Market Research Report
Virtual Personal Assistants (VPA) and Smart Speaker Market: Artificial Intelligence Enabled Smart Advisers, Intelligent Agents, and VPA Devices 2019 - 2024
|Published by||Mind Commerce||Product code||603626|
|Published||Content info||277 Pages
Delivery time: 1-2 business days
|Virtual Personal Assistants (VPA) and Smart Speaker Market: Artificial Intelligence Enabled Smart Advisers, Intelligent Agents, and VPA Devices 2019 - 2024|
|Published: June 17, 2019||Content info: 277 Pages||
The virtual personal assistant market includes cloud-based, artificial intelligence enabled smart adviser software, often used in conjunction with smart speakers that may be standalone (such as Amazon Echo) or integrated with other devices/equipment. VPAs are evolving to leverage autonomous agent functionality and smart machine technology to enable an ambient user experience for applications and services. VPA solutions go way beyond automating customer relationship management and reducing costs as AI enabled smart assistants also function as a marketing and sales agent as well as an extension of a company's brand. The millennial market in particular is anticipated to be a significant driver of overall usage including social media as well as digital content purchases and commerce involving physical goods and services as well.
Significant advances have been made in VPA technology thanks to market leaders such as Amazon's Alexa, Apple's Siri, Google Home, and Microsoft's Cortana. VPA enabled apps are becoming widespread to the point that they will be embedded within most services. The preferred user interface for many Internet and wireless apps will ultimately become integrated with smart advisers and rely upon next generation interactions such as Haptic UI and other dynamic and contextual actions and interfaces. VPA systems will also become increasingly dependent upon advanced data analytics to process the huge amount of data from a variety of sources to learn about users and organize information.
The preferred user interface for many Internet and wireless apps will ultimately become integrated with smart advisers and rely upon next generation interactions such as haptic UI and other dynamic and contextual actions and interfaces. VPA systems will be integrated with a few other emerging technologies areas such as IoT networks. By way of example, the cross-over between next generation UI and data analytics, VPA systems will also become increasingly dependent upon advanced data analytics to process the huge amount of data from a variety of sources to learn about users and organize information.
Mind Commerce sees the evolution of smart speakers for consumer markets and intelligent agent solutions for the business segment aligning closely with the evolution of AI and IoT in general. For example, the market is anticipated to hit a high-growth inflection point as open source software and APIs become available for application development. Leading companies such as MyCroft will enable a robust development community and widespread development of voice-enabled applications. While Apple and Google will continue to dominate their own vertically integrated ecosystem, VPA solutions for a wide variety of industry verticals will be dependent upon free and open-source voice assistants.
As the virtual personal assistant market becomes an increasingly more important part of the connected device market and intertwined with IoT solutions, and VPA systems are relied upon for voice control of consumer applications and business solutions, there will be a need for the IoT device management market to ensure proper privacy and security including access control and interface management.
This research provides an in-depth assessment of intelligent VPA and smart adviser market including an assessment of the emerging VPA market ecosystem including suppliers, customers, and partners. The report includes analysis of the key market players including their products, solutions, strategies, M&A, and partnerships. The report evaluates VPA and autonomous agents in all major market segments, business functions, and industry verticals with accompanying forecasts for 2019 through 2024. All direct purchases of Mind Commerce reports includes time with an expert analyst who will help you link key findings in the report to the business issues you're addressing. This needs to be used within three months of purchasing the report.