The report is titled as ‘Voice User Interface Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the voice user interface market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. Voice user interface market is expected to grow at a significant rate in the near future.
The global voice user interface market in 2020 is estimated for more than US$ 14.6 Bn and expected to reach a value of US$ 53.3 Bn by 2028 with a significant CAGR of 17.6%.
Voice User Interface Market Dynamics
Advancement in technology and increase in the adoption rate of advanced electronic devices with the availability of voice biometrics is the key factor driving the global voice user interface market. In terms of security, the voice-activated biometrics are used which are mainly offers access to unauthorized users for making transactions or any other suspicious activity is also flourishing the target market.
Further, the growing demand for voice-driven navigation systems and in-car information systems is also promoting the growth of the voice user interface market globally. Additionally, strict government rules and regulations for the use of mobiles during driving also drives the global voice user interface market.
Furthermore, voice recognition technology which is used in smartphones helps healthcare experts to convert their voice into a clinical description in detail and recorded in EHR systems and in turn helps the patients, further thriving the target market.
Voice User Interface Market Segmentation
Voice user interface market is segmented on the basis of technology, industry vertical, and by region.
By Technology
AI-Based
Non-AI Based
By Industry Vertical
Automotive
BFSI
Consumer
Education
Enterprise
Government
Healthcare
Legal
Military
Retail
Others
By Region
North America
Europe
Asia Pacific
Latin America
Middle East
Africa
Voice User Interface Market Device Software Overview
In the global voice user interface market, there is 4 software which are Android OS, Microsoft Windows, iOS, Amazon Alexa. Android OS is developed by Google which has introduced Google Assistance and Amazon Echo. Microsoft Windows has introduced Cortana which has a windows 10 operating system. iOS is developed by Apple which has introduced Siri as the voice command which also works with Bluetooth and headphones.
Amazon Alexa is a smart voice user interface device that works with amazon and controls all the home appliances. For instance, in July 2019, the NHS is collaborating with Amazon to provide reliable health information from the NHS website through voice-assisted technology that will help patients, especially the elderly, blind.
Also, educators are making increased use of Amazon Alexa, Google Home, Apple Siri, and Microsoft Cortana voice assistants in the classroom environment to provide students a chance to interact with educational material instead of interacting with teachers. Also, in May 2019, Microsoft’s Cortana is going to develop a new conversational engine helping it to become an intelligent agent with a much better understanding of the context.
Voice User Interface Market Competitive Landscape
Some of the key participating players in global voice user interface market are Agnitio S.L., Advanced Voice Recognition Systems, Inc., Apple, Inc., Baidu, Inc., Amazon, Inc., BioTrust ID B.V., CastleOS Software, LLC, Facebook, Inc., Google, Inc. and Microsoft Corporation.
Voice User Interface Market Regional Segmentation
On the basis of region, the voice user interface market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.
MMC Overview on Voice User Interface Market Report
The non-identical approach of Meridian Market Consultants stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give better opportunity for the customers to put their effort.
A research report on the Voice User Interface market by Meridian Market Consultants is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that supports market and the factors that are acting as impedance for the growth of the market.
Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.
Factors that are benchmarked while estimating the market
Various factors that are benchmarked while estimating the market growth includes (but not restricted to):
• New product designs and launches
• Current product compliance
• Reimbursement
• Concerns for use of Voice User Interface
• Advantages of Voice User Interface
Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to take informed decision.
A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s products sales, previous growth rates and market expansion plans are considered to generate market share in the global market.
