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Voice Assistant Application Market by Application and Geography - Forecast and Analysis 2022-2026

  • Published: Mar 2022
  • Pages: 142
  • SKU: IRTNTR72836
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The voice assistant application market share is expected to increase to USD 70.40 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 27.58%.

This voice assistant application market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers voice assistant application market segmentation by application (individual users, SMEs, and large enterprises) and geography (North America, Europe, APAC, Middle East and Africa, and South America).

What will the Voice Assistant Application Market Size be During the Forecast Period?

Voice Assistant Application Market Size

Download the Free Report Sample to Unlock the Voice Assistant Application Market Size for the Forecast Period and Other Important Statistics

 

The voice assistant application market report also offers information on several market vendors, including Alphabet Inc., Amazon.com Inc., Apple Inc., Artificial Solutions International AB, Baidu Inc., Huawei Investment and Holding Co. Ltd., International Business Machines Corp., Microsoft Corp., Nuance Communications Inc., Oracle Corp., Orbita Inc., Robin Labs, RoboBot Studio, Salesforce.com Inc., Samsung Electronics Co. Ltd., SAP SE, SoundHound Inc., Verbio Technologies SL, Voiceflow Inc., and Xiaomi Corp. among others.

Voice Assistant Application Market: Key Drivers, Trends, and Challenges

The digital transformation is notably driving the voice assistant application market growth, although factors such as data privacy and security concerns may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the voice assistant application industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Voice Assistant Application Market Driver

  • One of the key factors driving the global voice assistant application market growth is the digital transformation.
  • OTT services enable users to view online videos at home through laptops/desktops or TV screens, using different devices, and most such device providers are offering inbuilt voice assistant applications.
  • The emergence of advanced Internet technologies such as high-speed broadband and the introduction of voice over internet protocol (VoIP) services on the cell phone has changed the user preference for internet services and propelled the adoption of new technologies.
  • Online learning transforms traditional educational processes through the implementation of advanced technologies such as IoT, cloud computing, Big Data analytics, and augmented reality. Such developments help voice assistant application vendors to integrate the horizontal and vertical structures of the organization with advances in IT, which will drive the market growth during the forecast period.

Key Voice Assistant Application Market Trend

  • Growing demand for smart homes and the development of smart cities is one of the key voice assistant application market trends that is expected to impact the industry positively in the forecast period.
  • The smart home concept has the highest penetration in North America and Europe, with developing economies in APAC also adopting the concept.
  • Alphabet Google Home is a smart speaker that also controls all features of a smart home. Moreover, global companies such as Microsoft, IBM, and Alphabet are aiding in the development of smart cities through innovative initiatives and solutions.
  • In India, Godrej Interio of Godrej Industries Ltd. (Godrej) is developing connected homes. Amazon Alexa, an intelligent personal assistant developed by Amazon, enables voice-enabled control of smart home devices.
  • A few major cities, such as Amsterdam, Barcelona, Stockholm, and Santa Cruz, already fall under the smart city category. Such factors are expected to further support the market growth in the coming years.

Key Voice Assistant Application Market Challenge

  • One of the key challenges to the global voice assistant application market growth is data privacy and security concerns.
  • Earlier, cybersecurity was concentrated on a limited number of connected devices. However, due to the IoT revolution, there will be a large-scale combination of both physical and virtual worlds during the forecast period.
  • In many countries, network security in high-security zones is assumed to be threatening for national security, as these network areas may be exposed to terrorist attacks.
  • Some of the nations have restricted a few areas of voice assistant applications, including vehicle and infrastructure communication, due to security breaches.
  • In 2016, Charlie Miller and Chris Valasek hackers hacked a Jeep Cherokee via its onboard diagnostics II port. They took control of the steering wheel, electronic parking brake, cruise control, and transmission system. Therefore, the security threat is expected to limit the market growth during the forecast period.

This voice assistant application market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global voice assistant application market as a part of the global application software market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the voice assistant application market during the forecast period.

Who are the Major Voice Assistant Application Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Alphabet Inc.
  • Amazon.com Inc.
  • Apple Inc.
  • Artificial Solutions International AB
  • Baidu Inc.
  • Huawei Investment and Holding Co. Ltd.
  • International Business Machines Corp.
  • Microsoft Corp.
  • Nuance Communications Inc.
  • Oracle Corp.
  • Orbita Inc.
  • Robin Labs
  • RoboBot Studio
  • Salesforce.com Inc.
  • Samsung Electronics Co. Ltd.
  • SAP SE
  • SoundHound Inc.
  • Verbio Technologies SL
  • Voiceflow Inc.
  • Xiaomi Corp.

