What's Driving the Artificial Intelligence (AI) In Voice Assistants Market 2025-2034: Increasing Adoption Of Smart Homes Drive AI in Voice Assistants Market

What Are the Projections for the Size and Growth Rate of the Artificial Intelligence (AI) In Voice Assistants Market?
Recent years have seen a significant expansion in the market size of artificial intelligence (AI) in voice assistants. The market, valued at $3.54 billion in 2024, is projected to increase to $4.66 billion in 2025, with a compound annual growth rate (CAGR) of 31.5%. This robust development over the past years stems from factors such as increased AI research funding, high deployment of voice assistants for health monitoring, an upsurge in smart speaker sales, an elevated usage of digital assistants in businesses, and a surge in E-learning.

The market size of artificial intelligence (AI) incorporated in voice assistants is predicted to witness a substantial surge in the coming years, escalating to a value of $13.85 billion by 2029. This growth represents a compound annual growth rate (CAGR) of 31.3%. Factors contributing to this projected growth during the forecast period include increased concentration on data security, an emphasis on accessibility, a surge in E-commerce, the rise of remote work, and the broadening of voice search. Prominent trends in the upcoming period include improvements in natural language processing, the merging of voice assistants with wearable technology, the activation of IoT platforms through voice, the integration of voice assistants with AR and VR technologies, and the incorporation of voice assistants into smart city infrastructures.

What Are the Main Catalysts for Growth in the Artificial Intelligence (AI) In Voice Assistants Market?
The anticipated increase in the utilization of smart home technology is predicted to fuel the advancement of the AI in voice assistants market. This surge in smart home incorporation relates to the rising acceptance and integration of innovative home tech devices by homeowners. Smart homes represent individuals' or families' readiness to harness the advantages and ease provided by an interconnected and automated living space. An AI in voice assistants comes into play in the operation of smart thermostat and smart home gadgets, in which a networked and programmed voice empowers homeowners to command and regulate their heating, ventilation, and air conditioning (HVAC) systems in addition to other smart equipment. For example, in December 2022, IoT For All, a tech media platform based in the US, reported that the infusion of smart home was approximately 14% in 2022, and is projected to surge to 25% by the clim*ax of 2026. Moreover, nearly 48.4% of US homes are expected to have automation by 2025. Consequently, the escalating embracement of smart homes is steering the expansion of the AI in voice assistants market.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=20483&type=smp

Which Businesses Are at the Forefront of Artificial Intelligence (AI) In Voice Assistants Market Development?
Major companies operating in the artificial intelligence (AI) in voice assistants market are Apple Inc., Google LLC, Samsung Electronics Co. Ltd., Microsoft Corporation, Alibaba Group Holding Limited, Huawei Technologies Co. Ltd., Tencent Holdings Ltd., Amazon Web Service, Sony Group Corporation, International Business Machines Corporation, Cisco Systems Inc., Orange S.A., Oracle Corporation, Baidu Inc., Yandex LLC, iFLYTEK Co. Ltd., Sonos Inc., Nuance Communications Inc., Verint Systems Inc., SoundHound Inc., Rasa Technologies Inc., Cognigy GmbH, Deepgram, Pypestream Inc., VoiceOwl Bot Private Limited, Vokaturi B.V

Which Businesses Are at the Forefront of Albuminar-5 Market Development?
Primary corporations in the AI in voice assistants market are incorporating these AI voice assistants in their workflows to enhance customer communications, automate common chores, and boost efficiency and user interaction. The AI voice assistants employ natural language processing to comprehend and answer spoken instructions, thereby refining customer support, productivity, and accessibility across various industries. For example, Oracle, an American software corporation, launched Oracle's Clinical Digital Assistant in September 2023. This clinical assistant merges generative AI with voice commands, simplifying electronic health record exchanges to permit providers to concentrate more on patient care and connection. It enables patients to handle their healthcare duties and procure information via voice instructions and protected web chats.

How Is the Artificial Intelligence (AI) In Voice Assistants Market Segmented?
The artificial intelligence (AI) in voice assistants market covered in this report is segmented -

1) By Deployment Mode: Cloud-Based, On-Premise
2) By Application: Virtual Personal Assistants, Customer Service And Support
3) By Industry Vertical: Consumer Electronics, Banking, Financial Services, And Insurance (BFSI), Automotive, Healthcare, Retail And E-Commerce, Other Industry Verticals

Subsegments:
1) By Cloud-Based: AI Voice Assistant Platforms, Voice Recognition And Processing Services, Cloud-Based Speech Analytics Tools, API Integrations For Cloud Voice Assistants, AI-Driven Chatbot Services In The Cloud, Voice-Enabled IoT Services
2) By On-Premise: On-Premise Voice Assistant Software, Local Speech Recognition Systems, On-Premise Voice Analytics Tools, Customizable On-Premise Voice Assistant Solutions, Integration With Local Systems And Databases, Security And Compliance Tools For On-Premise Deployments

Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/artificial-intelligence-ai-in-voice-assistants-global-market-report

Where Is the Artificial Intelligence (AI) In Voice Assistants Market Growth Most Prominent?
North America was the largest region in the AI in voice assistants market in 2024. The regions covered in the artificial intelligence (AI) in voice assistants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Artificial Intelligence (AI) In Voice Assistants Global Market Report?

- Market Size Analysis: Analyze the artificial intelligence (ai) in voice assistants Market Size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the artificial intelligence (ai) in voice assistants market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall artificial intelligence (ai) in voice assistants market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the artificial intelligence (ai) in voice assistants market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=20483

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.