Product Code: GVR-4-68040-272-4
Voice Search Market Growth & Trends:
The global voice search market is anticipated to reach USD 13.88 billion by 2030, registering a CAGR of 23.8% during the forecast period, according to a new report by Grand View Research, Inc. The market growth is driven by the widespread adoption of smart devices and the integration of voice assistants into smart homes. The expansion of smart home technology, including connected appliances, lighting, and security systems, further fuels the demand for voice search capabilities as users seek smooth control and automation of living spaces.
According to the Secure Data Recovery study of 2023, the use of smart technology is rapidly increasing throughout the U.S. Connecticut, Utah, and Maryland have the highest percentages of smart home usage, with 28.2%, 27.8%, and 27.6% of their respective populations using smart technology. The report states that the adoption of smart home technology surged, with the percentage of smart households increasing from 6.9% in 2015 to 22.3% in 2023. The advancements in smart entertainment industry significantly drives this growth.
Innovations such as Natural Language Processing (NLP), Machine Learning (ML), and deep learning algorithms enhance the accuracy and effectiveness of voice search systems, making them more reliable and user-friendly. These technological developments enable more precise interpretation of user queries and also facilitate better understanding of context and intent, resulting in more relevant search results and personalized recommendations.
As voice recognition technology continues to evolve, with enhancements in multilingual support, accent recognition, and real-time processing capabilities, it is further driving the market growth by expanding its utility across diverse applications and industries. For instance, in August 2023, Amazon reported a 21% rise in the use of multilingual mode on Alexa-powered devices in 2022. The company noted that nearly half of the Echo smart speaker users prefer to interact with Alexa in Indian-English/Hindi through the multilingual mode.
Voice Search Market Report Highlights:
- The generic search type segment accounted for the largest revenue share of 53.6% in 2023 owing to the growth of smart assistants and chatbots in various applications and services.
- The smart speakers application segment is anticipated to witness a significant growth during the forecast period due to the smooth integration of voice search capabilities into smart speakers, enhancing their utility.
- The automotive end-use segment accounted for the largest revenue share in 2023 due to the increasing emphasis on safety regulations and distracted driving prevention measure.
- North America dominated the market with a share of 31.9% in 2023 due to the rising adoption of voice commerce, or v-commerce as consumers increasingly use voice commands to shop, and perform various transactions.
- In December 2023, Apple Inc. announced that Siri would have access and log Health app data on the Apple Watch Series 9 and Apple Watch Ultra 2, with the help of Apple's watch chip, S9 SiP. On-device processing ensures user privacy by keeping Health app data on the device when Siri responds to voice requests related to over 20 Health app data types.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Segment Definitions
- 1.2.1. Type
- 1.2.2. Application
- 1.2.3. End-use
- 1.2.4. Regional scope
- 1.2.5. Estimates and forecasts timeline
- 1.3. Research Methodology
- 1.4. Information Procurement
- 1.4.1. Purchased database
- 1.4.2. GVR's internal database
- 1.4.3. Secondary sources
