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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 (2017-2027); 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 2022-2027 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.
Market Segmentation
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 Corporation
- Google LLC
- Amazon Web Services Inc.
- Microsoft Corporation
- Apple Inc.
- Samsung Electronics Co., Ltd.
- Nuance Communications, Inc.
- 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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Component Type, Deployment Type, Company Size, Application, End Use |
| Breakup by Component Type | Solutions, Services |
| Breakup by Deployment Type | On-Premises, Cloud |
| Breakup by Company Size | Individual users, Small and Medium Enterprises, Large enterprises |
| Breakup by Application | Web Applications, Mobile Applications, Devices |
| Breakup by End Use | Banking, Financial Services, and Insurance, Healthcare, Retail and E-Commerce, Media and Entertainment, Telecom and IT, Manufacturing and Automotive, Education, Travel and Hospitality, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | IBM Corporation, Google LLC, Amazon Web Services Inc., Microsoft Corporation, Apple Inc., Nuance Communications, Inc., Samsung Electronics Co., Ltd., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*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
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Voice Assistant Application Market Analysis
8.1 Key Industry Highlights
8.2 Global Voice Assistant Application Historical Market (2017-2021)
8.3 Global Voice Assistant Application Market Forecast (2022-2027)
8.4 Global Voice Assistant Application Market by Component Type
8.4.1 Solutions
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Services
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.5 Global Voice Assistant Application Market by Deployment Type
8.5.1 On-Premises
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Cloud
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.6 Global Voice Assistant Application Market by Company Size
8.6.1 Individual Users
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 Small and Medium Enterprises
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.6.3 Large Enterprises
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2017-2021)
8.6.3.3 Forecast Trend (2022-2027)
8.7 Global Voice Assistant Application Market by Application
8.7.1 Web Applications
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2017-2021)
8.7.1.3 Forecast Trend (2022-2027)
8.7.2 Mobile Applications
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2017-2021)
8.7.2.3 Forecast Trend (2022-2027)
8.7.3 Devices
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2017-2021)
8.7.3.3 Forecast Trend (2022-2027)
8.8 Global Voice Assistant Application Market by End Use
8.8.1 Banking, Financial Services, and Insurance
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2017-2021)
8.8.1.3 Forecast Trend (2022-2027)
8.8.2 Healthcare
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2017-2021)
8.8.2.3 Forecast Trend (2022-2027)
8.8.3 Retail and E-Commerce
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2017-2021)
8.8.3.3 Forecast Trend (2022-2027)
8.8.4 Media and Entertainment
8.8.4.1 Market Share
8.8.4.2 Historical Trend (2017-2021)
8.8.4.3 Forecast Trend (2022-2027)
8.8.5 Telecom and IT
8.8.5.1 Market Share
8.8.5.2 Historical Trend (2017-2021)
8.8.5.3 Forecast Trend (2022-2027)
8.8.6 Manufacturing and Automotive
8.8.6.1 Market Share
8.8.6.2 Historical Trend (2017-2021)
8.8.6.3 Forecast Trend (2022-2027)
8.8.7 Education
8.8.7.1 Market Share
8.8.7.2 Historical Trend (2017-2021)
8.8.7.3 Forecast Trend (2022-2027)
8.8.8 Travel and Hospitality
8.8.8.1 Market Share
8.8.8.2 Historical Trend (2017-2021)
8.8.8.3 Forecast Trend (2022-2027)
8.8.9 Others
8.9 Global Voice Assistant Application Market by Region
8.9.1 Market Share
8.9.1.1 North America
8.9.1.2 Europe
8.9.1.3 Asia Pacific
8.9.1.4 Latin America
8.9.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 IBM Corporation
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 Google LLC
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 Amazon Web Services Inc.
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 Microsoft Corporation
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 Apple Inc.
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Samsung Electronics Co., Ltd.
