Cerence: Bottoming Out Amid Strong Auto AI-Powered Virtual Assistant Demand

Industry Overview - The global virtual assistants market is experiencing significant growth, with a compound annual growth rate (CAGR) of 22.3% projected to reach a value of $23.57 billion by 2033 [1] Market Drivers - The integration of virtual assistants with smart home devices such as speakers, thermostats, and lighting systems is a key factor driving market growth [1]