Over-The-Top Video Market Estimated To Grow to USD 94.3 Billion By 2026

New York City,15 January 2019:  The Report  “Over-The-TopVideo Market, [By Devices (Mobile Devices, Laptops and Desktops, Set Top Box, Gaming Consoles); By Revenue Model (SVOD, TVOD, AVOD, Others); By Deployment Model (On-Premise, Cloud-Based); By Region]: Market Size & Forecast, 2018 – 2026” The Over-The-Top Video Market is anticipated to reach around USD 94.3 billion by 2026. In 2017, the AVOD segment dominated the global market, in terms of revenue. North America is expected to be the leading contributor to the global over-the-top video market revenue during the forecast period.

The growing penetration of broadband infrastructure, and increasing adoption of device-based computing have boosted the adoption of OTT Video. over-the-top video market growth is also influenced by the increasing penetration of mobile devices and other connected portable devices. Moreover, development of new apps, features and independent platforms for OTT content has driven the over-the-top video market. OTT video services enable consumers to stream live content, download videos and movies, thereby increasing its popularity.

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North America Over-the-top Video Market Share By Revenue Model, 2017 - 2026

Increasing disposable incomes, and growth in media & entertainment industry further support the growth of this market. Availability of low cost OTT video services and rising need for a personalized experience has accelerated the adoption of OTT Video. Increasing investments by vendors in technological advancements coupled with increasing demand from emerging economies further boost the market growth.

North America generated the highest revenue in the market in 2017, and is expected to lead the global over-the-top video market throughout the forecast period. The high disposable incomes in the region, and growing media and entertainment industry drive the market growth in the region. There has been a significant increase in the consumption of online video content in the region. Favorable government regulations in the region boost the market growth in the region. Local players are introducing low cost OTT Video with advanced technologies to cater to the growing demand of consumers. Numerous key players have adopted partnership and expansion strategies to increase their market share in OTT Video markets of the North American region.

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The major companies operating in the over-the-top video market include Microsoft Corporation, Yahoo Inc., Amazon.com, Google Inc., Netflix Inc., Roku, Inc., Hulu, Apple, Inc., Akamai Technologies, Facebook, Inc., Limelight Networks, Inc., and Tencent Holdings Ltd. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.

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Artificial Intelligence Market Set to Exceed USD 54 billion by 2026

New York City, 15 Jan 2019: The Report “Artificial Intelligence Market [By Technology (Machine Learning, Natural Language Processing, Speech Recognition, Image Processing); By End-use Verticals (BFSI, Transportation & Automotive, Healthcare, Retail, Manufacturing, Media & Advertising, Others); By Regions]: Market Size & Forecast, 2017 – 2026” According to a new study published by Polaris Market Research the Global Artificial Intelligence Market is anticipated to reach USD 54 billion by 2026.

The advancements of robots and the rise in their deployment rate particularly, in the developing economies globally have had a positive impact on the global artificial intelligence market. Augmented customer experience, expanded application areas, enhanced productivity, and big data integration has highly propelled artificial intelligence market worldwide. Although, absence of adequate skilled workforce as well as threat to human dignity are some of the factors that could affect the growth of the market. However, these factors are expected to have minimal impact on the market attributed to the introduction of advanced technologies.

An extraordinary increase in productivity has been achieved with machine-learning. For instance, Google, with the help of its experimental driverless technology has transformed cars including, Toyota Prius. Integration of various tools by artificial intelligence has helped in the transformation of business management. These tools include brand purchase advertising, workflow management tools, trend predictions among others. For example, the Google’s voice accuracy technology has 98% of accuracy rate. Furthermore, Facebook’s DeepFace technology has a success rate of approximately 97% in recognizing faces. Such accuracy in technologies is further anticipated to bolster the market growth during the forecast period.

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North America Artificial Intelligence Market, By End-use Verticals, 2017 - 2026

Currently, North America dominates the global Artificial Intelligence marketattributed to the high government funding availability, existence of prominent artificial intelligence providers in the region, and robust technical adoption base. Also, the region is expected to continue its dominance during the forecast period. Moreover, the adoption of cloud-based services in key economies, such as the US and Canada, is considerably adding to the market growth in the North American region. The markets in Asia Pacific, MEA and South America region are expected to notice a high growth during the coming years. The growth in Asia Pacific region is attributed to the increasing demand for artificial technologies by the developing economies. Thus, the region is anticipated to grow at the highest CAGR during the forecast period.

