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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Voice Assistant Application Market Analysis by Region
Based on region, the global voice assistant application market share is led by North America due to its robust technological infrastructure, facilitating the development and deployment of advanced AI and machine learning models that are essential for high-performing voice assistants. The region's high-speed internet connectivity and widespread use of smart devices provide an ideal environment for efficient voice assistant operations.
Statistics Canada shows an increase in Canadian seniors owning smartphones, rising from 80% in 2018 to 84% in 2020. This supports the global voice assistant market, aiding the elderly with various benefits, such as hands-free operation and health monitoring, promoting independence and well-being.
In the Asia Pacific region, the population demonstrates a widespread technology-friendly mindset and a readiness to adopt sophisticated technologies in daily tasks, ranging from online shopping to managing healthcare. This presents a substantial, pre-established market for voice assistant applications across diverse sectors.
Voice Assistant Application Market Report Snapshots
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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Key Questions Answered in the Report
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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