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Global Voice Assistant Application Market Size study, by Component (Solutions, Services), by Deployment Mode (On-premises, Cloud), by Organization Size (Small and Medium-sized Enterprises, Large Enterprises), by Channel Integration (Websites, Mobile Applications, Contact Centers, Smart Speakers, Social Media), by Application Area (Smart Retail and eCommerce, Smart Banking, Connected Healthcare, Smart Transportation, Smart Manufacturing, Smart Learning, Others), and Regional Forecasts 2021-2027

  • BIZ4670730
  • 200 Pages
  • November 2021
  • ICT & Media
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Global voice assistant application market is valued approximately at USD 2.1 billion in 2020 and is anticipated to grow with a healthy growth rate of about 32.4% over the forecast period 2021-2027. Voice assistant applications are designed to give conversational interactions to the user by offering voice searching, voice commands, and voice-activated device control. The global voice assistant application market is being driven by advancements in voice-based AI technologies and emergence of low-code platforms for voice-assistant applications. Furthermore, increase in online purchasing will provide new opportunities for the global voice assistant application industry. Voice assistant applications push companies and products to interact with customers in a more conversational way while doing online purchase. According to the Statista, the total retail e-commerce sales across the globe is expected to increase from USD 4.28 trillion in 2020 to about USD 5.4 trillion by 2022. Such growth in the online purchasing is further expected to increase the demand and adoption of voice assistant application to enhance user experience which and hence this is likely to boost the market growth during the forecast period. However, dearth of complete accuracy in user’s voice authentication may impede market growth over the forecast period of 2021-2027.

The regional analysis of the global voice assistant application market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America accounts for the largest share in terms of market revenue in the global voice assistant application market over the forecast period 2021-2027. Factors such as fast adoption of the latest technologies such as cloud computing, mobile devices, and IoT within enterprises, technological advancements and innovations, presence of majority of the key market players across North America, etc. contribute towards the largest market share of the region in the forecast years.

Major market player included in this report are:

[24]7.ai

Aivo

AWS

Apple

Avaamo

Avaya

Baidu

Cisco

Clinc

Creative Virtual

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component:

Solutions

Services

By Deployment Mode:

On-premises

Cloud

By Organization Size:

Small and Medium-sized Enterprises (SMEs)

Large Enterprises

By Channel Integration:

Websites

Mobile Applications

Contact Centers

Smart Speakers

Social Media

By Application Area:

Smart Retail and eCommerce

Smart Banking

Connected Healthcare

Smart Transportation

Smart Manufacturing

Smart Learning

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019

Base year – 2020

Forecast period – 2021 to 2027.

Target Audience of the Global Voice Assistant Application Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Chapter 1. Executive Summary

1.1. Market Snapshot

1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)

1.2.1. Voice Assistant Application Market, by Region, 2019-2027 (USD Billion)

1.2.2. Voice Assistant Application Market, by Component, 2019-2027 (USD Billion)

1.2.3. Voice Assistant Application Market, by Deployment Mode, 2019-2027 (USD Billion)

1.2.4. Voice Assistant Application Market, by Organization Size, 2019-2027 (USD Billion)

1.2.5. Voice Assistant Application Market, by Channel Integration, 2019-2027 (USD Billion)

1.2.6. Voice Assistant Application Market, by Application Area, 2019-2027 (USD Billion)

1.3. Key Trends

1.4. Estimation Methodology

1.5. Research Assumption

Chapter 2. Global Voice Assistant Application Market Definition and Scope

2.1. Objective of the Study

2.2. Market Definition & Scope

2.2.1. Scope of the Study

2.2.2. Industry Evolution

2.3. Years Considered for the Study

2.4. Currency Conversion Rates

Chapter 3. Global Voice Assistant Application Market Dynamics

3.1. Voice Assistant Application Market Impact Analysis (2019-2027)

3.1.1. Market Drivers

3.1.1.1. Advancements in voice-based AI technologies

3.1.1.2. Emergence of low-code platforms for voice-assistant applications

3.1.2. Market Restraint

3.1.2.1. Dearth of complete accuracy in user’s voice authentication

3.1.3. Market Opportunities

3.1.3.1. Increase in online purchasing

Chapter 4. Global Voice Assistant Application Market Industry Analysis

4.1. Porter’s 5 Force Model

4.1.1. Bargaining Power of Suppliers

4.1.2. Bargaining Power of Buyers

4.1.3. Threat of New Entrants

4.1.4. Threat of Substitutes

4.1.5. Competitive Rivalry

4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)

