Virtuasso Digital Technologies Corp. Surveys Market Growth and Competitive Edge in the IVA Landscape

VANCOUVER, British Columbia - Oct. 31, 2023 - PRLog -- The global market for Intelligent Virtual Assistants (IVAs) is experiencing unprecedented growth, with a market size valued at $3.44 billion in 2019. Projections indicate that the market is set to surge to $44.25 billion by 2027, boasting a robust compound annual growth rate (CAGR) of 37.7% from 2020 to 2027. The proliferation of Conversational e-commerce, driven by the increased utilization of smart speaker-based technologies in the retail sector for home automation and digitalization, is a key catalyst behind this remarkable expansion. IVAs play a pivotal role in guiding users to discover relevant information and complete tasks by offering actionable recommendations. This invaluable information aids businesses in the formulation and implementation of real-time marketing strategies, revolutionizing customer engagement.

Many retail enterprises have embraced virtual assistants, introducing a new dimension to customer communication and enhancing the shopping experience. The IVA industry's remarkable growth owes much to advancements in voice recognition and speech technologies. The Virtuasso mobile application is generally designed for those who prefer to manage a hybrid lifestyle encompassing the personal and business side of it. Key differentiators that set the Virtuasso project apart from competitors include a user-friendly interface, cloud-enabled service, and machine learning integration. The Virtuasso startup distinguishes itself through its unwavering commitment to user convenience, transparency, and holistic solutions, setting it apart from direct competitors. This distinctive positioning offers exceptional prospects for market share expansion and growth.

About Virtuasso Digital Technologies Corp.: The Virtuasso company is incorporated in British Columbia, Canada, under the Business Corporations Act. It provides a full-scale calendar and time management Artificial Intelligence tool for mobile devices. (https://virtuassodigital.com/)