Market overview:

The globe voice assistant market The size is expected to reach USD 30.74 billion during the forecast period by registering a CAGR of 31.2%. A voice assistant is a digital assistant that uses artificial intelligence, machine learning, and voice recognition technology to assist. It can interpret and respond to human voice commands and assist with common tasks like booking an appointment, ordering physical things online, and sending messages hands-free. The market is expected to grow due to rising popularity of connected devices, increasing adoption of smart homes, increasing number of voice searches and high demand for self-service applications.

Voice technology was primed to expand the market prior to the COVID-19 pandemic with a steady growth rate of voice-enabled devices sold per population. Consumers are staying home more, looking for new ways to entertain themselves, while frontline healthcare workers continue to seek protection and new ways of working. For example, China has developed a voice robot that can collect and verify personal information such as identity, health status and location in five minutes instead of two to three hours manually.

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market segmentation

Based on technology, the global voice assistant market is segmented into natural language processing, speech/speech recognition and text-to-speech recognition.

Based on the hardware products, the market is segmented into smart speakers and personal assistants, laptops, smartphones and tablets, set-top boxes (including remote control with microphone and far-field microphone), and others – PC, wearables and healthcare.

Based on Application, voice assistants market is segmented into messenger bots, websites, contact centers and others.

Based on end user, the global voice assistant market is segmented into individual users, large…