Europe 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 Europe Voice User Interface Market would witness market growth of 22.5% CAGR during the forecast period (2021-2027).
Voice user interface is an advanced new-generation technology which is developed to allow the users to verbally interact with digital and computer applications on their devices. This technology helps the user to access their smart devices such as smartphones, laptops, and navigation systems of their vehicles. Voice user interface technology leverages speech recognition capabilities to enable communication between smart devices and the user.
Europe is an already growing market for the Voice user interface. Countries in Europe observe a significant demand for the Voice user interface integrated devices such as smart speakers, voice operated appliances, voice-controlled access manager, and smart vehicle technologies. There is a rise in the number of working population in various developed countries of Europe such as Germany, France, and Italy which would further enhance the customer’s experience in voice command- based devices across the Europe. These factors would play a major role in further accelerating the growth of the Voice user interface market across European market.
The Germany market dominated the Europe Voice User Interface Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $3.16 billion by 2027. The UK market is estimated to witness a CAGR of 21.6% during (2021 - 2027). Additionally, The France market would showcase a CAGR of 23.4% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Voice User Interface Market Size will Hit $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:
- Consumer Electronic
- Smart Speakers & E-commerce
- Automotive & Transportation
- Government & Defense Sector
- Healthcare & Life Science
- Travel & Hospitality and
- Smart Speakers
- Interactive Voice Response
- Voice Controlled Devices
- Smartphone & Tablets
- Rest of Europe
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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