Intelligent Virtual Assistant Revenue to Reach $50.9 Billion
The global intelligent virtual assistant market — including text-to-speech and speech recognition — is projected to reach $50.9 Billion by 2030, growing at a CAGR of ~6% from 2020 to 2030. North America will dominate the market during the forecast period.
The Evolution of Commercial Voice Assistant Applications
Juniper Research estimates that voice assistants will be in use on over 4 billion devices by the end of 2020. The mass adoption of artificial intelligence (AI), and chatbots in particular, is fueling the rapid shift towards voice-activated services.
Emotion AI Systems Will Transform Personal Devices
Artificial intelligence (AI) systems are already very sophisticated. Gartner predicts that by 2022, AI-enabled personal devices will know a lot more about that person’s emotional state. Moreover, AI is a disruptive force that will reshape the way we interact with many personal devices.
Virtual Assistant Apps Adopted by Telecom Providers
More telecom service providers will invest in emerging technologies that enable them to improve operational productivity via automation, and introduce new capabilities for their customers. Virtual assistant applications are emerging, as telcos start to deploy artificial intelligence (AI) and machine learning (ML).
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