Asia Pacific Voice User Interface Market By Vertical (Consumer Electronic, Smart Speakers & E-commerce, Automotive & Transportation, Government & Defense Sector, Healthcare & Life Science, BFSI, Travel & Hospitality and Others), By Offering (Solution and Service), By Application (Smart Speakers, Interactive Voice Response, Voice Controlled Devices, Smartphone & Tablets and Others), By Country, Opportunity Analysis and Industry Forecast, 2021 - 2027
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Market Report Description
The Asia Pacific Voice User Interface Market would witness market growth of 25.6% CAGR during the forecast period (2021-2027).
Voice user interface technologies such as Siri, Alexa, and Google assistant are considered as the new generation of Voice user interface technologies. These new-generation technologies are being used to convert speech recognition software analog into a digital format. Moreover, these technologies are also being integrated into automotive vehicles to assist users while driving. This is a key driver for the growth of the Voice user interface technology. These devices are designed in a way that they are capable of memorizing the voice of their owner. This capability of Voice user interface technology prevents unauthorized access.
APAC is the region with ongoing development across various countries that exist in the region. For instance, China is observing a significant rise for the demand of voice user interface. In addition, a huge population of the countries like India and China combined with ongoing technological developments and innovation would play a major role in enhancing the demand of the voice user interface built digital devices across the region.
The China market dominated the Asia Pacific Voice User Interface Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $3.54 billion by 2027. The Japan market is poised to grow at CAGR of 25% during (2021 - 2027). Additionally, The India market would experience a CAGR of 26.4% during (2021 - 2027).
Based on Vertical, the market is segmented into Consumer Electronic, Smart Speakers & E-commerce, Automotive & Transportation, Government & Defense Sector, Healthcare & Life Science, BFSI, Travel & Hospitality and Others. Based on Offering, the market is segmented into Solution and Service. Based on Application, the market is segmented into Smart Speakers, Interactive Voice Response, Voice Controlled Devices, Smartphone & Tablets and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Voice User Interface Market is Projected to reach USD 45.94 billion by 2027, at a CAGR of 23.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Microsoft Corporation, Amazon.com, Inc., Apple, Inc., Google LLC, Baidu, Inc., Meta Platforms, Inc., Advanced Voice Recognition Systems, Inc., and SoundHound, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Vertical
- Consumer Electronic
- Smart Speakers & E-commerce
- Automotive & Transportation
- Government & Defense Sector
- Healthcare & Life Science
- BFSI
- Travel & Hospitality and
- Others
By Offering
- Solution
- Service
By Application
- Smart Speakers
- Interactive Voice Response
- Voice Controlled Devices
- Smartphone & Tablets
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Microsoft Corporation
- Amazon.com, Inc.
- Apple, Inc.
- Google LLC
- Baidu, Inc.
- Meta Platforms, Inc.
- Advanced Voice Recognition Systems, Inc.
- SoundHound, Inc.
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Related Reports:
Global Voice User Interface Market Report 2021-2027
North America Voice User Interface Market Report 2021-2027