Global Voice Assistant Landscape Market - Segmented by Application, End-user Industry, and Region - Growth, Trends, and Forecast (2018 - 2023)

  • ID: 4534378
  • Report
  • Region: Global
  • 76 pages
  • Mordor Intelligence
1 of 4

FEATURED COMPANIES

  • Apple
  • Google Inc.
  • Microsoft Corporation
  • Motorola Corporation
  • Sony Corporation
  • MORE

The scope includes application in different end-user industries, such as IT & telecom, automotive, healthcare, and various others. The regions considered under the scope of the report include North America, Europe, Asia-Pacific, Latin America, and Middle-East & Africa. Growing popularity of voice assistants are mainly due to changing lifestyle and preferences of people, convenience in terms of providing better content and acting as a curator for various activities, along with providing an emotional touch to the consumers.

Growing Adoption of Smart Homes

The use of voice assistance is seen in smart home appliances as it can communicate and has emerged as an effective solution to save energy, thus, minimizing energy costs. Revenue from smart homes adoption is expected to grow at a rate of 25% during the forecast period. Major factors, such as rising purchasing power and changing lifestyles of people are driving the demand for smart home appliances worldwide. Alexa is Amazon’s voice service adopted by consumers to control smart home devices, such as cameras, door locks, entertainment systems, lighting, and thermostats.

BFSI - The Highest Growing Segment

The increase in consumer usage of voice-based assistants in banking system is mainly due to highly personalized uses to make consumers easy, apart from saving time. Moreover, it makes banking more comprehensive especially for the visually impaired, giving them more freedom in day-to-day banking. U.S. banks became the first to allow customers to use Amazon echo to check their balance, obtain the transaction history, and make credit-card payments thus, making them more customer-centric.

Regional Analysis

North-America accounted for the largest market share especially from US mainly due to increase in adoption of these smart temperature management solutions by various domains and low operational cost. However, Asia-Pacific is expected to grow moderately during the forecast period owing to presence of large number of electronic manufacturers, increasing government initiatives and the growing adoption of these solutions by various sectors.

Key Developments in Market

January 2018 : Google joined with Sony and Lenovo for smart speakers with voice-controlled assistance in order to challenge Amazon’s dominance in emerging market
October 2017 : Motorola integrated with Amazon Alexa for providing better voice-controlled convenient functionalities

Major Players : APPLE, GOOGLE, MICROSOFT CORPORATION, MOTOROLA CORPORATION, amongst others.

Reasons to Purchase this Report

  • To understand the impact of voice assistant landscape market
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • To understand the dominating technology in the market
  • The Region that is expected to witness the fastest growth during the forecast period
  • Identifying the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in excel)

Customization of the Report

  • The report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs
READ MORE
Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • Apple
  • Google Inc.
  • Microsoft Corporation
  • Motorola Corporation
  • Sony Corporation
  • MORE
1. Introduction

1.1 Key Deliverables of the Study

1.2 Study Assumptions

1.3 Market Definition

1.4 Key Findings of the Study

2. Research Approach and Methodology

3. Executive Summary

4. Market Dynamics

4.1 Market Overview

4.2 Factors Driving the Market

4.2.1 Increased Instance of Voice Searches

4.2.2 Growing Adoption of Smart Homes

4.2.3 Growing Penetration of Broadband and Internet Connections

4.3 Factors Restraining the Market

4.3.1 Security

4.4 Industry Attractiveness - Porter's Five Forces Analysis

4.4.1 Bargaining Power of Suppliers

4.4.2 Bargaining Power of Consumers

4.4.3 Threat of New Entrants

4.4.4 Threat of Substitute Products or Services

4.4.5 Competitive Rivalry among Existing Competitors

5. Global Voice Assistant Landscape Market Segmentation

5.1 By Application

5.1.1 Messenger Bots

5.1.2 Websites

5.1.3 Contact Center

5.2 By End-user

5.2.1 IT and Telecom

5.2.2 BFSI

5.2.3 Automotive

5.2.4 Healthcare

5.2.5 Education

5.2.6 Others

5.3 By Region

5.3.1 North America

5.3.1.1 US

5.3.1.2 Canada

5.3.1.3 Mexico

5.3.2 Europe

5.3.2.1 UK

5.3.2.2 France

5.3.2.3 Germany

5.3.2.4 Rest of Europe

5.3.3 Asia-Pacific

5.3.3.1 China

5.3.3.2 India

5.3.3.3 Japan

5.3.3.4 Australia

5.3.3.5 Rest of Asia-Pacific

5.3.4 Latin America

5.3.4.1 Brazil

5.3.4.2 Rest of Latin America

5.3.5 Middle East & Africa

5.3.5.1 South Africa

5.3.5.2 Saudi Arabia

5.3.5.3 Rest of Middle East & Africa

6. Competitive Intelligence - Company Profiles

6.1 Apple

6.2 Microsoft Corporation

6.3 Google Inc.

6.4 Sony Corporation

6.5 Motorola Corporation

7. Investment Analysis

8. Future Outlook of Voice Assistant Landscape Market

9. Disclaimer
Note: Product cover images may vary from those shown
3 of 4

Loading
LOADING...

4 of 4
  • Apple
  • Google Inc.
  • Microsoft Corporation
  • Sony Corporation
  • Motorola Corporation
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
Adroll
adroll