Voice Assistant Application Market size was valued at US$ 4.54 Bn. in 2023 and the total Voice Assistant Application revenue is expected to grow by 28.7% from 2024 to 2030, reaching nearly US$ 26.57 Bn.
Voice Assistant Application Market Overview:
The Voice Assistant Application market study can be tailored to include pricing trend analysis of target brands, market insights for other countries, clinical trial results data, literature research, refurbished market and product base analysis, and more. Competitive analysis can range from technology-based research to market portfolio strategies. We can provide data on as many competitors as needed, in the format and type of your choice. Our analysts can also deliver data in raw excel files, pivot tables, or assist in creating presentations based on the report's data sets.
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Voice Assistant Application Market Scope:
The Voice Assistant Application market study provides insights into each of the top end users, with yearly estimates through 2030. The study forecasts global market revenue, sales, and growth rates, including forecasts for product, application, and geographic sectors. These forecasts help individuals understand the industry's prospects and opportunities.
Voice Assistant Application Market Drivers:
With the rapid rise of voice assistant technology, more people are incorporating these tools into their daily routines, a trend that is expected to grow. A 2017 analysis by Juniper Research predicted that by 2023, over half (54%) of US households would own a voice-enabled smart speaker. Similarly, an Adobe Digital Insights survey from 2018 found that 70% of consumers with smart speakers like Google Home and Amazon Echo interact with their voice assistant at least once daily, and 42% engage multiple times a day.
According to Capgemini's Conversational Commerce Survey, which surveyed over 4,900 consumers from Germany, France, the UK, and the US in 2017, 20% of respondents preferred interacting with businesses through a voice assistant rather than a website. Voice-enabled platforms and devices are proving useful for a variety of tasks, including streaming music, booking appointments, online shopping, banking, and bill payments.
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Voice Assistant Application Market Segmentation:
by Component
Solution
Services
by Deployment
On-Premises
Cloud
by Organization Size
SMEs
Large Enterprises
by Application
Smart Retail and eCommerce
Smart Banking
Connected Healthcare
Smart Transportation
Smart Manufacturing
Smart Learning
Others
Voice Assistant Application Market Key Players:
The competitive landscape of the Voice Assistant Application market provides information on competitors, including business overviews, financials, revenue generated, market potential, R&D investment, new market efforts, global presence, production sites and facilities, production capacity, corporate strengths and weaknesses, product introduction, product width, and breadth, and application dominance. The data points relate to businesses focused on the Voice Assistant Application industry. Key players include:
1. Aivo
2. AWS
3. Apple
4. Avaamo
5. Avaya
6. Baidu
7. Cisco
8. Clinc
9. Creative Virtual
10.Google
11.Inbenta
12.IBM
13.Haptik
14.Kata.ai
15.Microsoft
16.Mindsay
17.Oracle
18.Rasa
19.Samsung
20.SAP
21.Slang Labs
22.SoundHound
23.Verbio
24.Verint Systems
25.Zaion
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Voice Assistant Application Market Regional Analysis:
The regional segment of the Voice Assistant Application market analysis includes individual market influencing factors and changes in market regulations affecting current and future trends. Key variables for forecasting market conditions in specific countries include consumption volumes, production sites and volumes, import-export analysis, price trend analysis, raw material prices, and downstream and upstream value chain analysis. Forecast analysis also considers the presence and availability of global brands, challenges from local and domestic brands, and the impact of domestic tariffs and trade channels.
COVID-19 Impact Analysis on Voice Assistant Application Market:
The report includes a comprehensive analysis of the impact of Covid-19 on the [Market Name] Market. The World Health Organization has designated Covid-19 a global health emergency due to its impact on thousands of patients worldwide. The Coronavirus disease affects various segments of the [Market Name] Market.
Key Questions Answered in the Voice Assistant Application Market Report:
- What are the crucial factors aiding the Voice Assistant Application market growth?
- Which region has the maximum share in the Voice Assistant Application market?
- What will be the CAGR of the Voice Assistant Application market during the forecast period (2024-2030)?
- Which segment emerged as the leading segment in the Voice Assistant Application market?
- Who are the main players in the Voice Assistant Application market?
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