Voice Assistant market to grow at a CAGR of 31.2% with USD vale of 30.72 Billion by 2030 | According to Market Research Future

Research Reports

Feb 17, 2023

Market Research Future Insights

According to MRFR analysis, the global Voice Assistant market is expected to register a CAGR of 31.2% from 2022 to 2030 and hold a value of over USD 30.72 billion by 2030.

A voice assistant is a software program that uses natural language processing and speech recognition technologies to understand and respond to voice commands. These assistants can be integrated into a variety of devices, such as smartphones, smart speakers, and smart home devices, and can be used to perform a wide range of tasks. The COVID-19 pandemic has had a significant impact on the voice assistant industry. With people spending more time at home due to lockdowns and social distancing measures, there has been an increased demand for voice assistants that can help people manage their daily tasks and routines, such as making phone calls, setting reminders, and controlling smart home devices. Additionally, the pandemic has also led to an increase in e-commerce and online shopping, which in turn has led to an increase in the use of voice assistants for tasks such as ordering groceries and other household items.

Parameter Details
Revenue Forecast in 2030: USD 30.72 Billion
Growth Rate: CAGR 31.2% of from 2022 to 2030
Forecast Period: 2022 -2030
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

 

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Key Players

Some of the key Voice Assistant market players are

IBM Corporation

Nuance Communications

Amazon.com

Microsoft

Google LLC

Apple Inc.

Samsung Electronics

Cisco Systems

Orange S.A.

Verint Systems Inc.

Creative Virtual Ltd.

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Market Segmentatio

The Global Voice Assistant market has been segmented into technology, application, and end user.

Based on the technology, the market has been segmented into Natural Language Processing, Speech/Voice Recognition, and Text-to-Speech Recognition.

Based on the application, the market has been segmented into Messenger Bots, Websites, Contact Centers, and Others.

Based on the end user, the market has been segmented into Individual Users, Large Enterprises, and Small & Medium enterprises.

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Regional Analysis

Europe stands second globally in terms of the adoption of voice assistant-based solutions for customer service and is expected to witness rapid growth in the coming years. This is due to the increasing demand for smart contact centers and personalized customer experience. Additionally, the industrial and IT sectors in the region aim to adopt voice assistant-based solutions for voice automation while developing new solutions for complex use case scenarios.

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https://www.bloggalot.com/business-post/ai-in-construction-market-size–share–demand–development-strategy–future-trends-and-industry-growth

https://justpaste.me/SEGc4 

https://deutschekleidung.com/read-blog/2166

https://www.zupyak.com/p/3498987/t/ai-in-construction-market-size-opportunities-analysis-and-trends-by-forecast-to-2030

Tags: Global Voice Assistant Market, Voice Assistant Market Size, Voice Assistant Market Share, Voice Assistant market scope, Voice Assistant market 2030, Voice Assistant market demand, Voice Assistant Market See Campaign: https://www.marketresearchfuture.com/reports/voice-assistant-market-4003

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