Smart Voice Assistant Market: Global Analysis, Opportunities and Forecast To 2025

The report "Voice Assistant Application Market by Component (Solutions and Services), Deployment Mode (Cloud and On-premises), Application (Web Application, Mobile Application, and Devices), Organization Size, Vertical, and Region - Global Forecast to 2024", The global voice assistant application market size is expected to grow from USD 1.3 billion in 2019 to USD 5.2 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 31.9% during the forecast period.

The adoption rate of voice assistant application solutions is expected to grow, due to the enhanced customer experience, businesses leveraging social media platforms as a prime marketing channel, advancement in Natural Language Processing (NLP) and Automatic Speech Recognition (ASR) ecosystems, and omnichannel deployment.To know about the assumptions considered for the study download the pdf brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=141810993This trend is expected to drive the voice assistant application market growth.

Various devices, as well as mobile and web applications, utilize voice applications every day.

Voice assistant is one of the key application areas across verticals, such as automotive, retail, healthcare, education, and telecommunication.In the voice assistant application market, the key and emerging market players include IBM (US), Google (US), AWS (US), Microsoft (US), Apple (US), Baidu (China), Nuance Communications (US), Salesforce (US), Verbio Technologies (Spain), Samsung (South Korea), Oracle (US), SAS (US), SAP (Germany), and Orbita (US).

These players have adopted various strategies to grow in the global voice assistant application market.AWS offers voice assistant services that include Alexa having automatic speech recognition, image recognition, text-to-speech conversion, and automatic speech recognition technologies.

These services help in building applications that can turn texts into lifelike speeches and have the conversations using voices and texts.

Voice Assistants powered by AI are the future, making voice assistant app development important for the businesses to provide services more efficiently, for better ROI using cutting edge technology.

Click here to learn more....

Today it helps you find something faster using your smartphone and voice assistant.

Besides that, many other sectors use AI and machine learning to improve their working processes and make them smarter.

Market HighlightsIn this rapidly changing world of technology, Voice assistant market is projected to show major growth prospects during the forecast period.

In addition to this, the region also has a well-established infrastructure which allows higher penetration of devices which ultimately provides high speed connectivity and is expected to be a major factor for the growth of voice assistant market.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/4003The voice assistant market is growing rapidly over 39% of CAGR and is expected to reach at approx.

USD 7.8 Billion by the end of forecast period.Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report.

Avail the in-depth table of content TOC & market synopsis on “Voice Assistant Market Research Report-Forecast to 2023”.Market SegmentationThe voice assistant market has been segmented on the basis of technology, application and end user.

Artificial intelligence improvements and other infrastructure oriented advancements are basically driving the growth of voice assistant market.The prominent players in the voice assistant market are – Amazon, Inc. (U.S.), Google, Inc. (U.S.), Apple, Inc. (U.S.), Microsoft Corporation (U.S.), Samsung Group (South Korea), Orange S.A. (France), Next IT Corporation (U.K.) , Creative Virtual Ltd. (U.S.), Nuance Communications (U.S.) and Nokia Networks (Finland) among others.Market Research Analysis:The global voice assistant market, by geography, has been segmented into North America, Europe, Asia Pacific and Rest of the World.

In the global voice assistant market, Asia Pacific is anticipated to witness relatively faster adoption and is expected to grow at the highest CAGR during the forecast period as compared to other regions.

Research Nester published a report titled “Smart Virtual Personal Assistants Market: Global Demand Analysis & Opportunity Outlook 2028” which delivers a detailed overview of the smart virtual personal assistant market in terms of market segmentation by application, by input type, and by region.Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis, and Porter’s five force model.Smart virtual personal assistants are the software that help in assisting the users with their routine work, just like a human assistant.

The interaction between human and machine has become much easier in the present era.

These assistants can help with daily work such as searching for information, sending e-mails, scheduling meetings, setting up calendars, and other such work, and at a faster pace in comparison with humans.Get Exclusive Sample Report Copy Of This Report @ https://www.researchnester.com/sample-request-722The market is expected to grow at a substantial CAGR during the forecast period, i.e.

