LAMEA 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
Special Offering: Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
Get in-depth analysis of the COVID-19 impact on the LAMEA Voice User Interface Market
Market Report Description
The Latin America, Middle East and Africa Voice User Interface Market would witness market growth of 26.8% CAGR during the forecast period (2021-2027).
Voice user interface is one of the big steps towards the second revolution in human-machine interface. Voice enables a convenient integration. It is hands-free, keyboard-free, and eyes-free. Talking is natural and does not require the user to learn new skills. Hence the learning curve in the Voice user interface is low. Also, voice interaction can be quickly adopted by today’s generations, disabled and elderly people.
Moreover, the backend infrastructure of this technology such as like Artificial intelligence and machine learning are usually stored in private spaces of the user or cloud storages and are majorly being utilized intending to develop Voice user interface components.
LAMEA would also observe a steady growth in the Voice user interface market. People residing in the countries across LAMEA have less spending potentials which restrains them from consuming advanced and expensive services. Furthermore, in the year, the Amazon started the trial of its Alexa smart speaker in Brazil, which was the indication of launch of more products by the company in the country. South Africa is a country with not so well-established economy.
The Brazil market dominated the LAMEA Voice User Interface Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1.19 billion by 2027. The Argentina market is poised to grow at a CAGR of 27.5% during (2021 - 2027). Additionally, The UAE market would showcase a CAGR of 26.5% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
- Saudi Arabia
- South Africa
- Rest of LAMEA
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.
Unique Offerings from KBV Research
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free