4.2. PEST Analysis

4.2.1. Political

4.2.2. Economical

4.2.3. Social

4.2.4. Technological

4.3. Investment Adoption Model

4.4. Analyst Recommendation & Conclusion

Chapter 5. Global Voice Assistant Application Market, by Component

a. Market Snapshot

5.1. Global Voice Assistant Application Market by Component, Performance - Potential Analysis

5.2. Global Voice Assistant Application Market Estimates & Forecasts by Component 2018-2027 (USD Billion)

5.3. Voice Assistant Application Market, Sub Segment Analysis

5.3.1. Solutions

5.3.2. Services

Chapter 6. Global Voice Assistant Application Market, by Deployment Mode

b. Market Snapshot

6.1. Global Voice Assistant Application Market by Deployment Mode, Performance - Potential Analysis

6.2. Global Voice Assistant Application Market Estimates & Forecasts by Deployment Mode 2018-2027 (USD Billion)

6.3. Voice Assistant Application Market, Sub Segment Analysis

6.3.1. On-premises

6.3.2. Cloud

Chapter 7. Global Voice Assistant Application Market, by Organization Size

c. Market Snapshot

7.1. Global Voice Assistant Application Market by Organization Size, Performance - Potential Analysis

7.2. Global Voice Assistant Application Market Estimates & Forecasts by Organization Size 2018-2027 (USD Billion)

7.3. Voice Assistant Application Market, Sub Segment Analysis

7.3.1. Small and Medium-sized Enterprises (SMEs)

7.3.2. Large Enterprises

Chapter 8. Global Voice Assistant Application Market, by Channel Integration

d. Market Snapshot

8.1. Global Voice Assistant Application Market by Channel Integration, Performance - Potential Analysis

8.2. Global Voice Assistant Application Market Estimates & Forecasts by Channel Integration 2018-2027 (USD Billion)

8.3. Voice Assistant Application Market, Sub Segment Analysis

8.3.1. Websites

8.3.2. Mobile Applications

8.3.3. Contact Centers

8.3.4. Smart Speakers

8.3.5. Social Media

Chapter 9. Global Voice Assistant Application Market, by Application Area

e. Market Snapshot

9.1. Global Voice Assistant Application Market by Application Area, Performance - Potential Analysis

9.2. Global Voice Assistant Application Market Estimates & Forecasts by Application Area 2018-2027 (USD Billion)

9.3. Voice Assistant Application Market, Sub Segment Analysis

9.3.1. Smart Retail and eCommerce

9.3.2. Smart Banking

9.3.3. Connected Healthcare

9.3.4. Smart Transportation

9.3.5. Smart Manufacturing

9.3.6. Smart Learning

9.3.7. Others

Chapter 10. Global Voice Assistant Application Market, Regional Analysis

10.1. Voice Assistant Application Market, Regional Market Snapshot

10.2. North America Voice Assistant Application Market

10.2.1. U.S. Voice Assistant Application Market

10.2.1.1. Component breakdown estimates & forecasts, 2018-2027

10.2.1.2. Deployment Mode breakdown estimates & forecasts, 2018-2027

10.2.1.3. Organization Size breakdown estimates & forecasts, 2018-2027

10.2.1.4. Channel Integration breakdown estimates & forecasts, 2018-2027

10.2.1.5. Application Area breakdown estimates & forecasts, 2018-2027

10.2.2. Canada Voice Assistant Application Market

10.3. Europe Voice Assistant Application Market Snapshot

10.3.1. U.K. Voice Assistant Application Market

10.3.2. Germany Voice Assistant Application Market

10.3.3. France Voice Assistant Application Market

10.3.4. Spain Voice Assistant Application Market

10.3.5. Italy Voice Assistant Application Market

10.3.6. Rest of Europe Voice Assistant Application Market

10.4. Asia-Pacific Voice Assistant Application Market Snapshot

10.4.1. China Voice Assistant Application Market

10.4.2. India Voice Assistant Application Market

10.4.3. Japan Voice Assistant Application Market

10.4.4. Australia Voice Assistant Application Market

10.4.5. South Korea Voice Assistant Application Market

10.4.6. Rest of Asia Pacific Voice Assistant Application Market

10.5. Latin America Voice Assistant Application Market Snapshot

10.5.1. Brazil Voice Assistant Application Market

10.5.2. Mexico Voice Assistant Application Market

10.6. Rest of The World Voice Assistant Application Market

Chapter 11. Competitive Intelligence

11.1. Top Market Strategies

11.2. Company Profiles

11.2.1. [24]7.ai

11.2.1.1. Key Information

11.2.1.2. Overview

11.2.1.3. Financial (Subject to Data Availability)

11.2.1.4. Product Summary

11.2.1.5. Recent Developments

11.2.2. Aivo

11.2.3. AWS

11.2.4. Apple

11.2.5. Avaamo

11.2.6. Avaya

11.2.7. Baidu

11.2.8. Cisco

11.2.9. Clinc

11.2.10. Creative Virtual

Chapter 12. Research Process

12.1. Research Process

12.1.1. Data Mining

12.1.2. Analysis

12.1.3. Market Estimation

12.1.4. Validation

12.1.5. Publishing

12.2. Research Attributes

12.3. Research Assumption

List of Tables

TABLE 2. Global Voice Assistant Application Market, report scope

TABLE 3. Global Voice Assistant Application Market estimates & forecasts by region 2018-2027 (USD Billion)

TABLE 4. Global Voice Assistant Application Market estimates & forecasts by Component 2018-2027 (USD Billion)

TABLE 5. Global Voice Assistant Application Market estimates & forecasts by Deployment Mode 2018-2027 (USD Billion)

TABLE 6. Global Voice Assistant Application Market estimates & forecasts by Organization Size 2018-2027 (USD Billion)

TABLE 7. Global Voice Assistant Application Market estimates & forecasts by Channel Integration 2018-2027 (USD Billion)

TABLE 8. Global Voice Assistant Application Market estimates & forecasts by Application Area 2018-2027 (USD Billion)

