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

Voice Assistant Market Size, Share, and Analysis, By Product (Smart Speakers, Personal Assistant), By Technology (Voice Recognition Technology, IoT Technology, Natural Language Processing, Others), By Application Area (Smart Retail & eCommerce, Smart Transportation, Smart Manufacturing, Smart Banking, Connected Healthcare, Smart Learning, Others), By End User (Individual Users, Large Enterprises, Small & Medium Enterprise) and Regional Forecasts, 2022-2032

December 2023 | 446 pages | ID: VFBD52FEB28AEN
Fatpos Global

US$ 4,950.00

E-mail Delivery (PDF)

Download PDF Leaflet

Accepted cards
Wire Transfer
Checkout Later
Need Help? Ask a Question
Voice Assistant Market Size, Share, and Analysis, By Product (Smart Speakers, Personal Assistant), By Technology (Voice Recognition Technology, IoT Technology, Natural Language Processing, Others), By Application Area (Smart Retail & eCommerce, Smart Transportation, Smart Manufacturing, Smart Banking, Connected Healthcare, Smart Learning, Others), By End User (Individual Users, Large Enterprises, Small & Medium Enterprise) and Regional Forecasts, 2022-2032

PRODUCT OVERVIEW

Voice Assistant Market size was USD 2.74 billion in 2021 and projected t%li%grow from USD 4.7 billion in 2023 t%li%USD 57.9 billion by 2032, exhibiting a CAGR of 32.0% during the forecast period.

Voice Assistant, aka digital assistant or virtual assistant, is a software-build technology that makes use of (AI) Artificial Intelligence and (NLP) Natural Language Processing t%li%communicate with users and execute tasks as directed by voice commands. Voice assistants allow users t%li%engage with their applications, gadgets, and services using spoken language rather than the more conventional text-based input. These devices are designed t%li%simulate human interaction and understanding.

MARKET HIGHLIGHTS

Voice Assistant Market is expected t%li%reach USD 57.9 billion, growing at a CAGR of 32.0% during the forecast period owing t%li%the growing awareness and adoption of voice assistants, improvements in voice-based artificial intelligence technologies, and higher focus on customer engagement. Also, the rise of voice-assistant applications’ low-code platforms is expected t%li%boost the growth of Voice Assistant Market over the forecast period.

Voice Assistant Market Segments:
  • Product
  • Smart Speakers
  • Personal Assistant
  • Technology
  • Voice Recognition Technology
  • IoT Technology
  • Natural Language Processing
  • Others
  • Application Area
  • Smart Retail & eCommerce
  • Smart Transportation
  • Smart Manufacturing
  • Smart Banking
  • Connected Healthcare
  • Smart Learning
  • Others
  • End User
  • Individual Users
  • Large Enterprises
  • Small & Medium Enterprise
MARKET DYNAMICS

Growth Drivers

Growing Awareness of Cloud-Based Technologies and Increasing Use of Voice Search is Expected t%li%Boost the Market Growth

Rising Adoption of Voice Assistants in Home Automation is Expected t%li%Boost the Market Growth

Restraint

Data Privacy Concerns for Companies and Significantly Priced Devices t%li%Restrain the Market Growth

Key Players
  • IBM Corp
  • Samsung Electronics Co. Ltd
  • Microsoft Corporation
  • Google LLC
  • Apple Inc.
  • SAP SE
  • Honeywell Corporation
  • Salesforce Inc.
  • Qualcomm
  • Baidu Inc.
  • Amazon Web Services Inc.
  • Motorola Solutions Inc.
  • Nuance Communications Inc.
  • Artificial Solutions
  • Orbita Inc.
  • Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
Global Laboratory Temperature Control Units Market is further segmented by region into:
  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Reasons t%li%Purchase this Report
  • Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
  • Provision of market value (USD Billion) data for each segment and sub-segment
      • Indicates the region and segment that is expected t%li%witness the fastest growth as well as t%li%dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
    • The current as well as the future market outlook of the industry with respect t%li%recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
    • Provides insight int%li%the market through Value Chain
    • Market dynamics scenario, along with growth opportunities of the market in the years t%li%come
  • 3-month post-sales analyst support.
1. EXECUTIVE SUMMARY

1.1.Regional Market Share
1.2. Business Trends
1.3. Voice Assistant Market: COVID-19 Outbreak
1.4.Regional Trends
1.5. Segmentation Snapshot

