Market Research Logo

Global Voice Assistant Landscape Market - Segmented by Application (Messenger Bots, Websites, Contact Centre), End-user Industry (IT & Telecom, BFSI, Automotive, Healthcare, Education), and Region - Growth, Trends, and Forecast (2018 - 2023)

Global Voice Assistant Landscape Market - Segmented by Application (Messenger Bots, Websites, Contact Centre), End-user Industry (IT & Telecom, BFSI, Automotive, Healthcare, Education), and Region - Growth, Trends, and Forecast (2018 - 2023)

The voice assistant landscape market was valued at USD XX million in 2017 and is expected to register a moderate CAGR of XX, during the forecast period (2018-2023). The scope includes application in different end-user industries, such as IT & telecom, automotive, healthcare, and various others. The regions considered under the scope of the report include North America, Europe, Asia-Pacific, Latin America, and Middle-East & Africa. Growing popularity of voice assistants are mainly due to changing lifestyle and preferences of people, convenience in terms of providing better content and acting as a curator for various activities, along with providing an emotional touch to the consumers.

Growing Adoption of Smart Homes

The use of voice assistance is seen in smart home appliances as it can communicate and has emerged as an effective solution to save energy, thus, minimizing energy costs. Revenue from smart homes adoption is expected to grow at a rate of 25% during the forecast period. Major factors, such as rising purchasing power and changing lifestyles of people are driving the demand for smart home appliances worldwide. Alexa is Amazon’s voice service adopted by consumers to control smart home devices, such as cameras, door locks, entertainment systems, lighting, and thermostats.

BFSI - The Highest Growing Segment

The increase in consumer usage of voice-based assistants in banking system is mainly due to highly personalized uses to make consumers easy, apart from saving time. Moreover, it makes banking more comprehensive especially for the visually impaired, giving them more freedom in day-to-day banking. U.S. banks became the first to allow customers to use Amazon echo to check their balance, obtain the transaction history, and make credit-card payments thus, making them more customer-centric.

Regional Analysis

North-America accounted for the largest market share especially from US mainly due to increase in adoption of these smart temperature management solutions by various domains and low operational cost. However, Asia-Pacific is expected to grow moderately during the forecast period owing to presence of large number of electronic manufacturers, increasing government initiatives and the growing adoption of these solutions by various sectors.

Key Developments in Market

January 2018 : Google joined with Sony and Lenovo for smart speakers with voice-controlled assistance in order to challenge Amazon’s dominance in emerging market

October 2017 : Motorola integrated with Amazon Alexa for providing better voice-controlled convenient functionalitiesMajor Players : APPLE, GOOGLE, MICROSOFT CORPORATION, MOTOROLA CORPORATION, amongst others.

Reasons to Purchase this Report

  • To understand the impact of voice assistant landscape market
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • To understand the dominating technology in the market
  • The Region that is expected to witness the fastest growth during the forecast period
  • Identifying the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in excel)
  • Customization of the Report
  • The report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs

  • 1. Introduction
    1.1 Key Deliverables of the Study
    1.2 Study Assumptions
    1.3 Market Definition
    1.4 Key Findings of the Study
    2. Research Approach and Methodology
    3. Executive Summary
    4. Market Dynamics
    4.1 Market Overview
    4.2 Factors Driving the Market
    4.2.1 Increasing Security Concerns
    4.2.2 Increase in Network Virtualization
    4.3 Factors Restraining the Market
    4.3.1 High Costs of Security Solution
    4.4 Industry Attractiveness - Porter's Five Industry Forces Analysis
    4.4.1 Bargaining Power of Suppliers
    4.4.2 Bargaining Power of Consumers
    4.4.3 Threat of New Entrants
    4.4.4 Threat of Substitute Products or Services
    4.4.5 Competitive Rivalry among Existing Competitors
    5. Virtualization Security Market Segmentation
    5.1 By Component
    5.1.1 Hardware
    5.1.2 Software
    5.2 By Solution
    5.2.1 Critical System Protection
    5.2.2 Endpoint Protection
    5.2.3 Data Loss Prevention
    5.2.4 Managed Security Services
    5.2.5 Web Gateway
    5.2.6 Others
    5.3 By Services
    5.3.1 Planning & Designing
    5.3.2 Deployment
    5.3.3 Support & Maintenance
    5.4 By End-user Application
    5.4.1 Cloud Service Provider
    5.4.2 IT & Telecom
    5.4.3 Others
    5.5 By Geography
    5.5.1 North America US Canada
    5.5.2 Europe UK Germany France Rest of Europe
    5.5.3 Asia-Pacific China Japan India Rest of Asia-Pacific
    5.5.4 Middle East & Africa Saudi Arabia UAE Rest of Middle East & Africa
    5.5.5 Latin America Brazil Mexico Rest of Latin America
    6. Competitive Intelligence - Company Profiles
    6.1 Oracle Corporation
    6.2 Juniper Networks, Inc.
    6.3 Citrix Systems, Inc.
    6.4 Symantec Corporation
    6.5 VMware Inc.
    6.6 Fortinet Inc.
    6.7 Dell Inc.
    6.8 Hewlett-Packard
    6.9 CA Technologies
    6.10 Red Hat, Inc
    *List not exhaustive
    7. Investment Analysis
    8. Future Outlook of Virtualization Security Market

    Download our eBook: How to Succeed Using Market Research

    Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

    Download eBook

    Share this report