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Voice Assistants Lessening Headache of Contact Center Employees

09-30-2021 08:01 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: P&S Intelligence

Voice Assistants Lessening Headache of Contact Center

A lot of people, both men and women, have either of two girlfriends they are increasingly talking to during the day: Siri and Alexa. In a short time, these voice assistants have become so popular that people often talk to them just for entertainment, asking pointless questions to hear even-more-pointless and often-hilarious answers. Moreover, voice assistants help people control the operations of electrical and electronic devices, such as TVs, home automation systems, fridges, and washing machines and even automobiles (certain features) via spoken commands.

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Thus, with technological advancement widening the application area of such programs, the voice assistant market value, as calculated by P&S Intelligence, is set to grow from $1,723.6 million in 2019 to $26,872.6 million by 2030, at a 29.7% CAGR between 2020 and 2030. While Alexa and Siri might still be babies in human years, voice assistants themselves are not. Whenever someone calls up a big company or even a government helpline, they often hear a human voice asking them to press certain numbers on the dial pad depending on the purpose of the call; this is one of the earliest and most-common forms of voice assistants.

This negates the need to have actual humans looking after these routine and repetitive tasks, who can engage with the customer only after the latter’s actual purpose of calling the helpline has been established. Moreover, such voice assistant software can help solve the basic queries of customers, while for the specifics and a detailed interaction, humans can be employed. This is one of the biggest reasons the usage of such software is growing in contact centers around the world.

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For instance, the banking, financial services, and insurance (BFSI) sector uses them in their digital banking platforms. The retail and e-commerce sector also uses this software on their shopping portals. Similarly, the automotive sector has voice assistants embedded in navigation and infotainment systems. Similarly, the manufacturing sector uses them for spoken alerts and warnings, such as those on system malfunction and factory evacuation. Moreover, in the transportation sector, automated train, metro, and flight boarding announcements and even warnings and alerts inside the cockpits are common applications of voice assistants.

As all these applications of these programs are still recently created, the voice assistant market is dominated by North America. Moreover, the continent is home to many software companies that offer such solutions. Additionally, the stringent worker safety regulations and high sales of vehicles with advanced systems contribute to the high adoption of voice assistants. For almost the same reasons and the burgeoning number of contact centers, the usage of these platforms is rapidly rising in Asia-Pacific (APAC). Further, the manufacturing sector of the region is becoming technologically advanced with automated systems, such as voice assistants.

Therefore, the usage of such interactive virtual assistants will increase around the world as people look to make their life easier.

About Us:
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

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