Major companies profiled in the report include Google Inc., Intel Corporation, Nvidia Corporation, Microsoft Corporation, IBM Corporation, General Vision, Inc., Qlik Technologies Inc., MicroStrategy, Inc., Brighterion, Inc., and Baidu, Inc. among others.

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Key Findings from the study suggest North America is expected to command the market over the forecast years. APAC is presumed to be the fastest growing market, developing at a CAGR of more than 65% over the forecast period. The artificial intelligence market is presumed to develop at a CAGR of over 55.9% from 2018 to 2026. The high implementation of artificial intelligence in several end-user verticals including, retail, automotive and healthcare is projected to boost the growth of the market over the forecast period. Several companies are making considerable investments to integrate artificial intelligence competences into their portfolio of products. For instance, in 2016, SK Telecom and Intel Corporation signed an agreement for the development of the artificial intelligence based vehicle-to-everything (V2X) technology as well as video recognition.

About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.

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In-flight Entertainment and Connectivity Market Set to Exceed 9.09 billion by 2026 : Polaris Market Research

New York City, 14 January 2019:  The Report "In-flightEntertainment and Connectivity Market, [By Product (Hardware, Connectivity, Content); By Aircraft (Narrow-body aircraft, Very-large aircrafts, Wide-body aircraft, Business Jets); By Regions]: Market Size & Forecast, 2018 – 2026." The Global In-flight entertainment and connectivity market is anticipated to reach USD 9.09 billion by 2026 according to a new study published by Polaris Market Research.

The development of innovative wireless solution and rising BYOD trend is anticipated to propel the market growth for In-flight entertainment and connectivity market. Further, the demand is propelled by mounting commercial aviation & fleet expansion. Also, rising HD content availability across various platforms is anticipated to bolster the market demand. However, recent administrative regulations for integration of In-flight entertainment and connectivity into aircrafts in several developed economies such as US is expected to control the industry progress. Such regulations limits the integration of in-flight entertainment and connectivity systems to a certain degree for ensuring safe travel by reducing the possibility of accidents related to weight and cabling of the in-flight entertainment and connectivity systems. Also, the high costs associated to procurement and content services can also restrict the market growth.

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Moreover, the launch high throughput satellites in the Ku Band and Ka Band has provided new opportunities to the In-Flight Entertainment and Connectivity Market, as these innovations are anticipated to result in augmentation of data speeds for connectivity thereby, making the service cost-efficient. Also, with the increasing competition in the airline industry, key players operating in the market are adopting cabin connectivity resulting in pressuring adoption of in-flight entertainment and connectivity systems by other players to efficiently compete in the In-Flight Entertainment and Connectivity Market.

North America and Asia Pacific region are witnessing a rise in demand for narrow body airplanes owing to increasing air traffic, and rising affordability of the population to afford air travel. Thus, with the rise in air traffic, the airlines industry is becoming highly competitive and the demand for in-flight entertainment and connectivity systems by these airlines are observing high growth. High flight connectivity in US and Canada has resulted in positioning North America as an attractive market, followed by Europe. However, the market growth in Asia Pacific In-Flight Entertainment and Connectivity Market is projected to grow at a highest CAGR during the forecast period.

  

Major industry players in In-Flight Entertainment and Connectivity Market include GoGo, Panasonic Avionics, OnAir, Global Eagle Entertainment, Honeywell, Inmarsat, Thales, Zodiac Aerospace, Echostar Corporation and Rockwell Collins among others Several players in the market are adopting the strategy of mergers and acquisitions with an aim to offer improved service portfolio coupled with high-speed at cost-effective pricing. Also, companies are highly focused towards product development. For instance, recently, GoGo announced the introduction of Gogo Vision Touch, a seatback product.

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About Polaris Market Research

Polaris Market Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients present globally. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities.

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Well Cementing Services Market Estimated to Grow at a CAGR of 4.9% From 2018 - 2026

New York City, 14 January 2019: The Report “Global Well Cementing Services Market, [By Process Type (Primary Cementing, Remedial Cementing, Others); By Application (Onshore and Offshore); By Regions]: Market size & Forecast, 2018 – 2026 “The global well cementing services market is anticipated to grow at a CAGR of 4.9% during the forecast period.

