The Voice Assistant Application Global Market Report 2023, provides comprehensive information on the voice assistant application market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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Top 5 Major Key Players Are:
Amazon Web Services
Apple
Baidu Inc.
Google LLC
IBM Corporation
In accordance with The Business Research Company’s illuminating Voice Assistant Application Global Market Report for the year 2023, we find a compelling narrative of evolution and innovation. This market segment, characterized by its robust growth, is poised to transcend the $3.43 billion mark reached in 2022, ascending to a notable $4.52 billion in 2023. This substantial surge is underpinned by a robust Compound Annual Growth Rate (CAGR) of 32.0%, marking it as a force to be reckoned with in the technology sector.
Nonetheless, it is incumbent upon us to acknowledge the overarching influence of the Russia-Ukraine conflict, which has cast a palpable shadow of uncertainty over the prospects of global economic convalescence in the post-COVID-19 era. Economic sanctions, heightened commodity prices, and disarray within global supply chains have triggered an inflationary ripple effect, impacting the pricing dynamics of goods and services and affecting markets worldwide.
Nevertheless, amidst these challenges, the voice assistant application market persists in its upward trajectory. Forecasts indicate an ascent to a market size of $13.66 billion by 2027, further substantiated by a robust CAGR of 31.8%. This trajectory underscores not only the adaptability of this technology but also its profound impact on the way we interact with digital systems and devices. The voice assistant application market thus presents a compelling narrative of growth, resilience, and innovation.
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The ascent of AI-powered voice assistants constitutes a pivotal trend within the burgeoning domain of voice assistant applications. Prominent enterprises engaged in this sector are directing their focus towards the development of AI-based voice assistants, introducing a novel dimension to user interactions with diverse business applications. An illustrative instance of this forward-thinking approach is observed in Athenahealth, a renowned US-based healthcare organization known for its network-enabled services and mobile applications. In June 2022, Athenahealth unveiled “athenaOne,” an AI-based voice assistant technology, aimed at revolutionizing the healthcare landscape.
AthenaOne emerges as a comprehensive, mobile-integrated, voice-guided digital companion. It serves to expedite information retrieval, empowering healthcare professionals to execute clinical tasks without manual intervention. This iOS-based mobile device offers doctors the opportunity to seamlessly and accurately dictate medical records, all while optimizing their interaction with patients. The introduction of AI-based voice assistants underscores the relentless pursuit of innovation, rendering the healthcare sector more efficient, and augmenting the quality of patient care.
The voice assistant application market is segmented:
1) By Component: Solutions, Services
2) By Deployment mode: On-Premises, Cloud
3) By Applications: Web Applications, Mobile Applications
4) By End-use: Banking, Financial Services, And Insurance, Healthcare, Retail And E-Commerce, Media And Entertainment, Telecom And IT, Manufacturing And Automotive, Education, Travel And Hospitality, Other End Users
North America was the largest region in the voice assistant application market in 2022.
The table of contents in TBRC’s voice assistant application market report includes:
- Executive Summary
- Voice Assistant Application Market Characteristics
- Voice Assistant Application Market Trends And Strategies
- Voice Assistant Application Market – Macro Economic Scenario
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- Voice Assistant Application Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Voice Assistant Application Market
- Voice Assistant Application Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Voice Assistant Application Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Voice Assistant Application Market, Segmentation By Deployment mode, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Voice Assistant Application Market, Segmentation By Applications, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
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Table 47: Amazon Web Services Financial Performance
Table 48: Apple Financial Performance
Table 49: Baidu Inc., Financial Performance
Table 50: Google LLC Financial Performance
Table 51: IBM Corporation Financial Performance
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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