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

  • Published: May 2022
  • Pages: 132
  • SKU: IRTNTR73463
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The voice commerce market share is expected to increase by USD 55.68 billion from 2021 to 2026, at an accelerating CAGR of 24.34%.

The voice commerce market has been broadly categorized into the following demographic segmentations: 

  • Application - Personal care, electronics, household appliances, groceries, and arts crafts
  • Geography - North America, Europe, APAC, South America, and Middle East and Africa

The voice commerce market report offers information on several market vendors, including Adobe Inc., Agora Inc., Algolia Inc., Alphabet Inc., Amazon.com Inc., Edrone sp. z o.o., iAdvize SAS, Jetson AI Inc., Microsoft Corp., Salesforce.com Inc., Samsung Electronics Co. Ltd., Voicify LLC, and Yosh.AI Ltd. among others.

One of the key highlights of the voice commerce market research report is the post-COVID-19 impact analysis on the market, which will help companies evaluate their business approaches for the forecast period.

What will the Voice Commerce Market Size be During the Forecast Period?

Voice Commerce Market Size

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Voice Commerce Market: Key Drivers, Trends, and Challenges

The enhanced purchasing convenience is notably driving the voice commerce market growth, although factors such as data privacy and security concerns may impede the 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 commerce industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Voice Commerce Market Driver

  • The enhanced purchasing convenience is one of the key drivers supporting the voice commerce market growth.
  • Voice commerce has enhanced the purchasing experience of buyers as they no longer need to go through the website checkout process.
  • Convenience in shopping is a major advantage for buyers or customers, allowing them to bypass a lengthy checkout process. 
  • Voice commerce is expected to become a hit on smart speakers and purchases are likely to be widely made from vehicle dashboard interfaces for buying products ranging from smartwatches.
  • Companies that implement voice commerce technology in their online shops are likely to enhance user experience and customer experience significantly. This factor will drive the voice assistant application market growth during the forecast period.

Key Voice Commerce Market Trend

  • The rising adoption of voice-enabled devices is one of the key voice assistant application market trends fueling market growth.
  • According to a report that was published by Juniper Research in 2017, more than half of US households (55%) are estimated to have a voice-enabled smart speaker by 2022.
  • According to a survey conducted by Adobe Digital Insights in 2018, of the people who own smart speakers, such as Google Home and Amazon Echo, 71% interact with the voice assistant at least once daily, while 44% of them interact with the voice assistant several times a day.
  • Consumers find voice-enabled platforms and devices convenient for various activities, such as online shopping, banking, paying bills, and other tasks.
  • Voice commerce helps users to go through highly-rated products, such as premium mobile phones, laptops, and others at one go. Such convenience will propel the voice commerce market growth during the forecast period.

Key Voice Commerce Market Challenge

  • Data privacy and security concerns is one of the limitations hampering the voice commerce market growth.
  • In many countries, network security in high-security zones is assumed to be a threat to national security, as these network areas may be vulnerable to hacking or terrorist attacks.
  • Increased data-sharing over the network has led to cybersecurity and data breach issues while using voice assistant applications over mobile phones and cloud networks. 
  • Earlier, cybersecurity was an issue for only a limited number of connected devices. However, due to the IoT revolution, there will be a rise in the convergence of both physical and virtual worlds during the forecast period.
  • Some nations have restricted a few voice assistant applications, including vehicle and infrastructure communication, due to security concerns. Thus, the chances of cybersecurity breaches and hacking are expected to hamper voice assistant application market growth during the forecast period. 

This voice commerce 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 commerce 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 commerce market during the forecast period.

Who are the Major Voice Commerce Market Vendors?

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

 

  • Adobe Inc.
  • Agora Inc.
  • Algolia Inc.
  • Alphabet Inc.
  • Amazon.com Inc.
  • Edrone sp. z o.o.
  • iAdvize SAS
  • Jetson AI Inc.
  • Microsoft Corp.
  • Salesforce.com Inc.
  • Samsung Electronics Co. Ltd.
  • Voicify LLC
  • Yosh.AI Ltd.

 

This statistical study of the voice commerce market encompasses successful business strategies deployed by the key vendors. The voice commerce market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Adobe.com - The company offers voice commerce namely Voice Assistant Analytics which delivers more personalized customer experiences through voice-based interfaces by capturing and analyzing voice data.
  • Algolia.com - The company offers voice commerce such as Algolia which gives users relevant voice search results with contextual understanding capabilities, NLP, natural language understanding, and AI tools.
  • Abc.xyz - The company offers voice commerce namely Google Assistant which allows shoppers to order groceries for pickup and home delivery.

