Global Voice Assistant Application Market 2024-2028
Technavio has been monitoring the voice assistant application market and is forecast to grow by USD 21937.8 mn during 2023-2028, accelerating at a CAGR of 40.94% during the forecast period. Our report on the voice assistant application market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by digital transformation, increasing popularity of autonomous vehicles, and increasing adoption of technologically advanced mobile devices.
Technavio's voice assistant application market is segmented as below:
By Application
- Individual users
- SMEs
- Large enterprises
By Deployment
By Geography
- North America
- Europe
- APAC
- Middle East and Africa
- South America
This study identifies the growing demand for smart homes and development of smart cities as one of the prime reasons driving the voice assistant application market growth during the next few years. Also, integration of voice-controlled personal assistants in kitchen appliances and increasing focus of vendors on new launches and feature enhancements will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the voice assistant application market covers the following areas:
- Voice assistant application market sizing
- Voice assistant application market forecast
- Voice assistant application market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading voice assistant application market vendors that include Alibaba Group Holding Ltd., Alphabet Inc., Amazon.com Inc., Apple Inc., Artificial Solutions International AB, Baidu Inc., Huawei Technologies Co. Ltd., International Business Machines Corp., Microsoft Corp., Oracle Corp., Orbita Inc., Robin Labs, RoboBot Studio, Salesforce Inc., Samsung Electronics Co. Ltd., SAP SE, SoundHound AI Inc., Verbio Technologies SL, Voiceflow Inc., and Xiaomi Communications Co. Ltd.. Also, the voice assistant application market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.