[email protected] +44 20 8123 2220 (UK) +1 732 587 5005 (US) Contact Us | FAQ |

Voice-based Payments Market Size, Share & Trends Analysis Report By Component (Software, Hardware), By Enterprise Size, By End Use, By Region, And Segment Forecasts, 2022 - 2030

April 2022 | 130 pages | ID: V6C3E9013943EN
Grand View Research, Inc.

US$ 5,950.00

E-mail Delivery (PDF)

Download PDF Leaflet

Accepted cards
Wire Transfer
Checkout Later
Need Help? Ask a Question
This report can be delivered to the clients within 72 Business Hours

Voice-based Payments Market Growth & Trends

The global voice-based payments market size is expected to reach USD 14.66 billion by 2030, expanding at a CAGR of 10.9% from 2022 to 2030, according to a new study conducted by Grand View Research, Inc. The growing adoption of voice commerce solutions worldwide is anticipated to drive the growth of the market. The strong emphasis payment service providers are putting on offering enhanced payment solutions also bodes well for the market growth.

According to statistics provided by the media company ComScore, approximately 50% of Google mobile searches were conducted by voice in 2020. However, a survey conducted in 2019 by fintech company Handsome and Ethik Connection, an event management company, of 120 people in France revealed that around 89% of the visually impaired people have already been the victims of errors and frauds while they were paying for services and goods. As a result, voice-based payment providers are particularly enhancing payment solutions for visually impaired people. For instance, a secure and discreet assistive technology solution offered by Thales Group and Handsome gives visually impaired people greater control over the payments they are making by vocalizing the transaction details.

The investments being raised by voice assistant solution providers are anticipated to create new opportunities for the growth of the market over the forecast period. For instance, in August 2021, Baidu Inc. announced that its artificial intelligence (AI) voice assistant, Xiaodu Technology, raised USD 5.1 billion in a Series B round. The fundraising came as the company continued to push forward with its ambitions aimed at AI chip designing and manufacturing.

The COVID-19 pandemic is expected to play a vital role in driving the growth of the voice-based payments market during the forecast period. People are particularly preferring touchless ordering and payments at fast restaurants in the wake of the pandemic, thereby opening new opportunities for the growth of the market. Touchless payments are in demand among restaurants due to their greater convenience, ordering accuracy, and reduced human contact.

Voice-based Payments Market Report Highlights
  • The software segment is expected to witness the fastest growth during the forecast period. The voice payment software being introduced aggressively by some of the major companies worldwide is expected to drive the growth of the segment
  • The small & medium enterprises segment is expected to witness the fastest growth during the forecast period. The growth of the segment can be attributed to the increasing number of small and medium enterprises worldwide
  • The BFSI segment dominated the market in 2021. The banks are adopting voice-based payments to meet their changing customer need which is one of the major factors that propelled the market growth in 2021
  • The Asia Pacific regional market is expected to witness the fastest growth during the forecast period. The growing demand for voice-enabled consumer electronics across the region is expected to play a decisive role in driving the growth of the regional market
CHAPTER 1 METHODOLOGY AND SCOPE

1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 List of Data Sources

CHAPTER 2 EXECUTIVE SUMMARY

2.1 Voice-based Payments Market - Industry Snapshot & Key Buying Criteria, 2017 - 2030
2.2 Global Voice-based Payments Market, 2017 - 2030
  2.2.1 Global voice-based payments market, by region, 2017 - 2030
  2.2.2 Global voice-based payments market, by component, 2017 - 2030
  2.2.3 Global voice-based payments market, by enterprise size, 2017 - 2030
  2.2.4 Global voice-based payments market, by End-Use, 2017 - 2030

CHAPTER 3 VOICE-BASED PAYMENTS INDUSTRY OUTLOOK

3.1 Market Segmentation and Scope
3.2 Market Size and Growth Prospects
3.3 Voice-based Payments Market - Value Chain Analysis
3.4 Voice-based Payments Market-Market Dynamics
  3.4.1 Market driver analysis
    3.4.1.1 Increasing demand for contactless payments
    3.4.1.2 Rising demand for voice assistant-enabled devices
  3.4.2 Market challenge analysis
    3.4.2.1 Security issues associated with voice-based payments
3.5 Penetration and Growth Prospect Mapping
3.6 Voice-based Payments Market - Porter’s Five Forces Analysis
3.7 Voice-based Payments Market - PESTEL Analysis

