Virtual Personal Assistant Market Size, Statistics, Trend Analysis and Forecast Report, 2021 - 2028

Virtual Personal Assistant Market is segmented by Type (Vapor Chamber, Variable Conductance, Diode, Thermosyphon and Others), End User (Automotive, Aerospace & Defense, Food and beverage, Energy & power), and by Region (United States, Canada, Mexico, France, Germany, Italy, Spain, United Kingdom, Russia, China, India, Philippines, Malaysia, Australia, Austria, South Korea, Middle East, Japan, Africa and Rest of World)

  • Report ID : MD2602
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  • Pages : 180
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  • Tables : 60
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  • Formats :

Virtual Personal Assistant Market Size shall reach a value of $xx Million in 2028, growing with a CAGR of 9.1% during the forecast period of 2021 to 2028.

Virtual Personal Assistant Market Growth and Trends

The global virtual personal assistants market or the VPA market held a market value of US$ 2,126.4 million in 2019 and is expected to grow at a CAGR of 47.4% by 2027 with 2020 as the base year. The increasing digitalization is the main growth factor behind the growth of the VPA market.

The increasing globalization and urbanization have resulted in the rise of personal disposable incomes. The growing awareness among end-users significantly bolsters the growth of the VPA market. The dwindling manual talent has also added to the growth of the VPA technology. The VPA technology offers ease in customizing which positively affects the growth of the VPA market.

The propelling growth in cloud-based technology and advanced AI technology has increased the demand for VPA technology. The increasing attraction towards smart speakers has also fuelled the growth of the VPAs. The increasing need for ambient user-experience has majorly increased the sales of the VPAs. The preference towards utilizing time-saving applications by reducing the need for manual effort or intervention has increased the need for VPAs.

The wide range of applications offered by the VPA is a major growth factor of the market. The increasing investments in the smart home and smart city projects have boosted the growth of the VPA market. The rising shift towards the preference of smart appliances has resulted in the integration of VPA in all consumer durable goods like automobiles, refrigerators, and boats.

The increasing applications with VPA integration are on the rise in the market. The rising e-commerce platforms with VPA in-built services are directly improving the VPA market. The increasing use of smartphones and personalized computers has propelled the demand for VPA integrated into them. The increasing need for personalized data analytics has fuelled the need for VPAs to plan, analyze, and indicate end-users preferences and activities.

With the emerging Internet of Things (IoT) technology, the need for VPA is at an all-time high. The business segments have shown increased usage of AI agencies to improve their business plans. This subsequently increases the demand for VPA. The high amounts of investments made into the VPA technology by top market players are promising a better technology in the near future.

Virtual Personal Assistant Industry Regional Analysis
Virtual Personal Assistant Market Research Report Scope/Definition
• Virtual Personal Assistant Market Share and Competition Key companies operating in this industry are: IBM Corporation ; Inbenta Technologies ; Sonos Inc. ; Apple Inc. and Avaamo Inc.

Virtual Personal Assistant Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2021 – 2028)
• Data breakdown for every market segment (2021 – 2028)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy

Industry Segmentation and Revenue Breakdown
Producy Analysis (Revenue, USD Million, 2021 - 2028)
• Chatbot
• Smart Speakers

Technology Analysis (Revenue, USD Million, 2021 - 2028)
• Automatic Speech Recognition
• Text to Speech
• Text based

Application Analysis (Revenue, USD Million, 2021 - 2028)
• Consumer Electronics
• Automotive
• Healthcare
• Education
• Retail
• IT & Telecom
• Travel & Hospitality
• Other

Region Analysis (Revenue, USD Million, 2021 - 2028)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World

Virtual Personal Assistant Industry Companies
• IBM Corporation
• Inbenta Technologies
• Sonos Inc.
• Apple Inc.
• Avaamo Inc.

Available Versions of Virtual Personal Assistant Market: -
United States Industry Research Report
Europe Industry Research Report
Asia Pacific Industry Research Report
India Industry Research Report


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