Surge in voice biometric security applications, rise in penetration of Internet of Things, and growth in demand for self-service applications propel the growth of the global voice user interface market. However, increase in concerns regarding data privacy from voice-enabled smart devices hinder the market growth. On the other hand, the advancement in AI technology presents new opportunities in the coming years.
Request Sample Report (Get Full Insights in PDF – 325 Pages) at:
https://www.alliedmarketresearch.com/request-sample/12746
Global voice user interface market size was valued at USD 13.65 billion in 2020, and is projected to reach USD 95.41 billion by 2030, registering a CAGR of 21.5% from 2021 to 2030.
The global voice user interface market is segmented into offering, application, IVR deployment mode, and industry vertical. On the basis of offering, the market is bifurcated into solution and service. The solution segment dominated the voice user interface market share, in terms of revenue, in 2020, and is expected to follow the same trend during the forecast period. The applications covered in the study include smart speakers, interactive voice response, voice-controlled devices, smartphone & tablets, and others. The smart speakers segment was the highest revenue contributor in 2020 and is anticipated to garner a significant market share during the forecast period. By IVR deployment mode, the market is categorized into on-premises and cloud. The on-premise segment acquired the largest share in 2020 and is expected to grow at a high CAGR from 2021 to 2030. By industry vertical, the market is fragmented into BFSI, retail & e-commerce, consumer electronics, automotive & transportation, healthcare & life science, travel & hospitality, government & defense, and others. Consumer electronics was the dominant segment, in terms of revenue, in 2020, and is anticipated to witness significant growth during the forecast period.
If you have any questions, Please feel free to contact our analyst at:
https://www.alliedmarketresearch.com/connect-to-analyst/12746
Based on offering, the solution segment accounted for nearly two-fifths of the global voice user interface market in 2020 and is projected to maintain its leadership status during the forecast period. This is due to various benefits of the voice user interface solutions, such as flexibility, multitasking, accessibility, and privacy. However, the service segment is expected to manifest the highest CAGR of 22.90% from 2021 to 2030. Voice user interface service is a specialized artificial intelligence technology solution that allows users to interact with computer-operated devices to provide hand-free access, information, and answers. This factor drives the growth of the segment.
Based on application, the smart speakers segment held the largest market share in 2020, contributing to more than one-fourth of the global voice user interface market in 2020, and is estimated to maintain its lead position by 2030. Rise in the adoption of smart speakers in the residential industry, due to the offer of control over smart home application solution through voice recognition drives the growth of the segment. However, the smartphones and tablets segment are projected to witness the highest CAGR of 23.9 % from 2021 to 2030. The fact that voice user interface-based voice assistant solution is widely used in computer-operated applications for smartphones and tablets to offer flexible speech recognition solutions and hand-free interaction propel the segment growth.
Enquiry Before Buying:
https://www.alliedmarketresearch.com/purchase-enquiry/12746
Based on region, North America accounted for the highest market share in 2020, holding more than one-third of the global voice user interface market, and is expected to continue its dominance in terms of revenue by 2030. This is owing to the availability of prime players such as Apple, Amazon, Google, and Facebook and availability of rapidly developing advanced voice assistant solutions. However, Asia-Pacific is expected to witness the fastest CAGR of 23.30% from 2021 to 2030. This is attributed to rise in awareness about cloud computing technology and artificial intelligence applications to enhance resource utilization and various benefits from the voice assistant services.
The key players profiled in the global voice user interface market analysis include Advanced Voice Recognition Systems, Inc., Agnitio S.L, Apple, Inc., Amazon, Inc., Baidu, Inc., BioTrust ID B.V., CastleOS Software, LLC, Facebook, Google, Microsoft Corporation. Market players have adopted various strategies such as product launch, collaboration & partnership, joint venture, and acquisition to expand their foothold in the voice user interface market.
Buy Now & Get Exclusive Discount on this Report (325 Pages PDF with Insights, Charts, Tables, and Figures) at: https://www.alliedmarketresearch.com/voice-user-interface-market/purchase-options
Impact of Covid-19 Voice User Interface Market-
- The outbreak of covid-19 has increased the demand for voice assistant solutions to upcoming uncertainties. In addition, the demand for voice-controlled devices has also increased along with interactive voice response applications in residential, BFSI, and commercial sectors.
- Moreover, the demand is expected to remain constant post pandemic as well.
Thanks for reading this article; you can also get an individual chapter-wise section or region-wise report versions like North America, Europe, or Asia.
If you have any special requirements, please let us know and we will offer you the report as per your requirements.
Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
Contact:
David Correa
Portland, OR, United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research