Reports
Sale
Global Voice User Interface Market Size, Share, Forecast: By Offering: Solution, Services; By Application: Smart Speakers, Voice-Controlled Devices, Interactive Voice Response, Smartphones and Tablets, Others; By Industry Vertical: BFSI, Consumer Electronics, Retail and E-Commerce, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Voice User Interface Market Outlook
The global voice user interface market size was approximately USD 23.97 billion in 2023. The market is further projected to grow at a CAGR of 21.1% between 2024 and 2032, reaching a value of USD 134.28 billion by 2032.
Key Trends in the Market
Voice user interface, or VUI, is a technology that enables voice commands to be used for communication with electronic devices, including computers, smartphones, and other devices. With this voice-first strategy, customers can use automated services and perform daily tasks quickly and easily.
VUI can perform tasks such as setting alarms, reminders, playing music, and others that any e-device can do while offering a hands-on and screen-free experience to users. Google Assistant, Siri, and Amazon Alexa are some of the most widely known VUIs in the world.
- With the growing smartphone penetration and the increasing accessibility to 5G networking connectivity, there is an increasing adoption of voice user interfaces for hands-free and personalised interactions.
- One of the key voice user interface market trends includes advancements in speech recognition technology and AI voice recognition systems that make use of NLP and ASR technologies. Such technologies are expected to improve the recognition ability of voice commands and enhance the recognition of short words.
- Innovations in multilingual VUI to provide valuable insights, analyse trends in multiple languages and dialects, and prove accessible to a wider range of audiences are expected to positively influence the voice user interface market growth in the forecast period. Additionally, data on consumer preferences, language usage trends, and user behaviour across various markets can be obtained with a multilingual VUI.
Market Analysis
Based on offering, the market is segmented into solutions and services. On the basis of application, the market can be bifurcated into smart speakers, voice-controlled devices, interactive voice response, and smartphones and tablets, among others.
Based on industry vertical the global voice user interface market segmentation includes BFSI, consumer electronics, retail and e-commerce, automotive and transportation, healthcare and life science, government and defense, and travel and hospitality, among others. The major regional markets for the market are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global voice user interface market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Apple, Inc.
- Amazon.com, Inc.
- Alphabet Inc. (Google)
- Microsoft Corporation
- Samsung Electronics Co., Ltd.
- Meta Platforms Inc.
- SoundHound AI Inc.
- Voix Inc.
- CastleOS Software, LLC
- Others
Market Share by Industry Vertical
As per the global voice user interface market analysis, sectors such as BFSI and retail and e-commerce are predominantly using voice user interfaces to provide customers with personalised experiences. It also lowers the burden of manual support and offers quick responses.
In the retail and e-commerce sectors, VUIs are used to provide voice shopping and instant product search experiences. Furthermore, by analysing customer product searches and purchased items, VUI empowers businesses to gain insights into consumer demand and behaviour.
Market Share by Region
North America represents a significant portion of the voice user interface market share due to the presence of global technology players such as Apple, Inc., Amazon.com, Inc., and others. Increasing investments by tech start-ups and organisations such as the Technology Modernization Fund (TMF) positively influence the market demand in the region.
The rapid adoption of smart speakers and smart appliances in this region further supports the market growth. Meanwhile, Europe is witnessing a healthy growth due to the booming fashion and e-commerce sectors and the rapid incorporation of voice technology in businesses.
Competitive Landscape
Microsoft Corporation is a technology company founded in 1975 that is engaged in developing a range of software products, services, devices, and solutions. The company's product range includes operating systems, server applications, software development tools, cross-device productivity applications, business solution applications, and cloud computing services such as Azure AI services, Azure Synapse Analytics, and others.
Apple, Inc., founded in 1976, is a global leader in technology and technology-based services and is considered one of the Big Four technology companies in the world. It manufactures and sells computer software, internet services, and consumer products. Siri, its voice user interface, engages with screen components, transcribes, and modifies text, among other things.
Amazon. com, Inc., founded in 1994, is focused on digital streaming, cloud computing, e-commerce, online advertising, and artificial intelligence. Alexa is Amazon’s patented voice user interface that applies state-of-the-art developments in areas such as text-to-speech (TTS), natural language understanding (NLU), and automatic voice recognition (ASR).
Other voice user interface market players are Alphabet Inc. (Google), Samsung Electronics Co., Ltd., Meta Platforms Inc., SoundHound AI Inc., Voix Inc. and CastleOS Software, LLC, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Offering |
|
| Breakup by Application |
|
| Breakup by Industry Vertical |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Voice User Interface Market Analysis
8.1 Key Industry Highlights
8.2 Global Voice User Interface Historical Market (2018-2023)
8.3 Global Voice User Interface Market Forecast (2024-2032)
8.4 Global Voice User Interface Market by Offering
8.4.1 Solution
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Services
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Voice User Interface Market by Application
8.5.1 Smart Speakers
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Voice-Controlled Devices
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Interactive Voice Response
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Smartphones and Tablets
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Voice User Interface Market by Industry Vertical
8.6.1 BFSI
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Consumer Electronics
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Retail and E-Commerce
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Automotive and Transportation
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Healthcare and Life Science
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Government and Defence
8.6.6.1 Historical Trend (2018-2023)
8.6.6.2 Forecast Trend (2024-2032)
8.6.7 Travel and Hospitality
8.6.7.1 Historical Trend (2018-2023)
8.6.7.2 Forecast Trend (2024-2032)
8.6.8 Others
8.7 Global Voice User Interface Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Voice User Interface Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Voice User Interface Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Voice User Interface Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Voice User Interface Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Voice User Interface Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Apple, Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Amazon.com, Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Alphabet Inc. (Google)
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Microsoft Corporation
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Samsung Electronics Co., Ltd.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Meta Platforms Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 SoundHound AI Inc.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Voix Inc.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 CastleOS Software, LLC
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Voice User Interface Market: Key Industry Highlights, 2018 and 2032
2. Global Voice User Interface Historical Market: Breakup by Offering (USD Billion), 2018-2023
3. Global Voice User Interface Market Forecast: Breakup by Offering (USD Billion), 2024-2032
4. Global Voice User Interface Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Voice User Interface Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Voice User Interface Historical Market: Breakup by Industry Vertical (USD Billion), 2018-2023
7. Global Voice User Interface Market Forecast: Breakup by Industry Vertical (USD Billion), 2024-2032
8. Global Voice User Interface Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Voice User Interface Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Voice User Interface Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Voice User Interface Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Voice User Interface Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Voice User Interface Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Voice User Interface Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Voice User Interface Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Voice User Interface Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Voice User Interface Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Voice User Interface Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Voice User Interface Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Voice User Interface Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 23.97 billion.
The market is projected to grow at a CAGR of 21.1% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 134.28 billion by 2032.
The market is being driven by the rising smartphone penetration, advancements in AI and machine learning, and the growing adoption of the Internet of things (IoT).
The key trends of the market include advancements in speech recognition technology and multilingual chat support and consumer behaviour analysis associated with voice user interface.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major offerings of voice user interface include solution and services.
The major players in the market are Apple, Inc., Amazon.com, Inc., Alphabet Inc. (Google), Microsoft Corporation, Samsung Electronics Co., Ltd., Meta Platforms Inc., SoundHound AI Inc., Voix Inc., and CastleOS Software, LLC, among others.
Purchase Options 10% off
Call us
Purchase Full Report
Mini Report
$ 2199
$1999
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Single User License
$ 3299
$2999
-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Five User License
$ 4399
$3999
-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$ 5499
$4999
-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Why Expert Market Research?
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
NEWSLETTER