The growth can be witnessed as a result of increase in the use of technology and emerging IoT (Internet of Things).

On the basis of input type, the market is segmented into voice, text and graphic.

The voice sub- segment is expected to hold the largest market share as it is more convenient to communicate with the software verbally.On the basis of region-wise analysis, the smart virtual personal assistant market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region.

The Web Real-Time Communication market size is expected to reach USD 16,570.5 million by 2026 according to a new study by Polaris Market Research.

The report “Web Real-Time Communication Market Share, Size, Trends, Industry Analysis Report, By Platform (Mobile Applications, Web Browser, Others); By Product (Solution [Video Conferencing, Voice Calling, Collaboration, Others], Services [Consulting, Implementation, Others]); By End-User (BFSI, Healthcare, Manufacturing, IT and Telecom, Retail, Transportation, Others); By Regions; Segment Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

There has been a massive increase in need for secure and affordable communication solutions by organizations owing to increased adoption of mobile devices, BYOD, IoT, and social media.

There has been an increasing integration of WebRTC solutions within dedicated desktop and mobile apps for provision of effective and secure voice, video, and data sharing support.

Adoption of WebRTC offers an improved voice and video experience while significantly reducing bandwidth and network resources.

It also offers improved support for mobile apps on smartphones and tablets.

The increase in voice-based mobile apps' demands has brought in a paradigm shift in mobile apps developed after 2011.

Apart from transforming mobile apps worldwide, voice-based apps have also changed how many smartphone users perform online searches daily.One of the most significant reasons behind the steep increase in voice commands-based mobile apps is that it is useful to every kind of audience, irrespective of their age.

Also, it has given business organizations a way to render more personalized services to their targeted audience.

The exact future of Voice Assistants is unpredictable. However, the current situation is witnessed, it is gaining considerable tractions, and not slowing anytime near. Indeed, it is necessary to hire Digital Marketing Services for Businesses that start understanding the power of Voice Assistant and, will start revising SEO services with Results.

Other than that, you can also complete actions like calling and setting alarms.

It means that it automatically interprets the full information in case of the half information input and completes the required actions.

Bixby works like other AI solutions like Alexa or Google Assistant.

Bixby VoiceTo access Bixby Voice, install the software and go through Samsung’s Bixby Voice Tutorial to understand it better.

You can activate Bixby Voice by saying, “Hey, Bixby.” Alternatively, you can hold down the Bixby button while giving commands.

With Bixby Voice, you can perform various tasks like sending a text message, basic queries on weather, upcoming meetings, movies, etc.

Despite the fact that voice technology has been accessible and usable for several years now within our smartphone devices, consumers never really caught on to how useful these digital assistants could be until Amazon introduced Alexa through their Echo lineup.

According to Deloitte Global, the smart speaker industry and use of digital assistants will be worth close to seven billion US dollars and will have approximately 164 million units sold this year.

Even though smart speaker sales have been largely confined to English-speaking markets, with about 95% of the sales being in the United States and the United Kingdom alone, digital voice assistants are primed to enter other non-English markets this year.

According to Deloitte Global, sales should take off in countries that speak Japanese, Spanish, French, Italian, and Chinese (Cantonese & Mandarin), as smart speakers are starting to penetrate urban consumer markets in Germany, Urban China, Australia, and the United Kingdom alongside continuous sales in Canada and the United States.

This is mainly because smart speaker technology is finally becoming more sophisticated with regards to speech recognition and build quality and the market is seeing more demands for their use in commercial enterprises like hotel chains and fast-food restaurants.

Digital voice assistants have come a long way in speech recognition accuracy and as such, we are seeing machine learning narrow down the accent gap, no longer getting befuddled when presented with a strong national accent and Google’s word error rate for English speech recognition is down almost 50% since 2016.