PUBLISHER: TechNavio | PRODUCT CODE: 1653044
PUBLISHER: TechNavio | PRODUCT CODE: 1653044
The voice commerce market is forecasted to grow by USD 80.21 billion during 2024-2029, accelerating at a CAGR of 22.7% during the forecast period. The report on the voice commerce market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by enhanced purchasing convenience, enhanced customer engagement, and ability to reach multiple users at once.
Market Scope | |
---|---|
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 19.2% |
CAGR | 22.7% |
Incremental Value | $80.21 bn |
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's voice commerce market is segmented as below:
By Application
By Geographical Landscape
This study identifies the rising adoption of voice-enabled devices as one of the prime reasons driving the voice commerce market growth during the next few years. Also, growing demand for streamlined catalogs and increase in online purchasing will lead to sizable demand in the market.
The report on the voice commerce market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading voice commerce market vendors that include Adobe Inc., Agora Inc., Algolia Inc., Alphabet Inc., Amazon.com Inc., Baidu Inc., Edrone sp. z o.o., iAdvize SAS, Microsoft Corp., Salesforce Inc., Samsung Electronics Co. Ltd., Voicify LLC, and Yosh.AI Ltd.. Also, the voice commerce market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.