2. RESEARCH METHODOLOGY

2.1. Research Objective
2.2.Research Approach
2.3.Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
  2.5.1.Paid Sources
  2.5.2. Public Sources
2.6.Market Size Estimation and Data Triangulation

3. MARKET CHARACTERISTICS

3.1. Market Definition
3.2.Voice Assistant Market: COVID-19 Impact
3.3.Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data

4. VOICE ASSISTANT MARKET – INDUSTRY INSIGHTS

4.1.Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability

5. MACROECONOMIC INDICATORS


6. RECENT DEVELOPMENTS


7.MARKET DYNAMICS

7.1. Introduction
7.2.Growth Drivers
7.3.Market Opportunities
7.4. Market Restraints
7.5.Market Trends

8. MARKET ANALYSIS

8.1. Porters Five Forces
8.2. PEST Analysis
  8.2.1. Political
  8.2.2.Economic
  8.2.3.Social
  8.2.4.Technological

9. VOICE ASSISTANT MARKET

9.1. Overview
9.2.Historical Analysis (2016-2021)
  9.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast

10. VOICE ASSISTANT MARKET SIZE & FORECAST 2022A-2032F

10.1.Overview
10.2. Key Findings
10.3. Market Segmentation
  10.3.1. By Product
    10.3.1.1.Smart Speakers
      10.3.1.1.1.By Value (USD Million) 2022-2032F
      10.3.1.1.2. Market Share (%) 2022-2032F
      10.3.1.1.3. Y-o-Y Growth (%) 2022-2032F
    10.3.1.2. Personal Assistant
      10.3.1.2.1. By Value (USD Million) 2022-2032F
      10.3.1.2.2.Market Share (%) 2022-2032F
      10.3.1.2.3.Y-o-Y Growth (%) 2022-2032F
  10.3.2.By Technology
    10.3.2.1. Voice Recognition Technology
      10.3.2.1.1. By Value (USD Million) 2022-2032F
      10.3.2.1.2.Market Share (%) 2022-2032F
      10.3.2.1.3.Y-o-Y Growth (%) 2022-2032F
    10.3.2.2.IoT Technology
      10.3.2.2.1.By Value (USD Million) 2022-2032F
      10.3.2.2.2. Market Share (%) 2022-2032F
      10.3.2.2.3. Y-o-Y Growth (%) 2022-2032F
    10.3.2.3.Natural Language Processing
      10.3.2.3.1.By Value (USD Million) 2022-2032F
      10.3.2.3.2. Market Share (%) 2022-2032F
      10.3.2.3.3.Y-o-Y Growth (%) 2022-2032F
    10.3.2.4.Others
      10.3.2.4.1. By Value (USD Million) 2022-2032F
      10.3.2.4.2.Market Share (%) 2022-2032F
      10.3.2.4.3.Y-o-Y Growth (%) 2022-2032F
  10.3.3.By Application Area
    10.3.3.1. Smart Retail & eCommerce
      10.3.3.1.1. By Value (USD Million) 2022-2032F
      10.3.3.1.2.Market Share (%) 2022-2032F
      10.3.3.1.3.Y-o-Y Growth (%) 2022-2032F
    10.3.3.2.Smart Transportation
      10.3.3.2.1.By Value (USD Million) 2022-2032F
      10.3.3.2.2. Market Share (%) 2022-2032F
      10.3.3.2.3.Y-o-Y Growth (%) 2022-2032F
    10.3.3.3.Smart Manufacturing
      10.3.3.3.1.By Value (USD Million) 2022-2032F
      10.3.3.3.2.Market Share (%) 2022-2032F
      10.3.3.3.3.Y-o-Y Growth (%) 2022-2032F
    10.3.3.4.Smart Banking
      10.3.3.4.1. By Value (USD Million) 2022-2032F
      10.3.3.4.2.Market Share (%) 2022-2032F
      10.3.3.4.3.Y-o-Y Growth (%) 2022-2032F
    10.3.3.5.Connected Healthcare
      10.3.3.5.1. By Value (USD Million) 2022-2032F
      10.3.3.5.2.Market Share (%) 2022-2032F
      10.3.3.5.3.Y-o-Y Growth (%) 2022-2032F
    10.3.3.6.Smart Learning
      10.3.3.6.1.By Value (USD Million) 2022-2032F
      10.3.3.6.2. Market Share (%) 2022-2032F
      10.3.3.6.3. Y-o-Y Growth (%) 2022-2032F
    10.3.3.7.Others
      10.3.3.7.1.By Value (USD Million) 2022-2032F
      10.3.3.7.2. Market Share (%) 2022-2032F
      10.3.3.7.3. Y-o-Y Growth (%) 2022-2032F
  10.3.4.By End User
    10.3.4.1. Individual Users
      10.3.4.1.1.By Value (USD Million) 2022-2032F
      10.3.4.1.2. Market Share (%) 2022-2032F
      10.3.4.1.3. Y-o-Y Growth (%) 2022-2032F
    10.3.4.2.Large Enterprises
      10.3.4.2.1. By Value (USD Million) 2022-2032F
      10.3.4.2.2.Market Share (%) 2022-2032F
      10.3.4.2.3.Y-o-Y Growth (%) 2022-2032F
    10.3.4.3.Small & Medium Enterprise
      10.3.4.3.1. By Value (USD Million) 2022-2032F
      10.3.4.3.2.Market Share (%) 2022-2032F
      10.3.4.3.3.Y-o-Y Growth (%) 2022-2032F

