The North America Voice-based Payments Market would witness market growth of 10.9% CAGR during the forecast period (2022-2028).
Voice payments are becoming more common as a result of the 'always connected' lifestyle. In today's fast-paced world, voice payments provide consumers with options that save them time and are simple to use. Brands, on the other hand, benefit because they have unprecedented access to their customers' personal data and behavior patterns. Many companies and financial institutions have jumped on the voice payment train because of this win-win situation. Customers of mobile payment networks like Zelle, Venmo, and PayPal may already use voice-triggered instructions to conduct banking and other financial transactions. Traditional banks, on the other hand, are integrating conversational speech interfaces into their mobile banking apps to provide users access to all of their banking services.
By offering credit to the economy across a broad range of retail and commercial asset classes, nonbank financial institutions play a vital role in delivering financial services to U.S. consumers and businesses. Nonbanks are well-integrated into the US payments system, providing services such as back-end check processing, card issuing, processing, network activity, and customer-facing digital payment software. Nonbank financial enterprises also play a vital role in capital markets, as well as offering financial advice and execution services to retail investors. The amount of money flowing into financial technology investments is enormous. From 2010 to 2017, US companies contributed over half of the $117 billion in global investments. Many significant, well-established companies interested in data, software, mobile devices, cloud computing, internet search, retail e-commerce, payments, and telecommunications have begun to engage in operations linked to financial services, either directly or indirectly. Many of these companies are headquartered in the United States, including some with some of the world's greatest market capitalizations. Thus, innovations in the financial technology sector reach the United States before other countries. This could also be the case with the widespread adoption of voice-based payments.
The US market dominated the North America Voice-based Payments Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,165.1 Million by 2028. The Canada market is experiencing a CAGR of 13.4% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 12.4% during (2022 - 2028).
Based on Component, the market is segmented into Software and Hardware. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on End-use, the market is segmented into BFSI, Retail, Automotive, Government & Defense, Healthcare & Life Sciences, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Voice-based Payments Market is Estimated to reach $12.2 Billion by 2028, at a CAGR of 11.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Google LLC, Amazon.com, Inc., Alibaba Group Holding Limited, Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Cerence, Inc., PCI Pal PLC, Paysafe Limited, NCR Corporation, PayPal Holdings, Inc., and Vibe Group (Vibe Pay Limited)
Scope of the Study
Market Segments Covered in the Report:
By Component
By Organization Size
- Large Enterprises
- Small & Medium Enterprises
By End-use
- BFSI
- Retail
- Automotive
- Government & Defense
- Healthcare & Life Sciences
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Google LLC
- Amazon.com, Inc.
- Alibaba Group Holding Limited
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- Cerence, Inc.
- PCI Pal PLC
- Paysafe Limited
- NCR Corporation
- PayPal Holdings, Inc.
- Vibe Group (Vibe Pay Limited)
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Voice-based Payments Market, by Component
1.4.2 North America Voice-based Payments Market, by Organization Size
1.4.3 North America Voice-based Payments Market, by End-use
1.4.4 North America Voice-based Payments Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis – Global
3.1 Market Share Analysis, 2021
3.2 Strategies Deployed in Voice-based Payments Market
Chapter 4. North America Voice-based Payments Market by Component
4.1 North America Software Market by Country
4.2 North America Hardware Market by Country
Chapter 5. North America Voice-based Payments Market by Organization Size
5.1 North America Large Enterprises Market by Country
5.2 North America Small & Medium Enterprises Market by Country
Chapter 6. North America Voice-based Payments Market by End-use
6.1 North America BFSI Market by Country
6.2 North America Retail Market by Country
6.3 North America Automotive Market by Country
6.4 North America Government & Defense Market by Country
6.5 North America Healthcare & Life Sciences Market by Country
6.6 North America Others Market by Country
Chapter 7. North America Voice-based Payments Market by Country
7.1 US Voice-based Payments Market
7.1.1 US Voice-based Payments Market by Component
7.1.2 US Voice-based Payments Market by Organization Size
7.1.3 US Voice-based Payments Market by End-use
7.2 Canada Voice-based Payments Market
7.2.1 Canada Voice-based Payments Market by Component
7.2.2 Canada Voice-based Payments Market by Organization Size
7.2.3 Canada Voice-based Payments Market by End-use
7.3 Mexico Voice-based Payments Market
7.3.1 Mexico Voice-based Payments Market by Component
7.3.2 Mexico Voice-based Payments Market by Organization Size
7.3.3 Mexico Voice-based Payments Market by End-use
7.4 Rest of North America Voice-based Payments Market
7.4.1 Rest of North America Voice-based Payments Market by Component
7.4.2 Rest of North America Voice-based Payments Market by Organization Size
7.4.3 Rest of North America Voice-based Payments Market by End-use
Chapter 8. Company Profiles
8.1 Google LLC
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent Strategies and Developments
8.1.5.1 Product Launches and Product Expansions:
8.1.6 SWOT Analysis
8.2 Amazon.com, Inc.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental Analysis
8.2.4 Recent strategies and developments:
8.2.4.1 Product Launches and Product Expansions:
8.2.5 SWOT Analysis
8.3 Alibaba Group Holding Limited
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Recent Strategies and Developments
8.3.4.1 Partnerships, Collaborations, and Agreements:
8.4 Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.5 Cerence, Inc.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Regional Analysis