CHAPTER 4 FINTECH INDUSTRY HIGHLIGHTS

4.1 Investor Strategies
4.2 Investor Vision & Goal Analysis
4.3 Funding Raised in Voice Assistant Devices
4.4 Investments Made in Self-checkout Stores

CHAPTER 5 INVESTMENT LANDSCAPE ANALYSIS

5.1 FinTech Ecosystem Overview
5.2 FinTech Services Overview
5.3 Total FinTech Investment, 2017 – 2021(USD Billion)
5.4 FinTech Regulatory Outlook
• Government Regulations
• Private/Association Regulations
5.5 FinTech Company Analysis - GVR DashBoard (Top 50 companies)

CHAPTER 6 VOICE-BASED PAYMENTS COMPONENT OUTLOOK

6.1 Voice-based Payments Market Share By Component, 2021
6.2 Software
  6.2.1 Software voice-based payments market, 2017 - 2030
6.3 Hardware
  6.3.1 Hardware voice-based payments market, 2017 - 2030

CHAPTER 7 VOICE-BASED ENTERPRISE SIZE OUTLOOK

7.1 Voice-based Payments Market Share By Enterprise Size, 2021
7.2 Large Enterprises
  7.2.1 Voice-based payments market in large enterprises, 2017 - 2030
7.3 Small & Medium Enterprises
  7.3.1 Voice-based payments market in small & medium enterprises, 2017 - 2030

CHAPTER 8 VOICE-BASED PAYMENTS END-USE OUTLOOK

8.1 Voice-based Payments Market Share By End-Use, 2021
8.2 BFSI
  8.2.1 Voice-based payments market in BFSI, 2017 - 2030
8.3 Automotive
  8.3.1 Voice-based payments market in automotive, 2017 - 2030
8.4 Healthcare
  8.4.1 Voice-based payments market in healthcare, 2017 - 2030
8.5 Retail
  8.5.1 Voice-based payments market in retail, 2017 - 2030
8.6 Government
  8.6.1 Voice-based payments market in government, 2017 - 2030
8.7 Others
  8.7.1 Voice-based payments market in others, 2017 - 2030

