Voice Assistant Market Research Report by Forecast to 2023

Posted by Kiran on November 4th, 2019

Voice Assistant Market Highlights:

In this rapidly changing world of technology, Voice assistant market is projected to show major growth prospects during the forecast period. Voice assistant technology provides unrivaled convenience and that is the major factor driving the growth of voice assistant market.

As compared to other regions, the voice assistant market in North America is expected to witness significant growth and hold the largest market share during the forecast period. U.S and Canada are anticipated to drive the growth of Voice AssistantMarket.

This is owing to the presence of large number of established key players and increasing popularity of voice-first technology in that region. In addition to this, the region also has a well-established infrastructure which allows higher penetration of devices which ultimately provides high speed connectivity and is expected to be a major factor for the growth of voice assistant market.

Access Report Details @ https://www.marketresearchfuture.com/reports/voice-assistant-market-4003

Major Key Players:

Leading players profiled in the voice assistant market report include Nokia Networks (Finland), Nuance Communications (US), Creative Virtual Ltd. (US), Next IT Corporation (UK), Orange SA (France), Samsung Group (South Korea), Microsoft Corporation (US), Apple, Inc. (US), Google, Inc. (US), and Amazon, Inc. (US).

July 2019: Pandora had unveiled its Alexa-style voice assistant this January in collaboration with tech partner SoundHound for coming up with a “Hey Pandora” voice-control feature in the mobile application. Six months later, this feature will finally roll out to all Pandora mobile users on Android and iOS, no matter they are on the subscription or free tiers of the service.

Market Segmentation:

The Market Research Future voice assistant market report provides a wide segmental analysis of the voice assistant market based on technology, application, and end user.

•          Based on technology, the voice assistant market is segmented into voice recognition, text-to-speech recognition, natural language processing, speaker-independent systems, speaker-dependent systems, speech recognition system, and speech recognition. Of these, the text-to-speech recognition segment will have the largest share in the market over the forecast period.
•          Based on application, the voice assistant market is segmented into contact centers, websites, messenger bots, and others. Of these, the websites segment will dominate the market over the forecast period. This will be followed by the messenger bots segment that is predicted to have the highest growth over the forecast period.
•          Based on end user, the voice assistant market is segmented into large enterprises, small and medium enterprises, and individual users. Of these, the individual user segment will lead the market over the forecast period. This is owing to the growing popularity of Siri and Alexa. Improved AI and other infrastructure-oriented advancements too are contributing to the market growth.