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Report
Voice User Interface Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032
Market Report I 2024-07-16 I 210 Pages I Global Market Insights
Global Voice User Interface Market share will garner around 20% CAGR from 2024 to 2032, fueled by advancements in AI and natural language processing (NLP), coupled with rising consumer demand for hands-free control. Improved AI and NLP technologies enhance the accuracy and functionality of voice recognition systems, enabling more natural and effective interactions.
Also, the growing preference for voice-activated control in various applications-from smart home devices to mobile apps-drives widespread adoption of VUI solutions. These trends contribute to a more intuitive and efficient user experience and will foster market growth.
Hume AI unveiled the Empathic Voice Interface (EVI) this year, a conversational AI with emotional intelligence. EVI differentiates itself by understanding the user's tone of voice, enriching interactions, and customizing responses based on emotional context. This development implies a shift towards more nuanced and responsive voice interactions, enhancing the user experience by tailoring responses based on emotional context.
The incorporation of emotional intelligence into VUI technology indicates growing market demand for more sophisticated and human-like voice interactions, pushing the industry toward greater personalization and improved engagement in both consumer and enterprise applications.
The voice user interface industry is divided on the basis of offering, application, end-user industry, deployment, and region.
The voice-controlled devices segment will experience a marked upturn through 2032, propelled by the increasing adoption of smart home technologies and personal assistants. Devices such as smart speakers, voice-activated appliances, and home automation systems leverage VUI to offer hands-free control and enhance user convenience. The growing demand for connected and intuitive home environments drives innovation in this segment, leading to widespread integration of voice technology across various consumer electronics and home systems.
The automotive segment will offer noteworthy traction to the voice user interface industry between 2024 and 2032, with the integration of voice technology in vehicles. These systems allow drivers to manage navigation, communication, and entertainment functions hands-free, reducing distractions and improving the overall driving experience. As automotive manufacturers continue to innovate and incorporate smart technologies, there will be higher demand for sophisticated VUI solutions in vehicles.
Asia Pacific voice user interface market will achieve a remarkable share from 2024 to 2032, attributed to its rapid technological advancements and growing adoption of smart devices. The surge in digital transformation across diverse industries, coupled with increasing consumer demand for voice-enabled solutions, drives market growth. Additionally, significant investments in AI and IoT technologies bolster the development of sophisticated VUI systems. The expanding tech ecosystem regionwide and high smartphone penetration make it a primary contributor to the global voice user interface industry.
Report Content
Chapter 1 Methodology and Scope
1.1 Market scope and definition
1.2 Base estimates and calculations
1.3 Forecast calculation
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Industry 360synopsis, 2021 - 2032
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.2 Vendor matrix
3.3 Profit margin analysis
3.4 Technology and innovation landscape
3.5 Patent analysis
3.6 Key news and initiatives
3.7 Regulatory landscape
3.8 Impact forces
3.8.1 Growth drivers
3.8.1.1 Integration with IoT devices
3.8.1.2 Advancements in AI and NLP technologies
3.8.1.3 Increasing demand for hands-free operation
3.8.1.4 Rising popularity of voice assistants
3.8.1.5 Increasing adoption of smart devices
3.8.2 Industry pitfalls and challenges
3.8.2.1 Speech accuracy and recognition issues
3.8.2.2 Privacy and security concerns
3.9 Growth potential analysis
3.10 Porter's analysis
3.10.1 Supplier power
3.10.2 Buyer power
3.10.3 Threat of new entrants
3.10.4 Threat of substitutes
3.10.5 Industry rivalry
3.11 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
Chapter 5 Market Estimates and Forecast, By Offering, 2021 - 2032 (USD Million)
5.1 Solution
5.2 Services
Chapter 6 Market Estimates and Forecast, By Application, 2021 - 2032 (USD Million)
6.1 Smart speakers
6.2 Interactive voice response
6.3 Voice-controlled devices
6.4 Smartphones and tablets
6.5 Wearables
6.6 In-car systems
6.7 Others
Chapter 7 Market Estimates and Forecast, By End-User industry, 2021 - 2032 (USD Million)
7.1 Retail and e-commerce
7.2 Automotive
7.3 Healthcare
7.4 Banking, financial services, and insurance (BFSI)
7.5 Telecommunications
7.6 Education
7.7 Hospitality
7.8 Others
Chapter 8 Market Estimates and Forecast, By Deployment, 2021 - 2032 (USD Million)
8.1 On-premises
8.2 Cloud
8.2.1 Public
8.2.2 Private
8.2.3 Hybrid
Chapter 9 Market Estimates and Forecast, By Region, 2021 - 2032 (USD Million)
9.1 Key trends
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.3 Europe
9.3.1 UK
9.3.2 Germany
9.3.3 France
9.3.4 Italy
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.2 India
9.4.3 Japan
9.4.4 South Korea
9.4.5 ANZ
9.4.6 Rest of Asia Pacific
9.5 Latin America
9.5.1 Brazil
9.5.2 Mexico
9.5.3 Rest of Latin America
9.6 MEA
9.6.1 UAE
9.6.2 South Africa
9.6.3 Saudi Arabia
9.6.4 Rest of MEA
Chapter 10 Company Profiles
10.1 Aiva, Inc.
10.2 Alibaba
10.3 Amazon
10.4 Apple
10.5 Baidu
10.6 Cantab Research Limited
10.7 Cerence, Inc.
10.8 Cisco Systems, Inc.
10.9 Google Corporation
10.10 Harman International
10.11 IBM Corporation
10.12 iFLYTEK Corporation
10.13 KITT.AI
10.14 Microsoft Corporation
10.15 Mycroft AI
10.16 Nuance Communications
10.17 Oracle
10.18 Salesforce, Inc.
10.19 Samsung Corporation
10.20 Sensory Inc.
10.21 Sonos, Inc.
10.22 SoundHound Inc.
10.23 Tencent
10.24 VoiceBox Technologies Corporation
10.25 Voysis IP Solutions
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