Smart Voice Assistant Market Detailed Analysis with Forecast 2019-2025 by Global Top Players - HARMAN, Jam Audio, Fabriq, Lenovo, Invoxia, Mattel Mycroft and others

Adroit Market Research has announced the addition of the “Global Smart Voice Assistant Market Size Status and Forecast 2025”, The report classifies the global Smart Voice Assistant in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.

This report studies the global Smart Voice Assistant Speaker market, analyzes and researches the Smart Voice Assistant Speaker development status and forecast in North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. This report focuses on the top players in global market, like HARMAN, Jam Audio, Fabriq, Lenovo, Invoxia, Mattel Mycroft

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The ultimate luxury to most of us is having an assistant who listens you, anticipates what you need and takes action when required. That’s all a Smart Voice Assistant do with smartness. Voice assistant is defined as digital assistant that uses speech synthesis, natural language processing (NLP) and most importantly voice recognition to offer a service through a particular application. When these voice assistants are smart they are called smart voice assistants or smart speakers and these are favorite adds when individuals build up their connected home.

Last product that is Smart voice assistants or smart speakers have emerged from two distinct places and for the sake of good order they’ve largely converged. The concept of a voice-controlled speaker was introduced with Alexa on the Amazon Echo and since then added to third-party speakers and Amazon Fire TV devices. Initially, everyone was looking up it as way to play streaming music since it started with a speaker. As Amazon opened up Alexa to third parties, subsequently smart home providers ventured and now successfully let you do things like control your thermostat and lights by voice.

Studies on human interaction with technology shows that unique consumer for world of virtual digital assistants will attain a value of more than 1.8 billion by the end of 2021 which was 390 million in 2015. Smart home devices are getting higher momentum in US as the country alone have 39 million users of the device. Whereas China accounts 52% of global smart speaker growth for voice search devices.

In that Alibaba maintained half of the share of Chinese market by shipping 3 Million Tmall Genie speakers. The sale of smart voice assistant has took remarkable growth, Google has sold 5.4 Million Google Home models and Amazon has sold 4.1 Million Echo devices so far in 2018. The major driving factor of this growth is rising awareness about these devices with proper advertising and marketing and growing push for digital economy. Towards the end of 2018, it was foretell that voice tech pilot will be the foremost innovation in the realm of Smart Voice Assistant.

The momentum with which this technology is influencing the markets, the key players and the consumers recently, Google enhanced its AI-powered Google assistant’s understanding of the English language with an accuracy rate of more than 90 percent and a word error rate of less than 5 percent. Considerable efforts are made to expand the spectrum of Smart Voice Assistant with incorporation of healthcare in it. Recently, Nuance and Meditech declared that they are merging to combine electronic health records and voice tech. Notably, both the companies will integrate Dragon’s Medical Virtuaal Assistant with Meditech’s Expanse EHR which allows clinical to perform administrative and clinical tasks with voice activation. This resolve physicians issues like high time consumption to wade through their EHRs to fulfill reimbursement and regulatory requirements resulting in lesser time spend on each patient.

Another interesting factor that can influence the voice based shopping market is the functioning of Google’s search engine results pages. The first organic search result on Google’s search engine results page gets more than 30% clicks. In voice search the scope is smaller thus making it extremely important for the market players to make the best use voice technology for shopping purposes.

Smart speakers are connected with Wi-Fi which assists you from playing music on smartphone or cloud to responding to your commands in like manner your smartphone do. These little helpers will help you in busy mornings while you are taking a shower, they will turn on your coffee maker, read a book while you are enjoying a cup of tea and look up the weather before leaving to the office. These smart speakers are available in all shapes, sizes and price tags.

To be clear, voice assistants are very useful and their application will continue to expand and become integrated into an increasing number of domains in our daily lives, but not in the omnipresent way that an AI assistant implies.

It is a proven fact that voice assistants are of high significance and their application will continue to expand and become integrated into higher number of domains of our routine. However, it is relatively a narrow field which implies that abundant voice samples are required to create a model that can detect, comprehend and transcribe voice commands during varied circumstances with different accents.

What Information does this report contain?

• Historical data coverage: 2014 to 2017; Growth Projections: 2019 to 2025.
• Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
• 6-7 year performance forecasts: major segments covering applications, top products and geographies.
• Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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