Press release
Voice Assistant Application Market size is expected to reach $ Bn by 2030, as per Maximize Market research
Voice Assistant Application Market, Voice Assistant Application Market Size, Voice Assistant Application Market Share,
Voice Assistant Application Market Overview
Voice Assistant Application Market Key Market Drivers
A 2019 PWC survey showed that over 90% of people aged 18 to 64 have tried voice technology, with over 70% using it more than once. Consumers are drawn to voice assistants for their convenience, especially in smart home settings. Businesses are also adopting this technology to improve customer service and streamline processes.
The growing number of connected devices, along with advancements in AI and machine learning, is pushing the use of voice recognition. Voice assistants are now commonly used for tasks like online shopping, banking, and scheduling, offering better accuracy and efficiency.
The popularity of voice-activated devices, like Siri, Google Assistant, and Alexa, continues to grow. These devices improve customer service and make daily tasks easier. As technology evolves, voice assistant usage is expected to rise further.
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Voice Assistant Application Market Challenges
Despite growth, some challenges remain. Limited integration with certain devices slows market expansion, as not all products work with voice technology. Additionally, voice assistants are limited to preprogrammed responses, reducing their effectiveness for broader queries.
North America leads the global industry
North America led the market in 2023, driven by rapid business adoption of new technologies. The U.S., in particular, is a key contributor, with industries like banking, healthcare, and retail widely using voice assistant applications. Leading companies include Amazon, Google, Microsoft, and Apple.
In regions with multiple languages, like Indonesia and India, language barriers are a challenge. However, improvements in speech recognition technology are helping to overcome this issue.
Voice Assistant Application Recent News
8/8/2024 SoundHound acquires Amelia AI for $80M after it raised $189M+
5/12/2023 TeleCloud Acquires DiRAD's Nextphone Customer Base
19/12/2023 TomTom and Microsoft partner to bring GenAI to the automotive industry
21/11/2019 Sonos buys Snips, a privacy-focused voice assistant / Sonos plays offense and defense
12/7/2024 Trinity start-up secures โฌ500k to develop AI assistant for people with Parkinson's
4/10/2024 Google expands Gemini Live Al voice assistant to more than 40 languages
1/10/2024 Copilot Voice beats Gemini Live and ChatGPT's Voice Mode in one big way
24/9/2024 OpenAI finally brings humanlike ChatGPT Advanced Voice Mode to U.S. Plus, Team users
30/8/2024 Amazon Taps Anthropic's AI to Overhaul Alexa
31/1/2024 Fabric Acquires Conversational AI Care Assistant GYANT
9/1/2024 Volkswagen Integrates OpenAI's ChatGPT into In-Car Voice Assistant
4/1/2024 Your Next Mercedes-Benz Will Have An AI-Powered Virtual Assistant
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Voice Assistant Application Market Segmentation
by Component
Solution
Services
by Deployment
On-Premises
Cloud
by Organization Size
SMEs
Large Enterprises
by Application
Smart Retail and eCommerce
Smart Banking
Connected Healthcare
Smart Transportation
Smart Manufacturing
Smart Learning
Others
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Voice Assistant Application Market Key Players
Aivo
AWS
Apple
Avaamo
Avaya
Baidu
Cisco
Clinc
Creative Virtual
10.Google
11.Inbenta
12.IBM
13.Haptik
14.Kata.ai
15.Microsoft
16.Mindsay
17.Oracle
18.Rasa
19.Samsung
20.SAP
21.Slang Labs
22.SoundHound
23.Verbio
24.Verint Systems
25.Zaion
Key questions answered in the Voice Assistant Application Market are:
Which is the potential market for the Voice Assistant Application in terms of the region?
What are the opportunities for new market entrants?
What is expected to drive the growth of the Voice Assistant Application market in the forecast period?
What is the projected market size & growth rate of the Voice Assistant Application Market?
What segments are covered in the Voice Assistant Application Market report?
๐ ๐จ๐ซ ๐ ๐๐๐๐ฉ๐๐ซ ๐ฎ๐ง๐๐๐ซ๐ฌ๐ญ๐๐ง๐๐ข๐ง๐ , ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค: https://www.maximizemarketresearch.com/market-report/global-voice-assistant-application-market/29742/
Key Offerings:
Past Voice Assistant Application Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by Different Segment | 2024-2030
Voice Assistant Application Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
ยง Competitive landscape - Voice Assistant Application Market Leaders, Market Followers, Regional player
ยง Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
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About Maximize Market Research:
Maximize Market Research is a global market research and consulting company that provides businesses with insights to foster their growth and competitive advantage. The company specializes in delivering actionable and data-driven research reports tailored to help organizations make informed decisions. With a team of experienced analysts and consultants, Maximize Market Research offers expertise across multiple industries, including healthcare, technology, manufacturing, consumer goods, and more.
Their services cover market sizing, forecasting, competitive analysis, and customer insights, helping clients to address their strategic needs and identify emerging trends. The company emphasizes client success, offering detailed analysis and recommendations that support business transformation and operational excellence.
Maximize Market Research also provides custom research services, allowing businesses to get solutions specific to their market challenges. With a strong global presence, the company serves clients from various sectors, ensuring they stay ahead in a rapidly evolving market landscape.
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