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1093581

Europe Voice-based Payments Market Size, Share & Industry Trends Analysis Report By Component (Software and Hardware), By Organization Size, By End-use, By Country and Growth Forecast, 2022 - 2028

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Europe Voice-based Payments Market Size, Share & Industry Trends Analysis Report By Component (Software and Hardware), By Organization Size, By End-use, By Country and Growth Forecast, 2022 - 2028
Published: May 31, 2022
KBV Research
Content info: 94 Pages
Delivery time: 1-2 business days
  • Description
  • Table of Contents
  • List of Tables

The Europe Voice-based Payments Market would witness market growth of 11.4% CAGR during the forecast period (2022-2028).

Conversations with virtual assistants will eventually become less "mechanical" and closer to natural human dialogue as neuro-linguistic programming (NLP) and speech recognition capabilities advance. The next steps of speech technology development involve understanding the context of queries, identifying accents, and distinguishing distinct voices. As digital voice assistants get more advanced, they will be able to do more than just accept payments via voice. Users also are able to deal with financial institutions and handle more complex duties such as generating invoices, paying taxes, obtaining loans, and renewing insurance. All of these tasks will be voice-activated and accessible from a smartphone, wristwatch, linked car, and home system at any time.

The market is likely to increase as financial institutions and merchants continue to roll out voice-based payments to gain seamless access to personal data and better understand customer behavior. Voice-activated controls for financial and banking tasks have begun to be rolled out by mobile payment companies such as Zelle, PayPal, and Venmo. Traditional banks, such as Wells Fargo, are also incorporating conversational voice interfaces into their mobile banking apps to make it easier for their consumers to access all of their financial services.

In 2021, Germany had an 83% smartphone penetration rate and an 89% overall internet penetration rate. This is good news for the voice-based payments market in the region. Since broadband connections are widely available, the country's digital infrastructure outperforms the European average, making it a good foundation for the developing FinTech sector. FinTech companies in Germany have a wide range of financing possibilities. While corporate and private venture capitalist (VC) investments in the sector were expected to reach more than $880 billion by 2020, banks and other investors were also interested. Munich, Berlin, Frankfurt, Hamburg, and the major cities in North Rhine-Westphalia are all important FinTech hubs.

The largest FinTech subsector is digital payments via digital commerce or mobile point-of-sale (POS) payments. Digital payments in Germany are predicted to grow at a 14 percent annual rate, from $140.4 billion in 2020 to $274.8 billion in 2025, matching the global average. In addition, in 2020, the country had the highest number of digital commerce users in Europe.

The Germany market dominated the Europe Voice-based Payments Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $807.3 Million by 2028. The UK market is poised to grow at a CAGR of 10.4% during (2022 - 2028). Additionally, The France market would display a CAGR of 12.2% during (2022 - 2028).

Based on Component, the market is segmented into Software and Hardware. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on End-use, the market is segmented into BFSI, Retail, Automotive, Government & Defense, Healthcare & Life Sciences, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Google LLC, Amazon.com, Inc., Alibaba Group Holding Limited, Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Cerence, Inc., PCI Pal PLC, Paysafe Limited, NCR Corporation, PayPal Holdings, Inc., and Vibe Group (Vibe Pay Limited)

Scope of the Study

Market Segments covered in the Report:

By Component

  • Software
  • Hardware

By Organization Size

  • Large Enterprises
  • Small & Medium Enterprises

By End-use

  • BFSI
  • Retail
  • Automotive
  • Government & Defense
  • Healthcare & Life Sciences
  • Others

By Country

  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe

Companies Profiled

  • Google LLC
  • Amazon.com, Inc.
  • Alibaba Group Holding Limited
  • Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
  • Cerence, Inc.
  • PCI Pal PLC
  • Paysafe Limited
  • NCR Corporation
  • PayPal Holdings, Inc.
  • Vibe Group (Vibe Pay Limited)

Unique Offerings from KBV Research

  • Exhaustive coverage
  • Highest number of market tables and figures
  • Subscription based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Table of Contents

