Press release
Global Voice Assistant Application Market 2023 - Industry Segments, Drivers, Trends, Forecast To 2032
Voice Assistant Application Global Market
Voice Assistant Application Market Size, Growth Rate, And Forecast
The global voice assistant application market size grew from $3.43 billion in 2022 to $4.52 billion in 2023 at a compound annual growth rate (CAGR) of 32.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The voice assistant application market size is expected to grow to $13.66 billion in 2027 at a CAGR of 31.8%.
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Voice Assistant Application Market Drivers
The growing voice-enabled devices are contributing to the growth of the voice assistant application market. The voice-activated device recognizes spoken instructions and inquiries, and commonly employs text-to-speech to play a response.
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Voice Assistant Application Market Segments
1) By Component: Solutions, Services
2) By Deployment mode: On-Premises, Cloud
3) By Applications: Web Applications, Mobile Applications
4) By End-use: Banking, Financial Services, And Insurance, Healthcare, Retail And E-Commerce, Media And Entertainment, Telecom And IT, Manufacturing And Automotive, Education, Travel And Hospitality, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Voice Assistant Application market.
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Voice Assistant Application Market Key Players
Major competitors in the Voice Assistant Application market include Amazon Web Services, Apple, Baidu Inc., Google LLC, IBM Corporation, Microsoft Corporation, Oracle Corporation
The Table Of Content For The Voice Assistant Application Market Include:
1. Executive Summary
2. Voice Assistant Application Market Characteristics
3. Voice Assistant Application Market Trends And Strategies
4. Voice Assistant Application Market - Macro Economic Scenario
5. Voice Assistant Application Market Size And Growth
……
27. Voice Assistant Application Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Voice Assistant Application Market
29. Voice Assistant Application Market Future Outlook and Potential Analysis
30. Appendix
The Business Research Company's "Global Voice Assistant Application Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
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