Summary

Global voice assistant application market is valued approximately at USD 2.1 billion in 2020 and is anticipated to grow with a healthy growth rate of about 32.4% over the forecast period 2021-2027. Voice assistant applications are designed to give conversational interactions to the user by offering voice searching, voice commands, and voice-activated device control. The global voice assistant application market is being driven by advancements in voice-based AI technologies and emergence of low-code platforms for voice-assistant applications. Furthermore, increase in online purchasing will provide new opportunities for the global voice assistant application industry. Voice assistant applications push companies and products to interact with customers in a more conversational way while doing online purchase. According to the Statista, the total retail e-commerce sales across the globe is expected to increase from USD 4.28 trillion in 2020 to about USD 5.4 trillion by 2022. Such growth in the online purchasing is further expected to increase the demand and adoption of voice assistant application to enhance user experience which and hence this is likely to boost the market growth during the forecast period. However, dearth of complete accuracy in user’s voice authentication may impede market growth over the forecast period of 2021-2027.

The regional analysis of the global voice assistant application market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America accounts for the largest share in terms of market revenue in the global voice assistant application market over the forecast period 2021-2027. Factors such as fast adoption of the latest technologies such as cloud computing, mobile devices, and IoT within enterprises, technological advancements and innovations, presence of majority of the key market players across North America, etc. contribute towards the largest market share of the region in the forecast years.

Major market player included in this report are:
[24]7.ai
Aivo
AWS
Apple
Avaamo
Avaya
Baidu
Cisco
Clinc
Creative Virtual

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component:
Solutions
Services
By Deployment Mode:
On-premises
Cloud
By Organization Size:
Small and Medium-sized Enterprises (SMEs)
Large Enterprises
By Channel Integration:
Websites
Mobile Applications
Contact Centers
Smart Speakers
Social Media
By Application Area:
Smart Retail and eCommerce
Smart Banking
Connected Healthcare
Smart Transportation
Smart Manufacturing
Smart Learning
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.

Target Audience of the Global Voice Assistant Application Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

