Health Intelligent Virtual Assistant Market Competition 2025 by Manufacturers

Felton, California , USA, Jan 18, 2021 — /EPR Network/ — The global health intelligent virtual assistants market size is projected to touch USD 2.95 billion by the end of 2025. It is projected to ascend with a CAGR of 39.1% from 2018 to 2025. Factors such as technological advancement and increasing emphasis on patient engagement are projected to bode well for the market growth over the forecast years. Increasing penetration of IoT and growing preference for AI in the healthcare segment are further predicted to fuel the product demand in the upcoming years.

Smart virtual assistants, having capabilities to listen to voices of customers and respond consequently, are supporting in daily tasks. For example, virtual assistants aid customers to purchase a service or product and reduces the overall waiting time on the call for consumer service. Further, other abilities of virtual assistance can be used in various industries, thereby, enhancing customer experience in that specific industry.

Get Free PDF Sample Copy of the Report (Including Full TOC, List of Tables & Figures, Chart and Covid-19 Impact Analysis) : https://www.millioninsights.com/industry-reports/global-health-intelligent-virtual-assistant-market/request-sample

Technological advancements from the past many years in automation, machine learning, AI, IoT, NLP, and conversation interface allowing health intelligent virtual assistance to become more useful and efficient. The use of these technologies is made accessible in virtual assistance by the key manufacturers such as Google, Amazon, and Apple. Products sold by these players work as intermediaries between enterprise and their several services to customers.

North America held the largest market share in 2017 due to the rising preference for IoT and the growing penetration of smartphones. Shortfall of physicians/clinicians and the need for an effective healthcare system owing to rapid urbanization in nations such as the U.S. is expected to bode well for the market growth over the estimated duration.

Further key findings from the report suggest:

• The Automatic Speech Recognition (ASR) segment is predicted to foresee rapid growth from 2018 to 2025.
• Chatbot held the major share in the market in 2017. It is predicted to touch USD 2.16 billion by the end of 2025.
• North America occupied the largest revenue share in 2017 owing to the booming healthcare industry with the penetration of the IoT and AI. 

Global Health Intelligent Virtual Assistant Market: Key Players

Microsoft Corporation; EGain Corporation; Welltok, Inc.; Kognito; True Image Interactive, Inc.; Nuance Communications, Inc.; CSS Corporation; Next IT Corporation; CodeBaby Corporation; and MedRespond. 

Know More Insights @ https://newsonmarketblog.wordpress.com