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The latest Health Intelligent Virtual Assistant Market analysis and research report talks about major applications of Health Intelligent Virtual Assistant, growth of these segments as well as offers insights into companies active in this industry and their information.

The medical industry report “Health Intelligent Virtual Assistant Market Size By Technology (Speech Recognition, Text –to-Speech, Voice Recognition) By End-User (Payers, Providers, Others), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, China, India, Japan, Australia, Brazil, Mexico, South Africa), Application Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024”, by Global Market Insights, Inc. says Health Intelligent Virtual Assistant Market size is set to exceed USD 1.5 billion by 2024.

Rising smartphone users worldwide coupled with increasing use of health apps and growing popularity of internet of things is set to drive health intelligent virtual assistant market growth. Mobile healthcare technology has gained immense popularity among populations all over the globe. The increased adoption of heath apps demonstrates the shift in trend in patient care; wherein service over mobile devices is being preferred over visiting the physicians.

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Growing popularity of internet of things is likely to further stimulate health intelligent virtual assistant business growth. The use of internet of things in healthcare has increased both the size as well as accuracy of medical data through variety of data collection, and expanded the reach of healthcare professionals beyond their limited facilities.

Increasing lifestyle related disorders coupled with rising health consciousness should also drive the health intelligent virtual assistant market. Lifestyle diseases remain the leading cause of death worldwide. Intelligent virtual assistants respond to the voice or text queries through mobile devices or health apps, thus increasing patient engagement and improving self-management skills for chronic disease. Thus, rising global chronic disease burden across the globe in healthcare industry should further augment health intelligent virtual assistant market growth in coming years.

Growing need to reduce healthcare costs and improve quality of care will fuel health intelligent virtual assistant market growth. Promising improvements in healthcare infrastructure, patient experience will restructure the healthcare delivery over the coming years. To reduce the medical errors and improve the quality of healthcare has been the first preference of Agency for Healthcare Research and Quality (AHRQ).  

Browse key industry insights spread across 105 pages with 52 market data tables & 8 figures & charts from this 2017 report Health Intelligent Virtual Assistant Market in detail along with the table of contents at:

https://www.gminsights.com/industry-analysis/health-intelligent-virtual-assistant-market

Lack of awareness regarding accuracy and personalization in intelligent virtual assistants in certain regions and, lack of skilled people should hinder health intelligent virtual assistant market growth over forecast years.

Speech recognition will witness significant growth over the forecast years due to tremendous rise in demand for documentation with increasing adoption of electronic medical records. The use of speech recognition helps to improve and enhance clinical documentation in various ways by complementing the work of medical transcriptionists, attributing to its growth over the coming years.

Payers should will manifest a robust growth to surpass USD 600 million by 2024. Payers are modernizing the infrastructure, protecting and securing the patients data and improving the interoperability. Payers strive to deliver quality, efficiency, and patient satisfaction in service by using intelligent virtual assistant.  

U.S. health intelligent virtual assistant market accounted for the largest regional industry share in 2016. Wide spread adoption of healthcare IT, technologies for effective healthcare system and increasing smartphone users in the U.S. will stimulate industry growth.

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UK held considerable regional health intelligent virtual assistant market share in 2016 owing to adoption of advanced healthcare technologies. Rising penetration of the internet of things coupled with increasing regulation act related to communication and data should drive business growth in coming years. 

Japan health intelligent virtual assistant market attributed for over 30% of Asia-Pacific share in 2016, witnessing healthy growth over the forecast years. Increasing investment by market players for technological development and improved economic indicators should stimulate business growth. Growing aging population and rising uptake of intelligent virtual assistant solutions associated with healthcare should fuel the industry growth.

Brazil held highest regional market share in 2016 witnessing lucrative growth over the forecast years. Rapidly growing economy and need for better healthcare should promote the adoption of health intelligent virtual assistant across different healthcare organizations.

Some of the prominent industry players offering unique and advanced products include Next IT Corporation, Microsoft Corporation, Nuance Communications and eGain Communication. Other notable industry participants are True Image Interactive, CodeBaby, Kognito, Medrespond, Welltok and CSS Corporation.

Agreement and acquisition are some of the major strategies adopted by industry participants. The players are introducing innovative health technology solutions with enhanced features as a part of their commercialization strategy. For instance, Microsoft Corporation and University of Pittsburg Medical Centre together launched the health solution called Healthcare NeXT aiming at transforming healthcare.

