Global Voice Assistant Application Market 2023-2027

Global Voice Assistant Application Market 2023-2027
Technavio has been monitoring the voice assistant application market and is forecast to grow by USD 10334.37 mn during 2022-2027, accelerating at a CAGR of 30.4% during the forecast period. Our report on the voice assistant application market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by digital transformation, increasing popularity of autonomous vehicles, and increasing adoption of technologically advanced mobile devices.
Technavio's voice assistant application market is segmented as below:

By ApplicationIndividual usersSMEsLarge enterprisesBy DeploymentCloudOn-premiseBy Geographical LandscapeNorth AmericaEuropeAPACMiddle East and AfricaSouth AmericaThis study identifies the growing demand for smart homes and the development of smart cities as one of the prime reasons driving the voice assistant application market growth during the next few years. Also, the integration of voice-controlled personal assistants in kitchen appliances and the introduction of next-generation networks will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the voice assistant application market covers the following areas:Voice assistant application market sizingVoice assistant application market forecastVoice assistant application market industry analysisTechnavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading voice assistant application market vendors that include Alphabet Inc., Amazon.com Inc., Apple Inc., Artificial Solutions International AB, Huawei Technologies Co. Ltd., International Business Machines Corp., Microsoft Corp., Nuance Communications Inc., Oracle Corp., Orbita Inc., Robin Labs, RoboBot Studio, Salesforce.com Inc., Samsung Electronics Co. Ltd., SAP SE, SoundHound Inc., Verbio Technologies SL, Voiceflow Inc., Xiaomi Communications Co. Ltd., and Baidu Inc.. Also, the voice assistant application market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.