North America 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 North America Voice User Interface Market would witness market growth of 21.7% CAGR during the forecast period (2021-2027).
Voice user interface technologies are also being integrated into various security applications and devices. Numerous security appliances have been comprised of Voice user interface, hence enhancing the security standards across the world. These devices work on the speech commands of the user. With this integration, security devices have gained the ability to add the user’s voice into their memory and grant access to the recognized voice only. It is being used in various large-scale utilities to protect their necessary and private data from unrecognized invasions.
North America is one of the fastest growing region in the sector of technology and development. The top key players of the market such as Google, amazon, Facebook, apple, and Microsoft are operating in the United States. Furthermore, a major portion of the households across US own a smart speaker. In addition, Tesla, one of the major players in the smart automotive which is integrating Voice user interface into its vehicles, operates in US. Hence, these factors can be instrumental in the growth of the regional voice user interface market during the forecasting period.
The US market dominated the North America Voice User Interface Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $11.87 billion by 2027. The Canada market is anticipated to grow at a CAGR of 24.5% during (2021 - 2027). Additionally, The Mexico market would exhibit 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 U.S., Mexico, Canada, and Rest of North America.
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 North America
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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