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Voice Assistant Application Global Market Report 2022, By Component, Deployment mode, Applications, End-use

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    Report

  • 175 Pages
  • February 2022
  • Region: Global
  • The Business Research Company
  • ID: 5548341
Voice Assistant Application Global Market Report 2022 provides the strategists, marketers and senior management with the critical information they need to assess the global voice assistant application market.



This report focuses on voice assistant application market which is experiencing strong growth.

The report gives a guide to the voice assistant application market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:

Where is the largest and fastest growing market for the voice assistant application? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Voice Assistant Application market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market.
  • It traces the market’s historic and forecast market growth by geography.
  • It places the market within the context of the wider voice assistant application market, and compares it with other markets.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
  • It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies.
  • Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The voice assistant application market section of the report gives context.
  • It compares the voice assistant application market with other segments of the voice assistant application market by size and growth, historic and forecast.
  • It analyses GDP proportion, expenditure per capita, voice assistant application indicators comparison.

Scope


Markets Covered:
1) By Component: Solutions; Services
2) By Deployment mode: On-Premises; Cloud
3) By Applications: Web Applications; Mobile Applications
4) By End-use: Banking, Financial Services, And Insurance; Healthcare; Retail And E-Commerce; Media And Entertainment; Telecom And IT; Manufacturing And Automotive; Education; Travel And Hospitality; Others

Companies Mentioned: Amazon Web Services; Apple; Baidu Inc.; Google LLC; IBM Corporation

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Frequently Asked Questions about the Global Voice Assistant Application Market

What is the estimated value of the Global Voice Assistant Application Market?

The Global Voice Assistant Application Market was estimated to be valued at $3.42 billion in 2022.

What is the growth rate of the Global Voice Assistant Application Market?

The growth rate of the Global Voice Assistant Application Market is 31.2%, with an estimated value of $10.12 billion by 2026.

What is the forecasted size of the Global Voice Assistant Application Market?

The Global Voice Assistant Application Market is estimated to be worth $10.12 billion by 2026.

Who are the key companies in the Global Voice Assistant Application Market?

Key companies in the Global Voice Assistant Application Market include Amazon Web Services, Apple, Baidu Inc., Google LLC, IBM Corporation, Microsoft Corporation, Oracle Corporation, Samsung and Orange S.A..

Table of Contents

1. Executive Summary2. Voice Assistant Application Market Characteristics3. Voice Assistant Application Market Trends And Strategies4. Impact Of COVID-19 On Voice Assistant Application
5. Voice Assistant Application Market Size And Growth
5.1. Global Voice Assistant Application Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Voice Assistant Application Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Voice Assistant Application Market Segmentation
6.1. Global Voice Assistant Application Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Solutions
  • Services
6.2. Global Voice Assistant Application Market, Segmentation By Deployment mode, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • On-Premises
  • Cloud
6.3. Global Voice Assistant Application Market, Segmentation By Applications, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Web Applications
  • Mobile Applications
6.4. Global Voice Assistant Application Market, Segmentation By End-use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Banking, Financial Services, And Insurance
  • Healthcare
  • Retail And E-Commerce
  • Media And Entertainment
  • Telecom And IT
  • Manufacturing And Automotive
  • Education
  • Travel And Hospitality
  • Others

7. Voice Assistant Application Market Regional And Country Analysis
7.1. Global Voice Assistant Application Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Voice Assistant Application Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8. Asia-Pacific Voice Assistant Application Market
8.1. Asia-Pacific Voice Assistant Application Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Voice Assistant Application Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8.3. Asia-Pacific Voice Assistant Application Market, Segmentation By End-use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
9. China Voice Assistant Application Market
9.1. China Voice Assistant Application Market Overview
9.2. China Voice Assistant Application Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
9.3. China Voice Assistant Application Market, Segmentation By End-use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India Voice Assistant Application Market
10.1. India Voice Assistant Application Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
10.2. India Voice Assistant Application Market, Segmentation By End-use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan Voice Assistant Application Market
11.1. Japan Voice Assistant Application Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11.2. Japan Voice Assistant Application Market, Segmentation By End-use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia Voice Assistant Application Market
12.1. Australia Voice Assistant Application Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12.2. Australia Voice Assistant Application Market, Segmentation By End-use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia Voice Assistant Application Market
13.1. Indonesia Voice Assistant Application Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13.2. Indonesia Voice Assistant Application Market, Segmentation By End-use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea Voice Assistant Application Market
14.1. South Korea Voice Assistant Application Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14.2. South Korea Voice Assistant Application Market, Segmentation By End-use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15. Western Europe Voice Assistant Application Market
15.1. Western Europe Voice Assistant Application Market Overview
15.2. Western Europe Voice Assistant Application Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15.3. Western Europe Voice Assistant Application Market, Segmentation By End-use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK Voice Assistant Application Market
16.1. UK Voice Assistant Application Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16.2. UK Voice Assistant Application Market, Segmentation By End-use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany Voice Assistant Application Market
17.1. Germany Voice Assistant Application Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17.2. Germany Voice Assistant Application Market, Segmentation By End-use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France Voice Assistant Application Market
18.4. France Voice Assistant Application Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18.5. France Voice Assistant Application Market, Segmentation By End-use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19. Eastern Europe Voice Assistant Application Market
19.1. Eastern Europe Voice Assistant Application Market Overview
19.2. Eastern Europe Voice Assistant Application Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19.3. Eastern Europe Voice Assistant Application Market, Segmentation By End-use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia Voice Assistant Application Market
20.1. Russia Voice Assistant Application Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20.2. Russia Voice Assistant Application Market, Segmentation By End-use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21. North America Voice Assistant Application Market
21.1. North America Voice Assistant Application Market Overview
21.2. North America Voice Assistant Application Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21.3. North America Voice Assistant Application Market, Segmentation By End-use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22. USA Voice Assistant Application Market
22.1. USA Voice Assistant Application Market Overview
22.2. USA Voice Assistant Application Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22.3. USA Voice Assistant Application Market, Segmentation By End-use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23. South America Voice Assistant Application Market
23.1. South America Voice Assistant Application Market Overview
23.2. South America Voice Assistant Application Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23.3. South America Voice Assistant Application Market, Segmentation By End-use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil Voice Assistant Application Market
24.1. Brazil Voice Assistant Application Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24.2. Brazil Voice Assistant Application Market, Segmentation By End-use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25. Middle East Voice Assistant Application Market
25.1. Middle East Voice Assistant Application Market Overview
25.2. Middle East Voice Assistant Application Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25.3. Middle East Voice Assistant Application Market, Segmentation By End-use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26. Africa Voice Assistant Application Market
26.1. Africa Voice Assistant Application Market Overview
26.2. Africa Voice Assistant Application Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26.3. Africa Voice Assistant Application Market, Segmentation By End-use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
27. Voice Assistant Application Market Competitive Landscape And Company Profiles
27.1. Voice Assistant Application Market Competitive Landscape
27.2. Voice Assistant Application Market Company Profiles
27.2.1. Amazon Web Services
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Apple
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Baidu Inc.
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Google LLC
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. IBM Corporation
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Voice Assistant Application Market29. Voice Assistant Application Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. About The Publisher
30.5. Copyright And Disclaimer