CHAPTER 9 VOICE-BASED PAYMENTS REGIONAL OUTLOOK

9.1 Voice-based Payments Market Share By Region, 2021
9.2 North America
  9.2.1 North America voice-based payments market, 2017 - 2030
  9.2.2 North America voice-based payments market, by component, 2017 - 2030
  9.2.3 North America voice-based payments market, by enterprise size, 2017 - 2030
  9.2.4 North America voice-based payments market, by End-Use, 2017 - 2030
  9.2.5 U.S.
    9.2.5.1 U.S. voice-based payments market, 2017 - 2030
    9.2.5.2 U.S. voice-based payments market, by component, 2017 - 2030
    9.2.5.3 U.S. voice-based payments market, by enterprise size, 2017 - 2030
    9.2.5.4 U.S. voice-based payments market, by End-Use, 2017 - 2030
  9.2.6 Canada
    9.2.6.1 Canada voice-based payments market, 2017 - 2030
    9.2.6.2 Canada voice-based payments market, by component, 2017 - 2030
    9.2.6.3 Canada voice-based payments market, by enterprise size, 2017 - 2030
    9.2.6.4 Canada voice-based payments market, by End-Use, 2017 - 2030
9.3 Europe
  9.3.1 Europe voice-based payments market, 2017 - 2030
  9.3.2 Europe voice-based payments market, by component, 2017 - 2030
  9.3.3 Europe voice-based payments market, by enterprise size, 2017 - 2030
  9.3.4 Europe voice-based payments market, by End-Use, 2017 - 2030
  9.3.5 Germany
    9.3.5.1 Germany voice-based payments market, 2017 - 2030
    9.3.5.2 Germany voice-based payments market, by component, 2017 - 2030
    9.3.5.3 Germany voice-based payments market, by enterprise size, 2017 - 2030
    9.3.5.4 Germany voice-based payments market, by End-Use, 2017 - 2030
  9.3.6 U.K.
    9.3.6.1 U.K. voice-based payments market, 2017 - 2030
    9.3.6.2 U.K. voice-based payments market, by component, 2017 - 2030
    9.3.6.3 U.K. voice-based payments market, by enterprise size, 2017 - 2030
    9.3.6.4 U.K. voice-based payments market, by End-Use, 2017 - 2030
9.4 Asia Pacific
  9.4.1 Asia Pacific voice-based payments market, 2017 - 2030
  9.4.2 Asia Pacific voice-based payments market, by component, 2017 - 2030
  9.4.3 Asia Pacific voice-based payments market, by enterprise size, 2017 - 2030
  9.4.4 Asia Pacific voice-based payments market, by End-Use, 2017 - 2030
  9.4.5 China
    9.4.5.1 China voice-based payments market, 2017 - 2030
    9.4.5.2 China voice-based payments market, by component, 2017 - 2030
    9.4.5.3 China voice-based payments market, by enterprise size, 2017 - 2030
    9.4.5.4 China voice-based payments market, by End-Use, 2017 - 2030
  9.4.6 India
    9.4.6.1 India voice-based payments market, 2017 - 2030
    9.4.6.2 India voice-based payments market, by component, 2017 - 2030
    9.4.6.3 India voice-based payments market, by enterprise size, 2017 - 2030
    9.4.6.4 India voice-based payments market, by End-Use, 2017 - 2030
  9.4.7 Japan
    9.4.7.1 Japan voice-based payments market, 2017 - 2030
    9.4.7.2 Japan voice-based payments market, by component, 2017 - 2030
    9.4.7.3 Japan voice-based payments market, by enterprise size, 2017 - 2030
    9.4.7.4 Japan voice-based payments market, by End-Use, 2017 - 2030
9.5 Latin America
  9.5.1 Latin America voice-based payments market, 2017 - 2030
  9.5.2 Latin America voice-based payments market, by component, 2017 - 2030
  9.5.3 Latin America voice-based payments market, by enterprise size, 2017 - 2030
  9.5.4 Latin America voice-based payments market, by End-Use, 2017 - 2030
  9.5.5 Brazil
    9.5.5.1 Brazil voice-based payments market, 2017 - 2030
    9.5.5.2 Brazil voice-based payments market, by component, 2017 - 2030
    9.5.5.3 Brazil voice-based payments market, by enterprise size, 2017 - 2030
    9.5.5.4 Brazil voice-based payments market, by End-Use, 2017 - 2030
9.6 MEA
  9.6.1 MEA voice-based payments market, 2017 - 2030
  9.6.2 MEA voice-based payments market, by component, 2017 - 2030
  9.6.3 MEA voice-based payments market, by enterprise size, 2017 - 2030
  9.6.4 MEA voice-based payments market, by End-Use, 2017 - 2030

CHAPTER 10 COMPETITIVE ANALYSIS

10.1 Recent Developments & Impact Analysis, By Key Market Participants
10.2 Company Categorization
10.3 Vendor Landscape
  10.3.1 Key company market share analysis, 2021
10.4 Company Analysis Tools
  10.4.1 Company market position analysis
  10.4.2 Competitive dashboard analysis

CHAPTER 11 COMPETITIVE LANDSCAPE

11.1 NCR Corporation
  11.1.1 Company overview
  11.1.2 Financial performance
  11.1.3 Product benchmarking
  11.1.4 Strategic initiatives
11.2 Amazon.com, Inc.
  11.2.1 Company overview
  11.2.2 Financial performance
  11.2.3 Product benchmarking
  11.2.4 Strategic initiatives
11.3 PayPal
  11.3.1 Company overview
  11.3.2 Financial performance
  11.3.3 Product benchmarking
  11.3.4 Strategic initiatives
11.4 Paysafe
  11.4.1 Company overview
  11.4.2 Financial performance
  11.4.3 Product benchmarking
  11.4.4 Strategic initiatives
11.5 PCI Pal
  11.5.1 Company overview
  11.5.2 Financial performance
  11.5.3 Product benchmarking
  11.5.4 Strategic initiatives
11.6 Vibepay
  11.6.1 Company overview
  11.6.2 Financial performance
  11.6.3 Product benchmarking
  11.6.4 Strategic initiatives
11.7 Cerence
  11.7.1 Company overview
  11.7.2 Financial performance
  11.7.3 Product benchmarking
  11.7.4 Strategic initiatives
11.8 Huawei Technologies Co., Ltd.
  11.8.1 Company overview
  11.8.2 Financial performance
  11.8.3 Product benchmarking
  11.8.4 Strategic initiatives
11.9 Google
  11.9.1 Company overview
  11.9.2 Financial performance
  11.9.3 Product benchmarking
  11.9.4 Strategic initiatives
11.10 Alibaba
  11.10.1 Company overview
  11.10.2 Financial performance
  11.10.3 Product benchmarking
  11.10.4 Strategic initiatives

