The Incredible Growth of Virtual Personal Assistants (VPA) Industry 2020

 A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of Global Virtual Personal Assistants Market. 

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The report analyzes the Global Virtual Personal Assistants Market By Product Type (Chatbots and Smartspeakers) and By Application (Text/Online Chat and Voice), By Mode of Interaction (BFSI, E-commerce, Government, IT & Telecom, Personal, Others). The Global Virtual Personal Assistants Market has been analyzed By Region (North America, Europe, APAC, ROW) and By Country (US, Canada, Germany, France, UK, China, Japan, India, Brazil, Mexico) for the historical period of 2014-2018 and the forecast period of 2019-2024.

Smart speakers and Voice virtual assistants are the segments that have been witnessing growth at a noteworthy rate over the past few years owing to increasing adoption of voice assistants by major corporate houses and Ecommerce companies who are focusing on maintaining a healthy relation with their customers by timely addressing their queries supported by powering millennial population and growth internet access to users. Amongst the regions, North America accounts for the largest regional share in the Global Virtual Personal Assistants Market in 2019. Key factors driving the robust growth rate in North America region include rapid adoption of latest technology by major tech giants in the region backed with growing prevalence of smart homes technology which directly impact the market for virtual Assistants, thereby anticipated to infuse positive growth in the region during the forecasting period.

The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the Global Virtual Personal Assistants Market. Additionally, the report also highlights market entry strategies for various companies across the globe.