Global Intelligent Virtual Assistant Market 2024-2028

The intelligent virtual assistant market is forecasted to grow by USD 5000.82 mn during 2023-2028, accelerating at a CAGR of 23.05% during the forecast period. The report on the intelligent virtual assistant market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for enhanced customer service in businesses, benefits offered to content consumers, owners, and publishers, and integration of IVAS with IoT and smart devices.

Market Scope
Base Year	2023
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	21.28%
CAGR	23.05%
Incremental Value	$5000.82mn

Technavio's intelligent virtual assistant market is segmented as below:

By Product

Chatbots
Smart speakers

By Type

Text-to-speech
Voice recognition
Text-based

By Geographical Landscape

North America
APAC
Europe
South America
Middle East and Africa

This study identifies the increasing application of intelligent virtual assistants in healthcare as one of the prime reasons driving the intelligent virtual assistant market growth during the next few years. Also, increasing m and a, partnership, and collaboration and rising popularity of voice commerce will lead to sizable demand in the market.

The report on the intelligent virtual assistant market covers the following areas:

Intelligent virtual assistant market sizing
Intelligent virtual assistant market forecast
Intelligent virtual assistant market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading intelligent virtual assistant market vendors that include Ada Health GmbH, Alphabet Inc., Amazon.com Inc., Anboto Europe SL Co., Apple Inc., Baidu Inc., Creative Virtual Ltd., eGain Corp., Inbenta Holdings Inc., Infermedica Sp. z o.o., Interactions LLC, International Business Machines Corp., Microsoft Corp., Nuance Communications Inc., Oracle Corp., Orbita Inc., Samsung Electronics Co. Ltd., Sense.ly Corp., True Image Interactive Inc., and Verint Systems Inc.. Also, the intelligent virtual assistant market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR77200

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Product
Exhibit 06: Executive Summary - Chart on Market Segmentation by Type
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global intelligent virtual assistant market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global intelligent virtual assistant market 2018 - 2022 ($ million)
4.2 Product Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Product Segment 2018 - 2022 ($ million)
4.3 Type Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - Type Segment 2018 - 2022 ($ million)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Product

6.1 Market segments
Exhibit 30: Chart on Product - Market share 2023-2028 (%)
Exhibit 31: Data Table on Product - Market share 2023-2028 (%)
6.2 Comparison by Product
Exhibit 32: Chart on Comparison by Product
Exhibit 33: Data Table on Comparison by Product
6.3 Chatbots - Market size and forecast 2023-2028
Exhibit 34: Chart on Chatbots - Market size and forecast 2023-2028 ($ million)
Exhibit 35: Data Table on Chatbots - Market size and forecast 2023-2028 ($ million)
Exhibit 36: Chart on Chatbots - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Chatbots - Year-over-year growth 2023-2028 (%)
6.4 Smart speakers - Market size and forecast 2023-2028
Exhibit 38: Chart on Smart speakers - Market size and forecast 2023-2028 ($ million)
Exhibit 39: Data Table on Smart speakers - Market size and forecast 2023-2028 ($ million)
Exhibit 40: Chart on Smart speakers - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Smart speakers - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Product
Exhibit 42: Market opportunity by Product ($ million)
Exhibit 43: Data Table on Market opportunity by Product ($ million)