 

This statistical study of the voice assistant application market encompasses successful business strategies deployed by the key vendors. The voice assistant application market is fragmented and the vendors are deploying growth strategies such as technological innovations to compete in the market.

Product Insights and News

  • Alphabet Inc. - The company offers voice assistant applications that provide help across devices such as Google Home, phone, and more. One can access it with a long press home on Android, Ok Google, or a squeeze on Pixel phones, under the brand name of Google.
  • Alphabet Inc. - In July 2021, the company partnered with Casino Group to accelerate its digital strategy.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The voice assistant application market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Voice Assistant Application Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the voice assistant application market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Voice Assistant Application Market?

Voice Assistant Application Market Market segmentation by region

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30% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for voice assistant applications in North America. Market growth in this region will be faster than the growth of the market in Middle East and Africa.

The rapid adoption of voice assistant applications by end-user industries in the region, such as automotive, retail, healthcare, media and entertainment, hospitality, and BFSI will facilitate the voice assistant application market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The COVID-19 pandemic had a positive impact on the voice assistant application market in North America in 2020. Due to the lockdowns and restrictions imposed by the governments of the region, people spent the majority of their time indoors. This led to acceptance and dependence on technology like AI and IoT using voice assistant applications. Hence, the virtual assistant application market is expected to grow in North America during the forecast period.

What are the Revenue-generating Application Segments in the Voice Assistant Application Market?

Voice Assistant Application Market Segmentation

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The voice assistant application market share growth by the individual users' segment will be significant during the forecast period. The increasing use of digital content platforms such as over the top (OTT), the rising adoption of online gaming by individuals, and the use of voice assistant applications in those platforms in emerging economies such as India and China are expected to drive the growth of the segment during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the voice assistant application market size and actionable market insights on post COVID-19 impact on each segment.

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Voice Assistant Application Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 27.58%

Market growth 2022-2026

$ 70.40 billion

Market structure

Fragmented

YoY growth (%)

