Global Voice Controlled Devices Market 2024-2028

Global Voice Controlled Devices Market 2024-2028

The voice controlled devices market is forecasted to grow by USD 10.51 bn during 2023-2028, accelerating at a CAGR of 23.07% during the forecast period. The report on the voice controlled devices 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 convenience and improved user experience, rise in digital transformation initiatives, and rising tendency to use smart controlled devices.

Technavio's voice controlled devices market is segmented as below:

By Component

• Hardware
• Software

By Distribution Channel

• Offline
• Online

By Geography

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

This study identifies the rising popularity of voice ecommerce as one of the prime reasons driving the voice controlled devices market growth during the next few years. Also, rising adoption of smart homes and expansion of multilingual voice assistants will lead to sizable demand in the market.

The report on the voice controlled devices market covers the following areas:

• Voice controlled devices market sizing
• Voice controlled devices market forecast
• Voice controlled devices market industry analysis

The 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 controlled devices market vendors that include ABB Ltd., Alphabet Inc., Amazon.com Inc., Digi International Inc., Microsoft Corp., Samsung Electronics Co. Ltd., Sony Group Corp., STMicroelectronics International N.V., Xiaomi Communications Co. Ltd., and Pebble. Also, the voice controlled devices 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.

The publisher 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. The 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.