11.2.6.1 Company Overview
11.2.6.2 Product Portfolio
11.2.6.3 Demographic Reach and Achievements
11.2.6.4 Certifications
11.2.7 Nuance Communications, Inc.
11.2.7.1 Company Overview
11.2.7.2 Product Portfolio
11.2.7.3 Demographic Reach and Achievements
11.2.7.4 Certifications
11.2.8 Others
12 Industry Events and Developments
List of Key Figures and Tables
1. Global Voice Assistant Application Market: Key Industry Highlights, 2017 and 2027
2. Global Voice Assistant Application Historical Market: Breakup by Component Type (USD Million), 2017-2021
3. Global Voice Assistant Application Market Forecast: Breakup by Component Type (USD Million), 2022-2027
4. Global Voice Assistant Application Historical Market: Breakup by Deployment Type (USD Million), 2017-2021
5. Global Voice Assistant Application Market Forecast: Breakup by Deployment Type (USD Million), 2022-2027
6. Global Voice Assistant Application Historical Market: Breakup by Company Size (USD Million), 2017-2021
7. Global Voice Assistant Application Market Forecast: Breakup by Company Size (USD Million), 2022-2027
8. Global Voice Assistant Application Historical Market: Breakup by Application (USD Million), 2017-2021
9. Global Voice Assistant Application Market Forecast: Breakup by Application (USD Million), 2022-2027
10. Global Voice Assistant Application Historical Market: Breakup by End Use (USD Million), 2017-2021
11. Global Voice Assistant Application Market Forecast: Breakup by End Use (USD Million), 2022-2027
12. Global Voice Assistant Application Historical Market: Breakup by Region (USD Million), 2017-2021
13. Global Voice Assistant Application Market Forecast: Breakup by Region (USD Million), 2022-2027
14. North America Voice Assistant Application Historical Market: Breakup by Country (USD Million), 2017-2021
15. North America Voice Assistant Application Market Forecast: Breakup by Country (USD Million), 2022-2027
16. Europe Voice Assistant Application Historical Market: Breakup by Country (USD Million), 2017-2021
17. Europe Voice Assistant Application Market Forecast: Breakup by Country (USD Million), 2022-2027
18. Asia Pacific Voice Assistant Application Historical Market: Breakup by Country (USD Million), 2017-2021
19. Asia Pacific Voice Assistant Application Market Forecast: Breakup by Country (USD Million), 2022-2027
20. Latin America Voice Assistant Application Historical Market: Breakup by Country (USD Million), 2017-2021
21. Latin America Voice Assistant Application Market Forecast: Breakup by Country (USD Million), 2022-2027
22. Middle East and Africa Voice Assistant Application Historical Market: Breakup by Country (USD Million), 2017-2021
23. Middle East and Africa Voice Assistant Application Market Forecast: Breakup by Country (USD Million), 2022-2027
24. Global Voice Assistant Application Market Structure
Key Questions Answered in the Report
In 2020, the global voice assistant application market attained a value of about USD 1.9 billion.
The market is projected to grow at a CAGR of 24% between 2022 and 2027.
The market is being driven by the rising incorporation of voice assistant features in smartphones and smartphone applications such as gaming software.
The market growth in the forecast period can be associated with the increasing focus on enhanced customer experience and the progressions in Natural Language Processing (NLP) and Automatic Speech Recognition (ASR) ecosystems.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major component types of voice assistant application are solutions and services.
The different deployment types of voice assistant application are on-premises and cloud.
The significant company sizes of voice assistant application include individual users, small and medium enterprises, and large enterprises.
The various applications of voice assistant applications are web applications, mobile applications, and devices.
The several end uses of voice assistant application are banking, financial services, and insurance, healthcare, retail and e-commerce, media and entertainment, telecom and IT, manufacturing and automotive, education, and travel and hospitality, among others.
The major players in the industry are IBM Corporation, Google LLC, Amazon Web Services Inc., Microsoft Corporation, Apple Inc., Nuance Communications, Inc., Samsung Electronics Co., Ltd., Others.
Analyst Review
The global voice assistant application market attained a value of nearly USD 1.9 billion in 2020, driven by rising smartphone ownership. Aided by advancements in voice-assistant technology, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 24%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on component type, the voice assistant application industry can be divided into solutions and services. On the basis of deployment type, the market can be classified into on-premises and cloud. On the basis of company size, the market is classified into individual users, small and medium enterprises, and large enterprises. Based on application, the market can be categorised into web applications, mobile applications, and devices. By end uses, the market can be divided into banking, financial services, and insurance, healthcare, retail and e-commerce, media and entertainment, telecom and IT, manufacturing and automotive, education, and travel and hospitality, among others. The major regional markets for voice assistant application are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include IBM Corporation, Google LLC, Amazon Web Services Inc., Microsoft Corporation, Apple Inc., Nuance Communications, Inc., Samsung Electronics Co., Ltd., Others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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