The increasing demand for energy, hence forth the expansion of oil & gas exploration and production towards new fields, deep strata, drilling and completion engineering confront with several cementing problems. But, the increasing demand for hydrocarbon has also lead to significant technological developments that has helped in solving cementing problems under complex operating and geologic conditions including brine, salt gypsum formations, HTHP, long cemented sections, sour gas reservoirs etc. Anti-channeling evaluation method, close packaging method, cement ring failure evaluation, etc. and other complex oil and gas well cementing technologies such as leak well, deep well, horizontal well, salt gypsum, glass storage cementing processes are the recently developed and most widely used technologies currently. Industry participants have been developing partnerships among themselves and developing several novel well cement types for improved and more efficient operational advantages.

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North America Well Cementing Services Market Share By Process Type, 2017-2026

The dip in crude prices has however significantly affected the well cementing service market up to certain extent. Stringent regulations regarding cementing processes and its materials are anticipated to restrain the well cementing service market in several geographies. As this industry is fully dependent on production of oil and gas and its low prices has been a major concern. The dip in crude prices is anticipated to enhance strong economic growth however; the situation has disrupted regional growth among the oil producing nations. API standards for the cement used for cementing services have several classifications and different grades of cement are used in different geographies. Remedial well cementing services have been very popular in the low crude price era. Several new unexplored reserves in Brazil, China, Russia and several parts of Europe is expected to drive further demand of these services.

The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Well Cementing Services Market, 2017–2026. This report comprises a detailed geographic distribution of the market across North America, Europe, APAC and South America, and MEA. North America is further segmented into U.S., Canada. Europe is divided into Germany, UK, Italy, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.

Competitive Landscape and Key Vendors

Middle East & Africa, considered as a combined well cementing services market account for the maximum share in 2017. Increasing exploration and drilling operations in several African countries is the major factor driving the regional well cementing service market along with the Middle East countries exceptionally higher figures of well counts in a worldwide scale. North America is anticipated to be the second leading well cementing services market in terms of revenue generation form well cementing operations. Asia Pacific is among the fast growing regional well cementing services market driven by significantly increasing E&P operations in the past few years.

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Some of the leading industry participants in well cementing services market include Gulf Energy LLC, Sanjel Corporation, Condor Energy Services Ltd., Nabors Industries Ltd., Calfrac Well Services Ltd., Trican Well Service Ltd., Schlumberger Limited, Weatherford International Inc., Halliburton, Inc., Baker Hughes Inc., Nine Energy Service, Inc., Consolidated Oil Well Services, Magnum Cementing Services Ltd., Viking Services, Tenaris, Vallourec, Top-Co and China Oilfield Services Ltd.

About Polaris Market Research

Polaris Market Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients present globally. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities.

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Omega 3 Market Size Estimated To Reach USD 4,262.5 Million in 2026 | Polaris Market Research

New York City, 16 January 2019: The Report “Omega3 Market [By Type (Docosahexaenoic Acid (DHA), Eicosapentaenoic Acid (EPA), Alpha-Linolenic Acid (ALA)); By Source (Plant Sources, Marine Sources, Others); By Application (Functional Food and Supplements, Pharmaceutical, Infant Formula, Animal Feed, Others); By Region]: Market Size & Forecast, 2017 – 2026 “According to Market Research the Omega 3 market is anticipated to reach over USD 4,262.5 million by 2026. In 2017, the functional food and supplements segment dominated the global market, in terms of revenue. North America was the leading contributor to the global market revenue in 2017.

The different applications of Omega 3 include functional food and supplements, pharmaceutical, infant formula, animal feed, and others. In 2017, functional food and supplements segment accounted for the highest market share. Use of omega 3 in functional food and supplements provide proper nutrition and enable efficient functioning of human bodies. The increasing demand of functional food and supplements from athletes and sports sector further supports market growth

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North America Omega 3 Market By Application, 2017 - 2026

A significant increase in awareness regarding a healthy diet, changing lifestyles, and health benefits offered by Omega 3 drive the growth of this market. Other driving factors include growing inclination towards use of natural and organic products, and increasing use of Omega 3 in functional food and pharmaceutical. Increasing demand from developing nations is expected provide numerous growth opportunities to the market players during the forecast period

There has been a growing awareness regarding health benefits offered by Omega 3 among consumers. Omega 3 assists in body functions such as muscle activity, brain development and functioning, blood clotting, digestion, fertility, and cell division and growth, which has increased its adoption. Use of EPA also helps in controlling anxiety, depression and other related health problems.

North America generated the highest revenue in the market in 2017. The increasing geriatric population in the region coupled with high disposable income drives the market growth. The increasing demand of Omega 3 in the region is owing to high consumer awareness regarding the benefits of Omega 3, and growing health concerns. Asia-Pacific is expected to grow at the highest CAGR during the forecast period owing to increasing disposable incomes in developing countries of this region, and rising demand of Omega 3 for infant formula, animal feed, and pharmaceutical.

