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The competition in the global voice assistant application market is characterized by offering expertise in AI, online advertising, search engines, and e-commerce.
IBM Corporation, established in 1911 and headquartered in the United States, is a leading global IT company with operations spanning more than 170 countries. Renowned for its hardware and software solutions, IBM offers a diverse range of products such as computers, servers, storage systems, and networking equipment.
Alphabet, Inc. founded in 1998 in the US, stands as a multinational technology behemoth specializing in AI, online advertising, search engines, cloud computing, software development, quantum computing, e-commerce, and consumer electronics.
Amazon Web Services (AWS) was founded in 2006 and provides a comprehensive array of cloud-based services on a global scale. These services encompass computing, storage, databases, analytics, networking, mobile solutions, developer tools, management tools, IoT, security offerings, and enterprise applications. AWS services are instantly accessible upon request, with pricing structured on a pay-as-you-go model.
Microsoft Corporation, established in 1975 and headquartered in the United States, focuses on the development, licensing, and support of an extensive portfolio of enterprise and consumer software products and services. Microsoft's offerings include operating systems tailored for personal computers, servers, and mobile devices, along with server applications, management tools, and productivity applications.
Other key players in the global voice assistant application market are Apple Inc., Samsung Electronics Co., Ltd., Cisco, Oracle, SAP SE, and Verint System Inc. among others.
Voice Assistant Application Market Size
Voice Assistant Application Market Trends
Voice Assistant Application Companies
Voice Assistant Application Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market was estimated to be valued at USD 4.10 billion in 2023.
The market is projected to grow at a CAGR of 24.5% between 2024 and 2032.
The revenue generated from the voice assistant application market is expected to reach USD 29.27 billion in 2032.
The growth of the voice assistant application market is driven by advancements in conversational AI, integration with smart devices, improved personalization, and a strong focus on accessibility.
The market is categorised according to its component types, which include solutions and services.
The key players are IBM Corporation, Alphabet, Inc., Amazon Web Services Inc., Microsoft Corporation, Apple Inc., Samsung Electronics Co., Ltd., Cisco, Oracle, SAP SE, and Verint System Inc. among others.
Based on the deployment type, the market is divided into on-premises and cloud.
The major areas include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Based on the industry, the market is divided into banking, financial services, and insurance, healthcare, retail and e-commerce, media and entertainment, telecom and IT, manufacturing and automotive, education, travel and hospitality and others.
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