The global voice assistant application market stood at a value of around USD 1.9 billion in 2019 and is further expected to grow at a CAGR of 24% during the forecast period of 2020-2025 to reach USD 7.7 billion by 2025. 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.
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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.
Based on its end-use, the industry can be segmented into:
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.
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.
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:
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:
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
2.5 Market Models
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 (2015-2019) & Forecast (2020-2025)
6.2 Global Voice Assistant Application Market Breakup by Component Type
6.3 Global Voice Assistant Application Market Breakup by Component Type: Historical Market (2015-2019) & Forecast (2020-2025)
6.4 Global Voice Assistant Application Market Breakup by Deployment Type
6.5 Global Voice Assistant Application Market Breakup by Deployment Type: Historical Market (2015-2019) & Forecast (2020-2025)
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 (2015-2019) & Forecast (2020-2025)
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
6.9 Global Voice Assistant Application Market Breakup by Application: Historical Market (2015-2019) & Forecast (2020-2025)
6.9.1 Web Applications
6.9.2 Mobile Applications
6.10 Global Voice Assistant Application Market Breakup by End Use
6.10.1 Banking, Financial Services, and Insurance
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
6.10.8 Travel and Hospitality
6.11 Global Voice Assistant Application Market Breakup by End Use: Historical Market (2015-2019) & Forecast (2020-2025)
6.11.1 Banking, Financial Services, and Insurance
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
6.11.8 Travel and Hospitality
6.12 Global Voice Assistant Application Market Breakup by Region
6.12.1 North America
220.127.116.11 United States of America
18.104.22.168 United Kingdom
6.12.3 Asia Pacific
6.12.4 Latin America
6.12.5 Middle East & Africa
22.214.171.124 Saudi Arabia
126.96.36.199 United Arab Emirates
188.8.131.52 South Africa
6.13 Global Voice Assistant Application Market Breakup by Region: Historical Market (2015-2019) & Forecast (2020-2025)
6.13.1 North America
184.108.40.206 United States of America
220.127.116.11 United Kingdom
6.13.3 Asia Pacific
6.13.4 Latin America
6.13.5 Middle East & Africa
18.104.22.168 Saudi Arabia
22.214.171.124 United Arab Emirates
126.96.36.199 South Africa
7 SWOT Analysis
8 Porter’s Five Forces Analysis
8.2 Buyer’s Power
8.3 Supplier’s Power
8.4 New Entrants
8.5 Degree of Rivalry
9 Competitive Landscape & Supplier Analysis
9.1.1 Company Overview
9.1.2 Financial Analysis
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
9.4.1 Company Overview
9.4.2 Financial Analysis
9.5.1 Company Overview
9.5.2 Financial Analysis
9.6.1 Company Overview
9.6.2 Financial Analysis
9.7 Nuance Communications
9.7.1 Company Overview
9.7.2 Financial Analysis
9.8.1 Company Overview
9.8.2 Financial Analysis
9.9 Verbio Technologies
9.9.1 Company Overview
9.9.2 Financial Analysis
9.10.1 Company Overview
9.10.2 Financial Analysis
9.11.1 Company Overview
9.11.2 Financial Analysis
10 Events and Development
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