A recent report issued by Reports & Insights titled “Voice User Interface Market: Opportunity Analysis and Future Assessment 2023-2030” outlines the market size, potential and deep understanding of the statistics geared towards the development of the respective market in an absolute meticulous and thorough manner. The base year considered for the study is 2021, and the market size is projected from 2023-2030. To make it more intriguing, the report further mentions extensive know-how of the market, conceptual framework, and prevailing trends of the market along with the precise textual and graphical representation over the forecast period 2023-2030, developed by the acknowledged market expertise using verified research methodologies and proven analytical approaches.
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%.
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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.
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Voice User Interface Market Segmentation
Voice user interface market is segmented on the basis of technology, industry vertical, and by region.
- Non-AI Based
By Industry Vertical
- North America
- Asia Pacific
- Latin America
- Middle East
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.
R&I Overview on Voice User Interface Market Report
The non-identical approach of Reports and Insights 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 Reports and Insights 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.
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