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North America Intelligent Virtual Assistant (IVA) Based Banking Market Size, Share & Industry Trends Analysis Report By Product, By User Interface (Text-to-Text, Text-to-Speech, and Automatic Speech Recognition), By Country and Growth Forecast, 2022 - 2028

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    Report

  • 66 Pages
  • July 2022
  • Region: North America
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5645638
The North America Intelligent Virtual Assistant (IVA) Based Banking Market is expected to witness market growth of 23.7% CAGR during the forecast period (2022-2028).

The most intelligent and human-like digital avatars that can read, comprehend, and provide dynamic responses to online client inquiries are intelligent virtual assistants or IVAs. Using an intelligent virtual assistant to provide better customer service immediately reduces employment expenses for organizations. As a result of their ability to reduce expenses associated with infrastructure development, big businesses are increasingly incorporating intelligent virtual assistants into their operations. IVA's swift adoption in organizations is therefore largely due to its cost-effectiveness, which also contributes to the expansion of the intelligent virtual assistant market share globally.

The rise in smartphone usage is one of the primary growth drivers in the worldwide intelligent virtual assistant market, according to the key industry trends. As the demand for smartphones rises, businesses are seeking to include cutting-edge and distinctive features into their goods to gain new customers. Apps with intelligent virtual assistant support and better performance are two of the most notable advantages. Intelligent virtual assistance is more convenient than older technologies when compared to them, and it also has other advantages including language understanding, voice recognition, and cost-effectiveness.

BYOD tendencies have made it more common for workers to work remotely. Working from home allows employees more flexibility and allows them to use a virtual assistant to accomplish tasks more efficiently. In a similar manner, North American healthcare has recognized the benefits of IVAs and is focusing on enhancing the effectiveness of healthcare systems. A deficit of 40,000 primary care doctors has been predicted by the American Medical association Colleges, as a result, the usage of IVAs in the healthcare sector is anticipated to address the gap and provide effective and dependable solutions for monitoring systems.

The US market dominated the North America Intelligent Virtual Assistant (IVA) Based Banking Market by Country in 2021, and is expected to continue to be a dominant market till 2028; thereby, achieving a market value of $1.4 billion by 2028. The Canada market is poised to grow at a CAGR of 26.6% during (2022 - 2028). Additionally, The Mexico market is expected to witness a CAGR of 25.4% during (2022 - 2028).

Based on Product, the market is segmented into Chatbots and Smart Speakers. Based on User Interface, the market is segmented into Text-to-Text, Text-to-Speech, and Automatic Speech Recognition. The report also covers geographical segmentation of Intelligent Virtual Assistant (IVA) Based Banking market. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Google LLC (Alphabet Inc.), Amazon.com, Inc., IBM Corporation, Oracle Corporation, Verint Systems, Inc., Artificial Solutions International AB, CSS Corp., eGain Corporation, and True Image Interactive, Inc.

Scope of the Study

Market Segments Covered in the Report:

By Product

  • Chatbots
  • Smart Speakers

By User Interface

  • Text-to-Text
  • Text-to-Speech
  • Automatic Speech Recognition

By Country

  • US
  • Canada
  • Mexico
  • Rest of North America

Key Market Players

List of Companies Profiled in the Report:

  • Google LLC (Alphabet Inc.)
  • Amazon.com, Inc.
  • IBM Corporation
  • Oracle Corporation
  • Verint Systems, Inc.
  • Artificial Solutions International AB
  • CSS Corp.
  • eGain Corporation
  • True Image Interactive, Inc.

Unique Offerings from the Publisher

  • Exhaustive coverage
  • The highest number of Market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Intelligent Virtual Assistant (IVA) Based Banking Market, by Product
1.4.2 North America Intelligent Virtual Assistant (IVA) Based Banking Market, by User Interface
1.4.3 North America Intelligent Virtual Assistant (IVA) Based Banking Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America Intelligent Virtual Assistant (IVA) Based Banking Market by Product
3.1 North America Chatbots Market by Country
3.2 North America Smart Speakers Market by Country
Chapter 4. North America Intelligent Virtual Assistant (IVA) Based Banking Market by User Interface
4.1 North America Text-to-Text Market by Country
4.2 North America Text-to-Speech Market by Country
4.3 North America Automatic Speech Recognition Market by Country
Chapter 5. North America Intelligent Virtual Assistant (IVA) Based Banking Market by Country
5.1 US Intelligent Virtual Assistant (IVA) Based Banking Market
5.1.1 US Intelligent Virtual Assistant (IVA) Based Banking Market by Product
5.1.2 US Intelligent Virtual Assistant (IVA) Based Banking Market by User Interface
5.2 Canada Intelligent Virtual Assistant (IVA) Based Banking Market
5.2.1 Canada Intelligent Virtual Assistant (IVA) Based Banking Market by Product
5.2.2 Canada Intelligent Virtual Assistant (IVA) Based Banking Market by User Interface
5.3 Mexico Intelligent Virtual Assistant (IVA) Based Banking Market
5.3.1 Mexico Intelligent Virtual Assistant (IVA) Based Banking Market by Product
5.3.2 Mexico Intelligent Virtual Assistant (IVA) Based Banking Market by User Interface
5.4 Rest of North America Intelligent Virtual Assistant (IVA) Based Banking Market
5.4.1 Rest of North America Intelligent Virtual Assistant (IVA) Based Banking Market by Product
5.4.2 Rest of North America Intelligent Virtual Assistant (IVA) Based Banking Market by User Interface
Chapter 6. Company Profiles
6.1 Google LLC (Alphabet Inc.)
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Segmental and Regional Analysis
6.1.4 Research & Development Expense
6.1.5 Recent strategies and developments:
6.1.5.1 Product Launches and Product Expansions:
6.1.6 SWOT Analysis
6.2 Amazon.com, Inc.
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental Analysis
6.2.4 SWOT Analysis
6.3 IBM Corporation
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Regional & Segmental Analysis
6.3.4 Research & Development Expenses
6.3.5 Recent strategies and developments:
6.3.5.1 Product Launches and Product Expansions:
6.3.6 SWOT Analysis
6.4 Oracle Corporation
6.4.1 Company Overview
6.4.2 Financial Analysis
6.4.3 Segmental and Regional Analysis
6.4.4 Research & Development Expense
6.4.5 SWOT Analysis
6.5 Verint Systems, Inc.
6.5.1 Company Overview
6.5.2 Financial Analysis
6.5.3 Segmental and Regional Analysis
6.5.4 Research and Development Expense
6.5.5 Recent strategies and developments:
6.5.5.1 Partnerships, Collaborations, and Agreements:
6.6 Artificial Solutions International AB
6.6.1 Company Overview
6.7 CSS Corp.
6.7.1 Company Overview
6.8 eGain Corporation
6.8.1 Company Overview
6.8.2 Financial Analysis
6.8.3 Regional Analysis
6.8.4 Research & Development Expenses
6.9 True Image Interactive, Inc.
6.9.1 Company Overview

Companies Mentioned

  • Google LLC (Alphabet Inc.)
  • Amazon.com, Inc.
  • IBM Corporation
  • Oracle Corporation
  • Verint Systems, Inc.
  • Artificial Solutions International AB
  • CSS Corp.
  • eGain Corporation
  • True Image Interactive, Inc.

Methodology

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