Pune, India, April 2020, MRFR Press Release/- Market Research Future has published a Half-Cooked Research Report on the Global Intelligent Personal Assistant Market.
As per the research by Market Research Future Reports (MRFR), the global market of an intelligent personal assistant is very competitive. To retain the market position and to enhance market growth, several established and famous international organizations, domestic companies, and as well as startups are entering the market and thereby creating an atmosphere of a hard competition of survival. The leaders of the market are continuously seeking market expansion by innovating, mergers and acquisitions, spending on research and development, and low-cost product portfolio. Most of the players are acquiring the firms and investing heavily in research and development. Maximum players are focusing on enhancing their regional presence with merging and acquisition. Today, the companies are spending more on innovations to allow virtual assistance to come into usage in several applications. This is eventually gaining fame as more enterprises offer utilities such as access to internal employee guides, better customer experience, wise reporting, and self-service. The higher adoption of technology for the betterment of different sectors is another reason for the expansion of the global intelligent personal assistant market 2020.
In the world, which is technology dependent intelligent personal assistant is considered to be the next revolutionary technology by many companies. IPA can change the way we live our lives, and that is why the tech giants like Google, Apple, Microsoft are spending enormously to improve their present intelligent personal assistants.
The global intelligent personal assistant market can be divided on the basis of technology, platform, and region.
On the basis of technology, the global intelligent personal assistant market can be segregated into Natural language processing & Deep Learning, Comprises Voice Recognition and others.
On the basis of platform, the global intelligent personal assistant market can be segregated into Tablets and Computers, and smartphones and others.
On the basis of region, the global intelligent personal assistant market can be segregated into Europe, North America, Asia Pacific, and the Rest of the World (RoW).
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Among all the regions analyzed, the North American region is dominating the global market of intelligent personal assistants. Owing to the high disposable income, high standard of living are some of the key factors propelling the market in North America.
The second position is attained by Europe, followed by the APAC region. The Asia Pacific market is the fastest developing market. The most important factor which brings an impact on the IPA market in the Asia Pacific region is the higher adoption rate of technology and the growth pace of the countries. The countries situated in the APAC region are in the phase of development and are willing to adapt to new technologies. With the presence of developing nations like China and India, the APAC regional market is likely to expand at a fast pace. The increasing demand for tablets and smartphones from China and India is anticipated to be a significant factor that is propelling the market.
The forefront players of the global market of the intelligent personal assistant are Artificial Solutions (Spain), Apple Inc. (U.S.), Google Inc. (U.S.), Microsoft (U.S.), Baidu (China), Amazon (U.S.), IBM (U.S.), Nuance (U.S.), AOL (U.S), Facebook Inc. (U.S.).
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