 ECOSYSTEM OF IVA MARKET 20

CHART 8 MARKET SEGMENTATATION OF GLOBAL IVA MARKET 21

CHART 9 MARKET DYNAMICS-DRIVERS, RESTRAINTS AND OPPORTUNITIES 22

CHART 10 DRO-IMPACT ANALYSIS OF GLOBAL IVA MARKET 24

CHART 1 ENTERPRISE IVA MARKET REVENUE, 2017-2023 (USD BILLION) 28

CHART 2 CONSUMER IVA MARKET REVENUE, 2017-2023 (USD BILLION) 29

CHART 3 GLOBAL MARKET SHARES OF SEARCH ENGINES, 2017 (%) 32

CHART 4 GLOBAL MARKET SHARES OF MOBILE CENTRIC SEARCH ENGINES, 2017 (%) 32

CHART 5 RETAIL MARKET REVENUE, 2017-2023 (USD MILLION) 36

CHART 6 HEALTHCARE MARKET REVENUE, 2017-2023 (USD MILLION) 37

CHART 7 TELECOMMUNICATIONS MARKET REVENUE, 2017-2023 (USD MILLION) 38

CHART 8 BFSI MARKET REVENUE, 2017-2023 (USD MILLION) 38

CHART 9 AUTOMOTIVE MARKET REVENUE, 2017-2023 (USD MILLION) 39

CHART 10 MEDIA & ENTERTAINMENT MARKET REVENUE, 2017-2023 (USD MILLION) 40

CHART 11 US MARKET REVENUE, 2017-2023 (USD MILLION) 44

CHART 12 CANADA MARKET REVENUE, 2017-2023 (USD MILLION) 46

CHART 13 BRAZIL MARKET REVENUE, 2017-2023 (USD MILLION) 47

CHART 14 MEXICO MARKET REVENUE, 2017-2023 (USD MILLION) 47

CHART 15 UK MARKET REVENUE, 2017-2023 (USD MILLION) 50

CHART 16 FRANCE MARKET REVENUE, 2017-2023 (USD MILLION) 51

CHART 17 GERMANY MARKET REVENUE, 2017-2023 (USD MILLION) 52

CHART 18 ITALY MARKET REVENUE, 2017-2023 (USD MILLION) 53

CHART 19 SPAIN MARKET REVENUE, 2017-2023 (USD MILLION) 53

CHART 20 NORDIC REGION MARKET REVENUE, 2017-2023 (USD MILLION) 54

CHART 21 CHINA MARKET REVENUE, 2017-2023 (USD MILLION) 57

CHART 22 JAPAN MARKET REVENUE, 2017-2023 (USD MILLION) 58

CHART 23 SOUTH KOREA MARKET REVENUE, 2017-2023 (USD MILLION) 59

CHART 24 AUSTRALIA & NEW ZEALAND MARKET REVENUE, 2017-2023 (USD MILLION) 60

CHART 25 SOUTHEAST ASIA MARKET REVENUE, 2017-2023 (USD MILLION) 60

CHART 26 INDIA MARKET REVENUE, 2017-2023 (USD MILLION) 61

CHART 27 GOOGLE INC.: OVERVIEW SNAPSHOT 65

CHART 28 GOOGLE INC.: BUSINESS UNITS 66

CHART 29 GOOGLE INC.: GEOGRAPHIC REVENUE 66

CHART 30 GOOGLE INC.: SWOT ANALYSIS 67

CHART 31 MICROSOFT: OVERVIEW SNAPSHOT 69

CHART 32 MICROSOFT SWOT ANALYSIS 70

CHART 33 HP: OVERVIEW SNAPSHOT 71

CHART 34 HP: BUSINESS UNITS 72

CHART 35 HP: GEOGRAPHIC REVENUE 73

CHART 36 HP: SWOT ANALYSIS 73

CHART 37 APPLE INC.: OVERVIEW SNAPSHOT 75

CHART 38 APPLE: BUSINESS UNITS 75

CHART 39 APPLE INC.: GEOGRAPHIC REVENUE 77

CHART 40 APPLE INC.: SWOT ANALYSIS 78

CHART 41 GLOBAL IVA: COMPETITIVE LANDSCAPE 87

 

 

Tables

 

TABLE 1 GLOBAL IVA MARKET REVENUE BY USER TYPES, 2017-2023 (USD BILLION) 27

TABLE 2 GLOBAL IVA MARKET REVENUE BY USER TYPES, 2017-2023 (USD BILLION) 27

TABLE 3 ENTERPRISE IVA MARKET REVENUE BY REGION, 2017-2023 (USD MILLION) 28

TABLE 4 CONSUMER IVA MARKET REVENUE BY REGION, 2017-2023 (USD MILLION) 29

TABLE 5 GLOBAL IVA MARKET REVENUE BY INDUSTRY, 2017-2023 (USD MILLION) 31

TABLE 6 GLOBAL IVA MARKET GROWTH BY INDUSTRY, 2017-2023 (Y-O-Y) % 31

TABLE 7 GLOBAL INTERNET PENETRATION IN 2017 (%) 32

TABLE 8 GLOBAL IVA MARKET REVENUE BY REGIONS, 2017-2023 (USD MILLION) 42

TABLE 9 GLOBAL IVA MARKET GROWTH BY REGIONS, 2017-2023, Y-O-Y (%) 42

TABLE 10 AMERICAS MARKET REVENUE BY COUNTRIES, 2017-2023 (USD MILLION) 43

TABLE 11 AMERICAS MARKET GROWTH BY COUNTRIES, 2017-2023 (USD MILLION) 44

TABLE 12 EUROPE MARKET REVENUE BY COUNTRIES, 2017-2023 (USD MILLION) 48

TABLE 13 EUROPE MARKET GROWTH BY COUNTRIES, 2017-2023 (USD MILLION) 49

TABLE 14 ASIA PACIFIC MARKET REVENUE BY COUNTRIES, 2017-2023 (USD MILLION) 55

TABLE 15 ASIA PACIFIC MARKET GROETH BY COUNTRIES, 2017-2023 (USD MILLION) 56

TABLE 16 MEA MARKET REVENUE BY COUNTRIES, 2017-2023 (USD MILLION) 63

TABLE 17 EUROPE MARKET GROWTH BY COUNTRIES, 2017-2023 (USD MILLION) 64

TABLE 18 GLOBAL IVA: MERGERS & ACQUISITIONS 83

TABLE 19 GLOBAL IVA: FUNDING 84

 

Google, Microsoft, HP, Apple, Psoft Inc., Brighterion Inc., Inbenta Technologies Inc., Narrative Science and Quandl Inc


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