Product Code: MCP12798
Global Intelligent Virtual Assistants Market to Reach $19.1 Billion by 2027
Amid the COVID-19 crisis, the global market for Intelligent Virtual Assistants estimated at US$2.5 Billion in the year 2020, is projected to reach a revised size of US$19.1 Billion by 2027, growing at aCAGR of 34% over the period 2020-2027. Speech Recognition, one of the segments analyzed in the report, is projected to record 33.6% CAGR and reach US$12.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Text-to-Speech Recognition segment is readjusted to a revised 34.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $742.7 Million, While China is Forecast to Grow at 33% CAGR
The Intelligent Virtual Assistants market in the U.S. is estimated at US$742.7 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.2 Billion by the year 2027 trailing a CAGR of 33% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 30.5% and 29.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 24% CAGR.We bring years of research experience to this 9th edition of our report. The 182-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others,
- Alphabet, Inc.
- Amazon.com, Inc.
- Apple, Inc.
- Artificial Solutions Holding Ash AB
- Baidu, Inc.
- BlackBerry Ltd.
- Facebook, Inc.
- IBM Corporation
- Inbenta Technologies, Inc.
- Microsoft Corporation
- Mycroft AI, Inc.
- Nuance Communications, Inc.
- Samsung Electronics Co., Ltd.
- Unified Computer Intelligence Corporation
TABLE OF CONTENTS
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Global Competitor Market Shares
- Intelligent Virtual Assistant Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
- TABLE 1: Intelligent Virtual Assistants Global Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020-2027
- TABLE 2: Intelligent Virtual Assistants Market Share Shift across Key Geographies Worldwide: 2020 VS 2027
- TABLE 3: Speech Recognition (Type) World Market by Region/Country in US$ Thousand: 2020 to 2027
- TABLE 4: Speech Recognition (Type) Market Share Breakdown of Worldwide Sales by Region/Country: 2020 VS 2027
- TABLE 5: Text-to-Speech Recognition (Type) Potential Growth Markets Worldwide in US$ Thousand: 2020 to 2027
- TABLE 6: Text-to-Speech Recognition (Type) Market Sales Breakdown by Region/Country in Percentage: 2020 VS 2027
- TABLE 7: BFSI (Application) Global Market Estimates & Forecasts in US$ Thousand by Region/Country: 2020-2027
- TABLE 8: BFSI (Application) Market Share Breakdown by Region/Country: 2020 VS 2027
- TABLE 9: IT & Telecom (Application) Demand Potential Worldwide in US$ Thousand by Region/Country: 2020-2027
- TABLE 10: IT & Telecom (Application) Share Breakdown Review by Region/Country: 2020 VS 2027
- TABLE 11: Automotive (Application) Worldwide Latent Demand Forecasts in US$ Thousand by Region/Country: 2020-2027
- TABLE 12: Automotive (Application) Distribution of Global Sales by Region/Country: 2020 VS 2027
- TABLE 13: Healthcare (Application) Sales Estimates and Forecasts in US$ Thousand by Region/Country for the Years 2020 through 2027
- TABLE 14: Healthcare (Application) Global Market Share Distribution by Region/Country for 2020 and 2027
- TABLE 15: Retail (Application) Global Opportunity Assessment in US$ Thousand by Region/Country: 2020-2027
- TABLE 16: Retail (Application) Percentage Share Breakdown of Global Sales by Region/Country: 2020 VS 2027
- TABLE 17: Other Applications (Application) Worldwide Sales in US$ Thousand by Region/Country: 2020-2027
- TABLE 18: Other Applications (Application) Market Share Shift across Key Geographies: 2020 VS 2027
- TABLE 19: Large Enterprises (End-Use) Global Market Estimates & Forecasts in US$ Thousand by Region/Country: 2020-2027
- TABLE 20: Large Enterprises (End-Use) Market Share Breakdown by Region/Country: 2020 VS 2027
- TABLE 21: SMEs (End-Use) Demand Potential Worldwide in US$ Thousand by Region/Country: 2020-2027
- TABLE 22: SMEs (End-Use) Share Breakdown Review by Region/Country: 2020 VS 2027
- TABLE 23: Individual User (End-Use) Worldwide Latent Demand Forecasts in US$ Thousand by Region/Country: 2020-2027
- TABLE 24: Individual User (End-Use) Distribution of Global Sales by Region/Country: 2020 VS 2027
III. MARKET ANALYSIS
- GEOGRAPHIC MARKET ANALYSIS
- UNITED STATES
- Market Facts & Figures
- US Intelligent Virtual Assistant Market Share (in %) by Company: 2019 & 2025
- Market Analytics
- TABLE 25: United States Intelligent Virtual Assistants Market Estimates and Projections in US$ Thousand by Type: 2020 to 2027