LIST OF TABLES

Table 1 Voice-based payments market - Industry snapshot & key buying criteria, 2017 - 2030
Table 2 Global voice-based payments market, 2017 - 2030 (USD Million)
Table 3 Global voice-based payments market, by region, 2017 - 2030 (USD Million)
Table 4 Global voice-based payments market, by component, 2017 - 2030 (USD Million)
Table 5 Global voice-based payments market, by enterprise size, 2017 - 2030 (USD Million)
Table 6 Global voice-based payments market, by End-Use, 2017 - 2030 (USD Million)
Table 7 Voice-based payments market - Key market driver impact
Table 8 Voice-based payments market - Key market challenge impact
Table 9 Hardware voice-based payments market, 2017 - 2030 (USD Million)
Table 10 Hardware voice-based payments market, by region, 2017 - 2030 (USD Million)
Table 11 Software voice-based payments market, 2017 - 2030 (USD Million)
Table 12 Software voice-based payments market, by region, 2017 - 2030 (USD Million)
Table 13 Voice-based payments market in large enterprises, 2017 - 2030 (USD Million)
Table 14 Voice-based payments market in large enterprises, by region, 2017 - 2030 (USD Million)
Table 15 Voice-based payments market in small & medium enterprises, 2017 - 2030 (USD Million)
Table 16 Voice-based payments market in small & medium enterprises, by region, 2017 - 2030 (USD Million)
Table 17 Voice-based payments market in BFSI, 2017 - 2030 (USD Million)
Table 18 Voice-based payments market in BFSI, by region, 2017 - 2030 (USD Million)
Table 19 Voice-based payments market in automotive, 2017 - 2030 (USD Million)
Table 20 Voice-based payments market in automotive, by region, 2017 - 2030 (USD Million)
Table 21 Voice-based payments market in healthcare, 2017 - 2030 (USD Million)
Table 22 Voice-based payments market in healthcare, by region, 2017 - 2030 (USD Million)
Table 23 Voice-based payments market in retail, 2017 - 2030 (USD Million)
Table 24 Voice-based payments market in retail, by region, 2017 - 2030 (USD Million)
Table 25 Voice-based payments market in government, 2017 - 2030 (USD Million)
Table 26 Voice-based payments market in government, by region, 2017 - 2030 (USD Million)
Table 27 Voice-based payments market in other End-Use, 2017 - 2030 (USD Million)
Table 28 Voice-based payments market in other End-Use, by region, 2017 - 2030 (USD Million)
Table 29 North America voice-based payments market, 2017 - 2030 (USD Million)
Table 30 North America voice-based payments market, by component, 2017 - 2030 (USD Million)
Table 31 North America voice-based payments market, by enterprise size, 2017 - 2030 (USD Million)
Table 32 North America voice-based payments market, by End-Use, 2017 - 2030 (USD Million)
Table 33 U.S. voice-based payments market, 2017 - 2030 (USD Million)
Table 34 U.S. voice-based payments market, by component, 2017 - 2030 (USD Million)
Table 35 U.S. voice-based payments market, by enterprise size, 2017 - 2030 (USD Million)
Table 36 U.S. voice-based payments market, by End-Use, 2017 - 2030 (USD Million)
Table 37 Canada voice-based payments market, 2017 - 2030 (USD Million)
Table 38 Canada voice-based payments market, by component, 2017 - 2030 (USD Million)
Table 39 Canada voice-based payments market, by enterprise size, 2017 - 2030 (USD Million)
Table 40 Canada voice-based payments market, by End-Use, 2017 - 2030 (USD Million)
Table 41 Europe voice-based payments market, 2017 - 2030 (USD Million)
Table 42 Europe voice-based payments market, by component, 2017 - 2030 (USD Million)
Table 43 Europe voice-based payments market, by enterprise size, 2017 - 2030 (USD Million)
Table 44 Europe voice-based payments market, by End-Use, 2017 - 2030 (USD Million)
Table 45 Germany voice-based payments market, 2017 - 2030 (USD Million)
Table 46 Germany voice-based payments market, by component, 2017 - 2030 (USD Million)
Table 47 Germany voice-based payments market, by enterprise size, 2017 - 2030 (USD Million)