7 Market Segmentation by Type

7.1 Market segments
Exhibit 44: Chart on Type - Market share 2023-2028 (%)
Exhibit 45: Data Table on Type - Market share 2023-2028 (%)
7.2 Comparison by Type
Exhibit 46: Chart on Comparison by Type
Exhibit 47: Data Table on Comparison by Type
7.3 Text-to-speech - Market size and forecast 2023-2028
Exhibit 48: Chart on Text-to-speech - Market size and forecast 2023-2028 ($ million)
Exhibit 49: Data Table on Text-to-speech - Market size and forecast 2023-2028 ($ million)
Exhibit 50: Chart on Text-to-speech - Year-over-year growth 2023-2028 (%)
Exhibit 51: Data Table on Text-to-speech - Year-over-year growth 2023-2028 (%)
7.4 Voice recognition - Market size and forecast 2023-2028
Exhibit 52: Chart on Voice recognition - Market size and forecast 2023-2028 ($ million)
Exhibit 53: Data Table on Voice recognition - Market size and forecast 2023-2028 ($ million)
Exhibit 54: Chart on Voice recognition - Year-over-year growth 2023-2028 (%)
Exhibit 55: Data Table on Voice recognition - Year-over-year growth 2023-2028 (%)
7.5 Text-based - Market size and forecast 2023-2028
Exhibit 56: Chart on Text-based - Market size and forecast 2023-2028 ($ million)
Exhibit 57: Data Table on Text-based - Market size and forecast 2023-2028 ($ million)
Exhibit 58: Chart on Text-based - Year-over-year growth 2023-2028 (%)
Exhibit 59: Data Table on Text-based - Year-over-year growth 2023-2028 (%)
7.6 Market opportunity by Type
Exhibit 60: Market opportunity by Type ($ million)
Exhibit 61: Data Table on Market opportunity by Type ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 63: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 64: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 65: Chart on Geographic comparison
Exhibit 66: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2023-2028
Exhibit 67: Chart on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 68: Data Table on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 69: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 70: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.4 APAC - Market size and forecast 2023-2028
Exhibit 71: Chart on APAC - Market size and forecast 2023-2028 ($ million)
Exhibit 72: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
Exhibit 73: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 74: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.5 Europe - Market size and forecast 2023-2028
Exhibit 75: Chart on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 76: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 77: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
Exhibit 79: Chart on South America - Market size and forecast 2023-2028 ($ million)
Exhibit 80: Data Table on South America - Market size and forecast 2023-2028 ($ million)
Exhibit 81: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
Exhibit 87: Chart on US - Market size and forecast 2023-2028 ($ million)
Exhibit 88: Data Table on US - Market size and forecast 2023-2028 ($ million)
Exhibit 89: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 China - Market size and forecast 2023-2028
Exhibit 91: Chart on China - Market size and forecast 2023-2028 ($ million)
Exhibit 92: Data Table on China - Market size and forecast 2023-2028 ($ million)
Exhibit 93: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on China - Year-over-year growth 2023-2028 (%)
9.10 Canada - Market size and forecast 2023-2028
Exhibit 95: Chart on Canada - Market size and forecast 2023-2028 ($ million)
Exhibit 96: Data Table on Canada - Market size and forecast 2023-2028 ($ million)
Exhibit 97: Chart on Canada - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on Canada - Year-over-year growth 2023-2028 (%)
9.11 Japan - Market size and forecast 2023-2028
Exhibit 99: Chart on Japan - Market size and forecast 2023-2028 ($ million)
Exhibit 100: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
Exhibit 101: Chart on Japan - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on Japan - Year-over-year growth 2023-2028 (%)
9.12 UK - Market size and forecast 2023-2028
Exhibit 103: Chart on UK - Market size and forecast 2023-2028 ($ million)
Exhibit 104: Data Table on UK - Market size and forecast 2023-2028 ($ million)
