The ability of voice assistant applications to automate repetitive tasks is a significant feature. While voice assistant applications handle regular activities, humans can perform other tasks that are more important. As a result, introducing voice assistants enhances not just the customer experience but also the efficiency of an organization or business. As a result, these factors will help the voice assistant application market grow. The integration of voice assistants with online platforms is getting a lot of traction. Voice assistant applications are useful for keeping track of orders, giving product recommendations, and offering feedback on products, among other things. As a result, these considerations point to a healthy future for the voice assistant application market.
The streamlining of operations that come with integrating digital assistants is one of the most prominent advantages of voice assistant applications. Booking or scheduling appointments, remembering crucial dates and deadlines, and so on are all important factors that will ensure the voice assistant application market's successful growth. The widespread use of voice assistant applications in industries such as telecommunications and information technology, banking, insurance, financial services, media and entertainment, education, travel, hospitality, manufacturing, automotive, and others will open up significant growth opportunities.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Component, Solutions, Channel Integration, and Region |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Microsoft, Verint Systems, Amazon, Apple, Creative Virtual, Samsung, Slang Lavs, SAP, Zaion, Cisco. |
Covid-19 Impact on Voice Assistant Application Market
Like many other industries, COVID-19 badly knocked the electronic and semiconductor industries. This unprecedented event has impacted nearly 230 countries in just a few weeks, resulting in the forced shutdown of manufacturing and transportation activities within and across the countries. This has directly affected the overall sector's growth. It is estimated that COVID-19 to leave more than USD 30 billion impacts on the electronics and semiconductor industry. The sector is majorly affected due to transport restrictions on major electronics and semiconductor raw material providers. However, the emerging need for semiconductors in several industries will offer rapid market recovery over the future period.
Voice Assistant Application Market Segment Overview
According to Channel Integration, Mobile Applications is one of the largest segments in the global Voice Assistant Application market. During the projected period, the voice assistant application market will see significant growth due to the increased use of smartphones and the growing desire for sophisticated assistive technologies. Furthermore, the development in activities such as data collecting via mobile devices, unified communications, and wireless networks has a significant impact on the growth trajectory. A voice assistant is a digital assistant that assists users through phone applications by using voice recognition, speech synthesis, natural language processing, and other technologies.
Voice Assistant Application Market, By Component
- Services
- Consulting
- Support And Maintenance
- Implementation
- Solutions
- Integrated
- Standalone
· Contact Centers
· Social Media
· Smart Speakers
· Websites
· Mobile Applications
Voice Assistant Application Market Regional Overview
Region-Wise, North America commanded a major share of the market and is predictable to maintain its supremacy over the forecast period. Voice assistant applications' increasing use in many companies and organizations will be a key growth factor. Due to ongoing improvements and the increasing popularity of these applications in the country, the United States may emerge as a significant growth-generating country for the voice assistant application market in North America.
Voice Assistant Application Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Voice Assistant Application Market, Key Players
· Microsoft
· Verint Systems
· Amazon
· Apple
· Creative Virtual
· Samsung
· Slang Lavs
· SAP
· Zaion
· Cisco
Frequently Asked Questions (FAQ) :
Q1. What are the driving factors for the Voice Assistant Application market?
Q2. Which Segments are covered in the Voice Assistant Application Market report?
Q3. Which segment is projected to hold the largest share in the Voice Assistant Application Market?
Q4. Which region is holds largest share in the Voice Assistant Application market?
Q5. Which are the prominent players in the Voice Assistant Application Market?
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Voice Assistant Application Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Component
- 5.2.1. Services
- 5.2.1.1. Consulting
- 5.2.1.2. Support And Maintenance
- 5.2.1.3. Implementation
- 5.2.2. Solutions
- 5.2.2.1. Integrated
- 5.2.2.2. Standalone
- 5.2.1. Services
- 5.3.1. Contact Centers
- 5.3.2. Social Media
- 5.3.3. Smart Speakers
- 5.3.4. Websites
- 5.3.5. Mobile Applications
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East and Africa
6. North America Voice Assistant Application Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Component
- 6.2.1. Services
- 6.2.1.1. Consulting
- 6.2.1.2. Support And Maintenance
- 6.2.1.3. Implementation
- 6.2.2. Solutions
- 6.2.2.1. Integrated
- 6.2.2.2. Standalone
- 6.2.1. Services
- 6.3.1. Contact Centers
- 6.3.2. Social Media
- 6.3.3. Smart Speakers
- 6.3.4. Websites
- 6.3.5. Mobile Applications
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Voice Assistant Application Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Component
- 7.2.1. Services
- 7.2.1.1. Consulting
- 7.2.1.2. Support And Maintenance
- 7.2.1.3. Implementation
- 7.2.2. Solutions
- 7.2.2.1. Integrated
- 7.2.2.2. Standalone
- 7.2.1. Services
- 7.3.1. Contact Centers
- 7.3.2. Social Media
- 7.3.3. Smart Speakers
- 7.3.4. Websites
- 7.3.5. Mobile Applications
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Voice Assistant Application Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Component
- 8.2.1. Services
- 8.2.1.1. Consulting
- 8.2.1.2. Support And Maintenance
- 8.2.1.3. Implementation
- 8.2.2. Solutions
- 8.2.2.1. Integrated
- 8.2.2.2. Standalone
- 8.2.1. Services
- 8.3.1. Contact Centers
- 8.3.2. Social Media
- 8.3.3. Smart Speakers
- 8.3.4. Websites
- 8.3.5. Mobile Applications
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Voice Assistant Application Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Component
- 9.2.1. Services
- 9.2.1.1. Consulting
- 9.2.1.2. Support And Maintenance
- 9.2.1.3. Implementation
- 9.2.2. Solutions
- 9.2.2.1. Integrated
- 9.2.2.2. Standalone
- 9.2.1. Services
- 9.3.1. Contact Centers
- 9.3.2. Social Media
- 9.3.3. Smart Speakers
- 9.3.4. Websites
- 9.3.5. Mobile Applications
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Microsoft
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Verint Systems
- 10.6. Amazon
- 10.7. Apple
- 10.8. Creative Virtual
- 10.9. Samsung
- 10.10. Slang Lavs
- 10.11. SAP
- 10.12. Zaion
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
