The latest research report, titled ‘Global Digital Human Avatar Market’, can be considered a profound analysis of the global Digital Human Avatar industry that focuses on crucial data and information pertaining to the sales and revenue shares. The market evaluations over the forecast years are based on a comprehensive analysis of the leading market segments, such as product type outlook, application continuum, regional overview, and competitive landscape of the global Digital Human Avatar market. The report offers a holistic coverage of the Digital Human Avatar market, laying emphasis on the key factors influencing the industrial growth, technological developments taking place in the industry, and current and emerging trends witnessed in the leading regional markets. According to our analysts, the global Digital Human Avatar market is anticipated to deliver an impressive CAGR
The global digital human avatar market size is expected to reach USD 527.58 Billion in 2030 and register a revenue CAGR of 46.4% over the forecast period, according to latest analysis by Emergen Research. Robust global digital human avatar market revenue growth can be attributed to increasing efforts by customer-centric firms to provide emotionally engaging experience to customers. Integration of conversational intelligence of virtual human avatar enables possibility of a scalable interaction between a human being and the avatar, thus allowing directed approach to understand a customer’s needs. Digital human avatars are capable of conversing with customers through text or speech to offer product recommendations. Also, these avatars can help visitors to navigate across a product catalog and proactively mimic a sales person by initiating a conversation in any languages, and subsequently understand consumer preferences via their replies on basis of prebuilt algorithm, in order to provide suitable responses to a customers’ queries.
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Global Digital Human Avatar Market Highlights:
- Regional demand estimation and forecast
- Product Mix Matrix
- R&D Analysis
- Cost-Benefit Analysis
- Pre-commodity pricing volatility
- Supply chain optimization analysis
- Technological updates analysis
- Raw Material Sourcing Strategy
- Competitive Analysis
- Mergers & Acquisitions
- Location Quotients Analysis
- Carbon Footprint Analysis
- Patent Analysis
- Vendor Management
The latest study provides an insightful analysis of the broad competitive landscape of the global Digital Human Avatar market, emphasizing the key market rivals and their company profiles. A wide array of strategic initiatives, such as new business deals, mergers & acquisitions, collaborations, joint ventures, technological upgradation, and recent product launches, undertaken by these companies has been discussed in the report. The report analyzes various elements of the market’s competitive scenario, such as the regulatory standards and policies implemented across the industry over recent years. Our team of experts has leveraged several powerful analytical tools, such as Porter’s Five Forces analysis and SWOT analysis, to deliver a comprehensive overview of the global Digital Human Avatar market and pinpoint the fundamental growth trends.
UneeQ, Microsoft Corporation, Didimo Inc., Wolf3D, HOUR ONE AI, Spatial Systems, Inc., CARV3D, DeepBrain AI, Soul Machines and Synthesia Ltd
Key Parameters Analyzed in This Section:
- Company Profiles
- Gross Revenue
- Profit margins
- Product sales trends
- Product pricing
- Industry Analysis
- Sales & distribution channels
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- North America
- Latin America
- Middle East & Africa
- Asia Pacific
Key Points Covered in This Section:
- Regional contribution
- Estimated revenue generation
- Vital data and information about the consumption rate in all the leading regional segments
- An expected rise in market share
- Forecast growth in the overall consumption rate
Segments Covered in this report are:
- Product Type Outlook (Revenue, USD Billion; 2018–2030)
- Interactive Digital Human Avatar
- Non-Interactive Digital Human Avatar
- Industry Verticals Outlook (Revenue, USD Billion; 2018–2030)
- IT & Telecommunications
- Gaming & Entertainment
- Regional Outlook (Revenue, USD Billion; 2018–2030)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
- North America
- Besides offering a vivid depiction of the global Digital Human Avatar business sphere and its fundamental operations, the latest report provides the industrial chain analysis and list down the current and future market trends and growth opportunities.
- The report includes information on the present and historical market scenarios, which helps forecast the market conditions over the next eight years (2020-2027).
- The report scrutinizes the salient factors influencing the growth of the market in the near future.
- The strategic marketing recommendations, crucial information related to the new market entrants, and expansion plans of various businesses are poised to provide the reader with a competitive edge in the market.
Thank you for reading our report. If you have any requests for customization of the latest report, kindly get in touch with us. Our team will assist you and ensure the report is designed as per your requirements.
Latest Published Reports by Emergen Research:
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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The digital human avatar market is expected to gain significant growth in the upcoming years due to its increasing demand in various applications such as eCommerce interactions, customer service, digital celebrities, gaming, and virtual events. The growth of the virtual reality (VR) industry is also likely to supplement the development of the sector.
The global digital human avatar market is expected to reach USD 889.27 million by 2030, growing with a compound annual growth rate (CAGR) of 20.8%. The increasing advancements in artificial intelligence (AI) and the increasing demand for computer generated imagery (CGI) are major driving factors of the sector.
The merger and acquisition activity involving the digital human avatar market is expected to rise over the forecast period. The aim of these strategies is to increase the companies’ presence in the market and to create a competitive edge in the rapidly expanding sector. For instance, in June 2020, a U.K.-based startup Soul Machines announced an acquisition of DAQRI, an augmented reality (AR) company.
The display system of digital human avatar requires high-quality graphics and resolutions which make it more expensive as compared to traditional presentation methods. This is expected to restrain the growth of market. Moreover, the lack of content attractability and limited interphase functions are also likely to hinder market growth.
In terms of application, the customer service segment is anticipated to showcase favorable growth opportunities in the upcoming years. This is attributed to the increasing consumer demand for customer service solutions in eCommerce, healthcare, retail, and other industries. Additionally, the aviation industry is expected to witness significant growth due to its potential use in flight training services.
The Asia Pacific region is anticipated to grow at quickest rate due to increasing developments in consumer electronics in China, South Korea, and India. There is also significant investment in the sector from companies such as Alibaba and Microsoft. Additionally, the presence of the numerous savvy consumers and considerable disposable income are also likely to contribute to the impressive expansion of the sector in the region.
Overall, the digital human avatar market is expected to gain considerable growth in the forthcoming years due to its increasing demand in multiple applications and the growing VR sector. The competitive strategies of merger and acquisition are expected to further drive the growth of the market.