TABLE 9. Global Voice Assistant Application Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 10. Global Voice Assistant Application Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 11. Global Voice Assistant Application Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 12. Global Voice Assistant Application Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 13. Global Voice Assistant Application Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 14. Global Voice Assistant Application Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 15. Global Voice Assistant Application Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 16. Global Voice Assistant Application Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 17. Global Voice Assistant Application Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 18. Global Voice Assistant Application Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 19. Global Voice Assistant Application Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 20. Global Voice Assistant Application Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 21. Global Voice Assistant Application Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 22. Global Voice Assistant Application Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 23. Global Voice Assistant Application Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 24. Global Voice Assistant Application Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 25. U.S. Voice Assistant Application Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 26. U.S. Voice Assistant Application Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 27. U.S. Voice Assistant Application Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 28. Canada Voice Assistant Application Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 29. Canada Voice Assistant Application Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 30. Canada Voice Assistant Application Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 31. UK Voice Assistant Application Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 32. UK Voice Assistant Application Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 33. UK Voice Assistant Application Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 34. Germany Voice Assistant Application Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 35. Germany Voice Assistant Application Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 36. Germany Voice Assistant Application Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 37. France Voice Assistant Application Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 38. France Voice Assistant Application Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 39. France Voice Assistant Application Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 40. Spain Voice Assistant Application Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 41. Spain Voice Assistant Application Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 42. Spain Voice Assistant Application Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 43. Italy Voice Assistant Application Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 44. Italy Voice Assistant Application Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 45. Italy Voice Assistant Application Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 46. ROE Voice Assistant Application Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 47. ROE Voice Assistant Application Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 48. ROE Voice Assistant Application Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 49. China Voice Assistant Application Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 50. China Voice Assistant Application Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 51. China Voice Assistant Application Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 52. India Voice Assistant Application Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 53. India Voice Assistant Application Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 54. India Voice Assistant Application Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 55. Japan Voice Assistant Application Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 56. Japan Voice Assistant Application Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 57. Japan Voice Assistant Application Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 58. Australia Voice Assistant Application Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 59. Australia Voice Assistant Application Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 60. Australia Voice Assistant Application Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 61. South Korea Voice Assistant Application Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 62. South Korea Voice Assistant Application Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 63. South Korea Voice Assistant Application Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 64. ROPAC Voice Assistant Application Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 65. ROPAC Voice Assistant Application Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 66. ROPAC Voice Assistant Application Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 67. Brazil Voice Assistant Application Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 68. Brazil Voice Assistant Application Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 69. Brazil Voice Assistant Application Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 70. Mexico Voice Assistant Application Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 71. Mexico Voice Assistant Application Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 72. Mexico Voice Assistant Application Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 73. ROLA Voice Assistant Application Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 74. ROLA Voice Assistant Application Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 75. ROLA Voice Assistant Application Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 76. ROW Voice Assistant Application Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 77. ROW Voice Assistant Application Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 78. ROW Voice Assistant Application Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 79. List of secondary sources used in the study of global Voice Assistant Application Market.

TABLE 80. List of primary sources used in the study of global Voice Assistant Application Market.

TABLE 81. Years considered for the study.

TABLE 82. Exchange rates considered.

 
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