Global Voice Commerce Market 2022-2026

Global Voice Commerce Market 2022-2026

Technavio has been monitoring the voice commerce market and it is poised to grow by $ 55.68 bn during 2022-2026, accelerating at a CAGR of 24.34% during the forecast period. Our report on the voice commerce 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 of the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by enhanced purchasing convenience, enhanced customer engagement, and the ability to reach multiple users at once.

The voice commerce market analysis includes application segment and geographic landscape.

Technavio's voice commerce market is segmented as below:

By Application

• Personal care
• Electronics
• Household appliances
• Groceries
• Arts crafts

By Geographical Landscape

• North America
• Europe
• APAC
• South America
• Middle East and Africa

This study identifies the rising adoption of voice-enabled devices as one of the prime reasons driving the voice commerce market growth during the next few years. Also, rising demand for streamlined catalogs and increase in online purchasing 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 voice commerce market covers the following areas:

• Voice commerce market sizing
• Voice commerce market forecast
• Voice commerce 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 commerce market vendors that include Adobe Inc., Agora Inc., Algolia Inc., Alphabet Inc., Amazon.com Inc., Edrone sp. z o.o., iAdvize SAS, Jetson AI Inc., Microsoft Corp., Salesforce.com Inc., Samsung Electronics Co. Ltd., Voicify LLC, and Yosh.AI Ltd.. Also, the voice commerce 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 the accurate market growth.