- TABLE 26: United States Intelligent Virtual Assistants Market Share Breakdown by Type: 2020 VS 2027
- TABLE 27: United States Intelligent Virtual Assistants Latent Demand Forecasts in US$ Thousand by Application: 2020 to 2027
- TABLE 28: Intelligent Virtual Assistants Market Share Breakdown in the United States by Application: 2020 VS 2027
- TABLE 29: United States Intelligent Virtual Assistants Latent Demand Forecasts in US$ Thousand by End-Use: 2020 to 2027
- TABLE 30: Intelligent Virtual Assistants Market Share Breakdown in the United States by End-Use: 2020 VS 2027
- CANADA
- TABLE 31: Canadian Intelligent Virtual Assistants Market Estimates and Forecasts in US$ Thousand by Type: 2020 to 2027
- TABLE 32: Intelligent Virtual Assistants Market in Canada: Percentage Share Breakdown of Sales by Type for 2020 and 2027
- TABLE 33: Canadian Intelligent Virtual Assistants Market Quantitative Demand Analysis in US$ Thousand by Application: 2020 to 2027
- TABLE 34: Canadian Intelligent Virtual Assistants Market Share Analysis by Application: 2020 VS 2027
- TABLE 35: Canadian Intelligent Virtual Assistants Market Quantitative Demand Analysis in US$ Thousand by End-Use: 2020 to 2027
- TABLE 36: Canadian Intelligent Virtual Assistants Market Share Analysis by End-Use: 2020 VS 2027
- JAPAN
- TABLE 37: Japanese Market for Intelligent Virtual Assistants: Annual Sales Estimates and Projections in US$ Thousand by Type for the Period 2020-2027
- TABLE 38: Japanese Intelligent Virtual Assistants Market Share Analysis by Type: 2020 VS 2027
- TABLE 39: Japanese Demand Estimates and Forecasts for Intelligent Virtual Assistants in US$ Thousand by Application: 2020 to 2027
- TABLE 40: Intelligent Virtual Assistants Market Share Shift in Japan by Application: 2020 VS 2027
- TABLE 41: Japanese Demand Estimates and Forecasts for Intelligent Virtual Assistants in US$ Thousand by End-Use: 2020 to 2027
- TABLE 42: Intelligent Virtual Assistants Market Share Shift in Japan by End-Use: 2020 VS 2027
- CHINA
- TABLE 43: Chinese Intelligent Virtual Assistants Market Growth Prospects in US$ Thousand by Type for the Period 2020-2027
- TABLE 44: Chinese Intelligent Virtual Assistants Market by Type: Percentage Breakdown of Sales for 2020 and 2027
- TABLE 45: Chinese Demand for Intelligent Virtual Assistants in US$ Thousand by Application: 2020 to 2027
- TABLE 46: Chinese Intelligent Virtual Assistants Market Share Breakdown by Application: 2020 VS 2027
- TABLE 47: Chinese Demand for Intelligent Virtual Assistants in US$ Thousand by End-Use: 2020 to 2027
- TABLE 48: Chinese Intelligent Virtual Assistants Market Share Breakdown by End-Use: 2020 VS 2027
- EUROPE
- Market Facts & Figures
- European Intelligent Virtual Assistant Market: Competitor Market Share Scenario (in %) for 2019 & 2025
- Market Analytics
- TABLE 49: European Intelligent Virtual Assistants Market Demand Scenario in US$ Thousand by Region/Country: 2018-2025
- TABLE 50: European Intelligent Virtual Assistants Market Share Shift by Region/Country: 2020 VS 2027
- TABLE 51: European Intelligent Virtual Assistants Market Estimates and Forecasts in US$ Thousand by Type: 2020-2027
- TABLE 52: European Intelligent Virtual Assistants Market Share Breakdown by Type: 2020 VS 2027
- TABLE 53: European Intelligent Virtual Assistants Addressable Market Opportunity in US$ Thousand by Application: 2020-2027
- TABLE 54: European Intelligent Virtual Assistants Market Share Analysis by Application: 2020 VS 2027
- TABLE 55: European Intelligent Virtual Assistants Addressable Market Opportunity in US$ Thousand by End-Use: 2020-2027
- TABLE 56: European Intelligent Virtual Assistants Market Share Analysis by End-Use: 2020 VS 2027
- FRANCE
- TABLE 57: Intelligent Virtual Assistants Market in France by Type: Estimates and Projections in US$ Thousand for the Period 2020-2027
- TABLE 58: French Intelligent Virtual Assistants Market Share Analysis by Type: 2020 VS 2027
- TABLE 59: Intelligent Virtual Assistants Quantitative Demand Analysis in France in US$ Thousand by Application: 2020-2027
- TABLE 60: French Intelligent Virtual Assistants Market Share Analysis: A 7-Year Perspective by Application for 2020 and 2027
- TABLE 61: Intelligent Virtual Assistants Quantitative Demand Analysis in France in US$ Thousand by End-Use: 2020-2027
- TABLE 62: French Intelligent Virtual Assistants Market Share Analysis: A 7-Year Perspective by End-Use for 2020 and 2027
- GERMANY
