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Global Voice Assistant Application Market: By Component Type: Solutions, Services; By Deployment Type: On-Premises, Cloud; By Company Size: Individual users, Others; By Application; By End Use; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Voice Assistant Application Market Outlook
The global voice assistant application market stood at a value of around USD 1.9 billion in 2020 and is further expected to grow at a CAGR of 24% during the forecast period of 2021-2026 to reach USD 7.7 billion by 2026.
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The demand for technologically advanced mobile devices has increased significantly over the past few years. Sophisticated assistive technology, voice assistant, and biometric recognition are commonly used in smartphones. Manufacturers of mobile devices are focused on integrating new functions in their products, such as voice assistant applications. Significant growth in mobile gaming has led the gaming industry to focus on the development of voice assistant systems for games. For many business aspects, mobility has become crucial, resulting in an increased demand for data collection using mobile devices, wireless networks, and unified communication, which further aids the industry.
Properties and Applications
A voice assistant is a digital assistant that utilises voice recognition, natural language processing, and speech synthesis to assist consumers through phone applications and voice recognition. The voice assistant application industry can be segmented based on component type, deployment type, company size, application, and end-use.
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Based on its end-use, the industry can be segmented into:
- Banking, Financial Services, and Insurance
- Healthcare
- Retail and E-Commerce
- Media and Entertainment
- Telecom and IT
- Manufacturing and Automotive
- Education
- Travel and Hospitality
- Others
Based on its component type, the industry is divided into solutions and services. Based on its deployment type, the market can be bifurcated into on-premises and cloud. On the basis of its company size, the industry can be categorised as individual users, small and medium enterprises, and large enterprises. By applications, the market can be segmented into web applications, mobile applications, and devices.
The EMR report looks into the regional markets for voice assistant application like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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Market Analysis
The global voice assistant application industry is being driven by the increased focus by the companies to provide improved customer experience, companies leveraging social media platforms as a prime marketing channel, progress in ecosystems of Natural Language Processing (NLP) and Automatic Speech Recognition (ASR), and increased omnichannel implementation. The cloud deployment for voice assistant application is anticipated to expand tremendously due to the growing awareness of the advantages of cloud-based alternatives.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global voice assistant application industry, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- IBM
- Google (NASDAQ: GOOGL)
- Amazon Web Service
- Microsoft
- Apple
- Baidu
- Nuance Communications
- Salesforce
- Verbio Technologies
- Samsung
- Oracle
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Questions Answered in the Market Report
- How has the global voice assistant application industry performed in the previous years (2016-2020)?
- What is the forecast assessment of the market for 2021-2026?
- What are the major drivers for the historical (2016-2020) and forecast (2021-2026) periods?
- What are the major constraints for the historical (2016-2020) and forecast (2021-2026) periods?
- What are the major demand indicators of the global voice assistant application industry?
- What is the degree of competition in the global market?
- What are the major events and developments taking place within the industry globally?
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.4 Assumptions
2.5 Market Models
3 Introduction
