Press release
Voice Assistant Application Market 2021 Highlights Recent Trends, Market Growth, Opportunities till 2026
The Voice Assistant Application Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Voice Assistant Application market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Voice Assistant Application market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Voice Assistant Application market.The voice assistant application market is projected to grow at 27.3% CAGR during the forecast period of 2021-2026.
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Top Leading Companies of Voice Assistant Application Market are - Google LLC (Alphabet Inc.), IBM Corporation, Nuance Communications Inc., Microsoft Corporation, Amazon Web Services, Inc., Apple Inc., Salesforce.com, inc., Samsung Group, Oracle Corporation, Let's Nurture Infotech Pvt Ltd. and others.
Industry News and Updates:
- In April 2020, Google LLC announced the general availability of the Local Home software development kit (SDK). This development toolkit will help connected-device makers improve the responsiveness of their products. The newly launched SDK makes it possible to run a JavaScript-based app on the target Google Assistant device, which will help the smart home users by enabling voice-controlled kitchen appliances applications.
- In May 2020, Cerence Inc. introduced Cerence ARK Assistant, which is a new turnkey automotive voice assistant in U.S. English. This newly launched solution is built on Cerence voice and AI-based innovations and backed by the company’s initial assistant for the Chinese market that launched last year.
Key Market Trends:
Healthcare Vertical is Expected to Grow Significantly Over the Forecast Period
- Healthcare providers are analyzing the benefits of voice assistant applications for increasing efficiency and improving patient experience. For this reason, several healthcare brands are smartly utilizing voice-assisted technology, giving some concrete reasons to believe in its competency.
- Voice assistant applications in healthcare can help in chronic disease management of patients. For example, Sugarpod, a type 2 diabetes management solution that has custom tasks for diabetes patients, is based on their preferences. Sugarpod, when integrated with voice assistants, it allows patients to manage their treatment procedures and monitor progress effectively.
North America is Expected to Hold Largest Share over the Forecast Period
- The significant presence of technology providers and increasing usage of voice assistant applications by end-use industries like healthcare and retail drive the growth of the North American geographic segment. The vendors in this region are focusing on entering into partnerships, merger-acquisitions, and providing innovative solutions to stay in the regional and globally competitive landscape.
- According to HP Development Company, one in three United States homes has a smart speaker, and 81% of them have voice assistants like the Google voice assistant in their smartphones. The rising adoption of connected devices in the United States further drives the growth of the North American region segment of the market.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Voice Assistant Application Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Voice Assistant Application Market (%),2016 - 2026
- Voice Assistant Application Market Share, By Brand
- Voice Assistant Application Market Share, By Company
- Voice Assistant Application Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Voice Assistant Application Market Value Analysis & Forecast
- Promising Voice Assistant Application Development by Major Companies
- Detailed Voice Assistant Application Portfolio of the Major Companies
- Major Deals in the Voice Assistant Application Market
- Major Companies Analysis
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We Offer Customization on Report Based on Specific Client Requirement:
- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
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Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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