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Table of Contents

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Voice Assistant Application Market, by Region, 2019-2027 (USD Billion)
1.2.2. Voice Assistant Application Market, by Component, 2019-2027 (USD Billion)
1.2.3. Voice Assistant Application Market, by Deployment Mode, 2019-2027 (USD Billion)
1.2.4. Voice Assistant Application Market, by Organization Size, 2019-2027 (USD Billion)
1.2.5. Voice Assistant Application Market, by Channel Integration, 2019-2027 (USD Billion)
1.2.6. Voice Assistant Application Market, by Application Area, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Voice Assistant Application Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Voice Assistant Application Market Dynamics
3.1. Voice Assistant Application Market Impact Analysis (2019-2027)
3.1.1. Market Drivers
3.1.1.1. Advancements in voice-based AI technologies
3.1.1.2. Emergence of low-code platforms for voice-assistant applications
3.1.2. Market Restraint
3.1.2.1. Dearth of complete accuracy in user’s voice authentication
3.1.3. Market Opportunities
3.1.3.1. Increase in online purchasing
Chapter 4. Global Voice Assistant Application Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Voice Assistant Application Market, by Component
a. Market Snapshot
5.1. Global Voice Assistant Application Market by Component, Performance - Potential Analysis
5.2. Global Voice Assistant Application Market Estimates & Forecasts by Component 2018-2027 (USD Billion)
5.3. Voice Assistant Application Market, Sub Segment Analysis
5.3.1. Solutions
5.3.2. Services
Chapter 6. Global Voice Assistant Application Market, by Deployment Mode
b. Market Snapshot
6.1. Global Voice Assistant Application Market by Deployment Mode, Performance - Potential Analysis
6.2. Global Voice Assistant Application Market Estimates & Forecasts by Deployment Mode 2018-2027 (USD Billion)
6.3. Voice Assistant Application Market, Sub Segment Analysis
6.3.1. On-premises
6.3.2. Cloud
Chapter 7. Global Voice Assistant Application Market, by Organization Size
c. Market Snapshot
7.1. Global Voice Assistant Application Market by Organization Size, Performance - Potential Analysis
7.2. Global Voice Assistant Application Market Estimates & Forecasts by Organization Size 2018-2027 (USD Billion)
7.3. Voice Assistant Application Market, Sub Segment Analysis
7.3.1. Small and Medium-sized Enterprises (SMEs)
7.3.2. Large Enterprises
Chapter 8. Global Voice Assistant Application Market, by Channel Integration
d. Market Snapshot
8.1. Global Voice Assistant Application Market by Channel Integration, Performance - Potential Analysis
8.2. Global Voice Assistant Application Market Estimates & Forecasts by Channel Integration 2018-2027 (USD Billion)
8.3. Voice Assistant Application Market, Sub Segment Analysis
8.3.1. Websites
8.3.2. Mobile Applications
8.3.3. Contact Centers
8.3.4. Smart Speakers
8.3.5. Social Media
Chapter 9. Global Voice Assistant Application Market, by Application Area
e. Market Snapshot
9.1. Global Voice Assistant Application Market by Application Area, Performance - Potential Analysis
9.2. Global Voice Assistant Application Market Estimates & Forecasts by Application Area 2018-2027 (USD Billion)
9.3. Voice Assistant Application Market, Sub Segment Analysis
9.3.1. Smart Retail and eCommerce
9.3.2. Smart Banking
9.3.3. Connected Healthcare
9.3.4. Smart Transportation
9.3.5. Smart Manufacturing
9.3.6. Smart Learning
9.3.7. Others
Chapter 10. Global Voice Assistant Application Market, Regional Analysis
10.1. Voice Assistant Application Market, Regional Market Snapshot
10.2. North America Voice Assistant Application Market
10.2.1. U.S. Voice Assistant Application Market
10.2.1.1. Component breakdown estimates & forecasts, 2018-2027
10.2.1.2. Deployment Mode breakdown estimates & forecasts, 2018-2027
10.2.1.3. Organization Size breakdown estimates & forecasts, 2018-2027
10.2.1.4. Channel Integration breakdown estimates & forecasts, 2018-2027
10.2.1.5. Application Area breakdown estimates & forecasts, 2018-2027
10.2.2. Canada Voice Assistant Application Market
10.3. Europe Voice Assistant Application Market Snapshot
10.3.1. U.K. Voice Assistant Application Market
10.3.2. Germany Voice Assistant Application Market
10.3.3. France Voice Assistant Application Market
10.3.4. Spain Voice Assistant Application Market
10.3.5. Italy Voice Assistant Application Market
10.3.6. Rest of Europe Voice Assistant Application Market
10.4. Asia-Pacific Voice Assistant Application Market Snapshot
10.4.1. China Voice Assistant Application Market
10.4.2. India Voice Assistant Application Market
10.4.3. Japan Voice Assistant Application Market
10.4.4. Australia Voice Assistant Application Market
10.4.5. South Korea Voice Assistant Application Market
10.4.6. Rest of Asia Pacific Voice Assistant Application Market
10.5. Latin America Voice Assistant Application Market Snapshot
10.5.1. Brazil Voice Assistant Application Market
10.5.2. Mexico Voice Assistant Application Market
10.6. Rest of The World Voice Assistant Application Market
Chapter 11. Competitive Intelligence
11.1. Top Market Strategies
11.2. Company Profiles
11.2.1. [24]7.ai
11.2.1.1. Key Information
11.2.1.2. Overview
11.2.1.3. Financial (Subject to Data Availability)
11.2.1.4. Product Summary
11.2.1.5. Recent Developments
11.2.2. Aivo
11.2.3. AWS
11.2.4. Apple
11.2.5. Avaamo
11.2.6. Avaya
11.2.7. Baidu
11.2.8. Cisco
11.2.9. Clinc
11.2.10. Creative Virtual
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption