Global Voice Assistant Market is anticipated to the valuation of approx. USD 7.8 Billion by the year 2023, at 39.27% CAGR growth rate during the estimated period 2017-2023.
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Voice Assistant Market, By Technology (Speech Recognition, Text-to-Speech Recognition, Voice Recognition), Application (Messenger Bots, Websites, Contact Centers) and End User (Individual Users, SMEs, Large Enterprises) - Forecast 2023
For performing a range of various tasks, the voice assistant software is used. This is a kind of software program which directly responds to the voice commands. They can locate an opening in a customer's date-book to plan an arrangement, submit an online request for substantial merchandise, and go about as a hands-free facilitator for messaging, among many, different errands. The global voice assistant market is anticipated to the valuation of approx. USD 7.8 Billion by the year 2023, at 39.27% CAGR growth rate during the estimated period 2017-2023.
Main factors driving the development of voice assistant market are expanding cases of voice searches and the higher entrance of broadband and web connections. Also, the growing adoption of the smart homes is another factor augmenting the development of voice assistant market. Voice recognition and speech recognition are being utilized in gadgets that are implemented in smart homes.
Voice assistant market has been divided on the basis of application, technology, end user and regional demand. The application segment is divided into websites, messenger bots, and contact centers. Based on its technology, the global market is divided as Speech Recognition, Speaker Dependent Systems, Natural Language Processing (NLP), Speech Recognition System, Text-to-Speech Recognition, Speaker Independent Systems, Voice Recognition. On the basis of the end-user industry, the global voice assistant market is classified as Individual Users, Large Enterprises, SMEs.
Geographically, the global voice assistant market is divided into global regions like Europe, North America, Asia- Pacific, Middle East, LATAM, and Africa.
The prominent players in the global voice assistant market include brand names like Amazon, Inc. (U.S.), Apple, Inc. (U.S.), Google, Inc. (U.S.), Microsoft Corporation (U.S.), Orange S.A. (France), Samsung Group (South Korea), Next IT Corporation (U.K.) , Nuance Communications (U.S.), Creative Virtual Ltd. (U.S.), Nokia Networks (Finland) among others.
With the given market information, Ameco research offers customization's in line with the company's specific wishes. The following customization choices unit of measurement accessible for the report:
Regional and country-level analysis of the Voice Assistant Market, by end-use.
Detailed analysis and profiles of additional market players.
Table of Contents
Voice Assistant Market, By Technology, Application and End User - Forecast 2023
1 Research Methodologies
1.1 Research Process
1.2 Primary Research
1.3 Secondary Research
1.4 Forecast Model
1.4.1 Market Size Estimation
2 Market Dynamics
2.1 Market Drivers
2.1.1 Increasing Instances of Voice Search
2.1.2 Increasing Adoption of Smart Homes
2.1.3 High Demand for Self Service Applications
2.2 Market Restraints
2.2.1 High Costs
2.2.2 Integration of Devices can be Difficult
2.3 Market Opportunity
2.3.1 Home Automation is Fueling the Growth of Voice Assistant Market
2.3.2 Artificial Intelligence is Driving the Voice Assistant Market
3 Executive Summary
4 Market Factor Analysis
4.1 Voice Assistant Supply Chain
4.2 Porter’s Five Forces Analysis
5 Global Voice Assistant Technology Market, By Technology
5.1.1 Market by Sub-segment
184.108.40.206 Speech Recognition
220.127.116.11.1 Speech Recognition System
18.104.22.168.1.1 Speaker Dependent System
22.214.171.124.1.2 Speaker Independent System
126.96.36.199.2 Natural Language Processing
188.8.131.52 Text to Speech Recognition
184.108.40.206 Voice Recognition
6 Global Voice Assistant Market, By Application
220.127.116.11 Messenger Bots
18.104.22.168 Contact Centers
7 Global Voice Assistant Market, By End-User
22.214.171.124 Individual Users
126.96.36.199 Large Enterprises
8 Global Voice Assistant Market, By Region
8.1.1 North America
9 Competitive Landscape
9.1 Market Share Analysis
9.2 Company Profiles
9.2.1 AMAZON, INC.
188.8.131.52 Business Overview
184.108.40.206 Product/Services Offering
220.127.116.11 Business Strategy
18.104.22.168 SWOT Analysis
9.2.2 GOOGLE, INC.
22.214.171.124 Business Overview
126.96.36.199 Product/Services Offering
188.8.131.52 Business Strategy
184.108.40.206 SWOT Analysis
9.2.3 APPLE, INC.
220.127.116.11 Business Overview
18.104.22.168 Product/Services Offering
22.214.171.124 Business Strategy
126.96.36.199 SWOT Analysis
9.2.4 MICROSOFT CORPORATION
188.8.131.52 Business Overview
184.108.40.206 Product/Services Offering
220.127.116.11 Business Strategy
18.104.22.168 SWOT Analysis
9.2.5 SAMSUNG ELECTRONICS
22.214.171.124 Business Overview
126.96.36.199 Product/Services Offering
188.8.131.52 Business Strategy
184.108.40.206 SWOT Analysis
9.2.6 ORANGE SA
220.127.116.11 Business Overview
18.104.22.168 Product/Services Offering
22.214.171.124 Business Strategy
126.96.36.199 SWOT Analysis
9.2.7 NEXT IT CORPORATION
188.8.131.52 Business Overview
184.108.40.206 Product/Services Offering
220.127.116.11 Business Strategy
18.104.22.168 SWOT Analysis
9.2.8 CREATIVE VIRTUAL LTD.
22.214.171.124 Business Overview
126.96.36.199 Product/Services Offering
188.8.131.52 Business Strategy
184.108.40.206 SWOT Analysis
9.2.9 NUANCE COMMUNICATIONS
220.127.116.11 Business Overview
18.104.22.168 Product/Services Offering
22.214.171.124 Business Strategy
126.96.36.199 SWOT Analysis
9.2.10 NOKIA NETWORKS
188.8.131.52 Business Overview
184.108.40.206 Product/Services Offering
220.127.116.11 Business Strategy
18.104.22.168 SWOT Analysis
10.2 Scope of the Study
10.2.1 Research Objective
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