Market Research Report
Voice User Interface Market by Offering, Application, Industry Vertical : Global Opportunity Analysis and Industry Forecast, 2021-2030
|Voice User Interface Market by Offering, Application, Industry Vertical : Global Opportunity Analysis and Industry Forecast, 2021-2030|
Published: July 1, 2021
Allied Market Research
Content info: 325 Pages
Delivery time: 2-3 business days
Voice user interface is a technology that allows users to operate a computer and digital application through voice commands. Surge in trends such as development in web services & IoT technology, artificial intelligence, and automatic speech recognition & natural language understanding technology is driving the growth of the voice user interface market.
Increase in penetration of the internet of Things-based digital home applications and high demand for self-service applications act as the key driving forces of the global voice user interface market. However, rise in concerns regarding data or information privacy related to voice user interface-enabled devices is acting as a prime restraint of the global market. Conversely, development in artificial intelligence technology and surge in demand for voice user interface-based navigation system technology in the automotive sector are anticipated to provide lucrative opportunities for the expansion of the voice user interface market industry during the forecast period.
The global voice user interface market is segmented into offering, application, IVR deployment mode, industry vertical, and region. On the basis of offering, the market is fragmented into solution and service. The applications covered in the study include smart speaker, interactive voice response, voice controlled devices, smartphone & tablets, and others. By IVR deployment mode, the market is bifurcated into on-premises and cloud. Depending on industry vertical, it is fragmented into BFSI, retail & e-commerce, consumer electronics, automotive & transportation, healthcare & life science, travel & hospitality, government & defense, and others.
The key players operating in the market include Advanced Voice Recognition Systems, Inc., Agnitio S.L, Apple, Inc., Amazon, Inc., Baidu, Inc., BioTrust ID B.V., CastleOS Software, LLC, Facebook, Google, and Microsoft Corporation.