1. Global Voice User Interface Market Report Overview
1.1. Introduction
1.2. Report Description
1.3. Methodology
2. Global Voice User Interface Market Overview
2.1. Introduction
2.1.1. Market Definition
2.1.2. Market Taxonomy
2.2. Executive Summary
2.3. Global Voice User Interface Market Snapshot
2.4. Global Voice User Interface Market Size and Forecast, 2020–2028
2.4.1. Introduction
2.4.2. Market Value Forecast and Annual Growth Rate (AGR) Comparison (2020–2028)
2.5. Global Voice User Interface Market Dynamics
2.5.1. Drivers
2.5.2. Restraints
2.5.3. Opportunity
2.5.4. Trends
2.6. Key Regulations
2.7. Porter’s Five Forces Model
3. Global Voice User Interface Market, By Technology
3.1. Introduction
3.1.1. Annual Growth Rate Comparison, By Technology
3.1.2. BPS Analysis, By Technology
3.2. Market Revenue (US$Mn) Forecast, By Technology
3.2.1. AI-Based
3.2.2. Non-AI Based
3.3. Global Voice User Interface Market Attractiveness Index, By Technology
4. Global Voice User Interface Market, By Industry Vertical
4.1. Introduction
4.1.1. Annual Growth Rate Comparison, By Industry Vertical
4.1.2. BPS Analysis, By Industry Vertical
4.2. Market Revenue (US$Mn) Forecast, By Industry Vertical
4.2.1. Automotive
4.2.2. BFSI
4.2.3. Consumer
4.2.4. Education
4.2.5. Enterprise
4.2.6. Government
4.2.7. Healthcare
4.2.8. Legal
4.2.9. Military
4.2.10. Retail
4.2.11. Others
4.3. Global Voice User Interface Market Attractiveness Index, By Industry Vertical
5. Global Voice User Interface Market, By Region
5.1. Introduction
5.1.1. Annual Growth Rate Comparison, By Region
5.1.2. BPS Analysis, By Region
5.2. Market Revenue (US$Mn) Forecast, By Region
5.2.1. North America
5.2.2. Latin America
5.2.3. Europe
5.2.4. Asia Pacific
5.2.5. Middle East
5.2.6. Africa
5.3. Global Voice User Interface Market Attractiveness Index, By Region
6. North America Voice User Interface Market Analysis and Forecast, 2020–2028
6.1. Introduction
6.1.1. Annual Growth Rate Comparison, By Country
6.1.2. BPS Analysis, By Country
6.2. Market Revenue (US$Mn) Forecast, By Country
6.2.1. U.S. Voice User Interface Market
6.2.2. Canada Voice User Interface Market
6.3. North America Voice User Interface Market, By Technology
6.3.1. AI-Based
6.3.2. Non-AI Based
6.4. North America Voice User Interface Market, By Industry Vertical
6.4.1. Automotive
6.4.2. BFSI
6.4.3. Consumer
6.4.4. Education
6.4.5. Enterprise
6.4.6. Government
6.4.7. Healthcare
6.4.8. Legal
6.4.9. Military
6.4.10. Retail
6.4.11. Others
6.5. North America Voice User Interface Market Attractiveness Index
6.5.1. By Country
6.5.2. By Technology
6.5.3. By Industry Vertical
7. Latin America Voice User Interface Market Analysis and Forecast, 2020–2028
7.1. Introduction
7.1.1. Annual Growth Rate Comparison, By Country
7.1.2. BPS Analysis, By Country
7.2. Market (US$Mn) Forecast, By Country
7.2.1. Brazil Voice User Interface Market
7.2.2. Mexico Voice User Interface Market
7.2.3. Argentina Voice User Interface Market
7.2.4. Rest of Latin America Voice User Interface Market
7.3. Latin America Voice User Interface Market, By Technology
7.3.1. AI-Based
7.3.2. Non-AI Based
7.4. Latin America Voice User Interface Market, By Industry Vertical
7.4.1. Automotive
7.4.2. BFSI
7.4.3. Consumer
7.4.4. Education
7.4.5. Enterprise
7.4.6. Government
7.4.7. Healthcare
7.4.8. Legal
7.4.9. Military
7.4.10. Retail
7.4.11. Others
7.5. Latin America Voice User Interface Market Attractiveness Index
7.5.1. By Country
7.5.2. By Technology
7.5.3. By Industry Vertical
8. Europe Voice User Interface Market Analysis and Forecast, 2020–2028
8.1. Introduction
8.1.1. Annual Growth Rate Comparison, By Country
8.1.2. BPS Analysis, By Country
8.2. Market (US$Mn) Forecast, By Country
8.2.1. U.K. Voice User Interface Market
8.2.2. Germany Voice User Interface Market
8.2.3. Italy Voice User Interface Market
8.2.4. France Voice User Interface Market
8.2.5. Spain Voice User Interface Market
8.2.6. Russia Voice User Interface Market
8.2.7. Poland Voice User Interface Market
8.2.8. BENELUX Voice User Interface Market
8.2.9. NORDIC Voice User Interface Market
8.2.10. Rest of Europe Voice User Interface Market
8.3. Europe Voice User Interface Market, By Technology
8.3.1. AI-Based
8.3.2. Non-AI Based
8.4. Europe Voice User Interface Market, By Industry Vertical
8.4.1. Automotive
8.4.2. BFSI
8.4.3. Consumer
8.4.4. Education
8.4.5. Enterprise
8.4.6. Government
8.4.7. Healthcare
8.4.8. Legal
8.4.9. Military
8.4.10. Retail
8.4.11. Others
