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Intelligent virtual assistant (IVA) market size to reach $16.1 billion by 2023 according to new research report

Industrial Market Research

The Global Intelligent Virtual Assistant Market is attain reach a market size of $16.1 billion by 2023


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According to a new report Global Intelligent Virtual Assistant Market, published by KBV research, the Global Intelligent Virtual Assistant (IVA) Market size is expected to reach $16.1 billion by 2023, rising at a market growth of 35.7% CAGR during the forecast period.

The North America market holds the largest market share in Global BFSI Intelligent Virtual Assistant Make an Inquiry about this news Market by Region in 2016 and would continue to be a dominant market till 2023; growing at a CAGR of 32 % during the forecast period. The Europe market is expected to witness a CAGR of 33.2% during (2017 – 2023) in Global Retail & Ecommerce Intelligent Virtual Assistant Market.

Additionally, The Asia Pacific market is expected to witness a CAGR of 40.3% during (2017 – 2023) in Global Automotive Intelligent Virtual Assistant Market.


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The KBV Cardinal Matrix is a visual representation about the key players in the industry. The matrix is designed considering the major strategic developments including Mergers & Acquisitions, product launches, partnership among others and the financial strength of the company in the considered years.

The major strategies followed by the market participants are Product launches and Partnerships & Collaborations.

KBV Cardinal Matrix – Intelligent Virtual Assistant Market

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The Automatic Speech Recognition market holds the largest market share in Global Intelligent Virtual Assistant Market by Technology in 2016 and would continue to be a dominant market till 2023. The Text to Speech market would garner market size of $5,645.4 million by 2023.Source: KBV Research Analysis, Company Publications and Secondary Research

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the Global Intelligent Virtual Assistant (IVA) Market have been discussed in the report with the competition analysis and elaborated company profiles of Oracle Corporation, Nuance Communications, Inc., Microsoft Corporation, Inbenta Technologies, Samsung Electronics Co.

Ltd., Apple, Inc., IBM Corporation, Intel Corporation, Google, Inc., and Amazon.com Make an Inquiry about this news, Inc. (Amazon Web Services)

Global Intelligent Virtual Assistant (IVA) Market Size Segmentation

By Technology

  • Text to Speech
  • Automatic Speech Recognition

By Vertical

  • BFSI
  • Retail & Ecommerce
  • Automotive
  • Healthcare
  • Others

By Geography

  • North America Intelligent Virtual Assistant (IVA) Market
    • US Intelligent Virtual Assistant (IVA) Market
    • Canada Intelligent Virtual Assistant (IVA) Market
    • Mexico Intelligent Virtual Assistant (IVA) Market
    • Rest of Global Intelligent Virtual Assistant (IVA) Market
  • Europe Intelligent Virtual Assistant (IVA) Market
    • Germany Intelligent Virtual Assistant (IVA) Market
    • UK Intelligent Virtual Assistant (IVA) Market
    • France Intelligent Virtual Assistant (IVA) Market
    • Russia Intelligent Virtual Assistant (IVA) Market
    • Spain Intelligent Virtual Assistant (IVA) Market
    • Italy Intelligent Virtual Assistant (IVA) Market
    • Rest of Europe Intelligent Virtual Assistant (IVA) Market
  • Asia Pacific Intelligent Virtual Assistant (IVA) Market
    • China Intelligent Virtual Assistant (IVA) Market
    • Japan Intelligent Virtual Assistant (IVA) Market
    • India Intelligent Virtual Assistant (IVA) Market
    • South Korea Intelligent Virtual Assistant (IVA) Market
    • Singapore Intelligent Virtual Assistant (IVA) Market
    • Malaysia Intelligent Virtual Assistant (IVA) Market
    • Rest of Asia Pacific Intelligent Virtual Assistant (IVA) Market
  • LAMEA Intelligent Virtual Assistant (IVA) Market
    • Brazil Intelligent Virtual Assistant (IVA) Market
    • Argentina Intelligent Virtual Assistant (IVA) Market
    • UAE Intelligent Virtual Assistant (IVA) Market
    • Saudi Arabia Intelligent Virtual Assistant (IVA) Market
    • South Africa Intelligent Virtual Assistant (IVA) Market
    • Nigeria Intelligent Virtual Assistant (IVA) Market
    • Rest of LAMEA Intelligent Virtual Assistant (IVA) Market

Companies Profiled

  • Oracle Corporation
  • Nuance Communications, Inc.
  • Microsoft Corporation
  • Inbenta Technologies
  • Samsung Electronics Co. Ltd.
  • Apple, Inc.
  • IBM Corporation
  • Intel Corporation
  • Google, Inc.
  • com, Inc. (Amazon Web Services)

Unique Offerings from KBV Research

  • Exhaustive coverage of Global Intelligent Virtual Assistant (IVA) Market
  • Highest number of market tables and figures
  • Subscription based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

News From

Kbv ResearchKbv Research
Category: Market Research Publishers and RetailersCompany about: Knowledge Based Value Research is a global brand and consulting firm serving all kinds of business verticals, government and non-governmental organizations, and not-for-profit organizations. Our motto is to extend our services that will have a lasting impact on our clients who trust us with their business goals.

For more information:

Make an Inquiry about this report HERE!
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