The global voice assistant application market size is expected to grow from USD 1.3 billion in 2019 to USD 5.2 billion by 2024, at a Compound Annual Growth Rate (CAGR) of +32% during the forecast period.
Voice assistant application is an application which uses voice recognition, natural language processing and speech synthesis to provide aid to the user through phones and voice recognition enabled devices. Today voice assisted application are present in phones, Tablets, speakers, cars, and TVs. At present voice assisted application are already able to process orders of products, to assist customer with queries, answer questions, perform activities like playing music or video, make phone calls, type and send messages, set reminders etc.
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Top Key Players of Voice Assistant Application Market:
IBM (US), Google (US), AWS (US), Microsoft (US), Apple (US), Baidu (China), Nuance Communications (US), Salesforce (US), Verbio Technologies (Spain), Samsung (South Korea), Oracle (US), SAS (US), SAP (Germany), and Orbita (US).
It provides overview and forecast of the global Voice assistant application market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Voice assistant application market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
Voice Assistant Application Market Segmentation:
Market by Component
Voice Assistant Application Market by Application
- Mobile Application
- Web Application
Voice Assistant Application Market by Organization Size
- Large Enterprises
- Small & Medium Enterprises
Voice Assistant Application Market by Deployment mode
Voice Assistant Application Market by End User
- Retail & Ecommerce
- Healthcare & Life Sciences
- Manufacturing & Automotive
- Telecom & IT
- Media & Entertainment
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The voice assistant application market providers are espousing strategies like product innovation, partnerships, etc. to thrive in the competitive market environment. The major players are dedicated on differentiating their product offerings through unique and clear value propositions for sustaining their place in the market. The players are constantly focusing on upgrading their existing applications in order to cater to the growing expectations of the customers.
Key questions answered through this research report:
- What are the threats and challenges in front of the businesses?
- What is the global market size in the forecast period?
- Who are the highest competitors in the global Voice Assistant Application market?
- Which factors are responsible for driving the global market?
Report Consultant concluded with, effective, innovative and accurate insights into the global market by offering the perfect solution for the global market. Different market segments have been examined carefully to understand the ups-down stages of the businesses.
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