Exhibit 105: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibit 106: Data Table on UK - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 107: Market opportunity By Geographical Landscape ($ million)
Exhibit 108: Data Tables on Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 109: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 111: Overview on factors of disruption
11.4 Industry risks
Exhibit 112: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 113: Vendors covered
12.2 Market positioning of vendors
Exhibit 114: Matrix on vendor position and classification
12.3 Alphabet Inc.
Exhibit 115: Alphabet Inc. - Overview
Exhibit 116: Alphabet Inc. - Business segments
Exhibit 117: Alphabet Inc. - Key news
Exhibit 118: Alphabet Inc. - Key offerings
Exhibit 119: Alphabet Inc. - Segment focus
12.4 Amazon.com Inc.
Exhibit 120: Amazon.com Inc. - Overview
Exhibit 121: Amazon.com Inc. - Business segments
Exhibit 122: Amazon.com Inc. - Key news
Exhibit 123: Amazon.com Inc. - Key offerings
Exhibit 124: Amazon.com Inc. - Segment focus
12.5 Anboto Europe SL Co.
Exhibit 125: Anboto Europe SL Co. - Overview
Exhibit 126: Anboto Europe SL Co. - Product / Service
Exhibit 127: Anboto Europe SL Co. - Key offerings
12.6 Apple Inc.
Exhibit 128: Apple Inc. - Overview
Exhibit 129: Apple Inc. - Business segments
Exhibit 130: Apple Inc. - Key news
Exhibit 131: Apple Inc. - Key offerings
Exhibit 132: Apple Inc. - Segment focus
12.7 Baidu Inc.
Exhibit 133: Baidu Inc. - Overview
Exhibit 134: Baidu Inc. - Business segments
Exhibit 135: Baidu Inc. - Key offerings
Exhibit 136: Baidu Inc. - Segment focus
12.8 Creative Virtual Ltd.
Exhibit 137: Creative Virtual Ltd. - Overview
Exhibit 138: Creative Virtual Ltd. - Product / Service
Exhibit 139: Creative Virtual Ltd. - Key offerings
12.9 eGain Corp.
Exhibit 140: eGain Corp. - Overview
Exhibit 141: eGain Corp. - Product / Service
Exhibit 142: eGain Corp. - Key offerings
12.10 Inbenta Holdings Inc.
Exhibit 143: Inbenta Holdings Inc. - Overview
Exhibit 144: Inbenta Holdings Inc. - Product / Service
Exhibit 145: Inbenta Holdings Inc. - Key offerings
12.11 International Business Machines Corp.
Exhibit 146: International Business Machines Corp. - Overview
Exhibit 147: International Business Machines Corp. - Business segments
Exhibit 148: International Business Machines Corp. - Key news
Exhibit 149: International Business Machines Corp. - Key offerings
Exhibit 150: International Business Machines Corp. - Segment focus
12.12 Microsoft Corp.
Exhibit 151: Microsoft Corp. - Overview
Exhibit 152: Microsoft Corp. - Business segments
Exhibit 153: Microsoft Corp. - Key news
Exhibit 154: Microsoft Corp. - Key offerings
Exhibit 155: Microsoft Corp. - Segment focus
12.13 Nuance Communications Inc.
Exhibit 156: Nuance Communications Inc. - Overview
Exhibit 157: Nuance Communications Inc. - Business segments
Exhibit 158: Nuance Communications Inc. - Key offerings
Exhibit 159: Nuance Communications Inc. - Segment focus
12.14 Oracle Corp.
Exhibit 160: Oracle Corp. - Overview
Exhibit 161: Oracle Corp. - Business segments
Exhibit 162: Oracle Corp. - Key news
Exhibit 163: Oracle Corp. - Key offerings
Exhibit 164: Oracle Corp. - Segment focus
12.15 Samsung Electronics Co. Ltd.
Exhibit 165: Samsung Electronics Co. Ltd. - Overview
Exhibit 166: Samsung Electronics Co. Ltd. - Business segments
Exhibit 167: Samsung Electronics Co. Ltd. - Key news
Exhibit 168: Samsung Electronics Co. Ltd. - Key offerings
Exhibit 169: Samsung Electronics Co. Ltd. - Segment focus
12.16 Sense.ly Corp.
Exhibit 170: Sense.ly Corp. - Overview
Exhibit 171: Sense.ly Corp. - Product / Service
Exhibit 172: Sense.ly Corp. - Key offerings
12.17 Verint Systems Inc.
Exhibit 173: Verint Systems Inc. - Overview
Exhibit 174: Verint Systems Inc. - Product / Service
Exhibit 175: Verint Systems Inc. - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 176: Inclusions checklist
Exhibit 177: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 178: Currency conversion rates for US$
13.4 Research methodology
Exhibit 179: Research methodology
Exhibit 180: Validation techniques employed for market sizing
Exhibit 181: Information sources
13.5 List of abbreviations
Exhibit 182: List of abbreviations