Asia Pacific Intelligent Virtual Assistant Market Size & Outlook
Asia Pacific intelligent virtual assistant market, 2017-2030 (US$M)
Related Markets
Asia Pacific intelligent virtual assistant market highlights
- The Asia Pacific intelligent virtual assistant market generated a revenue of USD 814.1 million in 2023.
- The market is expected to grow at a CAGR of 25.9% from 2024 to 2030.
- In terms of segment, chatbot was the largest revenue generating product in 2023.
- Smart Speakers is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 814.1 million |
| Market revenue in 2030 | USD 4,071.6 million |
| Growth rate | 25.9% (CAGR from 2023 to 2030) |
| Largest segment | Chatbot |
| Fastest growing segment | Smart Speakers |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Chatbot, Smart Speakers |
| Key market players worldwide | Amazon.com Inc, Apple Inc, Baidu Inc ADR, Alphabet Inc Class A, International Business Machines Corp, EGain Corp, Microsoft Corp, Verint Systems Inc, Nuance Communications, Oracle Corp |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 26.5% of the global intelligent virtual assistant market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 4,071.6 million by 2030.
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Intelligent Virtual Assistant Market Scope
Intelligent Virtual Assistant Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific intelligent virtual assistant market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to intelligent virtual assistant market will help companies and investors design strategic landscapes.
Chatbot was the largest segment with a revenue share of 67.82% in 2023. Horizon Databook has segmented the Asia Pacific intelligent virtual assistant market based on chatbot, smart speakers covering the revenue growth of each sub-segment from 2017 to 2030.
- Asia Pacific Intelligent Virtual Assistant Product Outlook (Revenue, USD Million, 2017-2030)
- Chatbot
- Smart Speakers
- Asia Pacific Intelligent Virtual Assistant Technology Outlook (Revenue, USD Million, 2017-2030)
- Automatic Speech Recognition
- Text to Speech
- Text based
- Asia Pacific Intelligent Virtual Assistant Application Outlook (Revenue, USD Million, 2017-2030)
- BFSI
- Consumer Electronics
- Automotive
- Healthcare
- Education
- Retail
- IT & Telecom
- Travel & Hospitality
- Others
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Target buyers of Asia Pacific intelligent virtual assistant market databook
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Our clientele includes a mix of intelligent virtual assistant market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific intelligent virtual assistant market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific intelligent virtual assistant market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific intelligent virtual assistant market size, by country, 2017-2030 (US$M)
Asia Pacific Intelligent Virtual Assistant Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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