Global Voice Assistant Application Market
- 4100.00 Dollar US$
- Published date: November 7, 2020
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- Pune, Maharashtra, India
Global Voice Assistant Application Market was valued at US$ XX Mn in 2019 and is expected to reach US$ XX Mn by 2027, at a CAGR of XX %during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Increasing proclivity toward IOT and automation is driving the voice assistant application market growth. The growing demand for smartphone is also fuelling the global voice assistance application market. Also, the global demand for voice assistant speakers will attract many vendors to enter the market over the projected time period, so driving the global voice assistant application market development.
The growing popularity of voice assistants and increasing digitalization globally will contribute notably to this market in the upcoming years. However, the oligopoly in speech and voice recognition via a neural network is restricting its usage for cloud-based services, which can be restrictive for the voice assistant application market’s development.
Small and Medium-Sized Enterprises segment is expected to register a significant CAGR during the forecast period, because of the increasing demand for voice assistants in developing economies like India and China.
For More Information Visit :https://www.maximizemarketresearch.com/market-report/global-voice-assistant-application-market/29742/
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