8.5.4 Research & Development Expenses
8.5.5 Recent strategies and developments:
8.5.5.1 Partnerships, Collaborations, and Agreements:
8.5.5.2 Product Launches and Product Expansions:
8.6 PCI Pal PLC
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Regional Analysis
8.7 Paysafe Limited
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expenses
8.8 NCR Corporation
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expenses
8.9 PayPal Holdings, Inc.
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Regional Analysis
8.9.4 Research & Development Expense
8.9.5 Recent strategies and developments:
8.9.5.1 Partnerships, Collaborations, and Agreements:
8.9.5.2 Acquisitions and Mergers
8.10. Vibe Group (Vibe Pay Limited)
8.10.1 Company Overview
8.10.2 Recent strategies and developments:
8.10.2.1 Product Launches and Product Expansions:
TABLE 1 North America Voice-based Payments Market, 2018 - 2021, USD Million
TABLE 2 North America Voice-based Payments Market, 2022 - 2028, USD Million
TABLE 3 North America Voice-based Payments Market by Component, 2018 - 2021, USD Million
TABLE 4 North America Voice-based Payments Market by Component, 2022 - 2028, USD Million
TABLE 5 North America Software Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Software Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Hardware Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Hardware Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Voice-based Payments Market by Organization Size, 2018 - 2021, USD Million
TABLE 10 North America Voice-based Payments Market by Organization Size, 2022 - 2028, USD Million
TABLE 11 North America Large Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Large Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Small & Medium Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Small & Medium Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Voice-based Payments Market by End-use, 2018 - 2021, USD Million
TABLE 16 North America Voice-based Payments Market by End-use, 2022 - 2028, USD Million
TABLE 17 North America BFSI Market by Country, 2018 - 2021, USD Million
TABLE 18 North America BFSI Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Retail Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Retail Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Automotive Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Automotive Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Government & Defense Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Government & Defense Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Healthcare & Life Sciences Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Healthcare & Life Sciences Market by Country, 2022 - 2028, USD Million
TABLE 27 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 28 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 29 North America Voice-based Payments Market by Country, 2018 - 2021, USD Million
TABLE 30 North America Voice-based Payments Market by Country, 2022 - 2028, USD Million
TABLE 31 US Voice-based Payments Market, 2018 - 2021, USD Million
TABLE 32 US Voice-based Payments Market, 2022 - 2028, USD Million
TABLE 33 US Voice-based Payments Market by Component, 2018 - 2021, USD Million
TABLE 34 US Voice-based Payments Market by Component, 2022 - 2028, USD Million
TABLE 35 US Voice-based Payments Market by Organization Size, 2018 - 2021, USD Million
TABLE 36 US Voice-based Payments Market by Organization Size, 2022 - 2028, USD Million
TABLE 37 US Voice-based Payments Market by End-use, 2018 - 2021, USD Million
TABLE 38 US Voice-based Payments Market by End-use, 2022 - 2028, USD Million
TABLE 39 Canada Voice-based Payments Market, 2018 - 2021, USD Million
TABLE 40 Canada Voice-based Payments Market, 2022 - 2028, USD Million
TABLE 41 Canada Voice-based Payments Market by Component, 2018 - 2021, USD Million
TABLE 42 Canada Voice-based Payments Market by Component, 2022 - 2028, USD Million
TABLE 43 Canada Voice-based Payments Market by Organization Size, 2018 - 2021, USD Million
TABLE 44 Canada Voice-based Payments Market by Organization Size, 2022 - 2028, USD Million
TABLE 45 Canada Voice-based Payments Market by End-use, 2018 - 2021, USD Million
TABLE 46 Canada Voice-based Payments Market by End-use, 2022 - 2028, USD Million
TABLE 47 Mexico Voice-based Payments Market, 2018 - 2021, USD Million
TABLE 48 Mexico Voice-based Payments Market, 2022 - 2028, USD Million
TABLE 49 Mexico Voice-based Payments Market by Component, 2018 - 2021, USD Million
TABLE 50 Mexico Voice-based Payments Market by Component, 2022 - 2028, USD Million
TABLE 51 Mexico Voice-based Payments Market by Organization Size, 2018 - 2021, USD Million
TABLE 52 Mexico Voice-based Payments Market by Organization Size, 2022 - 2028, USD Million
TABLE 53 Mexico Voice-based Payments Market by End-use, 2018 - 2021, USD Million
TABLE 54 Mexico Voice-based Payments Market by End-use, 2022 - 2028, USD Million
TABLE 55 Rest of North America Voice-based Payments Market, 2018 - 2021, USD Million
TABLE 56 Rest of North America Voice-based Payments Market, 2022 - 2028, USD Million
TABLE 57 Rest of North America Voice-based Payments Market by Component, 2018 - 2021, USD Million
TABLE 58 Rest of North America Voice-based Payments Market by Component, 2022 - 2028, USD Million
TABLE 59 Rest of North America Voice-based Payments Market by Organization Size, 2018 - 2021, USD Million
TABLE 60 Rest of North America Voice-based Payments Market by Organization Size, 2022 - 2028, USD Million
TABLE 61 Rest of North America Voice-based Payments Market by End-use, 2018 - 2021, USD Million
TABLE 62 Rest of North America Voice-based Payments Market by End-use, 2022 - 2028, USD Million
TABLE 63 Key Information – Google LLC
TABLE 64 Key Information – Amazon.com, Inc.
TABLE 65 Key Information – Alibaba Group Holding Limited
TABLE 66 key information – Huawei Technologies Co., Ltd.
TABLE 67 Key Information – Cerence Inc.
TABLE 68 Key Information – PCI Pal PLC
TABLE 69 Key Information – PAYSAFE LIMITED
TABLE 70 Key Information – NCR Corporation
TABLE 71 Key Information – PayPal Holdings, Inc.
TABLE 72 Key Information – Vibe Pay Limited
List of Figures
FIG 1 Methodology for the research
FIG 2 Market Share Analysis, 2021
FIG 3 SWOT Analysis: Alphabet Inc. (Google Inc.)
FIG 4 SWOT analysis: Amazon.com, Inc.