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Amazon Alexa, Google Assistant, Apple Siri and Microsoft Cortana industry participant in Smart Home Digital Assistant Market

11-06-2018 05:30 AM CET | IT, New Media & Software

Press release from: TMR

A digital assistant (virtual assistant) is an application program which can complete electronic tasks for the user by understanding the natural language. Earlier, such tasks included reading text, taking dictation, reading email or text messages aloud, placing calls and reminding the user about the appointments. The advanced digital assistants are programmed with machine learning, voice recognition technology and artificial intelligence. The artificial intelligence (AI) programming uses sophisticated algorithms to recognize the input data and improvise in predicting the end-user’s needs when the user interacts with the digital assistant. Technological advancements in smart home digital assistant industry will be more advanced with cognitive computing technologies enabling digital assistant to understand and perform complex tasks.

Browse The Report : https://www.transparencymarketresearch.com/smart-home-digital-assistant-market.html

The expansion of AI enabled services from various companies such as Apple, Amazon, Google and Samsung Electronics is expected to support the industry growth over the forecast timeline. The digital assistants with voice as a user-interface (UI) are increasingly penetrating in smart homes via integration with connected set top boxes, smart speakers, streaming media devices and smart TVs. The consumer electronics manufacturers are increasingly adopting voice assistants to differentiate their products, attract customers to their platforms by providing a smarter experience.

Many home appliance manufacturers have already started to integrate Google Assistants and Amazon Alexa within their connected appliances. Currently these appliances are likely to be assistant-enabled and are expected to be embedded with AI-based technology for numerous range of appliances such as smart wall ovens, smart fridges, smart coffee machines and robotic vacuum cleaners.

Voice control is quite crucial in smart home environment as almost all electronic devices can be controlled through voice commands, effectively reducing the continuous management need of various mobile applications. The virtual assistant software acts as a brain for each device by typically combining recognition and application programming interfaces (APIs). These smart home virtual assistant features always-on microphones which are voice-controlled.

The voice-controlled smart home virtual assistant speakers listens to every sound within their hearing range. After hearing its wake word, the speaker awakes into action and sends recording of the command to its cloud servers. The command is translated into the action in the server and sent back with necessary action. The processing is entirely dependent on the network connection and can be instantaneous or may take few seconds for response.

Balancing user privacy concerns, capturing user data to ensure compelling experience is the major key challenge for digital assistant providers. The cost implications of adding AI-enabled services, ensuring sufficient developer support and service integrations are the potential growth opportunities for smart home digital assistant market.

The U.S. households are quickly adopting the digital voice assistants as compared to other consumer electronics in North America region. The voice-based and voice control technologies has experienced strong uptick in the consumer electronics segment. Continuous improvements in natural language processing and machine learning paired with prevalence of portable devices have supported the advancements in voice interfaces. The North America is expected to continue its dominance over the forecast timeline owing to its early adoption of the digital assistant technology. Europe and Asia Pacific region is expected to have quickest CAGR growth owing to rising disposable income and urbanization of smart homes in these regions.

Amazon Alexa, Google Assistant, Apple Siri and Microsoft Cortana are some of the industry participants in smart home digital assistant market. The rivalry between the technology giants is intensifying as more companies combine their voice assistant software with speaker-style hands-free hardware. Amazon has significantly tapped the market share by launching its Echo speaker and Alexa assistant in the niche market. However, the company is expected to face significant technological and cost pressures from its competitors such as Google, Samsung, Apple and other big industry competitors.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis

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The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

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