Asia Pacific 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

List of Tables

The Asia Pacific Voice-based Payments Market would witness market growth of 12.4% CAGR during the forecast period (2022-2028).

The success of voice payments will be determined in large part by the hardware that supports it. Voice control technology has previously been implemented in products ranging from alarm clocks to washing machines. Customers could verbally tell their refrigerator to fill up on supermarket staples or direct their washing machine to buy their favorite detergent as these devices become capable of processing financial transactions.

Voice assistants made their mainstream debut in early 2011. The voice revolution began with IBM's Watson winning the television quiz program Jeopardy! followed by Apple's launch of Siri. Few could have guessed how popular chatting to an inanimate object would become at the time. Voice assistants are now found in a wide range of gadgets. Voice assistants are defined as AI-powered technology that accepts and responds to user requests and questions using natural language processing. Almost every new type of product today has some form of speech capabilities, from smartphones to smart speakers, showerheads, light bulbs, watches, autos, and household appliances.

The Digital India program is the government of India's flagship initiative, with the goal of transforming India into a digitally enabled society and knowledge economy. One of Digital India's stated goals is to be "faceless, paperless, and cashless." The Government of India has made digital payment promotion a top priority in order to bring every segment of the country into the formal fold of digital payment services. The vision is to deliver seamless digital payment services to all Indian people in a way that is accessible, easy, affordable, quick, and secure. With the implementation of Unified Payments Interface (UPI), digital payments in the nation became a norm. The rise of payment apps such as PayTM, Google Pay, PhonePe, etc., made the digital economy a burgeoning reality. The rise of the digital payments sector in the region has prepared a solid base for the adoption of voice-based payments systems in the upcoming years. India has also seen the growth of many online delivery companies like Swiggy, Zepto, etc., making it an ideal scenario for the proliferation of voice-based payments in the near future.

The China market dominated the Asia Pacific Voice-based Payments Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $999.6 Million by 2028. The Japan market is anticipated to grow at a CAGR of 11.8% during (2022 - 2028). Additionally, The India market would showcase a CAGR of 13.1% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

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

China
Japan
India
South Korea
Singapore
Malaysia
Rest of Asia Pacific

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)

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Chapter 1. Market Scope & Methodology

1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
- 1.4.1 Asia Pacific Voice-based Payments Market, by Component
- 1.4.2 Asia Pacific Voice-based Payments Market, by Organization Size
- 1.4.3 Asia Pacific Voice-based Payments Market, by End-use
- 1.4.4 Asia Pacific 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. Asia Pacific Voice-based Payments Market by Component

