What is Intelligent Personal Assistant?
The intelligent personal assistant is the technology designed to assist people with very basic tasks like making a reservation in a hotel, assisting with the direction, in travel arrangements. playing music, news, weather forecast, etc with just the sentence via speech recognition feature or it can be the speech to text feature. The intelligent personal assistant is embedded in the vehicle, speakers, smartphones, etc to provide intelligent personal assistance in any task.
The market study is broken down by Type (Voice Recognition, Natural Language Processing and Deep Learning) and major geographies with country level break-up.
Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Google LLC (United States), Apple Inc. (United States), Microsoft Corporation (United States), Amazon.com, Inc. (United States), Artificial Solutions (Sweden), IBM (United States), Nvidia Corporation (United States), Intel Corporation (United States) and Nuance Communications (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Intelligent Personal Assistant market by Type, Application and Region.
On the basis of geography, the market of Intelligent Personal Assistant 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). If we see Market by Platform, the sub-segment i.e. Smartphone will boost the Intelligent Personal Assistant market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Speech Recognition will boost the Intelligent Personal Assistant market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Verticals, the sub-segment i.e. BFSI will boost the Intelligent Personal Assistant market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Features, the sub-segment i.e. Voice Input will boost the Intelligent Personal Assistant market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
On 13th August 2019, NVIDIA announced breakthroughs in language understanding that allow businesses to engage more naturally with customers using real-time conversational AI. NVIDIA's AI platform is the first to train one of the most advanced AI language models — BERT — in less than an hour and complete AI inference in just over 2 milliseconds. This groundbreaking level of performance makes it possible for developers to use state-of-the-art language understanding for large-scale applications they can make available to hundreds of millions of consumers worldwide.
Market Trend
- Increasing Use of Intelligent Personal Assistant in Smartphones with the Internet of Things (IoT) Integration
- Adoption of Intelligent Personal Assistant in Vehicles
Market Drivers
- Growing Artificial Intelligence Technology in Every Sector
- Increasing Number of Innovation in Electronic Products
- Rising Population with the Digitally Advanced Devices
Opportunities
- Rising Standard of Living and Purchasing Power Parity of People Around the Globe is Boosting the Adoption of Smart Devices with Intelligent Personal Assistant
Restraints
- Risk of Data Security Associated with Intelligent Personal Assistant Integrated with various Devices
Challenges
- Stringent Regulatory Compliances with Intelligent Personal Assistant
Key Target Audience
Intelligent Personal Assistant Developers, Intelligent Personal Assistant Industry Associations, Research and Development Institutes, Regulatory Bodies, Potential Investors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.