Voice Assistant Market Size to Reach USD 30.72 Billion, With an 31.2% CAGR by 2030 – Report by Market Research Future (MRFR)

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.

The voice assistant market refers to the market for devices and software applications that are designed to respond to voice commands and interact with users in a natural language. Examples of voice assistants include Amazon’s Alexa, Apple’s Siri, Google Assistant, and Microsoft’s Cortana.

COVID-19 has had a significant impact on the voice assistant market. With more people working from home, there has been an increased demand for smart home devices that can be controlled through voice commands. Additionally, the pandemic has accelerated the adoption of virtual assistants in healthcare, education, and other industries. The global voice assistant market is expected to grow significantly in the coming years.

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Key players

Some of the top key market players are

• IBM Corporation (US)
• Nuance Communications Inc (US)
• com (US)
• Microsoft (US)
• Google LLC (US)
• Apple Inc (US)

Report Scope

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Market Segmentation

The Global Voice Assistant market has been segmented into end-user, applications, technology and product

Based on End-User: Individual users, big businesses, and small and medium businesses are all included in the voice assistant market segmentation based on the end user.

Based on Applications: The voice assistant market segment includes websites, call centres, and message bots depending on the application.

Based on Technology: Natural Language Processing as a technology, Recognition of Speech and Voice, and Text-to-Speech

Based on Product: Smart Speakers and Personal Assistants by Product

Regional Analysis

In terms of region, North America is currently the largest market for voice assistants, followed by Europe and Asia Pacific. This is due to the high adoption rate of smart home devices and the presence of major players in the region.

However, the Asia Pacific region is expected to experience the fastest growth in the voice assistant market during the forecast period. This is attributed to the growing popularity of smart speakers and voice-enabled devices in countries such as China, Japan, and South Korea.

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In summary, the voice assistant market has been significantly impacted by the COVID-19 pandemic, but is expected to continue growing in the coming years with North America currently the largest market but Asia Pacific expected to see the fastest growth.

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

Contact Information:

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