Personal digital assistants market to grow ‘significantly’

The global smart virtual personal assistants market, which includes Apple’s Siri, is expected to grow at a significant compound annual growth rate (CAGR) in the upcoming period as the scope and its applications are rising enormously across the globe, according to Radiant Insights (www.radiantinsights.com).
Smart virtual personal assistants are also termed as an intelligent personal assistant that understands natural language voice commands and perform a task for a user. It understands information in written or spoken words. 
Radiant Insights says that the factors that are playing a major role in the growth of smart virtual personal assistants market are the rising incorporation of the artificial intelligence (AI), the rising acceptance of the latest technology among the populace, easy management, and the high demand from the end-users. However, the presence of alternatives may restrain the overall market growth in the years to come, adds the research group.
Globally, North America accounted for the substantial share of smart virtual personal assistants market and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the rising use of enhanced technology, the presence of developed IT infrastructure and key providers in the region, and the high demand from the end-users. T
The United States is a major consumer of smart virtual personal assistants in the region. Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The developing countries like India and China are the major consumers of smart virtual personal assistants in this region.
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