Chapter 1. Market Scope & Methodology

  • 1.1 Market Definition
  • 1.2 Objectives
  • 1.3 Market Scope
  • 1.4 Segmentation
    • 1.4.1 Europe Voice-based Payments Market, by Component
    • 1.4.2 Europe Voice-based Payments Market, by Organization Size
    • 1.4.3 Europe Voice-based Payments Market, by End-use
    • 1.4.4 Europe Voice-based Payments Market, by Country
  • 1.5 Methodology for the research

Chapter 2. Market Overview

  • 2.1 Introduction
    • 2.1.1 Overview
      • 2.1.1.1 Market Composition and Scenario
  • 2.2 Key Factors Impacting the Market
    • 2.2.1 Market Drivers
    • 2.2.2 Market Restraints

Chapter 3. Competition Analysis - Global

  • 3.1 Market Share Analysis, 2021
  • 3.2 Strategies Deployed in Voice-based Payments Market

Chapter 4. Europe Voice-based Payments Market by Component

  • 4.1 Europe Software Market by Country
  • 4.2 Europe Hardware Market by Country

Chapter 5. Europe Voice-based Payments Market by Organization Size

  • 5.1 Europe Large Enterprises Market by Country
  • 5.2 Europe Small & Medium Enterprises Market by Country

Chapter 6. Europe Voice-based Payments Market by End-use

  • 6.1 Europe BFSI Market by Country
  • 6.2 Europe Retail Market by Country
  • 6.3 Europe Automotive Market by Country
  • 6.4 Europe Government & Defense Market by Country
  • 6.5 Europe Healthcare & Life Sciences Market by Country
  • 6.6 Europe Others Market by Country

Chapter 7. Europe Voice-based Payments Market by Country

  • 7.1 Germany Voice-based Payments Market
    • 7.1.1 Germany Voice-based Payments Market by Component
    • 7.1.2 Germany Voice-based Payments Market by Organization Size
    • 7.1.3 Germany Voice-based Payments Market by End-use
  • 7.2 UK Voice-based Payments Market
    • 7.2.1 UK Voice-based Payments Market by Component
    • 7.2.2 UK Voice-based Payments Market by Organization Size
    • 7.2.3 UK Voice-based Payments Market by End-use
  • 7.3 France Voice-based Payments Market
    • 7.3.1 France Voice-based Payments Market by Component
    • 7.3.2 France Voice-based Payments Market by Organization Size
    • 7.3.3 France Voice-based Payments Market by End-use
  • 7.4 Russia Voice-based Payments Market
    • 7.4.1 Russia Voice-based Payments Market by Component
    • 7.4.2 Russia Voice-based Payments Market by Organization Size
    • 7.4.3 Russia Voice-based Payments Market by End-use
  • 7.5 Spain Voice-based Payments Market
    • 7.5.1 Spain Voice-based Payments Market by Component
    • 7.5.2 Spain Voice-based Payments Market by Organization Size
    • 7.5.3 Spain Voice-based Payments Market by End-use
  • 7.6 Italy Voice-based Payments Market
    • 7.6.1 Italy Voice-based Payments Market by Component
    • 7.6.2 Italy Voice-based Payments Market by Organization Size
    • 7.6.3 Italy Voice-based Payments Market by End-use
  • 7.7 Rest of Europe Voice-based Payments Market
    • 7.7.1 Rest of Europe Voice-based Payments Market by Component
    • 7.7.2 Rest of Europe Voice-based Payments Market by Organization Size
    • 7.7.3 Rest of Europe Voice-based Payments Market by End-use