To make the most of the opportunities and recover from the 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 commerce 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 Commerce Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the voice commerce 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 Commerce Market?

Voice Commerce Market Market segmentation by region

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40% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for the voice commerce market in North America. Market growth in this region will be slower than the growth of the market in other regions.

An increase in online shopping, coupled with the accelerated adoption as well as usage of voice assistants by customers will facilitate the voice commerce 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 regional market in 2020. Due to the lockdowns and restrictions imposed by governments across the region, people spent most of their time indoors. This led to the acceptance of and dependence on technology like AI and IoT using voice assistant applications. These factors are expected to drive the voice commerce market growth during the forecast period.

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

Voice Commerce Market Segmentation

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The voice commerce market share growth in the personal care segment will be significant during the forecast period. Personal care products are a group of consumer products that are used in personal hygiene, personal grooming, or beautification and are widely used in everyday life. These products include shampoo, body lotions, and other products, perfumes, shaving gels, and others. Moreover, this segment is expected to grow during the forecast period owing to factors such as rising beauty consciousness among individuals, the influence of social media, as well as increasing disposable income levels. This, in turn, will boost the voice commerce market growth during the forecast period.

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

 

Voice Commerce Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 24.34%

Market growth 2022-2026

$ 55.68 billion

Market structure

Fragmented

YoY growth (%)

18.98

Regional analysis

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

Performing market contribution

North America at 40%

Key consumer countries

US, Canada, China, India, UK, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Adobe Inc., Agora Inc., Algolia Inc., Alphabet Inc., Amazon.com Inc., Edrone sp. z o.o., iAdvize SAS, Jetson AI Inc., Microsoft Corp., Salesforce.com Inc., Samsung Electronics Co. Ltd., Voicify LLC, and Yosh.AI Ltd.

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, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive voice commerce market growth during the next five years
  • Precise estimation of the voice commerce market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the voice commerce industry across North America, Europe, APAC, South America, and Middle East and Africa
  • 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 commerce market vendors

