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Europe 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

  • 73 Pages
  • July 2022
  • Region: Europe
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5645678
The Europe Intelligent Virtual Assistant (IVA) Based Banking Market is expected to witness market growth of 24.1% CAGR during the forecast period (2022-2028).

The outlook for the intelligent virtual assistant market has recently changed due to the rise in remote working due to Bring Your Own Device (BYOD) trends and technological advancements. As technology has evolved, the adoption of cloud-based products like Skype and MS Office Online has increased. An increasing number of people are working remotely and heavily depending on virtual assistants to fulfill their duties as a result of the widespread use of cloud-based services. As a result, it offers a lot of potential for the demand for intelligent virtual assistants to increase.

Since voice-enabled virtual assistants can execute a variety of infotainment instructions, the intelligent virtual assistant is crucial in decreasing driver distraction. To increase driver efficiency, businesses are installing AI-based virtual assistants in cars that can, among other things, recommend destinations based on the schedule and scan emails and texts.

An intelligent virtual assistant is a piece of software that uses AI and machine learning to help users quickly access information or finish activities based on their location, specific user data, and past chats. These platforms make use of natural language processing, or NLP, which enables computers to comprehend spoken language and text in a manner comparable to that of humans. Many companies utilize text-based intelligent virtual agent programs to provide customer care, even though the most well-known ones include Apple's Siri, Amazon's Alexa, Google Assistant, Microsoft's Cortana, and IBM's Watson.

One of the largest in the world and a crucial component of the global financial system, the European banking sector includes some of the biggest economies on the planet. Previous empirical studies have emphasized the significance of risk management in light of the possibility of bank contagion both inside and outside of Europe. The OECD (2021) highlighted that a rise in household and corporate default as a result of the recent COVID-19 pandemic has had a direct effect on bank asset quality and increased regulatory worries over the viability of the domestic and global financial system.

The Germany market dominated the Europe 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 $340.4 million by 2028. The UK market is anticipated to grow a CAGR of 23.1% during (2022 - 2028). Additionally, The France market is expected to exhibit a CAGR of 25% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

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

  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe

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
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  • 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 Europe Intelligent Virtual Assistant (IVA) Based Banking Market, by Product
1.4.2 Europe Intelligent Virtual Assistant (IVA) Based Banking Market, by User Interface
1.4.3 Europe 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. Europe Intelligent Virtual Assistant (IVA) Based Banking Market by Product
3.1 Europe Chatbots Market by Country
3.2 Europe Smart Speakers Market by Country
Chapter 4. Europe Intelligent Virtual Assistant (IVA) Based Banking Market by User Interface
4.1 Europe Text-to-Text Market by Country
4.2 Europe Text-to-Speech Market by Country
4.3 Europe Automatic Speech Recognition Market by Country
Chapter 5. Europe Intelligent Virtual Assistant (IVA) Based Banking Market by Country
5.1 Germany Intelligent Virtual Assistant (IVA) Based Banking Market
5.1.1 Germany Intelligent Virtual Assistant (IVA) Based Banking Market by Product
5.1.2 Germany Intelligent Virtual Assistant (IVA) Based Banking Market by User Interface
5.2 UK Intelligent Virtual Assistant (IVA) Based Banking Market
5.2.1 UK Intelligent Virtual Assistant (IVA) Based Banking Market by Product
5.2.2 UK Intelligent Virtual Assistant (IVA) Based Banking Market by User Interface
5.3 France Intelligent Virtual Assistant (IVA) Based Banking Market
5.3.1 France Intelligent Virtual Assistant (IVA) Based Banking Market by Product
5.3.2 France Intelligent Virtual Assistant (IVA) Based Banking Market by User Interface
5.4 Russia Intelligent Virtual Assistant (IVA) Based Banking Market
5.4.1 Russia Intelligent Virtual Assistant (IVA) Based Banking Market by Product
5.4.2 Russia Intelligent Virtual Assistant (IVA) Based Banking Market by User Interface
5.5 Spain Intelligent Virtual Assistant (IVA) Based Banking Market
5.5.1 Spain Intelligent Virtual Assistant (IVA) Based Banking Market by Product
5.5.2 Spain Intelligent Virtual Assistant (IVA) Based Banking Market by User Interface
5.6 Italy Intelligent Virtual Assistant (IVA) Based Banking Market
5.6.1 Italy Intelligent Virtual Assistant (IVA) Based Banking Market by Product
5.6.2 Italy Intelligent Virtual Assistant (IVA) Based Banking Market by User Interface
5.7 Rest of Europe Intelligent Virtual Assistant (IVA) Based Banking Market
5.7.1 Rest of Europe Intelligent Virtual Assistant (IVA) Based Banking Market by Product
5.7.2 Rest of Europe 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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