Voice-Based Payments Market Analysis of the Competitive Landscape Comprise the next big thing by NCR Corporation, Amazon.com, Inc & PayPal Holdings, Inc.

Global Voice-Based Payments Market reached US$ 6.0 billion in 2022 and is expected to reach US$ 13.7 billion by 2030, growing with a CAGR of 10.9% during the forecast period 2024-2031.

DataM Intelligence has published a new research report on "Voice-Based Payments Market Size 2024". The report explores comprehensive and insightful Information about various key factors like Segmentation, CAGR, business revenue competitive positioning of key companies, investigating elements such as product offerings, pricing strategies, financial performance, product portfolios, growth initiatives, and geographical reach. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.

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Voice-based payments refer to the use of voice recognition technology to facilitate financial transactions. This innovative payment method allows users to make purchases, send money, or manage their accounts through voice commands, typically using smart speakers, smartphones, or other voice-enabled devices. The technology leverages artificial intelligence and natural language processing to understand and process user requests securely and efficiently.The rise of voice-based payments is driven by the increasing adoption of smart devices, a growing demand for convenient payment solutions, and advancements in voice recognition accuracy. As consumers seek seamless and hands-free transaction experiences, voice-based payments are becoming an integral part of the digital payment landscape.

Key Developments:

➤ In February 2023, Ubona Technologies launched a groundbreaking payment solution called "123 UPI," utilizing speech recognition technology to enable users-regardless of whether they have feature phones or smartphones-to perform digital payments in their preferred Indian languages. The system requires a one-time registration process, which is facilitated by an automated Interactive Voice Response (IVR) system, allowing users to conduct secure payment transactions over the phone effortlessly.

➤ In September 2021, VibePay became the first social payment initiation service in Europe to introduce account-to-account voice-activated payments. This feature allows iOS users to utilize Siri for making payments or requesting payments from others directly. Transactions occur instantly between UK bank accounts at no cost, aligning with VibePay's mission to revolutionize the way consumers and businesses engage with payments.

Research Process:

Both primary and secondary data sources have been used in the global Voice-Based Payments Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

List of the Key Players in the Voice-Based Payments Market:

NCR Corporation, Amazon.com, Inc., PayPal Holdings, Inc., PCI Pal, Vibe Pay Limited, Alibaba Cloud International, Cerence, Inc., Google LLC, Huawei Technologies Co., Ltd. and Paysafe Holdings UK Limited.

Segment Covered in the Voice-Based Payments Market:

By Component: Software, Hardware.

By Enterprise Size: Large Enterprises, Small & Medium Enterprises.

By End-User: BFSI, Automotive, Healthcare, Retail, Government, Others.

Regional Analysis:

The global Voice-Based Payments Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.

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Regional Analysis:

The global Voice-Based Payments Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Voice-Based Payments Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

Chapter Outline:

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: key insights, key emerging trends, etc.

Chapter 3: Manufacturers competitive analysis, detailed analysis of Voice-Based Payments manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.

Chapter 5 & 6: Revenue of Voice-Based Payments in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.

Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 10: The main points and conclusions of the report.

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Frequently Asked Questions

Q1) How Big is the Voice-Based Payments Market?

A) Global Voice-Based Payments Market reached US$ 6.0 billion in 2022 and is expected to reach US$ 13.7 billion by 2030, growing with a CAGR of 10.9% during the forecast period 2024-2031.

Q2) Who are the key players of Voice-Based Payments Market?

A) NCR Corporation, Amazon.com, Inc., PayPal Holdings, Inc., PCI Pal, Vibe Pay Limited, Alibaba Cloud International, Cerence, Inc., Google LLC, Huawei Technologies Co., Ltd. and Paysafe Holdings UK Limited.

Q3) What are the regions covered in this report?

A) The global Voice-Based Payments Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa

4) What are the Segments Coverd in this report?

A) The Voice-Based Payments market is segmented as Component, Enterprise Size, End-User and Region.

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