Press release
Emerging Trends Influencing The Growth Of The Voice Banking Market: Voice Banking Innovations Enhance Accessibility For Cognitive Disabilities
Voice Banking
How Big Is the Voice Banking Market Size Expected to Be by 2034?
The voice banking market has grown rapidly in recent years. It will expand from $1.61 billion in 2024 to $1.88 billion in 2025, reflecting a CAGR of 17.1%. This growth is driven by the increasing adoption of IoT and smart home devices, the growing use of multilingual voice assistants, higher smartphone penetration, improved security features, and the ongoing digital transformation in banking.
The voice banking market is set to experience significant growth, reaching $3.49 billion by 2029 with a CAGR of 16.7%. This growth can be driven by the rising adoption of AI-powered virtual assistants, the surge in smart speaker devices, a growing consumer preference for convenience, AI integration, and the expansion of telehealth services. Key trends include advancements in voice synthesis technologies, growing demand for personalized solutions, improvements in voice quality, and further integration of AI and machine learning.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=16822
What Are the Emerging Segments Within the Voice Banking Market?
The voice banking market covered in this report is segmented -
1) By Component: Solution, Services
2) By Technology: Machine Learning, Deep Learning, Natural Language Processing, Other Technologies
3) By Deployment Mode: On-Premise, Cloud
4) By Application: Banks, Non-Banking Financial Companies (NBFCs), Credit Unions, Other Applications
Subsegments:
1) By Solution: Voice Recognition Software, Speech-to-Text Systems, Voice Authentication And Security Solutions, Voice Analytics Tools
2) By Services: Consulting Services, Integration And Implementation Services, Training And Support Services, Managed Services
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=16822&type=smp
What Long-Term Drivers Are Shaping Voice Banking Market Trends?
The growing demand for voice assistance-enabled devices is expected to drive the voice banking market. These devices allow users to interact via voice commands, offering convenience and hands-free functionality. The increasing popularity of smart speakers and smartphones with voice assistants is fueling demand. A 2023 report from Statistics Canada highlighted a rise in the adoption of smart home devices, particularly smart speakers, which will continue to drive the growth of the voice banking market.
Who Are the Top Competitors in Key Voice Banking Market Segments?
Major companies operating in the voice banking market are Hongkong and Shanghai Banking Corporation Limited, NatWest Group, U.S. Bank, Lloyds Bank plc, ICICI Bank, Ally Financial Inc., Emirates NBD Bank, NCR Corporation, IndusInd Bank, Axis Bank, Verbio Technologies S.L, DBS Bank India Limited, Uniphore, Central 1 Credit Union, SoundHound AI Inc., Acapela Group, kasisto, BankBuddy, Vibepay, United Bank of India
What Trends Are Driving Growth in The Voice Banking Market?
Companies in the voice banking market are creating AI-powered voice-assisted solutions to enhance user experiences and provide inclusive banking options, especially for individuals with cognitive disabilities. For instance, in April 2023, Glia launched a voice banking solution on its platform. This feature extends the capabilities of AI-powered virtual assistants to handle phone interactions, allowing seamless management of voice and chat interactions for banking customers, providing 24/7 service and enhancing customer support.
Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/voice-banking-global-market-report
Which Regions Are Becoming Hubs for Voice Banking Market Innovation?
North America was the largest region in the voice banking market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the voice banking market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Voice Banking Market?
2. What is the CAGR expected in the Voice Banking Market?
3. What Are the Key Innovations Transforming the Voice Banking Industry?
4. Which Region Is Leading the Voice Banking Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
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: mailto: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.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Emerging Trends Influencing The Growth Of The Voice Banking Market: Voice Banking Innovations Enhance Accessibility For Cognitive Disabilities here
News-ID: 4046859 • Views: …
More Releases from The Business Research Company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for Bank
Mortgage-Backed Security Market 2022: Industry Manufacturers Forecasts- Construc …
The Mortgage-Backed Security research report is the professional report with the premium insights which includes the size of the business, the ongoing patterns, drivers, dangers, conceivable outcomes and primary segments. The Market Report predicts the future progress of the Mortgage-Backed Security market based on accurate estimations. Furthermore, the report offers actionable insights into the future growth of the market based on inputs from industry experts to help readers formulate effective…
Doorstep Banking Services Market Challenges and Opportunities in Banking Service …
Doorstep banking is a facility provided so that user don't have to visit bank branches for routine banking activities like cash deposit, cash withdrawal, cheque deposit, or making a demand draft. The bank extends these facilities at user work place by appointing a service provider on your behalf.
This service was earlier available only to senior citizens but it is available to everyone with nominal fee charges, depending on the type…
Payments Landscape in Iran: Opportunities and Risks to 2021- Bank Saderat Iran, …
Payments Landscape in Iran: Opportunities and Risks to 2021
Publisher's "Payments Landscape in Iran: Opportunities and Risks to 2021", report provides detailed analysis of market trends in the Iranian cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including payment cards and cheques during the review-period (2013-17e).
The report also analyzes various payment card markets operating in the industry, and provides detailed…
India Retail Banking Market Dynamics 2018 by SBI ICICI, HDFC, Axis Bank, Bank of …
Margins among Indian banks remained high at 6.3% in 2017 in comparison to its peers China (2.8%) and Malaysia (2.6%). The average cost-to-income ratio remained at around 53% during 2013-17, marginally higher than China (50%) and Malaysia (51%). However, there remain large disparities in operating efficiencies within the market. The same is also true for profitability, with large disparities in return on assets figures. This is due to rising compliance,…
Payments Landscape in Iran: Opportunities and Risks to 2021- Bank Saderat Iran, …
Payments Landscape in Iran: Opportunities and Risks to 2021
Publisher's "Payments Landscape in Iran: Opportunities and Risks to 2021", report provides detailed analysis of market trends in the Iranian cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including payment cards and cheques during the review-period (2013-17e).
The report also analyzes various payment card markets operating in the industry, and provides detailed…
India Retail Banking Market Dynamics 2018 by SBI ICICI, HDFC, Axis Bank, Bank o …
Margins among Indian banks remained high at 6.3% in 2017 in comparison to its peers China (2.8%) and Malaysia (2.6%). The average cost-to-income ratio remained at around 53% during 2013-17, marginally higher than China (50%) and Malaysia (51%). However, there remain large disparities in operating efficiencies within the market. The same is also true for profitability, with large disparities in return on assets figures. This is due to rising compliance, regulatory, and other…
