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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 Tran

Publisher Fatpos Global
Published Dec 01, 2023
Length 446 Pages
SKU # FAGL18474347

Description

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 to grow from USD 4.7 billion in 2023 to 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 to communicate with users and execute tasks as directed by voice commands. Voice assistants allow users to engage with their applications, gadgets, and services using spoken language rather than the more conventional text-based input. These devices are designed to simulate human interaction and understanding.

MARKET HIGHLIGHTS

Voice Assistant Market is expected to reach USD 57.9 billion, growing at a CAGR of 32.0% during the forecast period owing to 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 to 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 to Boost the Market Growth

Rising Adoption of Voice Assistants in Home Automation is Expected to Boost the Market Growth

Restraint

Data Privacy Concerns for Companies and Significantly Priced Devices to 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 to 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 to witness the fastest growth as well as to 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 to 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 into the market through Value Chain
  • Market dynamics scenario, along with growth opportunities of the market in the years to come
  • 3-month post-sales analyst support.
*Please Note: The report will be delivered in 4-5 business days upon order confirmation*

Table of Contents

446 Pages
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

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