11.NORTH AMERICA VOICE ASSISTANT MARKET SIZE & FORECAST 2022A-2032F

11.1.Overview
11.2. Key Findings
11.3. Market Segmentation
  11.3.1.By Product
  11.3.2. By Technology
  11.3.3. By Application Area
  11.3.4. By End User
11.4.Country
  11.4.1. United States
  11.4.2.Canada

12. EUROPE VOICE ASSISTANT MARKET SIZE & FORECAST 2022A-2032F

12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
  12.3.1. By Product
  12.3.2.By Technology
  12.3.3.By Application Area
  12.3.4.By End User
12.4. Country
  12.4.1.Germany
  12.4.2. United Kingdom
  12.4.3. France
  12.4.4. Italy
  12.4.5. Spain
  12.4.6. Russia
  12.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)

13. ASIA VOICE ASSISTANT MARKET SIZE & FORECAST 2022A-2032F

13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
  13.3.1. By Product
  13.3.2.By Technology
  13.3.3.By Application Area
  13.3.4.By End User
13.4. Country
  13.4.1.India
  13.4.2. China
  13.4.3. South Korea
  13.4.4. Japan
  13.4.5. Rest of APAC

14. MIDDLE EAST AND AFRICA VOICE ASSISTANT MARKET SIZE & FORECAST 2022A-2032F

14.1.Overview
14.2. Key Findings
14.3. Market Segmentation
  14.3.1. By Product
  14.3.2.By Technology
  14.3.3.By Application Area
  14.3.4. By End User
14.4. Country
  14.4.1.Israel
  14.4.2. GCC
  14.4.3. North Africa
  14.4.4. South Africa
  14.4.5. Rest of Middle East and Africa

15. LATIN AMERICA VOICE ASSISTANT MARKET SIZE & FORECAST 2022A-2032F

15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
  15.3.1. By Product
  15.3.2.By Technology
  15.3.3.By Application Area
  15.3.4.By End User
15.4. Country
  15.4.1.Mexico
  15.4.2. Brazil
  15.4.3. Rest of Latin America

16. COMPETITIVE LANDSCAPE

16.1. Company market share, 2021
16.2. Key player overview
16.3. Key stakeholders

17. COMPANY PROFILES

17.1.IBM Corp
  17.1.1.Company Overview
  17.1.2. Financial Overview
  17.1.3. Key Product; Analysis
  17.1.4.Company Assessment
    17.1.4.1.Product Portfolio
    17.1.4.2. Key Clients
    17.1.4.3. Market Share
    17.1.4.4. Recent News & Development (Last 3 Yrs.)
    17.1.4.5. Executive Team
17.2. Samsung Electronics Co. Ltd
17.3. Microsoft Corporation
17.4. Google LLC
17.5. Apple Inc.
17.6. SAP SE
17.7. Honeywell Corporation
17.8. Salesforce Inc.
17.9. Qualcomm
17.10. Baidu Inc.
17.11.Amazon Web Services Inc.
17.12. Motorola Solutions Inc.
17.13. Nuance Communications Inc.
17.14. Artificial Solutions
17.15. Orbita Inc.
17.16. Other Prominent Players

18. APPENDIX


19. CONSULTANT RECOMMENDATION



More Publications