San Francisco, California, October 10, 2017: TMR Research discusses the present and future of the global smart advisors market in its latest publication. The research report, titled “Smart Advisors Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025,” is an unbiased assessment of the overall market. With primary and secondary research methodologies, the researchers have put together a report for keen readers. The publication evaluates the factors that are likely to define the trajectory of the overall market in the coming years. The comprehensive outlook of the global smart advisors market highlights the various factors that will be responsible for the growth of the market.
According to the research report, the demand for smart advisors will be primarily driven by the increasing number of wealthy individuals. Improving disposable incomes and emergence of an affluent upper-class are anticipated to be the key factors responsible for growth of the overall market. Several finance-based firms are adopting smart advisors to make the most out of the plethora of opportunities available in the global market. Companies are anticipated have a welcoming outlook toward smart advisors as they will be compelled to think of innovative solutions to better serve their consumers. The future is also expected to see the usage of this technology as companies will put in efforts to establish stronger communication ties with consumers.
This smart machine technology will be predominantly used through mobile platform. This high usage of mobile platform will be attributable to the exponentially growing usage of mobile phones and considerable uptake of bring-your-own-devices (BYOD) policies in the corporate world. The emerging telemedicine technology in the healthcare sector, uptake of integrated patient management solutions, and virtual patient care solutions are expected to offer the global market a tremendous impetus.
In terms of deployment, the on-cloud segment will lead the pack. Several end users will prefer on-cloud solutions as they it helps in reducing the cost of operations and eliminates the need for maintaining servers. Thus, cost-sensitive firms are expected to use cloud-based smart advisors in the near future. The key end users in the global market are expected to be the large enterprises who will try to establish an organized communication protocol with their consumers. Thus, as customer retention becomes imperative, large enterprises will move toward incorporating smart advisors.
In terms of regions, Asia Pacific is anticipated to the highest growth during the forecast period. The emerging economies of India and China are anticipated to make generous contributions to the budding market of smart advisors. The ongoing technological developments in the region are expected to play a pivotal part in shaping this regional market in the near future. However, on the flip side, the market is likely to be restrained due to lack of awareness about the technology amongst several sectors.
The report identifies IBM Watson, eGain Corporation, CX Company, Creative Virtual Pvt Ltd., 24/7 Customer Inc., Artificial Solutions, Nuance Communications Inc., Next IT Corporation, Codebaby, and Speakoit Inc., as the key players operating in the global market. The research report thorough analyzes the competitive landscape present in the global market with the help of a Porter’s five forces analysis. The researchers present a fair understanding of the research and development activities of these players, their business and marketing strategies, and financial outlook for the forecast period. The publication also includes recommendations and comments from market experts to help the readers gain an insightful take on the market dynamics.
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