- 1.4.4. Primary research
- 1.4.5. Details of primary research
- 1.5. Research Scope and Assumptions
- 1.5.1. List of data sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Type outlook
- 2.2.2. Application outlook
- 2.2.3. End-use outlook
- 2.3. Competitive Insights
Chapter 3. Voice Search Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent market outlook
- 3.1.2. Related/ancillary market outlook
- 3.2. Market Dynamics
- 3.2.1. Market driver analysis
- 3.2.2. Market restraint analysis
- 3.2.3. Market opportunity analysis
- 3.3. Voice Search Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's Five Forces
- 3.3.1.1. Supplier power
- 3.3.1.2. Buyer power
- 3.3.1.3. Substitution threat
- 3.3.1.4. Threat of new entrant
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic landscape
- 3.3.2.3. Social landscape
- 3.3.2.4. Technological landscape
- 3.3.2.5. Environmental landscape
- 3.3.2.6. Legal landscape
Chapter 4. Voice Search Market: Type Estimates & Trend Analysis
- 4.1. Type Market Share, 2023 & 2030
- 4.2. Segment Dashboard
- 4.3. Global Voice Search Market by Type Outlook
- 4.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the Following
- 4.4.1. Generic Search
- 4.4.1.1. Generic search market estimates and forecasts 2018 to 2030 (USD Million)
- 4.4.2. Context-aware search
- 4.4.2.1. Context-aware search market estimates and forecasts 2018 to 2030 (USD Million)
- 4.4.3. Proactive search
- 4.4.3.1. Proactive search market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 5. Voice Search Market: Application Estimates & Trend Analysis
- 5.1. Application Market Share, 2023 & 2030
- 5.2. Segment Dashboard
- 5.3. Global Voice Search Market by Application Outlook
- 5.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the Following
- 5.4.1. Consumer Electronics
- 5.4.1.1. Consumer electronics market estimates and forecasts 2018 to 2030 (USD Million)
- 5.4.2. Smart Speakers
- 5.4.2.1. Smart speakers market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 6. Voice Search Market: End-use & Trend Analysis
- 6.1. End-use Market Share, 2023 & 2030
- 6.2. Segment Dashboard
- 6.3. Global Voice Search Market by End-use Outlook
- 6.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the Following
- 6.4.1. Automotive
- 6.4.1.1. Automotive market estimates and forecasts 2018 to 2030 (USD Million)
- 6.4.2. Retail
- 6.4.2.1. Retail market estimates and forecasts 2018 to 2030 (USD Million)
- 6.4.3. Healthcare
- 6.4.3.1. Healthcare market estimates and forecasts 2018 to 2030 (USD Million)
- 6.4.4. Education
- 6.4.4.1. Education market estimates and forecasts 2018 to 2030 (USD Million)
- 6.4.5. Others
- 6.4.5.1. Others market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 7. Voice Search Market: Regional Estimates & Trend Analysis
- 7.1. Regional Market Share Analysis, 2023 & 2030
- 7.2. Regional Market Dashboard
- 7.3. Global Regional Market Snapshot
- 7.4. Market Size, & Forecasts Trend Analysis, 2018 to 2030:
- 7.5. North America
- 7.5.1. North America market estimates and forecasts 2018 to 2030 (USD Million)
- 7.5.2. U.S.
- 7.5.2.1. U.S. market estimates and forecasts 2018 to 2030 (USD Million)
- 7.5.3. Canada
- 7.5.3.1. Canada market estimates and forecasts 2018 to 2030 (USD Million)
- 7.6. Europe
- 7.6.1. Europe market estimates and forecasts 2018 to 2030 (USD Million)
- 7.6.2. UK
- 7.6.2.1. UK market estimates and forecasts 2018 to 2030 (USD Million)
- 7.6.3. Germany
- 7.6.3.1. Germany market estimates and forecasts 2018 to 2030 (USD Million)
- 7.6.4. France
- 7.6.4.1. France market estimates and forecasts 2018 to 2030 (USD Million)
- 7.6.5. Italy