- TABLE 63: Intelligent Virtual Assistants Market in Germany: Recent Past, Current and Future Analysis in US$ Thousand by Type for the Period 2020-2027
- TABLE 64: German Intelligent Virtual Assistants Market Share Breakdown by Type: 2020 VS 2027
- TABLE 65: Intelligent Virtual Assistants Market in Germany: Annual Sales Estimates and Forecasts in US$ Thousand by Application for the Period 2020-2027
- TABLE 66: Intelligent Virtual Assistants Market Share Distribution in Germany by Application: 2020 VS 2027
- TABLE 67: Intelligent Virtual Assistants Market in Germany: Annual Sales Estimates and Forecasts in US$ Thousand by End-Use for the Period 2020-2027
- TABLE 68: Intelligent Virtual Assistants Market Share Distribution in Germany by End-Use: 2020 VS 2027
- ITALY
- TABLE 69: Italian Intelligent Virtual Assistants Market Growth Prospects in US$ Thousand by Type for the Period 2020-2027
- TABLE 70: Italian Intelligent Virtual Assistants Market by Type: Percentage Breakdown of Sales for 2020 and 2027
- TABLE 71: Italian Demand for Intelligent Virtual Assistants in US$ Thousand by Application: 2020 to 2027
- TABLE 72: Italian Intelligent Virtual Assistants Market Share Breakdown by Application: 2020 VS 2027
- TABLE 73: Italian Demand for Intelligent Virtual Assistants in US$ Thousand by End-Use: 2020 to 2027
- TABLE 74: Italian Intelligent Virtual Assistants Market Share Breakdown by End-Use: 2020 VS 2027
- UNITED KINGDOM
- TABLE 75: United Kingdom Market for Intelligent Virtual Assistants: Annual Sales Estimates and Projections in US$ Thousand by Type for the Period 2020-2027
- TABLE 76: United Kingdom Intelligent Virtual Assistants Market Share Analysis by Type: 2020 VS 2027
- TABLE 77: United Kingdom Demand Estimates and Forecasts for Intelligent Virtual Assistants in US$ Thousand by Application: 2020 to 2027
- TABLE 78: Intelligent Virtual Assistants Market Share Shift in the United Kingdom by Application: 2020 VS 2027
- TABLE 79: United Kingdom Demand Estimates and Forecasts for Intelligent Virtual Assistants in US$ Thousand by End-Use: 2020 to 2027
- TABLE 80: Intelligent Virtual Assistants Market Share Shift in the United Kingdom by End-Use: 2020 VS 2027
- REST OF EUROPE
- TABLE 81: Rest of Europe Intelligent Virtual Assistants Market Estimates and Forecasts in US$ Thousand by Type: 2020-2027
- TABLE 82: Rest of Europe Intelligent Virtual Assistants Market Share Breakdown by Type: 2020 VS 2027
- TABLE 83: Rest of Europe Intelligent Virtual Assistants Addressable Market Opportunity in US$ Thousand by Application: 2020-2027
- TABLE 84: Rest of Europe Intelligent Virtual Assistants Market Share Analysis by Application: 2020 VS 2027
- TABLE 85: Rest of Europe Intelligent Virtual Assistants Addressable Market Opportunity in US$ Thousand by End-Use: 2020-2027
- TABLE 86: Rest of Europe Intelligent Virtual Assistants Market Share Analysis by End-Use: 2020 VS 2027
- ASIA-PACIFIC
- TABLE 87: Intelligent Virtual Assistants Market in Asia-Pacific by Type: Estimates and Projections in US$ Thousand for the Period 2020-2027
- TABLE 88: Asia-Pacific Intelligent Virtual Assistants Market Share Analysis by Type: 2020 VS 2027
- TABLE 89: Intelligent Virtual Assistants Quantitative Demand Analysis in Asia-Pacific in US$ Thousand by Application: 2020-2027
- TABLE 90: Asia-Pacific Intelligent Virtual Assistants Market Share Analysis: A 7-Year Perspective by Application for 2020 and 2027
- TABLE 91: Intelligent Virtual Assistants Quantitative Demand Analysis in Asia-Pacific in US$ Thousand by End-Use: 2020-2027
- TABLE 92: Asia-Pacific Intelligent Virtual Assistants Market Share Analysis: A 7-Year Perspective by End-Use for 2020 and 2027
- REST OF WORLD
- TABLE 93: Rest of World Intelligent Virtual Assistants Market Estimates and Forecasts in US$ Thousand by Type: 2020 to 2027
- TABLE 94: Intelligent Virtual Assistants Market in Rest of World: Percentage Share Breakdown of Sales by Type for 2020 and 2027
- TABLE 95: Rest of World Intelligent Virtual Assistants Market Quantitative Demand Analysis in US$ Thousand by Application: 2020 to 2027
- TABLE 96: Rest of World Intelligent Virtual Assistants Market Share Analysis by Application: 2020 VS 2027
- TABLE 97: Rest of World Intelligent Virtual Assistants Market Quantitative Demand Analysis in US$ Thousand by End-Use: 2020 to 2027
- TABLE 98: Rest of World Intelligent Virtual Assistants Market Share Analysis by End-Use: 2020 VS 2027
IV. COMPETITION
- Total Companies Profiled: 46