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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 ($ billion)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
      • 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: Chart on Bargaining power of buyers – Impact of key factors 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 Personal care - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Personal care - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 29: Data Table on Personal care - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 30: Chart on Personal care - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Personal care - Year-over-year growth 2021-2026 (%)
    • 5.4 Electronics - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Electronics - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 33: Data Table on Electronics - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 34: Chart on Electronics - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Electronics - Year-over-year growth 2021-2026 (%)
    • 5.5 Household appliances - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Household appliances - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 37: Data Table on Household appliances - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 38: Chart on Household appliances - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Household appliances - Year-over-year growth 2021-2026 (%)
    • 5.6 Groceries - Market size and forecast 2021-2026
      • Exhibit 40: Chart on Groceries - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 41: Data Table on Groceries - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 42: Chart on Groceries - Year-over-year growth 2021-2026 (%)
      • Exhibit 43: Data Table on Groceries - Year-over-year growth 2021-2026 (%)
    • 5.7 Arts crafts - Market size and forecast 2021-2026
      • Exhibit 44: Chart on Arts crafts - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 45: Data Table on Arts crafts - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 46: Chart on Arts crafts - Year-over-year growth 2021-2026 (%)
      • Exhibit 47: Data Table on Arts crafts - Year-over-year growth 2021-2026 (%)
    • 5.8 Market opportunity by Application
      • Exhibit 48: Market opportunity by Application ($ billion)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 50: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 51: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 52: Chart on Geographic comparison
      • Exhibit 53: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 62: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 63: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 64: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 71: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 72: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 UK - Market size and forecast 2021-2026
      • Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.10 China - Market size and forecast 2021-2026
      • Exhibit 82: Chart on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 83: Data Table on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 84: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.11 Germany - Market size and forecast 2021-2026
      • Exhibit 86: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 87: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 88: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 89: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.12 Canada - Market size and forecast 2021-2026
      • Exhibit 90: Chart on Canada - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 91: Data Table on Canada - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 92: Chart on Canada - Year-over-year growth 2021-2026 (%)
      • Exhibit 93: Data Table on Canada - Year-over-year growth 2021-2026 (%)
    • 7.13 India - Market size and forecast 2021-2026
      • Exhibit 94: Chart on India - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 95: Data Table on India - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 96: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 97: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 7.14 Market opportunity by geography
      • Exhibit 98: Market opportunity by geography ($ billion)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 99: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 100: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 101: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 102: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 103: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 104: Matrix on vendor position and classification
            • 10.3 Adobe Inc.
              • Exhibit 105: Adobe Inc. - Overview
              • Exhibit 106: Adobe Inc. - Business segments
              • Exhibit 107: Adobe Inc. - Key news
              • Exhibit 108: Adobe Inc. - Key offerings
              • Exhibit 109: Adobe Inc. - Segment focus
            • 10.4 Agora Inc.
              • Exhibit 110: Agora Inc. - Overview
              • Exhibit 111: Agora Inc. - Product / Service
              • Exhibit 112: Agora Inc. - Key offerings
            • 10.5 Algolia Inc.
              • Exhibit 113: Algolia Inc. - Overview
              • Exhibit 114: Algolia Inc. - Product / Service
              • Exhibit 115: Algolia Inc. - Key offerings
            • 10.6 Alphabet Inc.
              • Exhibit 116: Alphabet Inc. - Overview
              • Exhibit 117: Alphabet Inc. - Business segments
              • Exhibit 118: Alphabet Inc. - Key news
              • Exhibit 119: Alphabet Inc. - Key offerings
              • Exhibit 120: Alphabet Inc. - Segment focus
            • 10.7 Amazon.com Inc.
              • Exhibit 121: Amazon.com Inc. - Overview
              • Exhibit 122: Amazon.com Inc. - Business segments
              • Exhibit 123: Amazon.com Inc. - Key news
              • Exhibit 124: Amazon.com Inc. - Key offerings
              • Exhibit 125: Amazon.com Inc. - Segment focus
            • 10.8 iAdvize SAS
              • Exhibit 126: iAdvize SAS - Overview
              • Exhibit 127: iAdvize SAS - Product / Service
              • Exhibit 128: iAdvize SAS - Key offerings
            • 10.9 Jetson AI Inc.
              • Exhibit 129: Jetson AI Inc. - Overview
              • Exhibit 130: Jetson AI Inc. - Product / Service
              • Exhibit 131: Jetson AI Inc. - Key offerings
            • 10.10 Salesforce.com Inc.
              • Exhibit 132: Salesforce.com Inc. - Overview
              • Exhibit 133: Salesforce.com Inc. - Product / Service
              • Exhibit 134: Salesforce.com Inc. - Key news
              • Exhibit 135: Salesforce.com Inc. - Key offerings
            • 10.11 Samsung Electronics Co. Ltd.
              • Exhibit 136: Samsung Electronics Co. Ltd. - Overview
              • Exhibit 137: Samsung Electronics Co. Ltd. - Business segments
              • Exhibit 138: Samsung Electronics Co. Ltd. - Key news
              • Exhibit 139: Samsung Electronics Co. Ltd. - Key offerings
              • Exhibit 140: Samsung Electronics Co. Ltd. - Segment focus
            • 10.12 Yosh.AI Ltd.
              • Exhibit 141: Yosh.AI Ltd. - Overview
              • Exhibit 142: Yosh.AI Ltd. - Product / Service
              • Exhibit 143: Yosh.AI Ltd. - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 144: Inclusions checklist
                • Exhibit 145: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 146: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 147: Research methodology
                • Exhibit 148: Validation techniques employed for market sizing
                • Exhibit 149: Information sources
              • 11.5 List of abbreviations
                • Exhibit 150: 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 Commerce Market market growth will increase by $55.68 bn during 2022-2026.
              The voice commerce market market is expected to grow at a CAGR of 24.34% during 2022-2026.
              Technavio has segmented the voice commerce market market by application (Personal care, Electronics, Household appliances, Groceries, and Arts crafts) and geography (North America, Europe, APAC, South America, and Middle East and Africa).
              Adobe Inc., Agora Inc., Algolia Inc., Alphabet Inc., Amazon.com Inc., Edrone sp. z o.o., iAdvize SAS, Jetson AI Inc., Microsoft Corp., Salesforce.com Inc., Samsung Electronics Co. Ltd., Voicify LLC, Yosh.AI Ltd. are a few of the key vendors in the voice commerce market market.
              North America will register the highest growth rate of 40% among the other regions. Therefore, the voice commerce market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the voice commerce market market growth are:
              • Enhanced purchasing convenience
              • Rising adoption of voice-enabled devices
              The voice commerce market market vendors should focus on grabbing business opportunities from the personal care 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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