Growing internet user base
and increasing adoption of technologies in smartphones to drive global voice
assistant market through 2024
According to TechSci Research report, “Global Voice Assistant Market By Technology, By Application, By End User, By Region, Competition,
Forecast & Opportunities, 2024”, voice assistant market, globally, is projected to grow at
a CAGR of over 30% during 2019-2024, on account of increasing demand for
voice search and high penetration of internet at low cost. Voice assistant performs
a variety of actions after hearing a wake word or command. They can perform a plethora
of actions such as turn on light, place online orders and answer questions. Increasing
adoption of smart homes is expected to positively influence growth of the voice
assistant market through 2024, as speech recognition and voice recognition are
used in devices implemented in smart homes.
Browse 20 market data Tables and 106 Figures
spread through 110
Pages and an in-depth TOC on "Global Voice Assistant Market"
Customers can also request for 10% free
customization on this report.
In terms of technology, global voice assistant
market can be segmented into speech recognition, text to speech recognition,
voice recognition and natural language processing (NLP). Text to speech
recognition accounted for the largest market share in 2018 and the trend is
likely to continue during the forecast period, as it allows customers to easily
interact and perform tasks with smartphones. Voice assistant finds application
in various verticals such as banking, financial services and insurance (BFSI)
and healthcare sectors. On the basis of end user, the market can be categorized
into individual users, large enterprises and SMEs. Large enterprise segment is
registering rapid adoption of voice assistant, in order to reduce dependence on
humans for customer service and increase revenue.
Google
Inc., Amazon Inc., Apple Inc., Microsoft Corp., Samsung Group, Orange S.A.,
Sony Corp., Alibaba Group Holding Ltd., Nuance Communications, Motorola
Solutions, Inc. and Next IT Corp. are some of the leading players operating in global
voice
assistant market. Companies operating in the market are using organic
strategies such as product launches, mergers and collaborations to boost their
share.
“North America dominated global voice assistant market
in 2018, accounting for one-third share of the market due to early adoption of
technology in the region. Moreover, increasing inclination towards self-service
options and messaging apps is expected to boost the adoption of voice
assistants in the region during the forecast period.”, said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“Global Voice Assistant Market By Technology, By
Application, By End User, By Region, Competition, Forecast & Opportunities,
2024” has evaluated the
future growth potential of global voice assistant market and provides
statistics & information on market size, structure and future market growth.
The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global voice assistant market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: sales@techsciresearch.com
No comments:
Post a Comment