Evolving Market Trends In The Artificial Intelligence (AI) In Voice Assistants Industry: Integration of AI Voice Assistants in Business Operations

The Artificial Intelligence (AI) In Voice Assistants Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Expected Artificial Intelligence (AI) In Voice Assistants Market Size During the Forecast Period?
The voice assistants market, backed by artificial intelligence (AI), has witnessed a remarkable expansion in recent times. The market value that stands at $3.54 billion in 2024 is projected to escalate to $4.66 billion in 2025, tracing a compound annual growth rate (CAGR) of 31.5%. The substantial growth in the historic period can be traced back to factors such as enhanced investment in AI research, amplified utilization of voice assistants for health tracking, the surge in the sales of smart speakers, increased implementation of digital assistants in businesses, and the upswing in E-learning.

In the coming years, the market size of voice assistants in artificial intelligence (AI) is predicted to skyrocket. The market is projected to swell to $13.85 billion in 2029, experiencing a compound annual growth rate (CAGR) of 31.3%. The expected growth during the forecast period can be traced back to factors such as an intensified emphasis on data security, an increasingly more focused approach to accessibility, the rise of E-commerce, expansion in remote work, and a surge in voice searches. Significant trends to watch out for during the forecast period will include advancements in the processing of natural language, the integration of wearables, voice-activated IoT platforms, the combining of voice assistants with AR and VR applications, and the incorporation of voice assistants within the infrastructure of smart cities.

Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=20483

What Are the High-Growth Segments in the Artificial Intelligence (AI) In Voice Assistants Market?
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

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=20483&type=smp

What Key Drivers Are Expected to Influence Future Artificial Intelligence (AI) In Voice Assistants Market Growth?
The rise in smart homes adoption is anticipated to fuel the progression of the AI in voice assistants market. The term smart homes adoption refers to the increasing acknowledgement and infusion of intelligent home technologies and gadgets by homeowners. It shows the readiness of individuals or families to leverage the advantages and comforts provided by a networked and robotic living environment. Essentially, an AI in voice assistants is applied in smart thermostat and intelligent home appliances, where a connected and programmable utterance enables homeowners to manipulate and supervise their heating, ventilation, and air conditioning (HVAC) systems along with other intelligent devices. For instance, IoT For All, a technology media establishment based in the US, imparted in their reports from December 2022 that in 2022, smart homes' permeation stood at roughly 14%, with a projection of attaining 25% by the close of 2026. Moreover, an estimated 48.4% of US homes are expected to have automation by 2025. Consequently, the escalating adoption of smart homes is steering the expansion of the AI in voice assistants market.

Which Companies Hold the Largest Share Across Different Artificial Intelligence (AI) In Voice Assistants Market Segments?
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

What Trends Are Driving Growth in The Anesthesia Circuits Market?
Prominent businesses in the AI in voice assistants market are incorporating AI voice assistants in their organizational procedures to optimize client communication, automate regular tasks, and boost overall efficiency and user involvement. AI voice assistants employ natural language processing to comprehend and answer verbal instructions, enhancing customer assistance, productivity, and availability across numerous sectors. For example, in September 2023, Oracle, an American software firm, unveiled Oracle's clinical digital assistant. This digital assistant from Oracle fuses generative AI with vocal prompts to enhance the efficiency of electronic health record interactions, allowing healthcare providers to concentrate on patient care and engagement more. It allows patients to accomplish healthcare tasks and retrieve information via voice prompts and secured web discussions.

Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/artificial-intelligence-ai-in-voice-assistants-global-market-report

What Are the Emerging Geographies for The Artificial Intelligence (AI) In Voice Assistants Market Growth?
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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Artificial Intelligence (AI) In Voice Assistants Market?
2. What is the CAGR expected in the Artificial Intelligence (AI) In Voice Assistants Market?
3. What Are the Key Innovations Transforming the Artificial Intelligence (AI) In Voice Assistants Industry?
4. Which Region Is Leading the Artificial Intelligence (AI) In Voice Assistants Market?

Why This Report Matters:

Competitive overview: This report analyzes the competitive landscape of the artificial intelligence (ai) in voice assistants 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.