8.5. Europe Voice User Interface Market Attractiveness Index
8.5.1. By Country
8.5.2. By Technology
8.5.3. By Industry Vertical
9. Asia Pacific Voice User Interface Market Analysis and Forecast, 2020–2028
9.1. Introduction
9.1.1. Annual Growth Rate Comparison, By Country
9.1.2. BPS Analysis, By Country
9.2. Market (US$Mn) Forecast, By Country
9.2.1. China Voice User Interface Market
9.2.2. India Voice User Interface Market
9.2.3. Japan Voice User Interface Market
9.2.4. Australia and New Zealand Voice User Interface Market
9.2.5. South Korea Voice User Interface Market
9.2.6. ASEAN Voice User Interface Market
9.2.7. Rest of Asia Pacific Voice User Interface Market
9.3. Asia Pacific Voice User Interface Market, By Technology
9.3.1. AI-Based
9.3.2. Non-AI Based
9.4. Asia Pacific Voice User Interface Market, By Industry Vertical
9.4.1. Automotive
9.4.2. BFSI
9.4.3. Consumer
9.4.4. Education
9.4.5. Enterprise
9.4.6. Government
9.4.7. Healthcare
9.4.8. Legal
9.4.9. Military
9.4.10. Retail
9.4.11. Others
9.5. Asia Pacific Voice User Interface Market Attractiveness Index
9.5.1. By Country
9.5.2. By Technology
9.5.3. By Industry Vertical
10. Middle East Voice User Interface Market, By Region
10.1. Introduction
10.1.1. Annual Growth Rate Comparison, By Country
10.1.2. BPS Analysis, By Country
10.2. Market (US$Mn) Forecast, By Country
10.2.1. GCC Countries Voice User Interface Market
10.2.2. Israel Voice User Interface Market
10.2.3. Oman Voice User Interface Market
10.2.4. Rest of Middle East Voice User Interface Market
10.3. Middle East Voice User Interface Market, By Technology
10.3.1. AI-Based
10.3.2. Non-AI Based
10.4. Middle East Voice User Interface Market, By Industry Vertical
10.4.1. Automotive
10.4.2. BFSI
10.4.3. Consumer
10.4.4. Education
10.4.5. Enterprise
10.4.6. Government
10.4.7. Healthcare
10.4.8. Legal
10.4.9. Military
10.4.10. Retail
10.4.11. Others
10.5. Middle East Voice User Interface Market Attractiveness Index
10.5.1. By Country
10.5.2. By Technology
10.5.3. By Industry Vertical
11. Africa Voice User Interface Market, By Region
11.1. Introduction
11.1.1. Annual Growth Rate Comparison, By Country
11.1.2. BPS Analysis, By Country
11.2. Market (US$Mn) Forecast, By Country
11.2.1. South Africa Voice User Interface Market
11.2.2. Egypt Voice User Interface Market
11.2.3. North Africa Voice User Interface Market
11.2.4. Rest of Africa Voice User Interface Market
11.3. Africa Voice User Interface Market, By Technology
11.3.1. AI-Based
11.3.2. Non-AI Based
11.4. Africa Voice User Interface Market, By Industry Vertical
11.4.1. Automotive
11.4.2. BFSI
11.4.3. Consumer
11.4.4. Education
11.4.5. Enterprise
11.4.6. Government
11.4.7. Healthcare
11.4.8. Legal
11.4.9. Military
11.4.10. Retail
11.4.11. Others
11.5. Africa Voice User Interface Market Attractiveness Index
11.5.1. By Country
11.5.2. By Technology
11.5.3. By Industry Vertical
12. Recommendation
12.1. Market Strategy
13. Competitive Landscape
13.1. Competition Dashboard
13.2. List and Company Overview of Global Key Players
13.3. Company Profiles
13.3.1. Agnitio S.L.
13.3.1.1. Company Overview
13.3.1.2. Financial Overview
13.3.1.3. Component Portfolio
13.3.1.4. Key Developments
13.3.1.5. Business Strategies
13.3.2. Advanced Voice Recognition Systems, Inc.
13.3.3. Apple, Inc.
13.3.4. Baidu, Inc.
13.3.5. Amazon, Inc.
13.3.6. BioTrust ID B.V.
13.3.7. CastleOS Software, LLC
13.3.8. Facebook, Inc.
13.3.9. Google, Inc.
13.3.10. Microsoft Corporation
14. Acronyms
Frequently Asked Questions
What is the projected market size & Compound Annual Growth Rate (CAGR) of the market?
The global voice user interface market in 2020 is estimated for more than US$ 14.6 Bn and expected to reach a value of US$ 53.3 Bn by 2028 with a significant CAGR of 17.6%.
What are the key factors driving the growth of market?
Advancement in technology and increase in the adoption rate of advanced electronic devices with the availability of voice biometrics are the key factors driving the global voice user interface market.
What segments are covered in market report?
Voice user interface market is segmented on the basis of technology, industry vertical, and by region
What are the key participating players in the market?
Some of the key participating players in global voice user interface market are Agnitio S.L., Advanced Voice Recognition Systems, Inc., Apple, Inc., Baidu, Inc., Amazon, Inc., BioTrust ID B.V., CastleOS Software, LLC, Facebook, Inc., Google, Inc. and Microsoft Corporation.
