Assistant Software Market Scope
An assistant software is a software agent that is capable of performing simple tasks for end-users based on commands fed by the user in the form of voice or text. Basic tasks such as make or receive phone calls, add tasks to the calendar, play music, hear the news, weather or sports scores, provide directions can be achieved by this software program. Other services include controlling and checking the status of smart home devices, including lights, cameras. Examples of well-known assistant software include Google’s Siri, Google Now, and Microsoft Cortana. An assistant software is usually built into the OS or application and run on internet-connected devices. This software depends on artificial intelligent (AI) platforms, including machine learning, natural language processing, and speech recognition platforms. The advent of smart homes is providing increased compatibility and integration. This paves way for increased personalization. Brands are adopting assistant software technology with the main focus on improving customer experience.
In order to thrive, tech-giants are investing on research to leverage their products and services to customers. Apart from that, companies are acquiring start-ups to utilize resources and develop products. A shortage of skilled AI developers has turned the focus of tech-giants to acquiring start-ups with efficient AI solutions. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Assistant Software market throughout the predicted period.
Google LLC (United States), Apple (United States), Amazon (United States), Microsoft Corporation (United States), Brainasoft (United States), RoboBot Studio (United States), Artificial Solutions (Sweden), SoundHound Inc. (United States), Audioburst (United States) and Nuance Communications (United States) are some of the key players that are part of study coverage.
Segmentation Overview
The study have segmented the market of Global Assistant Software market , by Application (Smartphone & Tablet, Personal Computer, Wearables, Smart Speakers, Cars and Others) and Region with country level break-up.
On the basis of geography, the market of Assistant Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Adoption Of Smart Speakers Is Growing Rapidly and Speech-Based Assistant Software Is Highly Popular
Market Growth Drivers:
Technological Capabilities Are Attracting Users, Increasing Dependency on Electronic Devices to Perform Various Tasks and Increasing Demand for Hands-Free Interaction Capabilities in Cars
Challenges:
Privacy Issues Generated By Personal Assistants
Restraints:
Increasing Incidence of Data Breaching
Opportunities:
Rise Of Smart Homes And Increasing Penetration Of Internet-Of-Things (IoT), Rapidly Expanding Market For Smart Devices Is Providing More Utility and Increased Awareness And Higher Comfort Levels Demonstrated By Millennials
Market Leaders and their Expansionary Development Strategies
In December 2017, Apple, one of the leading tech giants acquired Pullstring. PullString’s team built a development platform designed to support the leading voice assistants, Alexa, and Google Assistant, and as a result, have deep domain knowledge. The acquisition was aimed to provide an in-depth knowledge around voice app development, voice app designer and developer needs. The acquisition has enabled quick developments in voice-enabled apps that take advantage of Siri.
In November 2018, Microsoft acquired XOXCO, an Austin-based company that builds bots and conversational artificial intelligence tools. XOXCO is the developer of "Howdy", the first commercially available bot on Slack that helps users schedule meetings. Microsoft claims that the acquisition will help beef up the Microsoft Bot Framework service, which supports more than 360,000 developers today.
Key Target Audience
Assistant Software Developer, Assistant Software End-User, Potential Technology Investors and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.