- 7.6.5.1. Italy market estimates and forecasts 2018 to 2030 (USD Million)
- 7.7. Asia Pacific
- 7.7.1. Asia Pacific market estimates and forecasts 2018 to 2030 (USD Million)
- 7.7.2. Japan
- 7.7.2.1. Japan market estimates and forecasts 2018 to 2030 (USD Million)
- 7.7.3. China
- 7.7.3.1. China market estimates and forecasts 2018 to 2030 (USD Million)
- 7.7.4. India
- 7.7.4.1. India market estimates and forecasts 2018 to 2030 (USD Million)
- 7.7.5. Australia
- 7.7.5.1. Australia market estimates and forecasts 2018 to 2030 (USD Million)
- 7.7.6. South Korea
- 7.7.6.1. South Korea market estimates and forecasts 2018 to 2030 (USD Million)
- 7.8. Latin America
- 7.8.1. Latin America market estimates and forecasts 2018 to 2030 (USD Million)
- 7.8.2. Brazil
- 7.8.2.1. Brazil market estimates and forecasts 2018 to 2030 (USD Million)
- 7.8.3. Mexico
- 7.8.3.1. Mexico market estimates and forecasts 2018 to 2030 (USD Million)
- 7.8.4. Argentina
- 7.8.4.1. Argentina market estimates and forecasts 2018 to 2030 (USD Million)
- 7.9. MEA
- 7.9.1. MEA market estimates and forecasts 2018 to 2030 (USD Million)
- 7.9.2. South Africa
- 7.9.2.1. South Africa market estimates and forecasts 2018 to 2030 (USD Million)
- 7.9.3. Saudi Arabia
- 7.9.3.1. Saudi Arabia market estimates and forecasts 2018 to 2030 (USD Million)
- 7.9.4. UAE
- 7.9.4.1. UAE market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Recent developments & impact analysis, by key market participants
- 8.2. Company categorization
- 8.3. Company market positioning
- 8.4. Company heat map analysis
- 8.5. Strategy mapping
- 8.5.1. Expansion
- 8.5.2. Mergers & acquisition
- 8.5.3. Partnerships & collaborations
- 8.5.4. New product launches
- 8.5.5. Research and development
- 8.6. Company Profiles
- 8.6.1. Advanced Voice Recognition Systems, Inc.
- 8.6.1.1. Company overview
- 8.6.1.2. Financial performance
- 8.6.1.3. Product benchmarking
- 8.6.1.4. Strategic initiatives
- 8.6.2. Apple, Inc.
- 8.6.2.1. Company overview
- 8.6.2.2. Financial performance
- 8.6.2.3. Product benchmarking
- 8.6.2.4. Strategic initiatives
- 8.6.3. Baidu, Inc.
- 8.6.3.1. Company overview
- 8.6.3.2. Financial performance
- 8.6.3.3. Product benchmarking
- 8.6.3.4. Strategic initiatives
- 8.6.4. BioTrust ID B.V.
- 8.6.4.1. Company overview
- 8.6.4.2. Financial performance
- 8.6.4.3. Product benchmarking
- 8.6.4.4. Strategic initiatives
- 8.6.5. CastleOS Software, LLC
- 8.6.5.1. Company overview
- 8.6.5.2. Financial performance
- 8.6.5.3. Product benchmarking
- 8.6.5.4. Strategic initiatives
- 8.6.6. Google, Inc.
- 8.6.6.1. Company overview
- 8.6.6.2. Financial performance
- 8.6.6.3. Product benchmarking
- 8.6.6.4. Strategic initiatives
- 8.6.7. International Business Machines Corp.
- 8.6.7.1. Company overview
- 8.6.7.2. Financial performance
- 8.6.7.3. Product benchmarking
- 8.6.7.4. Strategic initiatives
- 8.6.8. Microsoft Corp.
- 8.6.8.1. Company overview
- 8.6.8.2. Financial performance
- 8.6.8.3. Product benchmarking
- 8.6.8.4. Strategic initiatives
- 8.6.9. MindMeld
- 8.6.9.1. Company overview
- 8.6.9.2. Financial performance
- 8.6.9.3. Product benchmarking
- 8.6.9.4. Strategic initiatives
- 8.6.10. MModal, Inc.
- 8.6.10.1. Company overview
- 8.6.10.2. Financial performance
- 8.6.10.3. Product benchmarking
- 8.6.10.4. Strategic initiatives
- 8.6.11. Nortek Holdings, Inc.
- 8.6.11.1. Company overview
- 8.6.11.2. Financial performance
- 8.6.11.3. Product benchmarking
- 8.6.11.4. Strategic initiatives
- 8.6.12. Sensory, Inc.
- 8.6.12.1. Company overview
- 8.6.12.2. Financial performance
- 8.6.12.3. Product benchmarking
- 8.6.12.4. Strategic initiatives