4.1 Asia Pacific Software Market by Country
4.2 Asia Pacific Hardware Market by Country

Chapter 5. Asia Pacific Voice-based Payments Market by Organization Size

5.1 Asia Pacific Large Enterprises Market by Country
5.2 Asia Pacific Small & Medium Enterprises Market by Country

Chapter 6. Asia Pacific Voice-based Payments Market by End-use

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

Chapter 7. Asia Pacific Voice-based Payments Market by Country

7.1 China Voice-based Payments Market
- 7.1.1 China Voice-based Payments Market by Component
- 7.1.2 China Voice-based Payments Market by Organization Size
- 7.1.3 China Voice-based Payments Market by End-use
7.2 Japan Voice-based Payments Market
- 7.2.1 Japan Voice-based Payments Market by Component
- 7.2.2 Japan Voice-based Payments Market by Organization Size
- 7.2.3 Japan Voice-based Payments Market by End-use
7.3 India Voice-based Payments Market
- 7.3.1 India Voice-based Payments Market by Component
- 7.3.2 India Voice-based Payments Market by Organization Size
- 7.3.3 India Voice-based Payments Market by End-use
7.4 South Korea Voice-based Payments Market
- 7.4.1 South Korea Voice-based Payments Market by Component
- 7.4.2 South Korea Voice-based Payments Market by Organization Size
- 7.4.3 South Korea Voice-based Payments Market by End-use
7.5 Singapore Voice-based Payments Market
- 7.5.1 Singapore Voice-based Payments Market by Component
- 7.5.2 Singapore Voice-based Payments Market by Organization Size
- 7.5.3 Singapore Voice-based Payments Market by End-use
7.6 Malaysia Voice-based Payments Market
- 7.6.1 Malaysia Voice-based Payments Market by Component
- 7.6.2 Malaysia Voice-based Payments Market by Organization Size
- 7.6.3 Malaysia Voice-based Payments Market by End-use
7.7 Rest of Asia Pacific Voice-based Payments Market
- 7.7.1 Rest of Asia Pacific Voice-based Payments Market by Component
- 7.7.2 Rest of Asia Pacific Voice-based Payments Market by Organization Size
- 7.7.3 Rest of Asia Pacific 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 Asia Pacific Voice-based Payments Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Voice-based Payments Market, 2022 - 2028, USD Million
TABLE 3 Asia Pacific Voice-based Payments Market by Component, 2018 - 2021, USD Million
TABLE 4 Asia Pacific Voice-based Payments Market by Component, 2022 - 2028, USD Million
TABLE 5 Asia Pacific Software Market by Country, 2018 - 2021, USD Million
TABLE 6 Asia Pacific Software Market by Country, 2022 - 2028, USD Million
TABLE 7 Asia Pacific Hardware Market by Country, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Hardware Market by Country, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Voice-based Payments Market by Organization Size, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Voice-based Payments Market by Organization Size, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Large Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Large Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Small & Medium Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Small & Medium Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Voice-based Payments Market by End-use, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Voice-based Payments Market by End-use, 2022 - 2028, USD Million
TABLE 17 Asia Pacific BFSI Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific BFSI Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Retail Market by Country, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Retail Market by Country, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Automotive Market by Country, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Automotive Market by Country, 2022 - 2028, USD Million
TABLE 23 Asia Pacific Government & Defense Market by Country, 2018 - 2021, USD Million
TABLE 24 Asia Pacific Government & Defense Market by Country, 2022 - 2028, USD Million
TABLE 25 Asia Pacific Healthcare & Life Sciences Market by Country, 2018 - 2021, USD Million
TABLE 26 Asia Pacific Healthcare & Life Sciences Market by Country, 2022 - 2028, USD Million
TABLE 27 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 28 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 29 Asia Pacific Voice-based Payments Market by Country, 2018 - 2021, USD Million
TABLE 30 Asia Pacific Voice-based Payments Market by Country, 2022 - 2028, USD Million
TABLE 31 China Voice-based Payments Market, 2018 - 2021, USD Million
TABLE 32 China Voice-based Payments Market, 2022 - 2028, USD Million
TABLE 33 China Voice-based Payments Market by Component, 2018 - 2021, USD Million
