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Global Voice Assistant Landscape Market (2018-2023) with Apple, Google, Microsoft, and Motorola Dominating - ResearchAndMarkets.com

May 14, 2018

DUBLIN--(BUSINESS WIRE)--May 14, 2018--The “Global Voice Assistant Landscape Market - Segmented by Application, End-user Industry, and Region - Growth, Trends, and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.

Growing popularity of voice assistants are mainly due to changing lifestyle and preferences of people, convenience in terms of providing better content and acting as a curator for various activities, along with providing an emotional touch to the consumers.

Growing Adoption of Smart Homes

The use of voice assistance is seen in smart home appliances as it can communicate and has emerged as an effective solution to save energy, thus, minimizing energy costs. Revenue from smart homes adoption is expected to grow at a rate of 25% during the forecast period. Major factors, such as rising purchasing power and changing lifestyles of people are driving the demand for smart home appliances worldwide. Alexa is Amazon’s voice service adopted by consumers to control smart home devices, such as cameras, door locks, entertainment systems, lighting, and thermostats.

BFSI - The Highest Growing Segment

The increase in consumer usage of voice-based assistants in banking system is mainly due to highly personalized uses to make consumers easy, apart from saving time. Moreover, it makes banking more comprehensive especially for the visually impaired, giving them more freedom in day-to-day banking. U.S. banks became the first to allow customers to use Amazon echo to check their balance, obtain the transaction history, and make credit-card payments thus, making them more customer-centric.

Key Developments in Market

January 2018: Google joined with Sony and Lenovo for smart speakers with voice-controlled assistance in order to challenge Amazon’s dominance in emerging market October 2017: Motorola integrated with Amazon Alexa for providing better voice-controlled convenient functionalities

Major Players

Apple Google Microsoft Corporation Motorola Corporation

Other Prominent Players

Sony Corporation

Key Topics Covered

1. Introduction

2. Research Approach and Methodology

3. Executive Summary

4. Market Dynamics

5. Global Voice Assistant Landscape Market Segmentation

6. Competitive Intelligence - Company Profiles

7. Investment Analysis

8. Future Outlook of Voice Assistant Landscape Market

For more information about this report visit https://www.researchandmarkets.com/research/chksts/global_voice?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180514006122/en/

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Related Topics:Artificial Intelligence

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY SOFTWARE

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 05/14/2018 01:24 PM/DISC: 05/14/2018 01:24 PM

http://www.businesswire.com/news/home/20180514006122/en

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