DUBLIN, April 4, 2019 /PRNewswire/ -- The "Smart Virtual Assistant Market - Forecasts from 2019 to 2024" report has been added to ResearchAndMarkets.com's offering.
The smart virtual assistant market is projected to grow at a CAGR of 26.29% to reach US$12.383 billion by 2024, from US$3.052 billion in 2018.
The need for easier and more fluid accessibility of services will drive the demand for smart virtual assistants. The growing number of e-businesses raises the need for a more streamlined and consumer-friendly approach, further boosting the demand for virtual assistants. However, the increasing integration of virtual assistants gives rise to many privacy concerns amongst users and the slow adoption and limited awareness in developing countries will be the restraints in the demand for smart virtual assistants.
The North American region holds a significant share of the market due to earlier adoption of automation services and rising research and development expenditure by vendors to introduce new products in the market. The Asia Pacific market, due to its increasing emphasis on information technology and automation, will provide many growth opportunities.
The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Major industry players profiled as part of the report are Alphabet, Inc., Apple, Inc., Amazon.com, Inc., Microsoft Corporation, and Samsung Electronics among others.
Key Topics Covered:
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.6. Base and Forecast Years Timeline
2. Research Methodology
2.1. Research Design
2.2. Secondary Sources
3. Executive Summary
4. Market Dynamics
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter's Five Force Analysis
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. Smart Virtual Assistant Market by Component
6. Smart Virtual Assistant Market by Industry
6.5. Banking and Finance
7. Smart Virtual Assistant Market by End-User
7.2. Small and Medium Enterprises
7.3. Large Enterprises
8. Smart Virtual Assistant Market by Geography
8.1. North America
8.2. South America
8.3.3. United Kingdom
8.4. Middle East and Africa
8.4.1. Saudi Arabia
8.5. Asia Pacific
8.5.3. South Korea
9. Competitive Intelligence
9.1. Competition and Offerings Analysis of Key Vendors
9.2. Recent Investment and Deals
9.3. Strategies of Key Players
10. Company Profiles
10.1. Alphabet, Inc.
10.2. Apple, Inc.
10.3. Amazon.Com, Inc.
10.4. Microsoft Corporation
10.5. Samsung Electronics
10.6. Artificial Solutions
10.7. International Business Machines (Ibm)
10.8. Nuance Communications, Inc.
10.9. Inbenta Technologies, Inc.
10.10. Baidu, Inc.
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