TABLE 34 China Voice-based Payments Market by Component, 2022 - 2028, USD Million
TABLE 35 China Voice-based Payments Market by Organization Size, 2018 - 2021, USD Million
TABLE 36 China Voice-based Payments Market by Organization Size, 2022 - 2028, USD Million
TABLE 37 China Voice-based Payments Market by End-use, 2018 - 2021, USD Million
TABLE 38 China Voice-based Payments Market by End-use, 2022 - 2028, USD Million
TABLE 39 Japan Voice-based Payments Market, 2018 - 2021, USD Million
TABLE 40 Japan Voice-based Payments Market, 2022 - 2028, USD Million
TABLE 41 Japan Voice-based Payments Market by Component, 2018 - 2021, USD Million
TABLE 42 Japan Voice-based Payments Market by Component, 2022 - 2028, USD Million
TABLE 43 Japan Voice-based Payments Market by Organization Size, 2018 - 2021, USD Million
TABLE 44 Japan Voice-based Payments Market by Organization Size, 2022 - 2028, USD Million
TABLE 45 Japan Voice-based Payments Market by End-use, 2018 - 2021, USD Million
TABLE 46 Japan Voice-based Payments Market by End-use, 2022 - 2028, USD Million
TABLE 47 India Voice-based Payments Market, 2018 - 2021, USD Million
TABLE 48 India Voice-based Payments Market, 2022 - 2028, USD Million
TABLE 49 India Voice-based Payments Market by Component, 2018 - 2021, USD Million
TABLE 50 India Voice-based Payments Market by Component, 2022 - 2028, USD Million
TABLE 51 India Voice-based Payments Market by Organization Size, 2018 - 2021, USD Million
TABLE 52 India Voice-based Payments Market by Organization Size, 2022 - 2028, USD Million
TABLE 53 India Voice-based Payments Market by End-use, 2018 - 2021, USD Million
TABLE 54 India Voice-based Payments Market by End-use, 2022 - 2028, USD Million
TABLE 55 South Korea Voice-based Payments Market, 2018 - 2021, USD Million
TABLE 56 South Korea Voice-based Payments Market, 2022 - 2028, USD Million
TABLE 57 South Korea Voice-based Payments Market by Component, 2018 - 2021, USD Million
TABLE 58 South Korea Voice-based Payments Market by Component, 2022 - 2028, USD Million
TABLE 59 South Korea Voice-based Payments Market by Organization Size, 2018 - 2021, USD Million
TABLE 60 South Korea Voice-based Payments Market by Organization Size, 2022 - 2028, USD Million
TABLE 61 South Korea Voice-based Payments Market by End-use, 2018 - 2021, USD Million
TABLE 62 South Korea Voice-based Payments Market by End-use, 2022 - 2028, USD Million
TABLE 63 Singapore Voice-based Payments Market, 2018 - 2021, USD Million
TABLE 64 Singapore Voice-based Payments Market, 2022 - 2028, USD Million
TABLE 65 Singapore Voice-based Payments Market by Component, 2018 - 2021, USD Million
TABLE 66 Singapore Voice-based Payments Market by Component, 2022 - 2028, USD Million
TABLE 67 Singapore Voice-based Payments Market by Organization Size, 2018 - 2021, USD Million
TABLE 68 Singapore Voice-based Payments Market by Organization Size, 2022 - 2028, USD Million
TABLE 69 Singapore Voice-based Payments Market by End-use, 2018 - 2021, USD Million
TABLE 70 Singapore Voice-based Payments Market by End-use, 2022 - 2028, USD Million
TABLE 71 Malaysia Voice-based Payments Market, 2018 - 2021, USD Million
TABLE 72 Malaysia Voice-based Payments Market, 2022 - 2028, USD Million
TABLE 73 Malaysia Voice-based Payments Market by Component, 2018 - 2021, USD Million
TABLE 74 Malaysia Voice-based Payments Market by Component, 2022 - 2028, USD Million
TABLE 75 Malaysia Voice-based Payments Market by Organization Size, 2018 - 2021, USD Million
TABLE 76 Malaysia Voice-based Payments Market by Organization Size, 2022 - 2028, USD Million
TABLE 77 Malaysia Voice-based Payments Market by End-use, 2018 - 2021, USD Million
TABLE 78 Malaysia Voice-based Payments Market by End-use, 2022 - 2028, USD Million
TABLE 79 Rest of Asia Pacific Voice-based Payments Market, 2018 - 2021, USD Million
TABLE 80 Rest of Asia Pacific Voice-based Payments Market, 2022 - 2028, USD Million
TABLE 81 Rest of Asia Pacific Voice-based Payments Market by Component, 2018 - 2021, USD Million
TABLE 82 Rest of Asia Pacific Voice-based Payments Market by Component, 2022 - 2028, USD Million
TABLE 83 Rest of Asia Pacific Voice-based Payments Market by Organization Size, 2018 - 2021, USD Million
TABLE 84 Rest of Asia Pacific Voice-based Payments Market by Organization Size, 2022 - 2028, USD Million
TABLE 85 Rest of Asia Pacific Voice-based Payments Market by End-use, 2018 - 2021, USD Million
TABLE 86 Rest of Asia Pacific 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.

Asia Pacific 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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