Quick Summary:
In the rapidly evolving world of technology, the global market for Voice Assistant Application is projected to significantly grow. Set to reach a robust value of $18.6 Billion by 2030, up from $2.7 Billion in 2022, it presents substantial opportunities for astute business leaders to seize. Our extensive market report provides an in-depth examination of this emergent field. It analyzes key segments, such as Solutions, which is expected to reach $10.4 Billion by the end of this period.
This report also scrutinizes global trends and opportunities. For instance, the U.S. Voice Assistant Application market is estimated at $740.1 Million in 2022, and China, the second largest economy in the world, is predicted to exhibit a strong growth rate with a projected market size of $5.6 Billion by 2030. It features 36 key competitors including influential players like Apple, Baidu, and Microsoft. With comprehensive coverage on global market shares, presence across multiple geographies, and bespoke updates, this report equips you with the necessary insights to navigate the Voice Assistant Application market successfully.
Global Voice Assistant Application Market to Reach $18.6 Billion by 2030
The global market for Voice Assistant Application estimated at US$2.7 Billion in the year 2022, is projected to reach a revised size of US$18.6 Billion by 2030, growing at a CAGR of 27.1% over the analysis period 2022-2030. Solutions, one of the segments analyzed in the report, is projected to record 26.5% CAGR and reach US$10.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Services segment is readjusted to a revised 28.1% CAGR for the next 8-year period.
The U.S. Market is Estimated at $740.1 Million, While China is Forecast to Grow at 36.8% CAGR
The Voice Assistant Application market in the U.S. is estimated at US$740.1 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$5.6 Billion by the year 2030 trailing a CAGR of 36.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 20.7% and 23.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 21.8% CAGR.Select Competitors (Total 36 Featured) -
- Apple
- AWS
- Baidu
- IBM
- Microsoft
- Nuance Communications
- Oracle
- Orbita
- Salesforce
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Voice Assistant Application?
What is the growth rate of the Global Market for Voice Assistant Application?
What is the forecasted size of the Global Market for Voice Assistant Application?
Who are the key companies in the Global Market for Voice Assistant Application?
| Report Attribute | Details |
|---|---|
| No. of Pages | 92 |
| Published | September 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 2.7 Billion |
| Forecasted Market Value ( USD | $ 18.6 Billion |
| Compound Annual Growth Rate | 27.3% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Apple
- AWS
- Baidu
- IBM
- Microsoft
- Nuance Communications
- Oracle
- Orbita
- Salesforce
