
The global intelligent virtual assistant market, valued at US$ 579.7 Bn in 2014, is expected to witness growth at a CAGR of 31.8% during the period from 2015 to 2022. Intelligent virtual assistant acts as a new type of mobility solution and business communication where internet and speech is utilized together. As intelligent virtual assistants are increasingly entering mobility market, many organizations are increasing the usage of virtual assistant on their websites. Moreover, as enterprises seek to improve productivity in business operations and administration, digital workforce is expected to replace human workers. Additionally, growing need for effective and reliable means to reduce operational expenditure is expected to increase the demand for intelligent virtual assistants.