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Voice Assistant Shopping Market - Forecast to 2026

Voice Assistant Shopping Market

Voice Assistant Shopping Market

According to a new market research report published by Global Market Estimates, the Voice Assistant Shopping Market will grow with a CAGR value of around 50 percent over the forecast period.

Browse TOC on “Global Voice Assistant Shopping Market - Forecast to 2026" https://www.globalmarketestimates.com/market-report/voice-assistant-shopping-market-3510

By Technology (Speech Recognition, Natural Language Processing, Text To Speech Recognition), By Hardware (Smart Phones & Tablets, Smar Speakers [Google Assistant, Alexa & Amazon Echo, Bixby, Duer, Nina, JBL]), By Application (Food Order (Takeout), Grocery, Book, Homecare Goods, Transportation, Cloothing, Travel Reservation), By Region (North America, Asia Pacific, Europe, Latin America, Middle East & Africa); End-User Landscape, Company Market Share Analysis, and Competitor Analysis

Browse the Report @ https://www.globalmarketestimates.com/market-report/voice-assistant-shopping-market-3510

Voice Assistant shopping is an advancement in the overall e-commerce trade industry. With the help of this feature, the user can purchase and place an online order orally. Faster results, customized search, improved results of the desired products, and convenience are the major benefits offered by the industry. During the covid-19 impact, a large number of consumer groups shifted to the online shopping platform including the old age population. The geriatric consumer group was unenthusiastic to make an online purchase due to a large number of categories and segments on the shopping app. However, this problem can be easily resolved through the voice assistant shopping feature.

Smartphones dominated the hardware segment
The majority of the sales done in the industry were through smartphones. Wide availability, convenience, easy options availability, and compatibility are the prime factors to drive demand in this segment. The segment solely accounted for more than 60% of the revenue share in 2019.

Grocery applications holds a promising future
The global voice assistant shopping market is witnessing a positive from grocery applications. The online purchase of groceries increased since the first phase of the covid-19 pandemic. Majority of the purchase was shifted to the online platform and is expected to continue this trend during the forecast period.

North America dominated the regional share
The North American voice assistant shopping market dominated the overall regional share and accounted for over 60% of the sales in 2019. The high number of users accompanied by increased consumer willingness to use speech integrated features to search and find the product will support the regional industry growth.

Technology innovation and enhancing user experience are the prime strategies
Major players in the industry are Samsung Electronics, Apple Inc., Google Inc, Baidu, Bose Corporation, Microsoft Corporation, Amazon, Harman International Industries, JD.Com, IBM, Capgemini, Alibaba, Cisco, Nuance Communications, and Verint Systems.
The global voice assistant shopping company market revenue share is concentrated owing to the few companies covering the majority of the market. The concept is new and is in continuous development and advancement. Large scale companies are investing in AI tools to enhance the user experience and retain consumer interest.

Technology Outlook (Revenue, USD Million, 2021-2026)
• Speech recognition
• Natural language processing
• Text to speech recognition
• Others

Hardware Outlook (Revenue, USD Million, 2021-2026)
• Smart phones & tablets
• Smart speakers
• Google assistant
• Alexa and Amazon echo
• Bixby
• Duer
• Nina
• JBL
• Others
• Others

Application Outlook (Revenue, USD Million, 2021-2026)
• Food order (Takeout)
• Grocery
• Book
• Homecare goods
• Transportation (Cab/Taxi Book)
• Clothing
• Travel reservation
• Others

Regional Outlook (Revenue, USD Million, 2021-2026)
North America
• U.S.
• Canada
Europe
• Germany
• UK
• France
• Italy
Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
Latin America
• Brazil
• Mexico
Middle East & Africa
• Saudi Arabia
• UAE
• South Africa

Contact: Yash Jain
Email address: yash.jain@globalmarketestimates.com
Phone Number: +16026667238
Website: https://www.globalmarketestimates.com
Check our Latest Blogs: https://www.globalmarketestimates.com/blog-posts.php

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Global Market Estimates is an India based market research and consulting company. The company provides syndicated research reports, customised research reports and consulting services to their clients and helps them achieve their business goals on a commercial level. Global Market Estimates database is used by the world's well known and prolific academic institutions and Fortune 500 companies to understand the global and regional business environment to excel in their business goals.

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