Executive Summary

Major players in the voice assistant application market are Amazon Web Services, Apple, Baidu Inc., Google LLC, IBM Corporation, Microsoft Corporation, Oracle Corporation, Samsung, Verbio, Orange S.A, Orbita, Avaamo Inc., Avaya, Inbenta and Slang Labs.

The global voice assistant application market is expected to grow from $2.58 billion in 2021 to $3.42 billion in 2022 at a compound annual growth rate (CAGR) of 32.4%. The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The market is expected to reach $10.12 billion in 2026 at a CAGR of 31.1%.

The voice assistant application market consists of sales of voice assistant application solutions and services by entities (organizations, sole traders, and partnerships) that use voice recognition, speech synthesis, and natural language processing to provide a service through a specific application. A Voice assistant is also called an intelligent personal assistant or connected speaker can conduct tasks or provide services for a person based on instructions or questions. It is a new type of product marketed by Apple, Amazon, and Google and is based on natural language speech recognition.

The main components of the voice assistant application are solutions and services. Incorporating voice assistants such as Alexa, Google Assistant, and Siri into digital solutions or goods is referred to as service, and it gives customers another way to communicate with the team. The different deployment modes include on-premises, cloud and are used in web applications, mobile applications. It is implemented in various sectors such as banking, financial services, and insurance (BFSI), healthcare, retail, and e-commerce, media and entertainment, telecom and IT, manufacturing and automotive, education, travel and hospitality, and others.

North America was the largest region in the voice assistant application market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The growing voice-enabled devices are contributing to the growth of the voice assistant application market. The voice-activated device recognizes spoken instructions and inquiries, and commonly employs text-to-speech to play a response. Over time, voice activation technology has aided in the provision of assistance, the management of customer experience, and the increase of productivity. Another layer of increased customer assistance and interactions has been added due to an app that includes Alexa, Siri, Google Assistant, and Cortana. For instance, according to Oberlo, a dropshipping app, in 2020, 111.8 million people in the USA using voice search features, up 9.5% from the previous year. By 2021, it is predicted to have grown by 9.7% to 122.7 million users.

The AI-based voice assistant is a key trend gaining popularity in the voice assistant application market. Major companies operating in the voice assistant application sector are focused on developing AI-based voice assistants to offer users an alternative way to interact with their various business apps. For instance, in September 2019, Oracle Corporation, a US-based computer software company launched an AI voice assistant for its business app suite. The virtual assistant interprets human intent using AI techniques including machine learning and natural language processing and understanding and is designed to automate tasks including expense approvals and meeting rescheduling.

In April 2021, Microsoft Corporation, a US-based technology company acquired Nuance Communications for $19.7 billion. The acquisition elevates Microsoft as a prominent participant in healthcare technology by reducing the distance among clinicians and Microsoft Cloud for Healthcare. Nuance Communications is a US-based company that provides AI-based voice assistants.

The countries covered in the voice assistant application market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Amazon Web Services
  • Apple
  • Baidu Inc.
  • Google LLC
  • IBM Corporation
  • Microsoft Corporation
  • Oracle Corporation
  • Samsung
  • Verbio
  • Orange S.A.
  • Orbita
  • Avaamo Inc.
  • Avaya
  • Inbenta
  • Slang Labs

Methodology

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