Global Digital Assistant Market, By Product (Apple SIRI, Google Assistant, Microsoft Crotona, Amazon Alexa), Deployment (On-Premise, On-Cloud), Application (Smartphones, Wearable, Smart Homes, TV Devices), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Digital Assistant Market
The digital assistant market is expected to witness market growth at a rate of 34.20% in the forecast period of 2021 to 2028 and is expected to reach USD 40,781.19 million by 2028. Data Bridge Market Research report on digital assistant market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increasing technological innovations are escalating the growth of digital assistant market.
The rise in the demand for consumer electronic products such as smart speakers and smartphones acts as one of the major factors driving the growth of digital assistant market. The increasing in popularity of digital assistants for various purposes such as attaining sports scores, order food and others, and high usage of internet of things accelerate the digital assistant market growth. The growing usage of IVAs because of the evolution of communication network technologies that provide fast internet speeds to consumers and surge in investments in IVAs with the purpose of reducing the number of customer service agents’ further influences the digital assistant market. Additionally, increasing need for agents that are automated and can resolve queries with ease, technological advancements, increase in demand for outsourced assistance, growing customers demand for digital assistants for rapidity and flexibility, high adoption of M2M technology and IoT, need for a personal digital assistant and personal digital assistant computers and rising focus on improving customer satisfaction positively affect the digital assistant market. Furthermore, availability of advanced features such as the ability to recognize different languages and responding through voice or text extend profitable opportunities to the digital assistant market players in the forecast period of 2021 to 2028.
On the other hand, the increasing risk of security flaws and the dearth of skilled professionals are the factors expected to obstruct the digital assistant market growth. The fluctuation of raw materials and high initial prices of products are the projected to challenge the digital assistant market in the forecast period of 2021-2028.
This digital assistant market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on digital assistant market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Digital Assistant Market Scope and Market Size
The digital assistant market is segmented on the basis of product, deployment and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the digital assistant market is segmented into Apple SIRI, Google Assistant, Microsoft Crotona and Amazon Alexa.
- On the basis of deployment, the digital assistant market is segmented into on-premise and on-cloud.
- On the basis of application, the digital assistant market is segmented into smartphones, wearable, smart homes and TV devices.
Global Digital Assistant Market Country Level Analysis
The digital assistant market is analyzed and market size, volume information is provided by country, type, product, deployment and application as referenced above.
The countries covered in the digital assistant market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the digital assistant market due to the high adoption of home speakers, technological advancements, developed network architecture, growing awareness about the benefits of intelligent virtual assistants, changing BYOD trends, improving efficiency of healthcare systems and growing rate of remote working in the region. Asia-Pacific is considered as the second largest market because of the China’s developing consumer electronics and retail sectors, launch of products enabling a device or an app to serve as an AI agent, growing adoption of cloud based services by industries, development of intelligent virtual assistants that are AI-powered for professional conversation and improvement in network infrastructure in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Digital Assistant Market Share Analysis
The digital assistant market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to digital assistant market.
The major players covered in the digital assistant market report are IBM Corporation, Cisco, Google, Microsoft, Oracle, Facebook Inc., Amazon Inc., Customer Inc., Artificial Solutions, Nuance Communications, Inc., Baidu, Inc., Samsung C&T Corporation, Apple Inc., Alphabet, eGain Corporation, Amelia US LLC, Verint, Clara Labs, Creative Virtual Ltd., Kognito, MedRespond among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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