April 4, 2020

Voice Assistant Application Market | Key Players are Amazon.com, Inc., Google LLC, Apple Inc., Microsoft Corporation, Samsung, Oracle etc.

According to a new market report published by Credence Research, Inc., the global market for voice assistant application is expected to see an increase of 18.5 per cent in CAGR during the forecast period from 2019 to 2027.

Product Insights:

The global market for voice assistant application was valued at US$ 1.20 billion in 2018 and is likely to see a steady growth of 18.5 per cent in the CAGR during the forecast period from 2019 to 2027. Voice as a channel is expanding enormously as people spend more time with their personal voice assistants. Technology is constantly changing and evolving, and with continuous advancements in technology, the market for voice-assistant applications is likely to move forward at a faster pace in the near future. The proliferation of artificial intelligence (AI) and the increasing penetration of smart voice search devices have given rise to voice assistants worldwide. This, in turn, is expected to facilitate the overall growth of the market for voice assistant application during the forecast period from 2019 to 2027.

Browse the full report at https://www.credenceresearch.com/report/voice-assistant-application-market

The based global for voice assistant application market was led by the web application segment in 2018. Voice assistant applications that are deployed across the web are useful for a number of activities such as accurate navigation, sales and marketing support, customer insights, instant customer queries and centralized knowledge management. Improved interoperability, cost-effective development, ease of installation and maintenance, etc. are some of the benefits that are further supporting the growth of this segment. ┬áIn addition, based on geography, North America led the market for voice-assistant applications in 2018. The region’s growth is mainly underpinned by increasing technological advances and innovations in voice technology. Increasing popularity and the adoption of voice-first technology, coupled with well-established infrastructure that enables higher penetration of devices and provides high-speed connectivity, facilitates the growth of the voice-assistant market in the region.

Competitive Insights:

Major players in the voice assistant application market include Amazon.com, Inc., Google LLC, Apple Inc., Microsoft Corporation, Samsung, Orange S.A., Next IT Corporation, Nuance Communications, Inc., Salesforce.com, Inc., and Oracle Corporation among others. The voice assistant application providers are espousing strategies like product innovation, partnerships, etc. to thrive in the competitive market environment. The major players are dedicated on differentiating their product offerings through a unique and clear value propositions for sustaining their place in the market. The players are constantly focusing on upgrading their existing applications in order to cater the growing expectations of the customers.

Credence Research is providing Free Sample Get it here: https://www.credenceresearch.com/sample-request/59719

Report Scope by Segments

By Component Segment

  • Hardware
  • Software
  • Services

By Deployment Mode Segment

  • On-premise
  • Cloud

By Application Segment

  • Web Application
  • Mobile Application
  • AI Devices

By End-use Vertical Segment

  • BFSI
  • Healthcare
  • Retail
  • Media & Entertainment
  • IT & Telecom
  • Automotive
  • Education
  • Others (Manufacturing, Travel and Hospitality, etc.)

By Geography Segment

  • North America (U.S., Rest of North America)
  • Europe (U.K., Germany, France, Rest of Europe)
  • Asia Pacific (China, Japan, India, Rest of Asia Pacific)
  • Rest of the World (Middle East & Africa, Latin America)

Credence Research is providing Free Sample Get it here: https://www.credenceresearch.com/sample-request/59719

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