According to the report, Rapid Development of Semantic Search in Virtual Assistant
is one of the primary growth factors for the market. Increasing Investments from Technology Powerhouses
is also expected to contribute significantly to the Advanced Virtual Assistant market. Overall, applications of Advanced Virtual Assistant, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Technology, such as Automatic Speech Recognition, is boosting the Advanced Virtual Assistant market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The End-User, such as Consumer Electronics, is boosting the Advanced Virtual Assistant market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Product, such as Chatbot, is boosting the Advanced Virtual Assistant market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMAs Analyst on the Global Advanced Virtual Assistant market identified that the demand is rising in many different parts of the world as "Assimilation of AI-Powered Virtual Assistant (IVA) Among Devices Such as Computers and Smartphones
". Furthermore, some recent industry insights like "In September 2021 IBM released a statement announcing the launch of New IBM Watson AI and Automation features. IBM is expanding Watson Assistant, the company's intelligent virtual agent, with new features to assist businesses in leveraging AI and NLP to handle customer concerns on the first interaction. Watson Assistant is intended to give consumers with appropriate answers more quickly through the phone, SMS, online, or any messaging channel, and to seamlessly hand-off to a live agent when extra assistance is required." which is constantly making the industry very dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Advanced Virtual Assistant market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2020 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Advanced Virtual Assistant market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Advanced Virtual Assistant market size is calculated using market estimation process, the Advanced Virtual Assistant market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Advanced Virtual Assistant market size has been validated using both top-down and bottom-up approaches.