Table 48 Germany voice-based payments market, by End-Use, 2017 - 2030 (USD Million)
Table 49 U.K. voice-based payments market, 2017 - 2030 (USD Million)
Table 50 U.K. voice-based payments market, by component, 2017 - 2030 (USD Million)
Table 51 U.K. voice-based payments market, by enterprise size, 2017 - 2030 (USD Million)
Table 52 U.K. voice-based payments market, by End-Use, 2017 - 2030 (USD Million)
Table 53 Asia Pacific voice-based payments market, 2017 - 2030 (USD Million)
Table 54 Asia Pacific voice-based payments market, by component, 2017 - 2030 (USD Million)
Table 55 Asia Pacific voice-based payments market, by enterprise size, 2017 - 2030 (USD Million)
Table 56 Asia Pacific voice-based payments market, by End-Use, 2017 - 2030 (USD Million)
Table 57 China voice-based payments market, 2017 - 2030 (USD Million)
Table 58 China voice-based payments market, by component, 2017 - 2030 (USD Million)
Table 59 China voice-based payments market, by enterprise size, 2017 - 2030 (USD Million)
Table 60 China voice-based payments market, by End-Use, 2017 - 2030 (USD Million)
Table 61 India voice-based payments market, 2017 - 2030 (USD Million)
Table 62 India voice-based payments market, by component, 2017 - 2030 (USD Million)
Table 63 India voice-based payments market, by enterprise size, 2017 - 2030 (USD Million)
Table 64 India voice-based payments market, by End-Use, 2017 - 2030 (USD Million)
Table 65 Japan voice-based payments market, 2017 - 2030 (USD Million)
Table 66 Japan voice-based payments market, by component, 2017 - 2030 (USD Million)
Table 67 Japan voice-based payments market, by enterprise size, 2017 - 2030 (USD Million)
Table 68 Japan voice-based payments market, by End-Use, 2017 - 2030 (USD Million)
Table 69 Latin America voice-based payments market, 2017 - 2030 (USD Million)
Table 70 Latin America voice-based payments market, by component, 2017 - 2030 (USD Million)
Table 71 Latin America voice-based payments market, by enterprise size, 2017 - 2030 (USD Million)
Table 72 Latin America voice-based payments market, by End-Use, 2017 - 2030 (USD Million)
Table 73 Brazil voice-based payments market, 2017 - 2030 (USD Million)
Table 74 Brazil voice-based payments market, by component, 2017 - 2030 (USD Million)
Table 75 Brazil voice-based payments market, by enterprise size, 2017 - 2030 (USD Million)
Table 76 Brazil voice-based payments market, by End-Use, 2017 - 2030 (USD Million)
Table 77 MEA voice-based payments market, 2017 - 2030 (USD Million)
Table 78 MEA voice-based payments market, by component, 2017 - 2030 (USD Million)
Table 79 MEA voice-based payments market, by enterprise size, 2017 - 2030 (USD Million)
Table 80 MEA voice-based payments market, by End-Use, 2017 - 2030 (USD Million)
LIST OF FIGURES

Fig. 1 Market segmentation and scope
Fig. 2 Global voice-based payments market, 2017 - 2030 (USD Million)
Fig. 3 Voice-based payments market - Value chain analysis
Fig. 4 Voice-based payments market dynamics
Fig. 5 Key opportunities prioritized
Fig. 6 Voice-based payments market - Porter’s five forces analysis
Fig. 7 Voice-based payments market - Key company market share analysis, 2021
Fig. 8 Voice-based payments market - PESTEL analysis
Fig. 9 Voice-based payments market, by component, 2021
Fig. 10 Voice-based payments market, by enterprise size, 2021
Fig. 12 Voice-based payments market, by End-Use, 2021
Fig. 13 Voice-based payments market, by region, 2021
Fig. 14 Voice-based payments market - Regional takeaways
Fig. 15 North America voice-based payments market - Key takeaways
Fig. 16 Europe voice-based payments market - Key takeaways
Fig. 17 Asia Pacific voice-based payments market - Key takeaways
Fig. 18 Latin America voice-based payments market - Key takeaways
Fig. 19 MEA contact voice-based payments market - Key takeaways


More Publications