Browse Related Reports:

Healthcare Artificial Intelligence Market Size By Application (Medical Imaging & Diagnosis, Drug Discovery, Therapy Planning, Hospital Workflow), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Brazil, Mexico, South Africa), Growth Potential, Competitive Market Share & Forecast, 2017 – 2024

https://www.gminsights.com/industry-analysis/healthcare-artificial-intelligence-market

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email:
sales@gminsights.com
Web: https://www.gminsights.com
Blog: https://gminsights.wordpress.com
Connect with us: Facebook | Google+ | LinkedIn | Twitter

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Industry Overview

The report Intelligent Virtual Assistant (IVA) Market Size By Technology (Speech Recognition, Text-To-Speech, Voice Recognition), By Service (Customer Service, Marketing Assistant), By Application (Automotive, BFSI, Retail, IT & Telecom, Healthcare, Education), By End-Use (SMBs, Large Enterprises, Individual Users), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024” by Global Market Insights, Inc. says Global intelligent virtual assistant market size is estimated to grow at an annual growth rate of 34.9% over the coming seven years.

Rapid technological advancements and innovations will stimulate intelligent virtual assistant (IVA) market share over the coming period of 2016 to 2024. The technology assisted advantages such as high customer satisfaction, enhanced support, personalized customer service, low operating cost, and multiple languages & device support will increase the demand for IVA worldwide. Healthcare and automotive sector are increasingly adopting speech recognition technology, which will further significantly drive IVA industry share. The huge investment in R&D by firms to enhance their products and solutions portfolio in sync with the latest technological trends will noticeably influence the industry trends.

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Automotive, healthcare, BFSI, IT & telecom, education, and retail are some of the key application areas for the intelligent virtual assistant market. The automotive application is estimated to surpass a revenue of USD 2.8 billion by 2024, owing to the increasing incorporation of IVA technology for the automotive sector. For instance, dragon drive automotive virtual assistant platform for connected cars has been released recently, which improves the in-car experience of the driver.

The escalating healthcare sector will generate heavy revenue for intelligent virtual assistant industry over the coming period, driven by its increasing requirement from hospitals to request lab results as well as to schedule appointments. Retail applications will also play a significant role towards intelligent virtual assistant market growth over the coming timeframe, owing to the quick and cost-effective problem-solving capability.

The IVA technology is segmented in terms of speech recognition, voice recognition, and text-to -speech. Speech recognition technology is predicted to surpass a revenue of USD 7.5 billion by 2024, driven by its increasing implementation in mobile devices. Voice recognition IVA technology is estimated to exhibit substantial growth over the coming years. The growth can be attributed to the increasing demand for this technology for voiceprints and biometric identification applications.

Based on end-use, intelligent virtual assistant market mainly comprises large enterprises, small & midsized business (SMBs), and individual users. SMBs end user segment is projected to witness an annual growth rate of 37% over the coming seven years owing to the increasing adoption of IVA technology by SMBs, due to its advantages such as reduced operating cost and improved business quality.

The IVA service includes customer service and marketing assistant. IVA technology helps to solve large number of customer’s problems with dynamically improved and refined way. This, in turn, will surge the demand for IVA technology for customer service, which is anticipated to exhibit a CAGR of 35% over the period of 2016 to 2024.

Taking into consideration the global aspects, North America is expected to dominate the industry share over the coming years, owing to the huge implementation of BYOD and enterprise mobility business model. Increasing demand for smartphone-assisted platform will influence North America IVA industry growth notably.

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Asia Pacific intelligent virtual assistant market is predicted to grow at an annual growth rate of 40% over the coming seven years. The rise in technological advancement will be the attributing factor towards the regional growth. India and China will be the major revenue pockets for the Asia Pacific IVA industry share.

Nuance, Clara Labs, IBM, eGain, and Creative Virtual are some of the leading companies operating in the global intelligent virtual assistant industry. Other notable market participants include InteliWise, Artificial Solutions, CX Company, and Anboto Group.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde

Corporate Sales, USA

Global Market Insights, Inc.

Phone: 1-302-846-7766

Toll Free: 1-888-689-0688

Email: sales@gminsights.com

Web: https://www.gminsights.com

Blog: https://gminsights.wordpress.com

Connect with us: Facebook | Google+ | LinkedIn | Twitter

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