Voice Assistant Technology to Offer a Paradigm Shift Toward Hands-Free Technology Usage

Fri, 09 August 2019 1:48

Voice assistant utilizes voice recognition technology such as speech synthesis, machine learning, and others, facilitating human-machine interaction through devices and several voice recognition applications. Deployment of voice assistant technology in smart speakers such as Amazon Echo or Google Home have become popular in household appliances, providing seamless interaction with computing systems. Furthermore, the rising adoption of smart speakers for smarter home automation ecosystem plays a vital role in making the everyday life of customers easier through virtual assistant capabilities and AI integrated skills.

Google’s Voice Access to Aid People With Disabilities

Advancements in voice-enabled applications are increasing exponentially. For instance, in October 2018, Google launched Voice Access that allow users to navigate through apps, type, talk, and edit text, supporting individuals with mobility and motor impairments to control their devices. Such technological privileges are driving the demand for voice assistant applications.

Google Cloud Text-to-Speech to Allow Developers and Businesses to Benefit from Voice Assistant Technology 

On the basis of technology, text-to-speech recognition technology is projected to witness significant growth in the voice assistant application market during the forecast period, 2019–2026. For instance, in March 2018, Google launched a new AI voice synthesizer as a part of its machine learning cloud tools. It was named Cloud Text-to-Speech powered by Google’s U.K.-based AI subsidiary DeepMind Technologies. This service is made available to developers and businesses that require voice synthesis on tap for application, website, or virtual assistant.

Regional Insights

Geographically, the global voice assistant application market into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa (LAMEA).

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North America is considered to be the cornerstone of technological advancements. Introducing technical advancements into the health sector with virtual assistant would gradually reduce the burden of care teams and improve patience experience. This would offer several opportunities for the voice assistant application market in the region; for instance, Nuance Communications, Inc. announced its voice-enabled virtual assistant to all users of Dragon Medical One. This technology automates clinical tasks, enabling the intelligent retrieval of medical information and enhanced user experience.

The global mobility industry is embracing the trend of electrification and connected systems that involve smart AI functions. Europe, followed by Asia-Pacific, is the primary market for automotive manufacturers. Thus, developments in automation and smart mobility such as the integration of voice-enabled solutions in the automotive industry across the region is projected to drive the demand for voice assistant applications. LAMEA is expected to witness a healthy growth rate in the voice assistant application market with market players stressing on business expansion in untapped regions, reaping various potential opportunities.

Key Players

Some of the prominent players in the global voice assistant application market are IBM Corporation (U.S.), Google (U.S.), AWS (U.S.), Microsoft (U.S.), Apple (U.S.), Baidu (China), and others.

Key Developments

  • In November 2018, Samsung introduced Bixby Developer Studio, allowing third-party developers to build functionalities for the AI-based assistant
  • In November 2018, Oracle announced the merger of its two subsidiaries – Oracle Retail Cloud Service and Oracle Digital Assistant, permitting employees of retail organizations to use voice and text to access applications and information across their enterprises

Voice Assistant Application Segmentation

By Component

  • Solutions
  • Services

By Deployment Mode

  • On-Premise
  • Cloud

By Technology

  • Speech Recognition
  • Text-to-Speech Recognition
  • Voice Recognition

By Application

  • Mobile Application
  • Web Application
  • Smart Devices
  • Others

Regions Covered

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • U.K.
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Rest of Asia-Pacific
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA

" Crucial Insights The Report Provides:"

* Known and Unknown Adjacencies Influencing the Growth of Market

* Explorable Revenue Sources

* Customer Behaviour Analysis

* Target Partners

* Customized Geographical Data Based on Customers as well as Competitors

* Analysis of Market Size and CAGR between the Forecast Periods

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