Voice Assistant Market 2019 Global Key Players: Apple, Amazon, Google, Microsoft Corporation by Forecast to 2023

Voice Assistant Market Overview:
Voice assistants are defined as software programs that respond to voice commands in order to perform a range of tasks. Market Research Future (MRFR) has published a research report on the global voice assistant market that measures gains for this market at 39.27% CAGR (Compound Annual Growth Rate) between 2017 and 2023. By value, the market has been figured to be worth the USD 7.8 bn by the end of the forecast period.

Observing the market structure, this report evaluates the future growth potential of the market. It examines the strategies of the key players in the market and supports the competitive developments like joint ventures, new product developments, mergers & acquisitions, research and developments (R&D) in the market.

The major drivers for the global Voice Assistant Market include higher penetration of broadband & internet connections and increased instances of voice searches. Other factors escalating to the market growth include increasing adoption of smart homes and the growing use of speech recognition and voice recognition technologies in the devices that are being installed in the smart homes.

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Major Key Players:
The key players in the global voice assistant market include voice assistant market Amazon Inc. (USA), Apple Inc. (USA), Creative Virtual Ltd. (USA), Google, Inc. (USA), Microsoft Corporation (USA), Next IT Corporation (UK), Nuance Communications (USA), Nokia Networks (Finland), Orange S.A. (France), and Samsung Group (South Korea).

Segmentations:
The global voice assistant market segmentation can segment the market into application, end-user, technology, and lastly, region. The application-based segmentation segments this market into contact centers, messenger bots, websites, and others. The websites segment is expected to hold the most dominant position in the application segment market during the forecast period and generate the highest revenue. The messenger bots segment is expected to witness the highest growth during the forecast period.

Based on end-users, the market has been segmented into individual users, small & medium enterprises (SMEs), and large enterprises. Individual user segment plays a major role in the market growth due to the popularity of Siri (from Apple) and Alexa (from Amazon). Improved artificial intelligence (AI), and other infrastructure oriented advancements are contributing to the market.

In the context of technology, the market has been segmented into natural language processing (NLP), speaker-dependent systems, speaker independent systems, speech recognition system, text-to-speech recognition, and voice recognition.

Regional Analysis:
The regional segmentation of the global voice assistant market segments the market into regional markets known as Europe, Asia Pacific, North America, and rest of the world (RoW). North America is holding the largest global market share due to technical advancements, the presence of key market players, and increasing use of the internet as well as mobile devices. The economies that can be most important country-specific markets in this region are the USA, Canada, and Mexico.

The Asia Pacific region is the fastest growing regional market due to stable technological advancement, rising disposable income, the growing use of mobile devices, and a high density of population. In this region, the most important country-specific markets are The economies that can be the major country-specific markets in the Asia Pacific region are India, China, and Japan.

In Europe, the market is growing due to the reasons that are the same as in North America. The major economies in this region that can be suitable country-specific markets are France, Germany, and the UK.

The RoW segment covers the nations in South America and Middle East & Africa (MEA). In South America, except for Argentina and Brazil, the market is expected to grow slowly in this region. In MEA countries, the market is limited because of most countries being poor, lack of awareness, lack of education, lack of right infrastructure, lack of skilled professionals and lack of technological advancement.

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Latest Industry News:
• As part of the new “Walmart Voice Order” feature, Walmart is adding voice-controlled shopping to Google Assistant. 2 APR 2019
• Google Duplex AI Voice-assistant is set to roll-out on iPhones and more Android devices. 4 APR 2019

Intended Audience
• Device manufacturers
• Network Operators
• Distributors
• Suppliers
• Research firms
• Software Developers
• Commercial Banks
• Vendors
• Semiconductor Manufacturers
• End-user sectors
• Technology Investors

Table of Contents
1 Market Introduction
1.1 Introduction
1.2 Scope of Study
1.2.1 Research objective
1.2.2 Assumptions
1.2.3 Limitations
1.3 Market Structure
2 Research Methodology
2.1 Research Type
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
Continued…

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List of Tables
Table 1 Voice Assistant Market, By Technology
Table 2 Voice Assistant Market, By Application
Table 3 Voice Assistant Market, By End User
Continued…

List of Figures
Figure 1 Research Type
Figure 2 Voice Assistant Market, By Technology (%)
Figure 3 Voice Assistant Market, By Application (%)
Continued…

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