Intelligent Personal Assistant Market 2020: Competitive Landscape, Key Vendors and Opportunity Assessment by Forecast 2027

Overview:

In the constantly changing world of technology, intelligent personal assistant (IPA) have been touted by many companies as a next revolutionary technology that will change the way how users live day to day lives. This is also the reason global technology giants such as Apple, Microsoft, Google and many more are spending massively in research to keep improving their existing intelligent personal assistants. An intelligent personal assistant is simply a software that can perform diverse tasks such as providing relevant information to queries, health monitoring, giving reminders of scheduled meetings etc. Assistants are available as smartphone (or other mobile device) applications and may also feature Internet of Things (IoT) integration.

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The main purpose of an intelligent virtual assistant is to answer questions asked by users. This may be done in a business environment, for example, on the business website, with a chat interface. On the mobile platform, as in the case of Apple's Siri the intelligent virtual assistant is available as a call-button operated service where a voice asks the user “What can I do for you?” and then responds to verbal input.

Beyond the core utilities of an intelligent virtual assistant, companies are now exploring new platforms to enhance the use of it. One main element of this involves adding personality; for example, some suggest that, by "consolidating" various efforts, the IT community could build more highly advanced intelligent virtual assistants with more developed personalities and capabilities.

Segmentation:

The global intelligent personal assistant market can be segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by Platform: Comprises Smartphone, Tablets and Computers among others.

Segmentation by Technology: Comprises Voice Recognition, Natural language processing & Deep Learning among others.

Segmentation by Region: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

Regional Analysis:

North America is leading the market of intelligent personal assistant. High standard of living, high disposable income are some of major factors which is supporting the market in North America. Europe is holding second position in the market closely followed by Asia-Pacific. Asia-Pacific is emerging as fastest growing market. The main factor which is driving the market of IPA in Asia-Pacific is growth of countries and high adoption rate of technology. Most of the courtiers in Asia Pacific region is under developing phase and adopting new technologies for better growth in various sectors. High demand from India and China for smartphones and tablets are driving the market of IPA in this region.

Key Players:

Google Inc. (U.S.), Apple Inc. (U.S.), Microsoft (U.S.), Amazon (U.S.), Baidu (China), IBM (U.S.), AOL (U.S), Nuance (U.S.), Facebook Inc. (U.S.), Artificial Solutions (Spain) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Mobile Security Market.

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