Improvement in lifestyle due to rise in income level, especially in the developing countries of Asia-Pacific fuels the demand for Omega 3 market. Factors such as increase in per capita income, changes in consumer behavior, and increased awareness regarding health and nutrition are expected to accelerate the adoption of Omega 3 in the coming years.

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Leading Top Companies Profiles: Omega Protein Corporation, Croda International PLC, Arista Industries Inc., Cargill, Inc., Royal DSM, Pharma Marine AS, GC Reiber Oils, Nordic Naturals Inc., Reckitt Benckiser Group plc, Pharma Nord B.V., Pharmavite LL, and Natrol LLC among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.

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Cyber Security Growth and Competitive Analysis Report 2025

According to a new research published by Polaris Market Research, the Cyber Security market is anticipated to reach over USD 269 billion by 2026. In 2017, the enterprise segment dominated the global market, in terms of revenue. North America is expected to be the leading contributor to the global market revenue in 2017.

The growing need for protection of sensitive data, and increasing cyber terrorism has boosted the adoption of cyber security solutions. The rising penetration of mobile devices, and increasing trend of BYOD further support the growth of this market. Additionally, the increasing demand of cyber security solutions from small and medium enterprises has supported market growth over the years. Increasing investments by vendors in technological advancements coupled with growing demand for cloud-based cyber security solutions would accelerate the growth of the cyber security market. However, However, growing use of pirated cyber security solutions, and complexities associated with device security hinder market growth. Growing demand from emerging economies is expected to provide numerous growth opportunities in the coming years.

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Top Companies Player:

Symantec Corporation, Cisco Systems Inc., BAE Systems Inc., EMC Corporation, Hewlett-Packard Enterprise, Intel Security, Palo Alto Networks, Proofpoint Inc., LogRhythm Inc., IBM Corporation, Fortinet, Inc., and Centrify Corporation among others.  

The cases of cyber-attacks in the healthcare sector have increased significantly over the years. The high demand for electronic health records in the black market has resulted in numerous cyber-attacks. The healthcare sector is prone to cyber-attacks owing to limited budget allocation by healthcare institutions for cyber security. The healthcare sector is dominated by small practices and rural hospitals, which lack the resources for investment in cyber security, thereby increasing risks of cyber-attacks. However, introduction of affordable cyber security solutions for healthcare sector, increasing awareness, and growing incidences of cyber-attacks are expected to promote the adoption of cyber security in this sector.

North America generated the highest revenue in the market in 2017, and is expected to lead the global market throughout the forecast period. The increase in number of cyber-attacks, and growing trend of BYOD drive the market growth in the region. The growing penetration of mobile devices, and technological advancements further support market growth in the region. The increasing spending on data protection in BFSI and defense sectors in the region further promote market growth in the region. Asia-Pacific is expected to grow at the highest CAGR during the forecast period owing to growing need for data privacy across various industries in the developing countries of the region.

The end-users in Cyber Security market include BFSI, IT & Telecom, healthcare, retail, defense and government, travel and hospitality, and others. In 2017, the defense and government segment accounted for the highest market share owing to increasing need to protect sensitive data and avoid cyber-attacks. The growing government spending to provide enhanced cyber security to the public sector and increasing implementation of cyber security installations in the defense sector, especially in developing countries, supports the market growth in this sector. The increasing adoption of cloud-based cyber security in this sector is expected to support market growth in the coming years.

The well-known companies profiled in the report include These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

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About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.

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Unified Communications Market Technology, Growth and Competitive Analysis Report 2026

According to a new research published by Polaris Market Research, the Unified Communications market is anticipated to reach over USD 186 billion by 2026. In 2017, the IT & telecom segment dominated the global market, in terms of revenue. North America is expected to be the leading contributor to the global market revenue during the forecast period.

Top Companies Profiles :

Cisco Systems Inc., Microsoft Corporation, Avaya Inc., IBM Corporation, Verizon Communications, Inc., Polycom, Inc., BT Group, Alcatel-Lucent, NEC Corporation, Unify GmbH & Co. KG, Plantronics Inc., and ShoreTel Inc. among others.

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The use of digital assistants and bots in unified communications is expected to increase in the coming years. Computer programs in the form of bots simulate conversation with users through chat windows and voice calls. They have the ability to perform a number of different automated tasks such as scheduling meetings, managing finances, and others. They also assist in successful use of unified communication tools. These bots could be used as an automated attendant monitoring the interactions on unified communication systems and offering instructions to users. 