Chapter 8. Company Profiles

  • 8.1 Google LLC
    • 8.1.1 Company Overview
    • 8.1.2 Financial Analysis
    • 8.1.3 Segmental and Regional Analysis
    • 8.1.4 Research & Development Expense
    • 8.1.5 Recent Strategies and Developments
      • 8.1.5.1 Product Launches and Product Expansions:
    • 8.1.6 SWOT Analysis
  • 8.2 Amazon.com, Inc.
    • 8.2.1 Company Overview
    • 8.2.2 Financial Analysis
    • 8.2.3 Segmental Analysis
    • 8.2.4 Recent strategies and developments:
      • 8.2.4.1 Product Launches and Product Expansions:
    • 8.2.5 SWOT Analysis
  • 8.3 Alibaba Group Holding Limited
    • 8.3.1 Company Overview
    • 8.3.2 Financial Analysis
    • 8.3.3 Segmental and Regional Analysis
    • 8.3.4 Recent Strategies and Developments
      • 8.3.4.1 Partnerships, Collaborations, and Agreements:
  • 8.4 Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
    • 8.4.1 Company Overview
    • 8.4.2 Financial Analysis
    • 8.4.3 Segmental and Regional Analysis
    • 8.4.4 Research & Development Expense
  • 8.5 Cerence, Inc.
    • 8.5.1 Company Overview
    • 8.5.2 Financial Analysis
    • 8.5.3 Regional Analysis
    • 8.5.4 Research & Development Expenses
    • 8.5.5 Recent strategies and developments:
      • 8.5.5.1 Partnerships, Collaborations, and Agreements:
      • 8.5.5.2 Product Launches and Product Expansions:
  • 8.6 PCI Pal PLC
    • 8.6.1 Company Overview
    • 8.6.2 Financial Analysis
    • 8.6.3 Regional Analysis
  • 8.7 Paysafe Limited
    • 8.7.1 Company Overview
    • 8.7.2 Financial Analysis
    • 8.7.3 Segmental and Regional Analysis
    • 8.7.4 Research & Development Expenses
  • 8.8 NCR Corporation
    • 8.8.1 Company Overview
    • 8.8.2 Financial Analysis
    • 8.8.3 Segmental and Regional Analysis
    • 8.8.4 Research & Development Expenses
  • 8.9 PayPal Holdings, Inc.
    • 8.9.1 Company Overview
    • 8.9.2 Financial Analysis
    • 8.9.3 Regional Analysis
    • 8.9.4 Research & Development Expense
    • 8.9.5 Recent strategies and developments:
      • 8.9.5.1 Partnerships, Collaborations, and Agreements:
      • 8.9.5.2 Acquisitions and Mergers
  • 8.10. Vibe Group (Vibe Pay Limited)
    • 8.10.1 Company Overview
    • 8.10.2 Recent strategies and developments:
      • 8.10.2.1 Product Launches and Product Expansions:

LIST OF TABLES

  • TABLE 1 Europe Voice-based Payments Market, 2018 - 2021, USD Million
  • TABLE 2 Europe Voice-based Payments Market, 2022 - 2028, USD Million
  • TABLE 3 Europe Voice-based Payments Market by Component, 2018 - 2021, USD Million
  • TABLE 4 Europe Voice-based Payments Market by Component, 2022 - 2028, USD Million
  • TABLE 5 Europe Software Market by Country, 2018 - 2021, USD Million
  • TABLE 6 Europe Software Market by Country, 2022 - 2028, USD Million
  • TABLE 7 Europe Hardware Market by Country, 2018 - 2021, USD Million
  • TABLE 8 Europe Hardware Market by Country, 2022 - 2028, USD Million
  • TABLE 9 Europe Voice-based Payments Market by Organization Size, 2018 - 2021, USD Million
  • TABLE 10 Europe Voice-based Payments Market by Organization Size, 2022 - 2028, USD Million
  • TABLE 11 Europe Large Enterprises Market by Country, 2018 - 2021, USD Million
  • TABLE 12 Europe Large Enterprises Market by Country, 2022 - 2028, USD Million
  • TABLE 13 Europe Small & Medium Enterprises Market by Country, 2018 - 2021, USD Million
  • TABLE 14 Europe Small & Medium Enterprises Market by Country, 2022 - 2028, USD Million
  • TABLE 15 Europe Voice-based Payments Market by End-use, 2018 - 2021, USD Million
  • TABLE 16 Europe Voice-based Payments Market by End-use, 2022 - 2028, USD Million
  • TABLE 17 Europe BFSI Market by Country, 2018 - 2021, USD Million
  • TABLE 18 Europe BFSI Market by Country, 2022 - 2028, USD Million
  • TABLE 19 Europe Retail Market by Country, 2018 - 2021, USD Million
  • TABLE 20 Europe Retail Market by Country, 2022 - 2028, USD Million
  • TABLE 21 Europe Automotive Market by Country, 2018 - 2021, USD Million
  • TABLE 22 Europe Automotive Market by Country, 2022 - 2028, USD Million
  • TABLE 23 Europe Government & Defense Market by Country, 2018 - 2021, USD Million
  • TABLE 24 Europe Government & Defense Market by Country, 2022 - 2028, USD Million
  • TABLE 25 Europe Healthcare & Life Sciences Market by Country, 2018 - 2021, USD Million
  • TABLE 26 Europe Healthcare & Life Sciences Market by Country, 2022 - 2028, USD Million
  • TABLE 27 Europe Others Market by Country, 2018 - 2021, USD Million
  • TABLE 28 Europe Others Market by Country, 2022 - 2028, USD Million
  • TABLE 29 Europe Voice-based Payments Market by Country, 2018 - 2021, USD Million
  • TABLE 30 Europe Voice-based Payments Market by Country, 2022 - 2028, USD Million
  • TABLE 31 Germany Voice-based Payments Market, 2018 - 2021, USD Million
  • TABLE 32 Germany Voice-based Payments Market, 2022 - 2028, USD Million
  • TABLE 33 Germany Voice-based Payments Market by Component, 2018 - 2021, USD Million
  • TABLE 34 Germany Voice-based Payments Market by Component, 2022 - 2028, USD Million
  • TABLE 35 Germany Voice-based Payments Market by Organization Size, 2018 - 2021, USD Million
  • TABLE 36 Germany Voice-based Payments Market by Organization Size, 2022 - 2028, USD Million
  • TABLE 37 Germany Voice-based Payments Market by End-use, 2018 - 2021, USD Million
  • TABLE 38 Germany Voice-based Payments Market by End-use, 2022 - 2028, USD Million
  • TABLE 39 UK Voice-based Payments Market, 2018 - 2021, USD Million
  • TABLE 40 UK Voice-based Payments Market, 2022 - 2028, USD Million
  • TABLE 41 UK Voice-based Payments Market by Component, 2018 - 2021, USD Million
  • TABLE 42 UK Voice-based Payments Market by Component, 2022 - 2028, USD Million
  • TABLE 43 UK Voice-based Payments Market by Organization Size, 2018 - 2021, USD Million
  • TABLE 44 UK Voice-based Payments Market by Organization Size, 2022 - 2028, USD Million
  • TABLE 45 UK Voice-based Payments Market by End-use, 2018 - 2021, USD Million
  • TABLE 46 UK Voice-based Payments Market by End-use, 2022 - 2028, USD Million
  • TABLE 47 France Voice-based Payments Market, 2018 - 2021, USD Million
  • TABLE 48 France Voice-based Payments Market, 2022 - 2028, USD Million