25.97

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 30%

Key consumer countries

US, Canada, China, UK, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Alphabet Inc., Amazon.com Inc., Apple Inc., Artificial Solutions International AB, Baidu Inc., Huawei Investment and Holding Co. Ltd., International Business Machines Corp., Microsoft Corp., Nuance Communications Inc., Oracle Corp., Orbita Inc., Robin Labs, RoboBot Studio, Salesforce.com Inc., Samsung Electronics Co. Ltd., SAP SE, SoundHound Inc., Verbio Technologies SL, Voiceflow Inc., and Xiaomi Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Voice Assistant Application Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive voice assistant application market growth during the next five years
  • Precise estimation of the voice assistant application market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the voice assistant application industry across North America, Europe, APAC, Middle East and Africa, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of voice assistant application market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
    • 5.2 Comparison by Application
      • Exhibit 26: Chart on Comparison by Application
      • Exhibit 27: Data Table on Comparison by Application
    • 5.3 Individual users - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Individual users - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Individual users - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Individual users - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Individual users - Year-over-year growth 2021-2026 (%)
    • 5.4 SMEs - Market size and forecast 2021-2026
      • Exhibit 32: Chart on SMEs - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on SMEs - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on SMEs - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on SMEs - Year-over-year growth 2021-2026 (%)
    • 5.5 Large enterprises - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Large enterprises - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Large enterprises - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Large enterprises - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Large enterprises - Year-over-year growth 2021-2026 (%)
    • 5.6 Market opportunity by Application
      • Exhibit 40: Market opportunity by Application ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 42: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 44: Chart on Geographic comparison
      • Exhibit 45: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.7 South America - Market size and forecast 2021-2026
      • Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 China - Market size and forecast 2021-2026
      • Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.10 UK - Market size and forecast 2021-2026
      • Exhibit 74: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.11 Germany - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.12 Canada - Market size and forecast 2021-2026
      • Exhibit 82: Chart on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on Canada - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on Canada - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 86: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 89: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 90: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 91: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 92: Matrix on vendor position and classification
            • 10.3 Alphabet Inc.
              • Exhibit 93: Alphabet Inc. - Overview
              • Exhibit 94: Alphabet Inc. - Business segments
              • Exhibit 95: Alphabet Inc. - Key news
              • Exhibit 96: Alphabet Inc. - Key offerings
              • Exhibit 97: Alphabet Inc. - Segment focus
            • 10.4 Amazon.com Inc.
              • Exhibit 98: Amazon.com Inc. - Overview
              • Exhibit 99: Amazon.com Inc. - Business segments
              • Exhibit 100: Amazon.com Inc. - Key news
              • Exhibit 101: Amazon.com Inc. - Key offerings
              • Exhibit 102: Amazon.com Inc. - Segment focus
            • 10.5 Apple Inc.
              • Exhibit 103: Apple Inc. - Overview
              • Exhibit 104: Apple Inc. - Business segments
              • Exhibit 105: Apple Inc. - Key news
              • Exhibit 106: Apple Inc. - Key offerings
              • Exhibit 107: Apple Inc. - Segment focus
            • 10.6 Artificial Solutions International AB
              • Exhibit 108: Artificial Solutions International AB - Overview
              • Exhibit 109: Artificial Solutions International AB - Product / Service
              • Exhibit 110: Artificial Solutions International AB - Key offerings
            • 10.7 Baidu Inc.
              • Exhibit 111: Baidu Inc. - Overview
              • Exhibit 112: Baidu Inc. - Business segments
              • Exhibit 113: Baidu Inc. - Key offerings
              • Exhibit 114: Baidu Inc. - Segment focus
            • 10.8 Huawei Investment and Holding Co. Ltd.
              • Exhibit 115: Huawei Investment and Holding Co. Ltd. - Overview
              • Exhibit 116: Huawei Investment and Holding Co. Ltd. - Business segments
              • Exhibit 117: Huawei Investment and Holding Co. Ltd. - Key offerings
              • Exhibit 118: Huawei Investment and Holding Co. Ltd. - Segment focus
            • 10.9 International Business Machines Corp.
              • Exhibit 119: International Business Machines Corp. - Overview
              • Exhibit 120: International Business Machines Corp. - Business segments
              • Exhibit 121: International Business Machines Corp. - Key offerings
              • Exhibit 122: International Business Machines Corp. - Segment focus
            • 10.10 Microsoft Corp.
              • Exhibit 123: Microsoft Corp. - Overview
              • Exhibit 124: Microsoft Corp. - Business segments
              • Exhibit 125: Microsoft Corp. - Key news
              • Exhibit 126: Microsoft Corp. - Key offerings
              • Exhibit 127: Microsoft Corp. - Segment focus
            • 10.11 Nuance Communications Inc.
              • Exhibit 128: Nuance Communications Inc. - Overview
              • Exhibit 129: Nuance Communications Inc. - Business segments
              • Exhibit 130: Nuance Communications Inc. - Key offerings
              • Exhibit 131: Nuance Communications Inc. - Segment focus
            • 10.12 Oracle Corp.
              • Exhibit 132: Oracle Corp. - Overview
              • Exhibit 133: Oracle Corp. - Business segments
              • Exhibit 134: Oracle Corp. - Key news
              • Exhibit 135: Oracle Corp. - Key offerings
              • Exhibit 136: Oracle Corp. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 137: Inclusions checklist
                • Exhibit 138: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 139: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 140: Research methodology
                • Exhibit 141: Validation techniques employed for market sizing
                • Exhibit 142: Information sources
              • 11.5 List of abbreviations
                • Exhibit 143: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
              Interested in this report?
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              Voice Assistant Application market growth will increase by $70408.71 million during 2022-2026.
              The voice assistant application market is expected to grow at a CAGR of 27.58% during 2022-2026.
              Technavio has segmented the voice assistant application market by application (Individual users, SMEs, and Large enterprises) and geographic (North America, Europe, APAC, Middle East and Africa, and South America).
              Alphabet Inc., Amazon.com Inc., Apple Inc., Artificial Solutions International AB, Baidu Inc., Huawei Investment and Holding Co. Ltd., International Business Machines Corp., Microsoft Corp., Nuance Communications Inc., Oracle Corp., Orbita Inc., Robin Labs, RoboBot Studio, Salesforce.com Inc., Samsung Electronics Co. Ltd., SAP SE, SoundHound Inc., Verbio Technologies SL, Voiceflow Inc., Xiaomi Corp. are a few of the key vendors in the voice assistant application market.
              North America will register the highest growth rate of 29.76% among the other regions. Therefore, the voice assistant application market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the voice assistant application market growth are:
              • Digital transformation
              • Growing demand for smart homes and development of smart cities
              The voice assistant application market vendors should focus on grabbing business opportunities from the individual users segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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              • Five-force market analysis

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