The growing need to improve workforce productivity, streamline enterprise communication, and provide a collaborative working environment has boosted the adoption of unified communication. The penetration of mobile devices, and increasing trend of BYOD further support the growth of this market. Additionally, the increasing demand of unified communication from small and medium enterprises has supported market growth over the years. Increasing investments by vendors in technological advancements coupled with growing demand for cloud-based unified communication services would accelerate the adoption of unified communication. However, growing concerns regarding data security, and lack of interoperability is expected to hinder market growth. Growing demand from emerging economies is expected to provide numerous growth opportunities in the coming years.

North America generated the highest revenue in the market in 2017, and is expected to lead the global market throughout the forecast period. The presence of established telecom and cloud infrastructure in this region, and growing trend of BYOD drive the market growth in the region. The growing demand of mobile devices, and technological advancements further support market growth in the region. Asia-Pacific is expected to grow at the highest CAGR during the forecast period owing to growing demand of effective enterprise communication technologies in the developing countries of the region.\

The end-users in unified communications market include BFSI, IT & Telecom, healthcare, retail, education, travel and hospitality, and others. In 2017, the IT & Telecom segment accounted for the highest market share owing to increasing need to improve enterprise communication, and improve productivity. The demand for unified communication has increased from startups operating in this sector to improve workforce collaboration, and reduce costs.  The increasing adoption of cloud-based unified communication in this sector is expected to support market growth in the coming years.

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About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.

Contact us

Mr. Neel
Corporate Sales, USA
Polaris Market Research
Phone: 1-646-568-9980
Email: neel@polarismarketresearch.com
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Intelligent Virtual Assistant Market Global Competitive Analysis, Growth and Application Report

Intelligent Virtual Assistant market is anticipated to reach over USD 21,523.6 million by 2026 according to a new study published by Polaris Market Research. In 2017, the BFSI segment dominated the global market, in terms of revenue. North America is expected to be the leading contributor to the global market revenue during the forecast period.

Top Companies Profiles :

Apple Inc., Microsoft Corporation, Google, Nuance Communications, IBM Corporation, Oracle Corporation, [24]7.ai., Speaktoit Inc., CodeBaby Corporation, Next IT Corporation, Intel Corporation, and Clara Labs among others.

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The growing need to improve customer service, streamline enterprise communication, and increase productivity has boosted the adoption of intelligent virtual assistants. The rising penetration of mobile devices, and integration of virtual assistants with smart home appliances further support the growth of this market. Additionally, the increasing demand of intelligent virtual assistants from small and medium enterprises has supported market growth over the years. Increasing investments by vendors in technological advancements coupled with growing need to improve customer experience would accelerate the adoption of intelligent virtual assistants. However, lack of awareness is expected to hinder market growth. Growing demand from emerging economies is expected to provide numerous growth opportunities in the coming years.

The use of digital assistants and bots is expected to increase in the coming years. Computer programs in the form of bots simulate conversation with users through chat windows and voice calls. They have the ability to perform a number of different automated tasks such as scheduling meetings, managing finances, and others. They also assist in successful use of unified communication tools. These bots could be used as an automated attendant monitoring the interactions and offering instructions to users. 

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Intelligent virtual assistants are gradually replacing traditional interactive voice response systems. Use of intelligent virtual assistants is proving effective by enhancing customer and brand experience, and providing a consumer-friendly environment. The virtual assistants also offer a platform for convenient communication within businesses through voice, text, and other channels.

North America generated the highest revenue in the market in 2017, and is expected to lead the global market throughout the forecast period. The presence of established telecom and cloud infrastructure in this region, and growing trend of BYOD drive the market growth in the region. The growing demand of mobile devices, and technological advancements further support market growth in the region. Asia-Pacific is expected to grow at the highest CAGR during the forecast period owing to growing demand of virtual assistant technologies in the developing countries of the region.

The end-users in intelligent virtual assistant market include healthcare, education, retail, BFSI, government, and others. In 2017, the BFSI segment accounted for the highest market share owing to increasing need to offer enhanced customer services, and improve productivity. The demand for intelligent virtual assistants has increased from organizations operating in this sector to improve workforce collaboration, client interaction, and reduce costs. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

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About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavour to deliver value-added business solutions to our customers.

Contact us

Mr. Neel
Corporate Sales, USA
Polaris Market Research
Phone: 1-646-568-9980
Email: neel@polarismarketresearch.com
Web: www.polarismarketresearch.com