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Voice Assistant Application Market Analysis
6.1 Global Voice Assistant Application Market (2016-2020) & Forecast (2021-2026)
6.2 Global Voice Assistant Application Market Breakup by Component Type
6.2.1 Solutions
6.2.2 Services
6.3 Global Voice Assistant Application Market Breakup by Component Type: Historical Market (2016-2020) & Forecast (2021-2026)
6.3.1 Solutions
6.3.2 Services
6.4 Global Voice Assistant Application Market Breakup by Deployment Type
6.4.1 On-Premises
6.4.2 Cloud
6.5 Global Voice Assistant Application Market Breakup by Deployment Type: Historical Market (2016-2020) & Forecast (2021-2026)
6.5.1 On-Premises
6.5.2 Cloud
6.6 Global Voice Assistant Application Market Breakup by Company Size
6.6.1 Individual users
6.6.2 Small and Medium Enterprises
6.6.3 Large enterprises
6.7 Global Voice Assistant Application Market Breakup by Company Size: Historical Market (2016-2020) & Forecast (2021-2026)
6.7.1 Individual users
6.7.2 Small and Medium Enterprises
6.7.3 Large enterprises
6.8 Global Voice Assistant Application Market Breakup by Application
6.8.1 Web Applications
6.8.2 Mobile Applications
6.8.3 Devices
6.9 Global Voice Assistant Application Market Breakup by Application: Historical Market (2016-2020) & Forecast (2021-2026)
6.9.1 Web Applications
6.9.2 Mobile Applications
6.9.3 Devices
6.10 Global Voice Assistant Application Market Breakup by End Use
6.10.1 Banking, Financial Services, and Insurance
6.10.2 Healthcare
6.10.3 Retail and E-Commerce
6.10.4 Media and Entertainment
6.10.5 Telecom and IT
6.10.6 Manufacturing and Automotive
6.10.7 Education
6.10.8 Travel and Hospitality
6.10.9 Others
6.11 Global Voice Assistant Application Market Breakup by End Use: Historical Market (2016-2020) & Forecast (2021-2026)
6.11.1 Banking, Financial Services, and Insurance
6.11.2 Healthcare
6.11.3 Retail and E-Commerce
6.11.4 Media and Entertainment
6.11.5 Telecom and IT
6.11.6 Manufacturing and Automotive
6.11.7 Education
6.11.8 Travel and Hospitality
6.11.9 Others
6.12 Global Voice Assistant Application Market Breakup by Region
6.12.1 North America
6.12.1.1 United States of America
6.12.1.2 Canada
6.12.2 Europe
6.12.2.1 Germany
6.12.2.2 United Kingdom
6.12.2.3 France
6.12.2.4 Italy
6.12.2.5 Others
6.12.3 Asia Pacific
6.12.3.1 China
6.12.3.2 Japan
6.12.3.3 India
6.12.3.4 ASEAN
6.12.3.5 Others
6.12.4 Latin America
6.12.4.1 Brazil
6.12.4.2 Argentina
6.12.4.3 Mexico
6.12.4.4 Others
6.12.5 Middle East & Africa
6.12.5.1 Saudi Arabia
6.12.5.2 United Arab Emirates
6.12.5.3 Nigeria
6.12.5.4 South Africa
6.12.5.5 Others
6.13 Global Voice Assistant Application Market Breakup by Region: Historical Market (2016-2020) & Forecast (2021-2026)
6.13.1 North America
6.13.1.1 United States of America
6.13.1.2 Canada
6.13.2 Europe
6.13.2.1 Germany
6.13.2.2 United Kingdom
6.13.2.3 France
6.13.2.4 Italy
6.13.2.5 Others
6.13.3 Asia Pacific
6.13.3.1 China
6.13.3.2 Japan
6.13.3.3 India
6.13.3.4 ASEAN
6.13.3.5 Others
6.13.4 Latin America
6.13.4.1 Brazil
6.13.4.2 Argentina
6.13.4.3 Mexico
6.13.4.4 Others
6.13.5 Middle East & Africa
6.13.5.1 Saudi Arabia
6.13.5.2 United Arab Emirates
6.13.5.3 Nigeria
6.13.5.4 South Africa
6.13.5.5 Others
7 SWOT Analysis
7.1 Overview
7.2 Strengths
7.3 Weaknesses
7.4 Opportunities
7.5 Threats
8 Porter’s Five Forces Analysis
8.1 Overview
8.2 Buyer’s Power
8.3 Supplier’s Power
8.4 New Entrants
8.5 Degree of Rivalry
8.6 Substitutes
9 Competitive Landscape & Supplier Analysis
9.1 IBM
9.1.1 Company Overview
9.1.2 Financial Analysis
9.2 Google
9.2.1 Company Overview
9.2.2 Financial Analysis
9.3 Amazon Web Service
9.3.1 Company Overview
9.3.2 Financial Analysis
9.4 Microsoft
9.4.1 Company Overview
9.4.2 Financial Analysis
9.5 Apple
9.5.1 Company Overview
9.5.2 Financial Analysis
9.6 Baidu
9.6.1 Company Overview
9.6.2 Financial Analysis
9.7 Nuance Communications
9.7.1 Company Overview
9.7.2 Financial Analysis
9.8 Salesforce
9.8.1 Company Overview
9.8.2 Financial Analysis
9.9 Verbio Technologies
9.9.1 Company Overview
9.9.2 Financial Analysis
9.10 Samsung
9.10.1 Company Overview
9.10.2 Financial Analysis
9.11 Oracle
9.11.1 Company Overview
9.11.2 Financial Analysis
9.12 Others
10 Industry Events and Development
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