  • TABLE 49 France Voice-based Payments Market by Component, 2018 - 2021, USD Million
  • TABLE 50 France Voice-based Payments Market by Component, 2022 - 2028, USD Million
  • TABLE 51 France Voice-based Payments Market by Organization Size, 2018 - 2021, USD Million
  • TABLE 52 France Voice-based Payments Market by Organization Size, 2022 - 2028, USD Million
  • TABLE 53 France Voice-based Payments Market by End-use, 2018 - 2021, USD Million
  • TABLE 54 France Voice-based Payments Market by End-use, 2022 - 2028, USD Million
  • TABLE 55 Russia Voice-based Payments Market, 2018 - 2021, USD Million
  • TABLE 56 Russia Voice-based Payments Market, 2022 - 2028, USD Million
  • TABLE 57 Russia Voice-based Payments Market by Component, 2018 - 2021, USD Million
  • TABLE 58 Russia Voice-based Payments Market by Component, 2022 - 2028, USD Million
  • TABLE 59 Russia Voice-based Payments Market by Organization Size, 2018 - 2021, USD Million
  • TABLE 60 Russia Voice-based Payments Market by Organization Size, 2022 - 2028, USD Million
  • TABLE 61 Russia Voice-based Payments Market by End-use, 2018 - 2021, USD Million
  • TABLE 62 Russia Voice-based Payments Market by End-use, 2022 - 2028, USD Million
  • TABLE 63 Spain Voice-based Payments Market, 2018 - 2021, USD Million
  • TABLE 64 Spain Voice-based Payments Market, 2022 - 2028, USD Million
  • TABLE 65 Spain Voice-based Payments Market by Component, 2018 - 2021, USD Million
  • TABLE 66 Spain Voice-based Payments Market by Component, 2022 - 2028, USD Million
  • TABLE 67 Spain Voice-based Payments Market by Organization Size, 2018 - 2021, USD Million
  • TABLE 68 Spain Voice-based Payments Market by Organization Size, 2022 - 2028, USD Million
  • TABLE 69 Spain Voice-based Payments Market by End-use, 2018 - 2021, USD Million
  • TABLE 70 Spain Voice-based Payments Market by End-use, 2022 - 2028, USD Million
  • TABLE 71 Italy Voice-based Payments Market, 2018 - 2021, USD Million
  • TABLE 72 Italy Voice-based Payments Market, 2022 - 2028, USD Million
  • TABLE 73 Italy Voice-based Payments Market by Component, 2018 - 2021, USD Million
  • TABLE 74 Italy Voice-based Payments Market by Component, 2022 - 2028, USD Million
  • TABLE 75 Italy Voice-based Payments Market by Organization Size, 2018 - 2021, USD Million
  • TABLE 76 Italy Voice-based Payments Market by Organization Size, 2022 - 2028, USD Million
  • TABLE 77 Italy Voice-based Payments Market by End-use, 2018 - 2021, USD Million
  • TABLE 78 Italy Voice-based Payments Market by End-use, 2022 - 2028, USD Million
  • TABLE 79 Rest of Europe Voice-based Payments Market, 2018 - 2021, USD Million
  • TABLE 80 Rest of Europe Voice-based Payments Market, 2022 - 2028, USD Million
  • TABLE 81 Rest of Europe Voice-based Payments Market by Component, 2018 - 2021, USD Million
  • TABLE 82 Rest of Europe Voice-based Payments Market by Component, 2022 - 2028, USD Million
  • TABLE 83 Rest of Europe Voice-based Payments Market by Organization Size, 2018 - 2021, USD Million
  • TABLE 84 Rest of Europe Voice-based Payments Market by Organization Size, 2022 - 2028, USD Million
  • TABLE 85 Rest of Europe Voice-based Payments Market by End-use, 2018 - 2021, USD Million
  • TABLE 86 Rest of Europe Voice-based Payments Market by End-use, 2022 - 2028, USD Million
  • TABLE 87 Key Information - Google LLC
  • TABLE 88 Key Information - Amazon.com, Inc.
  • TABLE 89 Key Information - Alibaba Group Holding Limited
  • TABLE 90 key information - Huawei Technologies Co., Ltd.
  • TABLE 91 Key Information - Cerence Inc.
  • TABLE 92 Key Information - PCI Pal PLC
  • TABLE 93 Key Information - PAYSAFE LIMITED
  • TABLE 94 Key Information - NCR Corporation
  • TABLE 95 Key Information - PayPal Holdings, Inc.
  • TABLE 96 Key Information - Vibe Pay Limited

List of Figures

  • FIG 1 Methodology for the research
  • FIG 2 Market Share Analysis, 2021
  • FIG 3 SWOT Analysis: Alphabet Inc. (Google Inc.)
  • FIG 4 SWOT analysis: Amazon.com, Inc.