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(IT-NEWSWIRE.COM, July 05, 2018 ) Intelligent Virtual Assistant (IVA) market is expected to grow from $660.46 million in 2015 to reach $4,200.98 million by 2022 with a CAGR of 30.3%. Increasing innovative technological developments, growing adoption of IVA in mobile applications and websites are the major factors driving the market growth. Furthermore, growing internet penetration in emerging countries, growth of e- commerce business, and raising demand for regional language assistance are some of other factors propelling the market growth.
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By application, Banking, Financial Services, and Insurance (BFSI) segment is expected to be a fastest growing segment during the forecast period. This growth is owed to increasing financial activities through smartphones to access financial services, increasing adoption of IVA by financial institutions to give better customer service. North America commands the intelligent virtual assistant market with a higher CAGR due to availability of developed infrastructure, and higher acceptance of new technologies. Asia Pacific is expected to witness fastest growth, over the forecast period.
Some of the key players in global intelligent virtual assistant (IVA) market include Anboto Group., Apple Inc., Artificial Solutions Ltd., Clara Labs, CodeBaby Corp., Creative Virtual Ltd., Customer Inc., eGain Communications Corp., Google, IBM Corporation, Intel Corporation, IntelliResponse Systems Inc., Microsoft Corporation, Next IT Corporation, Nuance Communications Inc., Oracle Corporation, Speaktoit Inc., and Synthetix Ltd.
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Table of Content:
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Futuristic Market Scenario
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Intelligent Virtual Assistant (IVA) Market, By Service
5.1 Introduction
5.2 Marketing assistant
5.3 Customer service
6 Global Intelligent Virtual Assistant (IVA) Market, By Technology
6.1 Introduction
6.2 Text-to-Speech
6.3 Speech Recognition
6.3.1 Natural Language Processing (NLP)
6.3.2 Speaker Independent Systems
6.3.2.1 Continuous Speech Recognition
6.3.2.2 Discrete Speech Recognition
6.3.3 Speaker Dependent Systems
6.3.3.1 Continuous Speech Recognition
6.3.3.2 Discrete Speech Recognition
7 Global Intelligent Virtual Assistant (IVA) Market, By Application
7.1 Introduction
7.2 Contact Centers
7.3 Messenger Bots
7.4 Websites
8 Global Intelligent Virtual Assistant (IVA) Market, By End User
8.1 Introduction
8.2 Education
8.3 Banking, Financial Services, and Insurance (BFSI)
8.4 Healthcare
8.5 Automotive
8.6 IT & Telecom
8.7 Retail
8.8 Other End Users
Know more about Report: http://www.reportsweb.com/intelligent-virtual-assistant-iva-global-market-outlook-2016-2022
ReportsWeb.com
Rajat Sahni
+1-646-491-9876
sales@reportsweb.com
Source: EmailWire.Com 
Source: EmailWire.com
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